CI Short-Term Bond Fund

Series A CAD
 

Fund overview

This fund invests primarily in debt securities of Canadian issuers maturing in five years or less and in short-term notes. It is currently expected that investments in foreign securities will generally be no more than 49% of the fund’s assets.

Fund details

description of elementelement value
Inception date February 1977
CAD Total net assets ($CAD)
As at 2024-05-30
$31.2 million
NAVPS
As at 2024-06-21
$4.9034
MER (%)
As at 2023-09-30
1.41
Management fee (%) 1.10
Asset class Short Term Bond
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0091
Average Credit Rating A-

Risk rating1

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

FUND CODES

A ISC 7220
DSC SO* 7225
LL SO 1225
E 16159
EF 15159
F 7226
I 7982
O 18159
P 90180
*No new purchases directly into switch only funds.

Performance2 As at 2024-05-31

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*
0.98% 0.80% 0.90% 2.57% 4.67% -0.07% 0.74% 0.70% 5.23%
*Since inception date

Distribution history3

Payable date Total
2024-06-21 0.0091
2024-05-24 0.0092
2024-04-26 0.0114
2024-03-22 0.0086
2024-02-23 0.0085
Payable date Total
2024-01-26 0.0112
2023-12-22 0.0079
2023-11-24 0.0085
2023-10-27 0.0126
2023-09-22 0.0082

CI PREFERRED PRICING4

Investment amount Combined fee reduction
$100,000 - $500,000 0.05%
$500,000 - $1,000,000 0.06%
$1,000,000 - $2,500,000 0.13%
$2,500,000 - $5,000,000 0.17%
$5,000,000 and above 0.24%

FUND CHARACTERISTICS

Average Coupon % 3.68
Duration 2.39
Yield 5.13

RATING SUMMARY (%)

AAA 19.51
AA 3.09
A 19.24
BBB 56.74
BB 1.42
Average Credit Rating A-

*Corporate and Government bonds only.

CI Short-Term Bond Fund

Series A CAD
 
Portfolio allocations5 As at 2024-05-31
Asset allocation (%)
  • Canadian Corporate Bonds 63.50
  • Canadian Government Bonds 21.66
  • Cash and Equivalents 12.15
  • Canadian Bonds - Other 2.72
  • Other -0.03
Sector allocation (%)
  • Fixed Income 87.88
  • Cash and Cash Equivalent 12.15
  • Other -0.03
Geographic allocation(%)
  • Canada 100.03
  • Other -0.03
Top holdings
Sector (%)
1. Nissan Canada Inc 2.10% 22-Sep-2025 Fixed Income 5.53%
2. Canada Government 3.50% 01-Mar-2028 Fixed Income 5.20%
3. Canada Government 4.00% 01-Mar-2029 Fixed Income 4.91%
4. Canada Government 1.50% 01-Jun-2031 Fixed Income 4.77%
5. Ford Credit Canada Co 6.78% 15-Sep-2025 Fixed Income 4.62%
6. Canada Government 3.00% 01-Apr-2026 Fixed Income 3.79%
7. Alberta Province 2.20% 01-Jun-2026 Fixed Income 2.99%
8. Gibson Energy Inc 2.45% 14-Jun-2025 Fixed Income 2.98%
9. Equitable Bank 1.88% 26-Nov-2025 Fixed Income 2.72%
10. Cad Cash Sweep Cash and Cash Equivalent 2.66%
11. Bell Canada 3.80% 21-May-2028 Fixed Income 2.63%
12. Inter Pipeline Ltd 5.76% 17-Feb-2028 Fixed Income 2.28%
13. Bank of Montreal 4.31% 01-May-2027 Fixed Income 2.25%
14. Toronto-Dominion Bank 4.21% 25-Mar-2024 Cash and Cash Equivalent 2.24%
15. Royal Bank of Canada 2.88% 23-Dec-2024 Cash and Cash Equivalent 2.22%

Management team

First we'll display the Team Company and then the Team members
Leanne Ongaro
Grant Connor
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