CI Corporate Bond Class

Series A CAD
 

Fund overview

CI Corporate Bond Class's investment objective is to provide investors with a return that is similar to the return of CI Corporate Bond Fund, or another North American and/or international bond fund managed by us (the “Reference Fund”). The investment objective of the Reference Fund is to provide investors with income and the potential for long-term capital appreciation by investing in a portfolio consisting primarily of North American and/or international investment grade and non-investment grade corporate bonds and may also invest in real-return bonds, preferred shares, convertible securities or other fixed-income securities. The fund purchases primarily Canadian equity securities which it sells forward under a series of forward contracts in order to provide the fund with a return that is based on the performance of the Reference Fund. In addition, or in the alternative, the fund may invest directly in fixed-income securities similar to those held by the Reference Fund.

Fund details

description of elementelement value
Inception date August 2012
CAD Total net assets ($CAD)
As at 2025-06-27
$298.3 million
NAVPS
As at 2025-07-10
$7.3896
MER (%)
As at 2025-03-31
1.41
Management fee (%) 1.05
Asset class Global Fixed Income
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0375
Average Credit Rating BBB-

Risk rating1

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

FUND CODES

A 50043
B DSC SO* 51043
LL SO 53043
LL 52043
E 16037
EF 15037
F 54043
I 55043
O 18037
P 58043
*No new purchases directly into switch only funds.

Performance2 As at 2025-06-30

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*
1.58% 0.97% 0.63% 1.58% 7.45% 6.22% 3.46% 2.91% 2.99%
*Since inception date

Distribution history3

Payable date Total
2025-06-26 0.0375
2025-05-23 0.0375
2025-04-25 0.0375
2025-03-28 0.0203
2025-03-27 0.0375
Payable date Total
2025-02-21 0.0375
2025-01-24 0.0375
2024-12-13 0.0375
2024-11-22 0.0375
2024-10-25 0.0375

CI PREFERRED PRICING4

Investment amount Combined fee reduction
$100,000 - $250,000 0.00%
$250,000 - $500,000 0.00%
$500,000 - $1,000,000 0.01%
$1,000,000 - $2,500,000 0.08%
$2,500,000 - $5,000,000 0.13%
$5,000,000 and above 0.20%

FUND CHARACTERISTICS

Average Coupon % 5.77
Duration 3.91
Yield 6.10

RATING SUMMARY (%)

AAA 0.07
AA 1.05
A 14.39
BBB 43.37
BB 23.23
B 14.29
NR 2.92
Average Credit Rating BBB-

*Corporate and Government bonds only.

CI Corporate Bond Class

Series A CAD
 
Portfolio allocations5 As at 2025-06-30
Asset allocation (%)
  • Foreign Corporate Bonds 43.80
  • Canadian Corporate Bonds 41.53
  • Canadian Equity 5.68
  • Cash and Equivalents 4.58
  • Canadian Bonds - Other 1.22
  • Other 0.83
  • Mortgages 0.76
  • US Equity 0.73
  • Canadian Government Bonds 0.48
  • Foreign Bonds - Other 0.39
Sector allocation (%)
  • Fixed Income 88.01
  • Cash and Cash Equivalent 4.58
  • Financial Services 2.42
  • Energy 1.08
  • Utilities 0.73
  • Other 0.73
  • Telecommunications 0.67
  • Real Estate 0.66
  • Mutual Fund 0.66
  • Consumer Goods 0.46
Geographic allocation(%)
  • Canada 52.68
  • United States 46.02
  • Cayman Islands 0.47
  • Luxembourg 0.34
  • Bermuda 0.31
  • Other 0.09
  • Ireland 0.06
  • United Kingdom 0.03
Underlying fund allocations
Sector (%)
1. CI Corporate Bond Fund Class I Fixed Income 99.82%
Top holdings6
Sector (%)
1. CI Alternative Credit Opportunities Fund Series I Fixed Income 1.97%
2. CASH Cash and Cash Equivalent 1.34%
3. Fairfax India Holdings Corp 5.00% 26-Feb-2028 Fixed Income 0.97%
4. Quotient Hldgs Fin Co Ltd Sr 144A Nt 1230 12.00% 15-Apr-2030 Fixed Income 0.84%
5. Dresdner Funding Trust I 8.15% 30-Jun-2029 Fixed Income 0.83%
6. Citigroup Capital XIII - Pfd Mutual Fund 0.66%
7. Inter Pipeline Ltd 6.63% 19-Nov-2079 Fixed Income 0.66%
8. Pembina Pipeline Corp 4.80% 25-Jan-2081 Fixed Income 0.64%
9. Barclays Bank Plc 6.28% 15-Dec-2171 Fixed Income 0.53%
10. Keyera Corp 6.88% 13-Jun-2079 Fixed Income 0.50%
11. Venture Global Lng Inc 9.00% 30-Mar-2173 Fixed Income 0.50%
12. Northeast Grocery Inc Fixed Income 0.48%
13. Canada Goose Inc Term Loan B 7.94% 07-Oct-2027 Fixed Income 0.46%
14. Canadian Imperial Bank Commrce 7.37% PERP Fixed Income 0.46%
15. NOVA Chemicals Corp 4.25% 15-May-2029 Fixed Income 0.46%

Management team

First we'll display the Team Company and then the Team members
Geof Marshall
John Shaw
Brad Benson
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