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 2025-04-29
$80.5 million
NAVPS
As at 2025-05-20
$9.5912
MER (%)
As at 2024-09-30
1.13
Management fee (%) 0.85
Asset class Floating Rate Loan
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0415
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 2025-04-30

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*
-0.30% -0.90% -1.00% 1.44% 4.55% 6.14% 6.81% - 4.14%
*Since inception date

Distribution history3

Payable date Total
2025-04-25 0.0415
2025-03-28 0.0402
2025-02-21 0.0408
2025-01-24 0.0351
2024-12-13 0.0593
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

FUND CHARACTERISTICS

Duration 0.39
Yield 6.51

RATING SUMMARY (%)

AAA 2.64
AA 0.36
A 2.00
BBB 25.53
BB 40.33
B 24.83
CC 0.02
NR 3.47
Average Credit Rating BB

*Corporate and Government bonds only.

CI Floating Rate Income Fund

Series A CAD
 
Portfolio allocations4 As at 2025-04-30
Asset allocation (%)
  • Foreign Corporate Bonds 54.14
  • Cash and Equivalents 35.17
  • Canadian Equity 4.23
  • Foreign Government Bonds 2.49
  • Foreign Bonds - Other 2.08
  • Canadian Corporate Bonds 0.93
  • Mortgages 0.60
  • US Equity 0.30
  • Other 0.06
Sector allocation (%)
  • Fixed Income 59.73
  • Cash and Cash Equivalent 35.17
  • Financial Services 3.05
  • Telecommunications 0.99
  • Technology 0.51
  • Energy 0.49
  • Other 0.06
Geographic allocation(%)
  • United States 75.31
  • Canada 24.62
  • Other 0.06
  • United Kingdom 0.01
Top holdings5
Sector (%)
1. AVOLON 9/24 B6 TL 0.00% 03-Oct-2030 Fixed Income 2.25%
2. AIR CANADA 3/24TLB 0.00% 17-Mar-2031 Fixed Income 2.08%
3. Citigroup Inc 5.95% 31-Dec-2049 Fixed Income 2.06%
4. Genworth Financial Inc 6.59% 15-Nov-2066 Fixed Income 1.97%
5. Everest Reinsurance Hldgs Inc 6.97% 31-May-2025 Cash and Cash Equivalent 1.94%
6. CHARTER COMM 11/24 TLB 0.00% 15-Dec-2031 Fixed Income 1.84%
7. AMR/AADVANTAGE 2/25 TLB 0.00% 20-Apr-2028 Fixed Income 1.82%
8. BLACKSTONE CQP 12/24 TL 0.00% 31-Dec-2030 Fixed Income 1.79%
9. MEDLINE INDUSTRIES/MOZART 5/24 ADD-ON TL 0.00% 23-Oct-2028 Fixed Income 1.78%
10. USB REALTY CORP 144A 5.66% 31-Dec-2049 Fixed Income 1.71%
11. AMWINS 1/25 TLB 0.00% 23-Jan-2032 Fixed Income 1.64%
12. Virgin Media Invmt Hldgs Ltd 14-Jan-2028 Fixed Income 1.63%
13. QUIKHO TL B 1L USD Corp 0.00% 31-Jan-2032 Fixed Income 1.62%
14. Janus Henderson AAA CLO ETF (JAAA) Fixed Income 1.55%
15. STANDARD CHARTERED PLC REGS 6.05% 31-Dec-2049 Fixed Income 1.53%

Management team

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