CI Floating Rate Income Fund

Series A CAD
 

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 June 2017
CAD Total net assets ($CAD)
As at 2025-08-29
$92.0 million
NAVPS
As at 2025-09-15
$9.6119
MER (%)
As at 2025-03-31
1.12
Management fee (%) 0.85
Asset class Floating Rate Loan
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0353
Average Credit Rating BB+

Risk rating1

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

FUND CODES

A ISC 70186
DSC SO* 70286
LL SO 70086
E 16086
EF 15086
F 80186
I 5347
O 18086
P 90186
*No new purchases directly into switch only funds.

Performance2 As at 2025-08-31

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*
2.19% 0.20% 1.32% 1.32% 5.17% 7.13% 6.01% - 4.28%
*Since inception date

Distribution history3

Payable date Total
2025-08-22 0.0353
2025-07-25 0.0397
2025-06-27 0.0364
2025-05-23 0.0376
2025-04-25 0.0415
Payable date Total
2025-03-28 0.0402
2025-02-21 0.0408
2025-01-24 0.0351
2024-12-13 0.0593
2024-11-22 0.0413

FUND CHARACTERISTICS

Duration 0.36
Yield 6.04

RATING SUMMARY (%)

AAA 2.37
AA 1.96
A 0.75
BBB 30.80
BB 38.30
B 23.08
CCC 0.72
NR 2.02
Average Credit Rating BB+

*Corporate and Government bonds only.

CI Floating Rate Income Fund

Series A CAD
 
Portfolio allocations4 As at 2025-08-31
Asset allocation (%)
  • Foreign Corporate Bonds 55.87
  • Cash and Equivalents 25.75
  • Canadian Corporate Bonds 8.53
  • Canadian Government Bonds 2.87
  • Foreign Bonds - Other 2.57
  • Canadian Equity 1.81
  • Foreign Government Bonds 1.41
  • Mortgages 0.50
  • International Equity 0.45
  • Other 0.24
Sector allocation (%)
  • Fixed Income 71.30
  • Cash and Cash Equivalent 25.75
  • Telecommunications 1.03
  • Financial Services 0.60
  • Technology 0.45
  • Energy 0.45
  • Industrial Goods 0.45
  • Other -0.03
Geographic allocation(%)
  • United States 76.23
  • Canada 23.34
  • Bermuda 0.45
  • United Kingdom 0.01
  • Other -0.03
Top holdings5
Sector (%)
1. CANADIAN TREASURY BILL Fixed Income 2.87%
2. AVOLON 9/24 B6 TL 0.00% 03-Oct-2030 Fixed Income 1.95%
3. Genworth Financial Inc 6.59% 15-Nov-2066 Fixed Income 1.85%
4. AIR CANADA 3/24TLB 0.00% 17-Mar-2031 Fixed Income 1.81%
5. Invesco Senior Loan ETF (BKLN) Fixed Income 1.76%
6. Everest Reinsurance Hldgs Inc 6.97% 29-Jun-2025 Cash and Cash Equivalent 1.69%
7. Janus Henderson AAA CLO ETF (JAAA) Fixed Income 1.61%
8. CHARTER COMM 11/24 TLB 0.00% 15-Dec-2031 Fixed Income 1.59%
9. BLACKSTONE CQP 12/24 TL 0.00% 31-Dec-2030 Fixed Income 1.55%
10. MEDLINE INDUSTRY 7/25 TL 0.00% 23-Oct-2030 Fixed Income 1.54%
11. USB REALTY CORP 144A 5.73% 31-Dec-2049 Fixed Income 1.52%
12. Enerflex Ltd 9.00% 15-Oct-2027 Fixed Income 1.46%
13. QUIKRETE 2/25 CL TLB4 0.00% 31-Jan-2032 Fixed Income 1.43%
14. AMWINS 1/25 TLB 0.00% 23-Jan-2032 Fixed Income 1.42%
15. General Motors Fncl Canada Ltd 3.15% 08-Jan-2027 Fixed Income 1.41%

Management team

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