CI Corporate Bond Fund

Series F CAD
 

Fund overview

This fund invests mainly in fixed income securities that are investment grade and below investment grade.

Fund details

description of elementelement value
Inception date July 2003
CAD Total net assets ($CAD)
As at 2024-06-28
$1.5 billion
NAVPS
As at 2024-07-22
$9.7753
MER (%)
As at 2024-03-31
0.93
Management fee (%) 0.55
Asset class Global Fixed Income
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0390
Average Credit Rating BB+

Risk rating1

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

FUND CODES

F 4102
A ISC 9010
DSC SO* 9060
LL SO 1150
E 16189
EF 15189
I 5102
O 18189
P 90160
*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*
4.09% 0.92% 1.56% 4.09% 9.90% 1.09% 2.88% 3.74% 4.94%
*Since inception date

Distribution history3

Payable date Total
2024-06-21 0.0390
2024-05-24 0.0390
2024-04-26 0.0390
2024-03-22 0.0390
2024-02-23 0.0390
Payable date Total
2024-01-26 0.0390
2023-12-15 0.0390
2023-11-24 0.0390
2023-10-27 0.0390
2023-09-22 0.0390

CI PREFERRED PRICING4

Investment amount Combined fee reduction
$100,000 - $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 % 5.58
Duration 3.85
Yield 6.88

RATING SUMMARY (%)

AAA 1.73
AA 0.88
A 12.14
BBB 43.42
BB 20.86
B 15.82
NR 4.35
Average Credit Rating BB+

*Corporate and Government bonds only.

CI Corporate Bond Fund

Series F CAD
 
Portfolio allocations5 As at 2024-06-30
Asset allocation (%)
  • Foreign Corporate Bonds 43.75
  • Canadian Corporate Bonds 40.33
  • Canadian Equity 5.89
  • Cash and Equivalents 3.90
  • Canadian Government Bonds 1.89
  • Canadian Bonds - Other 1.69
  • US Equity 1.17
  • Mortgages 0.81
  • Foreign Government Bonds 0.42
  • Other 0.15
Sector allocation (%)
  • Fixed Income 88.42
  • Cash and Cash Equivalent 3.90
  • Financial Services 3.14
  • Energy 1.18
  • Mutual Fund 0.78
  • Utilities 0.72
  • Consumer Goods 0.57
  • Telecommunications 0.56
  • Real Estate 0.37
  • Other 0.36
Geographic allocation(%)
  • Canada 52.61
  • United States 46.57
  • Cayman Islands 0.67
  • Bermuda 0.29
  • United Kingdom 0.01
  • Other -0.15
Top holdings
Sector (%)
1. Fairfax India Holdings Corp 5.00% 26-Feb-2028 Fixed Income 1.08%
2. Dresdner Funding Trust I 8.15% 30-Jun-2029 Fixed Income 0.99%
3. Quotient Hldgs Fin Co Ltd Sr 144A Nt 1230 12.00% 15-Apr-2030 Fixed Income 0.90%
4. Inter Pipeline Ltd 6.63% 19-Nov-2079 Fixed Income 0.83%
5. Inter Pipeline Ltd 6.88% 26-Mar-2079 Fixed Income 0.79%
6. Citigroup Capital XIII - Pfd Mutual Fund 0.78%
7. Pembina Pipeline Corp 4.80% 25-Jan-2081 Fixed Income 0.71%
8. Highland Takeback Notes 10 30Sep26 10.00% 30-Sep-2026 Fixed Income 0.68%
9. Cad Cash Sweep Cash and Cash Equivalent 0.68%
10. Global Aircraft Leasing Co Ltd 7.25% 15-Sep-2024 Cash and Cash Equivalent 0.62%
11. Northeast Grocery Inc Fixed Income 0.62%
12. Lincoln National Corp 7.95% 11-Aug-2026 Fixed Income 0.57%
13. Barclays Bank Plc 6.28% 15-Dec-2171 Fixed Income 0.57%
14. Keyera Corp 6.88% 13-Jun-2079 Fixed Income 0.56%
15. Canada Goose Inc Term Loan B 8.94% 07-Oct-2027 Fixed Income 0.54%

Management team

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