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
Total net assets ($CAD)
As at 2023-11-30
$55.1 million
NAVPS
As at 2023-12-08
$9.4796
MER (%)
As at 2023-03-31
1.14
Management fee (%) 0.85
Asset class Floating Rate Loan
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0573

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 2023-11-30

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*
7.68% 0.94% 1.80% 4.83% 8.17% 4.95% 4.17% - 3.58%
*Since inception date

Distribution history3

Payable date Total
2023-11-24 0.0573
2023-10-27 0.0739
2023-09-22 0.0571
2023-08-25 0.0648
2023-07-28 0.0581
Payable date Total
2023-06-23 0.0517
2023-05-26 0.0558
2023-04-21 0.0619
2023-03-24 0.0680
2023-02-24 0.0428

CI Floating Rate Income Fund

Series A CAD
 
Portfolio allocations4 As at 2023-10-31
Asset allocation (%)
  • Foreign Corporate Bonds 79.89
  • Cash and Equivalents 12.38
  • Canadian Equity 3.36
  • US Equity 3.02
  • Foreign Government Bonds 1.03
  • Canadian Corporate Bonds 0.32
Sector allocation (%)
  • Fixed Income 81.24
  • Cash and Cash Equivalent 12.38
  • Financial Services 3.96
  • Telecommunications 1.67
  • Energy 0.75
Geographic allocation(%)
  • United States 88.75
  • Canada 11.24
  • United Kingdom 0.01
Top holdings
Sector (%)
1. AIR CANADA 7/21 TLB 0.00% 27-Jul-2028 Fixed Income 3.32%
2. BLACKSTONE CQP 5/21 TLB 0.00% 27-May-2028 Fixed Income 3.12%
3. AAdvantage Loyalty IP Ltd 5.50% 15-Mar-2028 Fixed Income 3.10%
4. CASTLELAKE AVIAT 9/21 TLB 0.00% 22-Oct-2026 Fixed Income 3.02%
5. Charter Communications Inc 24-Jan-2027 Fixed Income 2.92%
6. Genworth Financial Inc 7.63% 15-Nov-2066 Fixed Income 2.83%
7. Everest Reinsurance Hldgs Inc 8.01% 01-May-2067 Fixed Income 2.72%
8. JPMorgan Chase & Co - Pfd Sr Q Banking 2.60%
9. SETANTA AIRCRAF 11/21 TLB 0.00% 05-Nov-2028 Fixed Income 2.59%
10. SCIENTIFIC GAMES TLB 0.00% 14-Apr-2029 Fixed Income 2.58%
11. MEDLINE INDUSTRI 9/21 TLB 0.00% 30-Sep-2028 Fixed Income 2.54%
12. Virgin Media Invmt Hldgs Ltd 14-Jan-2028 Fixed Income 2.52%
13. CARNIVAL 10/21 TLB 0.00% 08-Oct-2028 Fixed Income 2.50%
14. USB REALTY CORP 144A 6.80% 31-Dec-2049 Fixed Income 2.47%
15. STANDARD CHARTERED PLC REGS 7.16% 31-Dec-2049 Fixed Income 2.33%

Management team

First we'll display the Team Company and then the Team members
Geof Marshall
Darren Arrowsmith
Over 35,000 financial advisors have chosen CI Global Asset Management as a partner. We believe that Canadians have the best opportunity for investments success by using the services of a professional financial advisor. Learn more at ci.com.