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 2022-08-31
$66.4 million
NAVPS
As at 2022-09-26
$19.5255
MER (%) Information not available
Management fee (%) 0.35
Units outstanding
As at 2022-09-26
525,000
Asset class Floating Rate Loan
Currency CAD
CUSIP 17163R107
Distribution frequency Monthly
Last distribution $0.0507

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 2022-08-31

*Fund performance is not available for funds with a history of less than one year.

Distribution history3

Payable date Total
2022-09-22 0.0507
2022-08-24 0.1125
2022-07-22 0.0441
2022-06-23 0.0406
2022-05-24 0.0099

Management team

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

CI Floating Rate Income Fund

TSX TICKER : CFRT
 
Portfolio allocations4 As at 2022-08-31
Asset allocation (%)
  • Foreign Corporate Bonds 82.87
  • Cash and Equivalents 12.86
  • Canadian Equity 1.92
  • Canadian Corporate Bonds 1.63
  • US Equity 0.71
  • Other 0.01
Sector allocation (%)
  • Fixed Income 84.50
  • Cash and Cash Equivalent 12.86
  • Telecommunications 1.14
  • Energy 0.61
  • Mutual Fund 0.45
  • Financial Services 0.26
  • Utilities 0.17
  • Other 0.01
Geographic allocation(%)
  • United States 86.03
  • Canada 12.46
  • United Kingdom 1.50
  • Other 0.01
Top holdings
Sector (%)
1. General Electric Co 5.16% 31-Dec-2049 Fixed Income 3.16%
2. JPMORGAN CHASE & CO 6.28% 31-Dec-2049 Fixed Income 2.94%
3. SCIENTIFIC GAMES TLB 0.00% 07-Apr-2029 Fixed Income 2.64%
4. AIR CANADA 7/21 TLB 0.00% 27-Jul-2028 Fixed Income 2.41%
5. Genworth Holdings Inc 4.80% 15-Feb-2024 Fixed Income 2.34%
6. Grizzly Acquisitions Inc 24-Sep-2025 Fixed Income 2.20%
7. Charter Communications Inc 24-Jan-2027 Fixed Income 2.13%
8. AAdvantage Loyalty IP Ltd 0.00% 15-Mar-2028 Fixed Income 2.06%
9. BLACKSTONE CQP 5/21 TLB 0.00% 27-May-2028 Fixed Income 2.02%
10. INTRAWEST/AL TLB 0.00% 17-Aug-2028 Fixed Income 1.90%
11. SETANTA AIRCRAF 11/21 TLB 0.00% 05-Nov-2028 Fixed Income 1.89%
12. Virgin Media Invmt Hldgs Ltd 14-Jan-2028 Fixed Income 1.88%
13. CANADA GOOSE 3/21 TLB 0.00% 07-Oct-2027 Fixed Income 1.88%
14. INGRAM MICRO 7/21 TLB 0.00% 02-Jul-2028 Fixed Income 1.84%
15. CINEMARK USA 3/18 CL TLB 0.00% 29-Mar-2025 Fixed Income 1.83%
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.