CI Global Bond Currency Neutral Fund

Series A CAD
 

Fund overview

This fund’s objective is to provide long-term total return. It invests primarily in fixed income and floating rate securities of governments and companies throughout the world that the portfolio advisor believes offer an attractive yield and opportunity for capital gains. The fund may make large investments in any country, including emerging markets and emerging industries of developed markets, and in high yield securities of developed markets. The fund will use derivatives to minimize the fund’s exposure to foreign currency fluctuations against the Canadian dollar.

Fund details

description of elementelement value
Inception date October 2022
CAD Total net assets ($CAD)
As at 2024-01-31
$109.4 million
NAVPS
As at 2024-02-23
$10.1180
MER (%)
As at 2023-09-30
1.52
Management fee (%) 1.20
Asset class Global Fixed Income
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0147
Average Credit Rating A+

Risk rating1

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

FUND CODES

A ISC 2119
DSC SO* 3119
LL SO 3019
F 4119
I 5119
P 90019
*No new purchases directly into switch only funds.

Performance2 As at 2024-01-31

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*
-0.47% -0.47% 5.98% 2.82% 2.02% - - - 3.82%
*Since inception date

Distribution history3

Payable date Total
2024-02-23 0.0147
2023-12-28 0.0382
2023-11-24 0.0129
2023-10-27 0.0201
2023-09-22 0.0188
Payable date Total
2023-08-25 0.0189
2023-07-28 0.0180
2023-06-23 0.0147
2023-05-26 0.0181
2023-04-21 0.0158

FUND CHARACTERISTICS

Average Coupon % 3.28
Duration 5.69
Yield 4.37

RATING SUMMARY (%)

AAA 51.05
AA 15.69
A 8.42
BBB 15.29
BB 6.31
B 2.66
CC 0.03
Average Credit Rating A+

*Corporate and Government bonds only.

CI Global Bond Currency Neutral Fund

Series A CAD
 
Portfolio allocations4 As at 2024-01-31
Asset allocation (%)
  • Foreign Government Bonds 55.18
  • Foreign Corporate Bonds 22.40
  • Cash and Equivalents 12.02
  • Canadian Government Bonds 8.24
  • Canadian Corporate Bonds 1.40
  • US Equity 0.78
  • Other -0.02
Sector allocation (%)
  • Fixed Income 87.22
  • Cash and Cash Equivalent 12.02
  • Financial Services 0.78
  • Other -0.02
Geographic allocation(%)
  • United States 51.08
  • Canada 14.80
  • France 11.52
  • Germany 9.87
  • Other 5.41
  • Europe 3.67
  • United Kingdom 1.39
  • Mexico 1.06
  • Dominican Republic 0.66
  • Oman 0.54
Top holdings
Sector (%)
1. CI Emerging Markets Bond Fund Series I Mutual Fund 10.07%
2. United States Treasury 4.13% 31-Oct-2027 Fixed Income 8.54%
3. France Government 0.75% 25-Feb-2028 Fixed Income 5.90%
4. France Government 2.00% 25-Nov-2032 Fixed Income 5.62%
5. United States Treasury 4.13% 15-Nov-2032 Fixed Income 5.49%
6. Canada Government 3.00% 01-Nov-2024 Cash and Cash Equivalent 4.59%
7. Germany Government 1.30% 15-Oct-2027 Fixed Income 4.20%
8. Germany Government 1.70% 15-Aug-2032 Fixed Income 4.19%
9. United States Treasury 4.00% 15-Nov-2052 Fixed Income 3.78%
10. Canada Government 2.75% 01-Sep-2027 Fixed Income 3.44%
11. Canada Government 2.00% 01-Jun-2032 Fixed Income 2.12%
12. United States Treasury 4.50% 15-Nov-2033 Fixed Income 1.82%
13. United States Treasury 4.38% 31-Oct-2024 Cash and Cash Equivalent 1.82%
14. United States Treasury 3.88% 15-Aug-2033 Fixed Income 1.35%
15. United Kingdom Government 3.25% 31-Jan-2033 Fixed Income 1.34%

Management team

First we'll display the Team Company and then the Team members
Fernanda Fenton
John Shaw
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