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 2024-06-28
$60.7 million
NAVPS
As at 2024-07-12
$9.6263
MER (%)
As at 2023-09-30
0.62
Management fee (%) 0.35
Asset class Floating Rate Loan
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0553
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 2024-06-30

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*
5.08% 0.43% 1.77% 5.08% 10.18% 5.51% 5.44% - 4.68%
*Since inception date

Distribution history3

Payable date Total
2024-06-21 0.0553
2024-05-24 0.0570
2024-04-26 0.0641
2024-03-22 0.0581
2024-02-23 0.0537
Payable date Total
2024-01-26 0.0516
2023-12-15 0.0782
2023-11-24 0.0616
2023-10-27 0.0782
2023-09-22 0.0614

FUND CHARACTERISTICS

Duration 0.37
Yield 7.96

RATING SUMMARY (%)

AAA 0.79
AA 1.26
A 1.06
BBB 29.98
BB 38.33
B 26.65
NR 1.92
Average Credit Rating BB

*Corporate and Government bonds only.

CI Floating Rate Income Fund

Series F CAD
 
Portfolio allocations4 As at 2024-06-30
Asset allocation (%)
  • Foreign Corporate Bonds 66.97
  • Cash and Equivalents 22.10
  • Canadian Equity 7.93
  • Foreign Government Bonds 1.60
  • Canadian Corporate Bonds 0.99
  • US Equity 0.41
Sector allocation (%)
  • Fixed Income 69.31
  • Cash and Cash Equivalent 22.10
  • Financial Services 6.56
  • Telecommunications 1.06
  • Energy 0.72
  • Technology 0.25
Geographic allocation(%)
  • United States 85.42
  • Canada 14.57
  • United Kingdom 0.01
Top holdings
Sector (%)
1. AIR CANADA 3/24TLB 0.00% 17-Mar-2031 Fixed Income 2.82%
2. Genworth Financial Inc 7.59% 15-Nov-2066 Fixed Income 2.72%
3. Everest Reinsurance Hldgs Inc 7.97% 26-Jul-2024 Cash and Cash Equivalent 2.65%
4. CASTLELAKE AVIAT 9/21 TLB 0.00% 22-Oct-2026 Fixed Income 2.55%
5. Charter Communications Inc 24-Jan-2027 Fixed Income 2.47%
6. BLACKSTONE CQP 6/24 TL 0.00% 31-Dec-2030 Fixed Income 2.40%
7. AAdvantage Loyalty IP Ltd 0.00% 15-Mar-2028 Fixed Income 2.26%
8. USB REALTY CORP 144A 6.73% 31-Dec-2049 Fixed Income 2.23%
9. AVOLON 6/23 B6 COV-LITE TLB 0.00% 22-Jun-2028 Fixed Income 2.20%
10. Virgin Media Invmt Hldgs Ltd 14-Jan-2028 Fixed Income 2.11%
11. STANDARD CHARTERED PLC REGS 7.10% 31-Dec-2049 Fixed Income 2.06%
12. CANADA GOOSE 3/21 TLB 0.00% 07-Oct-2027 Fixed Income 2.05%
13. MEDLINE INDUSTRY 3/24 TLB 0.00% 23-Oct-2028 Fixed Income 1.97%
14. AMWINS 2/21 TLB 0.00% 19-Feb-2028 Fixed Income 1.96%
15. Delta Air Lines Inc 2.90% 28-Sep-2024 Cash and Cash Equivalent 1.86%

Management team

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