CI Floating Rate Income Fund

TSX TICKER : CFRT
 

Fund overview

The fund’s objective is to generate income by investing in floating rate debt instruments of issuers located anywhere in the world. The fund will also purchase fixed-income debt instruments and money market securities of domestic and foreign issuers.

Fund details

description of elementelement value
Inception date April 2022
Total net assets ($CAD)
As at 2025-06-12
$4.6 million
NAVPS
As at 2025-06-12
$20.7500
MER (%)
As at 2024-09-30
0.57
Management fee (%) 0.35
Units outstanding
As at 2025-06-12
225,000
Asset class Floating Rate Loan
Currency CAD
CUSIP 17163R107
Distribution frequency Monthly
Last distribution $0.0891
Average Credit Rating BB

Risk rating1

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

Investor suitability

For those who:
  • want to receive income
  • are investing for the medium term
  • can tolerate low to medium risk

Performance2 As at 2025-05-31

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*
1.08% 1.21% 0.13% 2.04% 5.71% 7.66% - - 6.64%
*Since inception date

Distribution history3

Ex-Date Total
2025-05-27 0.0891
2025-04-24 0.0949
2025-03-25 0.0873
2025-02-24 0.0922
2025-01-27 0.0784
Ex-Date Total
2024-12-23 0.1100
2024-11-25 0.0797
2024-10-25 0.0898
2024-09-23 0.0872
2024-08-26 0.0850

FUND CHARACTERISTICS

Duration 0.37
Yield 6.25

RATING SUMMARY (%)

AAA 0.70
AA 2.23
A 2.18
BBB 27.30
BB 36.76
B 25.45
CC 0.04
NR 4.54
Average Credit Rating BB

*Corporate and Government bonds only.

CI Floating Rate Income Fund

TSX TICKER : CFRT
 
Portfolio allocations4 As at 2025-05-31
Asset allocation (%)
  • Foreign Corporate Bonds 56.77
  • Cash and Equivalents 33.97
  • Canadian Equity 3.86
  • Foreign Government Bonds 1.97
  • Foreign Bonds - Other 1.65
  • Canadian Corporate Bonds 0.91
  • Mortgages 0.59
  • US Equity 0.31
  • Other -0.03
Sector allocation (%)
  • Fixed Income 61.39
  • Cash and Cash Equivalent 33.97
  • Financial Services 2.64
  • Telecommunications 1.06
  • Technology 0.50
  • Energy 0.47
  • Other -0.03
Geographic allocation(%)
  • United States 77.19
  • Canada 22.83
  • United Kingdom 0.01
  • Other -0.03
Top holdings5
Sector (%)
1. AVOLON 9/24 B6 TL 0.00% 03-Oct-2030 Fixed Income 2.21%
2. AIR CANADA 3/24TLB 0.00% 17-Mar-2031 Fixed Income 2.05%
3. Genworth Financial Inc 6.59% 15-Nov-2066 Fixed Income 2.02%
4. Everest Reinsurance Hldgs Inc 6.97% 29-Jun-2025 Cash and Cash Equivalent 1.93%
5. AMR/AADVANTAGE 2/25 TLB 0.00% 20-Apr-2028 Fixed Income 1.80%
6. CHARTER COMM 11/24 TLB 0.00% 15-Dec-2031 Fixed Income 1.80%
7. BLACKSTONE CQP 12/24 TL 0.00% 31-Dec-2030 Fixed Income 1.76%
8. MEDLINE INDUSTRIES/MOZART 5/24 ADD-ON TL 0.00% 23-Oct-2028 Fixed Income 1.75%
9. USB REALTY CORP 144A 5.66% 31-Dec-2049 Fixed Income 1.71%
10. Janus Henderson AAA CLO ETF (JAAA) Fixed Income 1.65%
11. AMWINS 1/25 TLB 0.00% 23-Jan-2032 Fixed Income 1.61%
12. QUIKRETE 2/25 CL TLB4 0.00% 31-Jan-2032 Fixed Income 1.61%
13. Invesco Senior Loan ETF (BKLN) Fixed Income 1.59%
14. Virgin Media Invmt Hldgs Ltd 14-Jan-2028 Fixed Income 1.59%
15. United States Treasury 2.50% 15-Jan-2029 Fixed Income 1.53%

Management team

First we'll display the Team Company and then the Team members
Geof Marshall
Darren Arrowsmith
Brad Benson
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.