CI Preferred Share Fund

Series A CAD
 

Fund overview

This fund invests primarily in a diversified portfolio of preferred shares, from both Canadian and foreign issuers.

Fund details

description of elementelement value
Inception date December 2015
CAD Total net assets ($CAD)
As at 2024-05-30
$31.6 million
NAVPS
As at 2024-06-24
$10.9157
MER (%)
As at 2023-09-30
1.47
Management fee (%) 1.15
Asset class Preferred Share
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0250
Average Credit Rating P2

Risk rating1

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

FUND CODES

A ISC 2346
DSC SO* 3346
LL SO 1346
E 16073
EF 15073
F 4346
I 5346
O 18073
P 90176
*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*
12.80% 2.55% 6.26% 13.14% 18.52% 1.57% 6.12% - 5.03%
*Since inception date

Distribution history3

Payable date Total
2024-06-21 0.0250
2024-05-24 0.0250
2024-04-26 0.0250
2024-03-22 0.0250
2024-02-23 0.0250
Payable date Total
2024-01-26 0.0250
2023-12-22 0.2620
2023-11-24 0.0250
2023-10-27 0.0250
2023-09-22 0.0250

CI PREFERRED PRICING4

Investment amount Combined fee reduction
$100,000 - $500,000 0.05%
$500,000 - $1,000,000 0.11%
$1,000,000 - $2,500,000 0.18%
$2,500,000 - $5,000,000 0.22%
$5,000,000 and above 0.29%

FUND CHARACTERISTICS

Average Coupon % 4.85
Yield 6.21

RATING SUMMARY (%)

P1 12.32
P2 62.36
P3 19.68
P4 5.64
P5 0.00
Average Credit Rating P2

*Corporate and Government bonds only.

CI Preferred Share Fund

Series A CAD
 
Portfolio allocations5 As at 2024-05-31
Asset allocation (%)
  • Canadian Equity 91.78
  • International Equity 2.71
  • Cash and Equivalents 2.50
  • Canadian Corporate Bonds 1.78
  • US Equity 1.24
  • Other -0.01
Sector allocation (%)
  • Financial Services 44.34
  • Energy 17.88
  • Utilities 13.89
  • Telecommunications 9.06
  • Real Estate 5.33
  • Consumer Services 2.89
  • Cash and Cash Equivalent 2.50
  • Fixed Income 1.78
  • Mutual Fund 1.24
  • Other 1.09
Geographic allocation(%)
  • Canada 95.97
  • Bermuda 2.71
  • United States 1.32
Top holdings
Sector (%)
1. Enbridge Inc - Pfd Sr 1 Energy Services and Equipment 3.76%
2. BCE Inc - Pfd Sr AB Diversified Telecommunications 3.15%
3. Cad Cash Sweep Cash and Cash Equivalent 2.87%
4. BCE Inc - Pfd Sr AD Diversified Telecommunications 2.80%
5. TransAlta Corp - Pfd Sr C Electric Utilities 1.63%
6. Brookfield Renewable Partners LP - Pfd Cl A Electric Utilities 1.60%
7. TC Energy Corp - Pfd Sr 1 Energy Services and Equipment 1.57%
8. Capital Power Corp - Pfd Cl A Sr 3 Electric Utilities 1.54%
9. Power Corp of Canada - Pfd Sr A Insurance 1.51%
10. Royal Bank of Canada - Pfd Sr BD Banking 1.51%
11. TransAlta Corp - Pfd Sr E Electric Utilities 1.48%
12. Royal Bank of Canada - Pfd Sr BB Banking 1.47%
13. Manulife Financial Corp - Pfd Sr 2 Insurance 1.47%
14. Bank of Montreal - Pfd Cl B Sr 29 Banking 1.42%
15. Canadian Imperial Bank Commerce - Pfd Cl A Sr 39 Banking 1.42%

Management team

First we'll display the Team Company and then the Team members
John Shaw
Leanne Ongaro
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