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 2024-05-31
$60.2 million
NAVPS
As at 2024-06-14
$9.6330
MER (%)
As at 2023-09-30
1.18
Management fee (%) 0.85
Asset class Floating Rate Loan
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0527
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 2024-05-31

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*
4.39% 0.61% 2.49% 5.59% 10.69% 4.89% 4.89% - 4.12%
*Since inception date

Distribution history3

Payable date Total
2024-05-24 0.0527
2024-04-26 0.0598
2024-03-22 0.0538
2024-02-23 0.0494
2024-01-26 0.0473
Payable date Total
2023-12-15 0.0739
2023-11-24 0.0573
2023-10-27 0.0739
2023-09-22 0.0571
2023-08-25 0.0648

FUND CHARACTERISTICS

Duration 0.40
Yield 7.84

RATING SUMMARY (%)

AAA 0.79
AA 1.26
A 1.06
BBB 27.73
BB 40.67
B 27.02
NR 1.48
Average Credit Rating BB

*Corporate and Government bonds only.

CI Floating Rate Income Fund

Series A CAD
 
Portfolio allocations4 As at 2024-05-31
Asset allocation (%)
  • Foreign Corporate Bonds 67.12
  • Cash and Equivalents 19.22
  • Canadian Equity 8.12
  • Foreign Government Bonds 3.13
  • Canadian Corporate Bonds 1.99
  • US Equity 0.43
  • Other -0.01
Sector allocation (%)
  • Fixed Income 71.99
  • Cash and Cash Equivalent 19.22
  • Financial Services 6.12
  • Telecommunications 1.68
  • Energy 0.75
  • Technology 0.25
  • Other -0.01
Geographic allocation(%)
  • United States 84.77
  • Canada 14.64
  • Cayman Islands 0.59
  • United Kingdom 0.01
  • Other -0.01
Top holdings
Sector (%)
1. AIR CANADA 3/24TLB 0.00% 17-Mar-2031 Fixed Income 2.90%
2. Genworth Financial Inc 7.57% 15-Nov-2066 Fixed Income 2.80%
3. Everest Reinsurance Hldgs Inc 7.95% 13-Apr-2024 Cash and Cash Equivalent 2.65%
4. CASTLELAKE AVIAT 9/21 TLB 0.00% 22-Oct-2026 Fixed Income 2.62%
5. Charter Communications Inc 24-Jan-2027 Fixed Income 2.53%
6. BLKCQP TL B 1L USD 0.00% 31-Dec-2030 Fixed Income 2.46%
7. AAdvantage Loyalty IP Ltd 0.00% 15-Mar-2028 Fixed Income 2.33%
8. USB REALTY CORP 144A 6.73% 31-Dec-2049 Fixed Income 2.30%
9. AVOLON 6/23 B6 COV-LITE TLB 0.00% 22-Jun-2028 Fixed Income 2.25%
10. Virgin Media Invmt Hldgs Ltd 14-Jan-2028 Fixed Income 2.19%
11. STANDARD CHARTERED PLC REGS 7.10% 31-Dec-2049 Fixed Income 2.11%
12. CANADA GOOSE 3/21 TLB 0.00% 07-Oct-2027 Fixed Income 2.09%
13. MEDLINE INDUSTRY 3/24 TLB 0.00% 23-Oct-2028 Fixed Income 2.02%
14. AMWINS 2/21 TLB 0.00% 19-Feb-2028 Fixed Income 2.01%
15. Delta Air Lines Inc 2.90% 28-Sep-2024 Cash and Cash Equivalent 1.90%

Management team

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