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 2024-01-31
$328.1 million
NAVPS
As at 2024-02-23
$9.2236
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 2024-01-31

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*
1.42% 1.42% 7.52% 5.75% 8.32% 1.75% 3.36% 3.85% 4.27%
*Since inception date

Distribution history3

Payable date Total
2024-02-23 0.0400
2024-01-26 0.0400
2023-12-15 0.0400
2023-11-24 0.0400
2023-10-27 0.0400
Payable date Total
2023-09-22 0.0400
2023-08-25 0.0400
2023-07-28 0.0400
2023-06-23 0.0400
2023-05-26 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 % 5.98
Duration 2.87
Yield 7.53

RATING SUMMARY (%)

AAA 1.53
AA 0.07
A 0.28
BBB 19.41
BB 35.18
B 32.71
NR 5.71
Average Credit Rating BB-

*Corporate and Government bonds only.

CI High Yield Bond Fund

Series A CAD
 
Portfolio allocations5 As at 2024-01-31
Asset allocation (%)
  • Foreign Corporate Bonds 42.51
  • Cash and Equivalents 31.36
  • Canadian Corporate Bonds 18.56
  • Canadian Equity 3.45
  • US Equity 2.47
  • Foreign Government Bonds 1.43
  • Canadian Government Bonds 0.23
  • International Equity 0.03
  • Other -0.04
Sector allocation (%)
  • Fixed Income 62.29
  • Cash and Cash Equivalent 31.36
  • Financial Services 3.10
  • Energy 0.96
  • Consumer Goods 0.58
  • Consumer Services 0.44
  • Telecommunications 0.41
  • Mutual Fund 0.31
  • Real Estate 0.30
  • Other 0.25
Geographic allocation(%)
  • United States 66.91
  • Canada 28.62
  • Cayman Islands 2.63
  • Other 1.81
  • Bermuda 0.02
  • United Kingdom 0.01
Top holdings
Sector (%)
1. Cad Cash Sweep Cash and Cash Equivalent 4.53%
2. Citigroup Inc 3.88% 18-May-2172 Banking 1.85%
3. Royal Bank Of Canada 7.41% 24-Aug-2172 Fixed Income 1.53%
4. Fairfax India Holdings Corp 5.00% 26-Dec-2027 Fixed Income 1.52%
5. United States Treasury 3.88% 15-Aug-2033 Fixed Income 1.43%
6. Enbridge Inc 6.25% 01-Mar-2028 Fixed Income 1.22%
7. Usd Cash Sweep Cash and Cash Equivalent 1.16%
8. Inter Pipeline Ltd 6.88% 26-Mar-2029 Fixed Income 1.16%
9. Inter Pipeline Ltd 6.63% 19-Nov-2029 Fixed Income 1.15%
10. Enbridge Inc 6.00% 15-Jan-2027 Fixed Income 1.14%
11. Venture Global Clcsieu Pss LLC 3.88% 01-May-2033 Fixed Income 1.10%
12. Husky III Holding Ltd 13.00% 01-Feb-2024 Cash and Cash Equivalent 1.04%
13. Toronto-Dominion Bank 5.75% PERP Fixed Income 1.00%
14. Cineplex Inc 7.50% 17-Jan-2024 Cash and Cash Equivalent 0.97%
15. Medline Borrower LP 3.88% 01-Oct-2024 Cash and Cash Equivalent 0.95%

Management team

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