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 2024-10-30
$68.1 million
NAVPS
As at 2024-12-10
$9.6953
MER (%)
As at 2024-03-31
1.13
Management fee (%) 0.85
Asset class Floating Rate Loan
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0413
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 2024-11-30

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*
7.85% 0.85% 2.00% 3.31% 9.09% 5.46% 5.05% - 4.30%
*Since inception date

Distribution history3

Payable date Total
2024-11-22 0.0413
2024-10-25 0.0494
2024-09-27 0.0463
2024-08-23 0.0456
2024-07-26 0.0545
Payable date Total
2024-06-21 0.0510
2024-05-24 0.0527
2024-04-26 0.0598
2024-03-22 0.0538
2024-02-23 0.0494

FUND CHARACTERISTICS

Duration 0.37
Yield 6.67

RATING SUMMARY (%)

AAA 3.72
AA 1.23
A 0.36
BBB 26.58
BB 35.51
B 27.39
NR 4.38
Average Credit Rating BB+

*Corporate and Government bonds only.

CI Floating Rate Income Fund

Series A CAD
 
Portfolio allocations4 As at 2024-10-31
Asset allocation (%)
  • Foreign Corporate Bonds 63.56
  • Cash and Equivalents 22.96
  • Canadian Equity 7.27
  • Foreign Government Bonds 2.79
  • Canadian Corporate Bonds 1.39
  • Foreign Bonds - Other 0.98
  • Canadian Bonds - Other 0.72
  • US Equity 0.37
  • Other -0.04
Sector allocation (%)
  • Fixed Income 69.24
  • Cash and Cash Equivalent 22.96
  • Financial Services 5.96
  • Telecommunications 0.94
  • Energy 0.74
  • Technology 0.20
  • Other -0.04
Geographic allocation(%)
  • United States 81.27
  • Canada 18.76
  • United Kingdom 0.01
  • Other -0.04
Top holdings
Sector (%)
1. AIR CANADA 3/24TLB 0.00% 17-Mar-2031 Fixed Income 2.58%
2. Genworth Financial Inc 7.38% 15-Nov-2066 Fixed Income 2.48%
3. Everest Reinsurance Hldgs Inc 7.76% 29-Nov-2024 Cash and Cash Equivalent 2.41%
4. CASTLELAKE AVIAT 9/21 TLB 0.00% 22-Oct-2026 Fixed Income 2.34%
5. Charter Communications Inc 24-Jan-2027 Fixed Income 2.26%
6. BLACKSTONE CQP 6/24 TL 0.00% 31-Dec-2030 Fixed Income 2.20%
7. USB REALTY CORP 144A 5.99% 31-Dec-2049 Fixed Income 2.09%
8. AVOLON 9/24 B6 TL 0.00% 03-Oct-2030 Fixed Income 2.00%
9. Virgin Media Invmt Hldgs Ltd 14-Jan-2028 Fixed Income 1.96%
10. CANADA GOOSE 3/21 TLB 0.00% 07-Oct-2027 Fixed Income 1.88%
11. STANDARD CHARTERED PLC REGS 6.36% 31-Dec-2049 Fixed Income 1.83%
12. AAdvantage Loyalty IP Ltd 0.00% 15-Mar-2028 Fixed Income 1.81%
13. MEDLINE INDUSTRY 3/24 TLB 0.00% 23-Oct-2028 Fixed Income 1.80%
14. AMWINS 2/21 TLB 0.00% 19-Feb-2028 Fixed Income 1.79%
15. IAMGOLD 2L TL B SOFR+825bp (200 bp floor) 05/15/28 0.00%
15-May-2028
Fixed Income 1.67%

Management team

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