CI High Yield Bond Fund

Series A CAD
 

Fund overview

The fund invests in high-yield corporate bonds and other income-producing securities throughout the world.

Fund details

description of elementelement value
Inception date July 2013
CAD Total net assets ($CAD)
As at 2024-05-30
$364.6 million
NAVPS
As at 2024-06-14
$9.3501
MER (%)
As at 2023-09-30
1.92
Management fee (%) 1.35
Asset class High Yield Bond
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0400
Average Credit Rating BB-

Risk rating1

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

FUND CODES

A ISC 2634
DSC SO* 3634
LL SO 1634
E 16082
EF 15082
F 4634
I 5634
O 18082
P 90173
*No new purchases directly into switch only funds.

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*
3.93% 1.09% 1.97% 6.37% 12.01% 1.58% 3.21% 3.82% 4.37%
*Since inception date

Distribution history3

Payable date Total
2024-05-24 0.0400
2024-04-26 0.0400
2024-03-22 0.0400
2024-02-23 0.0400
2024-01-26 0.0400
Payable date Total
2023-12-15 0.0400
2023-11-24 0.0400
2023-10-27 0.0400
2023-09-22 0.0400
2023-08-25 0.0400

CI PREFERRED PRICING4

Investment amount Combined fee reduction
$100,000 - $500,000 0.00%
$500,000 - $1,000,000 0.00%
$1,000,000 - $2,500,000 0.13%
$2,500,000 - $5,000,000 0.18%
$5,000,000 and above 0.25%

FUND CHARACTERISTICS

Average Coupon % 6.08
Duration 3.04
Yield 7.53

RATING SUMMARY (%)

AAA 1.31
AA 0.07
A 0.26
BBB 17.40
BB 42.22
B 31.60
NR 4.34
Average Credit Rating BB-

*Corporate and Government bonds only.

CI High Yield Bond Fund

Series A CAD
 
Portfolio allocations5 As at 2024-05-31
Asset allocation (%)
  • Foreign Corporate Bonds 69.31
  • Canadian Corporate Bonds 17.73
  • Cash and Equivalents 6.90
  • Canadian Equity 3.21
  • Foreign Government Bonds 1.24
  • Canadian Government Bonds 1.07
  • US Equity 0.52
  • International Equity 0.03
  • Other -0.01
Sector allocation (%)
  • Fixed Income 89.06
  • Cash and Cash Equivalent 6.90
  • Financial Services 1.12
  • Energy 0.82
  • Consumer Goods 0.62
  • Telecommunications 0.37
  • Real Estate 0.30
  • Consumer Services 0.29
  • Mutual Fund 0.28
  • Utilities 0.24
Geographic allocation(%)
  • United States 71.19
  • Canada 26.58
  • Cayman Islands 2.21
  • Bermuda 0.02
  • United Kingdom 0.01
  • Other -0.01
Top holdings
Sector (%)
1. Cad Cash Sweep Cash and Cash Equivalent 4.59%
2. Citigroup Inc 3.88% 18-May-2173 Fixed Income 1.71%
3. Royal Bank Of Canada 7.41% 24-Aug-2172 Fixed Income 1.63%
4. Fairfax India Holdings Corp 5.00% 26-Feb-2028 Fixed Income 1.44%
5. United States Treasury 3.88% 15-Aug-2033 Fixed Income 1.24%
6. Inter Pipeline Ltd 6.63% 19-Nov-2079 Fixed Income 1.15%
7. Inter Pipeline Ltd 6.88% 26-Mar-2079 Fixed Income 1.15%
8. Enbridge Inc 6.25% 01-Mar-2028 Fixed Income 1.11%
9. Venture Global Clcsieu Pss LLC 3.88% 01-Nov-2033 Fixed Income 1.07%
10. Enbridge Inc 6.00% 15-Jan-2027 Fixed Income 1.03%
11. Medline Borrower LP 3.88% 01-Apr-2029 Fixed Income 1.02%
12. Empire Communities Corp 9.75% 01-May-2029 Fixed Income 1.00%
13. Royal Caribbean Cruises Ltd 6.25% 15-Mar-2032 Fixed Income 0.95%
14. Toronto-Dominion Bank 5.75% PERP Fixed Income 0.95%
15. Barclays Bank Plc 6.28% 15-Dec-2171 Fixed Income 0.94%

Management team

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