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
CAD Total net assets ($CAD)
As at 2025-05-30
$82.6 million
NAVPS
As at 2025-06-27
$9.5622
MER (%)
As at 2024-09-30
0.58
Management fee (%) 0.35
Asset class Floating Rate Loan
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0407
Average Credit Rating BB

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 2025-05-31

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*
1.08% 1.21% 0.13% 2.03% 5.70% 7.67% 7.29% - 4.80%
*Since inception date

Distribution history3

Payable date Total
2025-06-27 0.0407
2025-05-23 0.0418
2025-04-25 0.0457
2025-03-28 0.0444
2025-02-21 0.0450
Payable date Total
2025-01-24 0.0394
2024-12-13 0.0637
2024-11-22 0.0456
2024-10-25 0.0537
2024-09-27 0.0506

FUND CHARACTERISTICS

Duration 0.37
Yield 6.25

RATING SUMMARY (%)

AAA 0.70
AA 2.23
A 2.18
BBB 27.30
BB 36.76
B 25.45
CC 0.04
NR 4.54
Average Credit Rating BB

*Corporate and Government bonds only.

CI Floating Rate Income Fund

Series F CAD
 
Portfolio allocations4 As at 2025-05-31
Asset allocation (%)
  • Foreign Corporate Bonds 56.77
  • Cash and Equivalents 33.97
  • Canadian Equity 3.86
  • Foreign Government Bonds 1.97
  • Foreign Bonds - Other 1.65
  • Canadian Corporate Bonds 0.91
  • Mortgages 0.59
  • US Equity 0.31
  • Other -0.03
Sector allocation (%)
  • Fixed Income 61.39
  • Cash and Cash Equivalent 33.97
  • Financial Services 2.64
  • Telecommunications 1.06
  • Technology 0.50
  • Energy 0.47
  • Other -0.03
Geographic allocation(%)
  • United States 77.19
  • Canada 22.83
  • United Kingdom 0.01
  • Other -0.03
Top holdings5
Sector (%)
1. AVOLON 9/24 B6 TL 0.00% 03-Oct-2030 Fixed Income 2.21%
2. AIR CANADA 3/24TLB 0.00% 17-Mar-2031 Fixed Income 2.05%
3. Genworth Financial Inc 6.59% 15-Nov-2066 Fixed Income 2.02%
4. Everest Reinsurance Hldgs Inc 6.97% 29-Jun-2025 Cash and Cash Equivalent 1.93%
5. AMR/AADVANTAGE 2/25 TLB 0.00% 20-Apr-2028 Fixed Income 1.80%
6. CHARTER COMM 11/24 TLB 0.00% 15-Dec-2031 Fixed Income 1.80%
7. BLACKSTONE CQP 12/24 TL 0.00% 31-Dec-2030 Fixed Income 1.76%
8. MEDLINE INDUSTRIES/MOZART 5/24 ADD-ON TL 0.00% 23-Oct-2028 Fixed Income 1.75%
9. USB REALTY CORP 144A 5.66% 31-Dec-2049 Fixed Income 1.71%
10. Janus Henderson AAA CLO ETF (JAAA) Fixed Income 1.65%
11. QUIKRETE 2/25 CL TLB4 0.00% 31-Jan-2032 Fixed Income 1.61%
12. AMWINS 1/25 TLB 0.00% 23-Jan-2032 Fixed Income 1.61%
13. Invesco Senior Loan ETF (BKLN) Fixed Income 1.59%
14. Virgin Media Invmt Hldgs Ltd 14-Jan-2028 Fixed Income 1.59%
15. United States Treasury 2.50% 15-Jan-2029 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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