CI Floating Rate Income Fund

Series F 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 2023-02-28
$79.5 million
NAVPS
As at 2023-03-30
$9.4049
MER (%)
As at 2022-09-30
0.58
Management fee (%) 0.35
Asset class Floating Rate Loan
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0723

Risk rating1

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

FUND CODES

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

Performance2 As at 2023-02-28

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*
3.02% 0.48% 3.54% 4.79% 4.00% 4.11% 3.93% - 3.78%
*Since inception date

Distribution history3

Payable date Total
2023-03-24 0.0723
2023-02-24 0.0471
2022-12-16 0.0531
2022-11-25 0.0413
2022-10-28 0.0457
Payable date Total
2022-09-23 0.0374
2022-08-26 0.0408
2022-07-22 0.0356
2022-06-24 0.0310
2022-05-27 0.0213

CI PREFERRED PRICING4

Investment amount Combined fee reduction
$100,000 - $500,000 0.05%
$500,000 - $1,000,000 0.11%
$1,000,000 - $2,500,000 0.28%
$2,500,000 - $5,000,000 0.32%
$5,000,000 and above 0.39%

Management team

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

CI Floating Rate Income Fund

Series F CAD
 
Portfolio allocations5 As at 2023-02-28
Asset allocation (%)
  • Foreign Corporate Bonds 84.28
  • Cash and Equivalents 10.49
  • US Equity 2.33
  • Canadian Equity 1.82
  • Canadian Corporate Bonds 1.08
Sector allocation (%)
  • Fixed Income 85.36
  • Cash and Cash Equivalent 10.49
  • Financial Services 1.94
  • Telecommunications 1.28
  • Energy 0.54
  • Mutual Fund 0.39
Geographic allocation(%)
  • United States 87.75
  • Canada 12.25
Top holdings
Sector (%)
1. GENERAL ELECTRIC CO 8.10% 31-Dec-2049 Fixed Income 2.93%
2. AAdvantage Loyalty IP Ltd 5.50% 15-Mar-2028 Fixed Income 2.40%
3. CANADA GOOSE 3/21 TLB 0.00% 07-Oct-2027 Fixed Income 2.35%
4. SCIENTIFIC GAMES TLB 0.00% 07-Apr-2029 Fixed Income 2.33%
5. AIR CANADA 7/21 TLB 0.00% 27-Jul-2028 Fixed Income 2.17%
6. UNITED AIRLINES INC TLB 0.00% 14-Apr-2028 Fixed Income 2.05%
7. CASTLELAKE AVIAT 9/21 TLB 0.00% 22-Oct-2026 Fixed Income 1.96%
8. Grizzly Acquisitions Inc 24-Sep-2025 Fixed Income 1.94%
9. Charter Communications Inc 24-Jan-2027 Fixed Income 1.89%
10. Everest Reinsurance Hldgs Inc 7.25% 01-May-2067 Fixed Income 1.88%
11. CITIGROUP INC 5.90% 31-Dec-2049 Fixed Income 1.81%
12. BLACKSTONE CQP 5/21 TLB 0.00% 27-May-2028 Fixed Income 1.79%
13. Spirit IP Cayman Ltd 8.00% 20-Sep-2025 Fixed Income 1.78%
14. USB REALTY CORP 144A 5.96% 31-Dec-2049 Fixed Income 1.76%
15. Genworth Financial Inc 6.87% 15-Nov-2066 Fixed Income 1.74%
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