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 2024-06-28
$53.5 million
NAVPS
As at 2024-06-28
$46.5255
Market price
As at 2024-06-28
$46.5300
MER (%)
As at 2023-12-31
0.19
Management fee (%) 0.07
Units outstanding
As at 2024-06-28
1,150,000
Asset class Canadian Fixed Income
Currency CAD
CUSIP 17166P108
Distribution frequency Monthly
Last distribution $0.1197
Average Duration (ex-CDX) 2.63
Average Credit Rating AA

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 2024-05-31

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*
1.13% 0.88% 1.00% 2.48% 4.86% 0.23% 1.18% - 1.45%
*Since inception date

Distribution history3

Payable date Total
2024-06-24 0.1197
2024-05-23 0.0909
2024-04-23 0.1080
2024-03-21 0.1134
2024-02-22 0.1124
Payable date Total
2024-01-24 0.0796
2023-12-20 0.1300
2023-11-23 0.1109
2023-10-24 0.1026
2023-09-22 0.1137

FUND CHARACTERISTICS

Average Coupon % 3.14
Average Duration (ex-CDX) 2.63
Current Yield % 3.19
Yield to Worst % 4.36
Years to Maturity 2.86
Issuer Federal % 31.60
Issuer Government Related % 35.20
Issuer Corporate % 33.10
Average price 97.51

RATING SUMMARY (%)

AAA 50.47
AA 18.87
A 17.70
BBB 12.95
Average Credit Rating AA

*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 2024-05-31
Asset allocation (%)
  • Canadian Government Bonds 65.34
  • Canadian Corporate Bonds 32.79
  • Cash and Equivalents 0.83
  • Foreign Government Bonds 0.39
  • Mortgages 0.24
  • Canadian Bonds - Other 0.24
  • Other 0.17
Sector allocation (%)
  • Fixed Income 98.96
  • Cash and Cash Equivalent 0.83
  • Other 0.17
  • Financial Services 0.04
Geographic allocation(%)
  • Canada 99.44
  • United States 0.39
  • Other 0.17
Top holdings
Sector (%)
1. Canada Government 4.00% 01-Mar-2029 Fixed Income 3.05%
2. Canada Government 4.00% 01-May-2026 Fixed Income 2.88%
3. Canada Government 4.50% 01-Feb-2026 Fixed Income 2.58%
4. Canada Government 0.50% 01-Sep-2025 Fixed Income 2.29%
5. Canada Government 4.50% 01-Nov-2025 Fixed Income 2.20%
6. Canada Government 3.25% 01-Sep-2028 Fixed Income 2.19%
7. Canada Government 3.50% 01-Aug-2025 Fixed Income 1.99%
8. Canada Government 2.75% 01-Sep-2027 Fixed Income 1.73%
9. Canada Government 1.25% 01-Mar-2027 Fixed Income 1.66%
10. Canada Housing Trust No 1 3.60% 15-Dec-2027 Fixed Income 1.66%
11. Canada Government 3.50% 01-Mar-2028 Fixed Income 1.66%
12. Ontario Province 2.60% 02-Jun-2025 Fixed Income 1.54%
13. Canada Government 1.00% 01-Sep-2026 Fixed Income 1.52%
14. Canada Housing Trust No 1 1.90% 15-Sep-2026 Fixed Income 1.43%
15. Canada Government 0.25% 01-Mar-2026 Fixed Income 1.39%

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.