CI Canadian Short-Term Aggregate Bond Index ETF (formerly CI Yield Enhanced Canada Short-Term Aggregate Bond Index ETF)

TSX TICKER : CAGS
 

Fund overview

The CI Canadian Short-term Aggregate Bond Index ETF seeks to track, to the extent reasonably possible, the price and yield performance of a Canadian short-term Investment grade bond index, before fees and expenses. Currently, the CI ETF seeks to track the FTSE Canada Short Term Overall Bond Index™ (the “Index”) or any successor thereto.

Fund details

description of elementelement value
Inception date June 2017
Total net assets ($CAD)
As at 2024-04-25
$52.8 million
NAVPS
As at 2024-04-25
$45.9379
Market price
As at 2024-04-25
$45.9400
MER (%)
As at 2023-12-31
0.19
Management fee (%) 0.07
Units outstanding
As at 2024-04-25
1,150,000
Asset class Canadian Fixed Income
Currency CAD
CUSIP 17166P108
Distribution frequency Monthly
Last distribution $0.1080
Average Duration (ex-CDX) 2.21
Average Credit Rating A

Risk rating1

  • Low
  • Low to medium
  • Medium
  • Medium to high
  • High

Investor suitability

For those who:
  • want to invest in a broad range of fixed income securities which are Canadian dollar denominated
  • can handle the ups and downs of the stock market

Performance2 As at 2024-03-31

Growth of $10,000 (Since inception date)

growth of 10k graph

Calendar year performance

annual performance graph

average annual compound returns

YTD 1 Mo 3 Mo 6 Mo 1 Y 3 Y 5 Y 10 Y Inception*
0.59% 0.46% 0.59% 4.30% 3.95% 0.15% 1.26% - 1.41%
*Since inception date

Distribution history3

Payable date Total
2024-04-23 0.1080
2024-03-21 0.1134
2024-02-22 0.1124
2024-01-24 0.0796
2023-12-20 0.1300
Payable date Total
2023-11-23 0.1109
2023-10-24 0.1026
2023-09-22 0.1137
2023-08-24 0.0990
2023-07-24 0.1085

FUND CHARACTERISTICS

Average Coupon % 3.13
Average Duration (ex-CDX) 2.21
Current Yield % 3.18
Yield to Worst % 4.60
Years to Maturity 2.40
Issuer Federal % 11.90
Issuer Government Related % 27.90
Issuer Corporate % 60.30
Average price 97.26

RATING SUMMARY (%)

AAA 24.90
AA 14.70
A 30.50
BBB 29.90
Average Credit Rating A

*Corporate and Government bonds only.

CI Canadian Short-Term Aggregate Bond Index ETF (formerly CI Yield Enhanced Canada Short-Term Aggregate Bond Index ETF)

TSX TICKER : CAGS
 
Portfolio allocations4 As at 2024-03-31
Asset allocation (%)
  • Canadian Corporate Bonds 57.93
  • Canadian Government Bonds 38.08
  • Cash and Equivalents 3.50
  • Foreign Government Bonds 0.48
  • Other 0.01
Sector allocation (%)
  • Fixed Income 96.45
  • Cash and Cash Equivalent 3.50
  • Financial Services 0.04
  • Other 0.01
Geographic allocation(%)
  • Canada 99.51
  • United States 0.48
  • Other 0.01
Top holdings
Sector (%)
1. Ontario Province 2.60% 02-Jun-2025 Fixed Income 2.38%
2. Canada Government 0.50% 01-Sep-2025 Fixed Income 1.94%
3. Canada Housing Trust No 1 1.25% 15-Jun-2026 Fixed Income 1.82%
4. Canada Government 0.25% 01-Mar-2026 Fixed Income 1.73%
5. Canada Housing Trust No 1 1.90% 15-Sep-2026 Fixed Income 1.48%
6. Canada Housing Trust No 1 0.95% 15-Jun-2025 Fixed Income 1.47%
7. Canada Government 1.25% 01-Mar-2025 Fixed Income 1.33%
8. Canada Housing Trust No 1 2.35% 15-Jun-2027 Fixed Income 1.27%
9. Ontario Province 1.75% 08-Sep-2025 Fixed Income 1.22%
10. Ontario Province 2.40% 02-Jun-2026 Fixed Income 1.15%
11. Canada Housing Trust No 1 3.60% 15-Dec-2027 Fixed Income 1.07%
12. Quebec Province 2.75% 01-Sep-2025 Fixed Income 0.99%
13. Canada Housing Trust No 1 1.95% 15-Dec-2025 Fixed Income 0.98%
14. Toronto-Dominion Bank 2.67% 09-Sep-2025 Fixed Income 0.88%
15. Canada Government 4.50% 01-Nov-2025 Fixed Income 0.87%

Management team

First we'll display the Team Company and then the Team members
Craig Allardyce
Over 35,000 financial advisors have chosen CI Global Asset Management as a partner. We believe that Canadians have the best opportunity for investments success by using the services of a professional financial advisor. Learn more at ci.com.