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 2023-08-31
$57.0 million
NAVPS
As at 2023-10-02
$9.4506
MER (%)
As at 2023-03-31
0.58
Management fee (%) 0.35
Asset class Floating Rate Loan
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0614

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 2023-09-30

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*
6.17% 1.05% 3.11% 3.05% 7.99% 5.92% 4.10% - 3.97%
*Since inception date

Distribution history3

Payable date Total
2023-09-22 0.0614
2023-08-25 0.0691
2023-07-28 0.0624
2023-06-23 0.0560
2023-05-26 0.0600
Payable date Total
2023-04-21 0.0662
2023-03-24 0.0723
2023-02-24 0.0471
2023-01-27 0.0464
2022-12-16 0.0531

CI Floating Rate Income Fund

Series F CAD
 
Portfolio allocations4 As at 2023-08-31
Asset allocation (%)
  • Foreign Corporate Bonds 86.66
  • Cash and Equivalents 7.01
  • Canadian Equity 3.29
  • US Equity 2.73
  • Canadian Corporate Bonds 0.29
  • Other 0.02
Sector allocation (%)
  • Fixed Income 86.95
  • Cash and Cash Equivalent 7.01
  • Financial Services 3.64
  • Telecommunications 1.69
  • Energy 0.69
  • Other 0.02
Geographic allocation(%)
  • United States 89.23
  • Canada 10.74
  • Other 0.02
  • United Kingdom 0.01
Top holdings
Sector (%)
1. BLACKSTONE CQP 5/21 TLB 0.00% 27-May-2028 Fixed Income 3.70%
2. AIR CANADA 7/21 TLB 0.00% 27-Jul-2028 Fixed Income 3.05%
3. AAdvantage Loyalty IP Ltd 5.50% 15-Mar-2028 Fixed Income 2.91%
4. CASTLELAKE AVIAT 9/21 TLB 0.00% 22-Oct-2026 Fixed Income 2.77%
5. Charter Communications Inc 24-Jan-2027 Fixed Income 2.67%
6. Spirit IP Cayman Ltd 8.00% 20-Sep-2025 Fixed Income 2.51%
7. Everest Reinsurance Hldgs Inc 8.01% 01-May-2067 Fixed Income 2.51%
8. SCIENTIFIC GAMES TLB 0.00% 14-Apr-2029 Fixed Income 2.37%
9. SETANTA AIRCRAF 11/21 TLB 0.00% 05-Nov-2028 Fixed Income 2.37%
10. JPMorgan Chase & Co - Pfd Sr Q Banking 2.37%
11. ENBRIDGE/GRIZZLY ACQUISITIONS 8/23 COV-LITE TL 0.00%
10-Aug-2030
Fixed Income 2.37%
12. ENTAIN/GVC HOLDINGS 10/22 COV-LITE TLB 0.00% 31-Oct-2029 Fixed Income 2.36%
13. MEDLINE INDUSTRI 9/21 TLB 0.00% 30-Sep-2028 Fixed Income 2.34%
14. CARNIVAL 10/21 TLB 0.00% 08-Oct-2028 Fixed Income 2.33%
15. Genworth Financial Inc 7.63% 15-Nov-2066 Fixed Income 2.31%

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.