CI Preferred Share Fund

Series F CAD
 

Fund overview

This fund invests primarily in a diversified portfolio of preferred shares, from both Canadian and foreign issuers.

Fund details

description of elementelement value
Inception date December 2015
CAD Total net assets ($CAD)
As at 2024-06-28
$32.1 million
NAVPS
As at 2024-07-12
$11.0285
MER (%)
As at 2023-09-30
0.91
Management fee (%) 0.65
Asset class Preferred Share
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0320
Average Credit Rating P2

Risk rating1

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

FUND CODES

F 4346
A ISC 2346
DSC SO* 3346
LL SO 1346
E 16073
EF 15073
I 5346
O 18073
P 90176
*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*
12.59% -0.42% 2.38% 12.59% 17.64% 1.72% 6.62% - 5.59%
*Since inception date

Distribution history3

Payable date Total
2024-06-21 0.0320
2024-05-24 0.0320
2024-04-26 0.0320
2024-03-22 0.0320
2024-02-23 0.0320
Payable date Total
2024-01-26 0.0320
2023-12-22 0.2604
2023-11-24 0.0320
2023-10-27 0.0320
2023-09-22 0.0320

CI PREFERRED PRICING4

Investment amount Combined fee reduction
$100,000 - $500,000 0.05%
$500,000 - $1,000,000 0.11%
$1,000,000 - $2,500,000 0.18%
$2,500,000 - $5,000,000 0.22%
$5,000,000 and above 0.29%

FUND CHARACTERISTICS

Average Coupon % 4.98
Yield 6.22

RATING SUMMARY (%)

P1 12.37
P2 62.30
P3 19.92
P4 5.41
P5 0.00
Average Credit Rating P2

*Corporate and Government bonds only.

CI Preferred Share Fund

Series F CAD
 
Portfolio allocations5 As at 2024-06-30
Asset allocation (%)
  • Canadian Equity 92.01
  • International Equity 2.69
  • Cash and Equivalents 2.34
  • Canadian Corporate Bonds 1.76
  • US Equity 1.22
  • Other -0.02
Sector allocation (%)
  • Financial Services 45.63
  • Energy 17.96
  • Utilities 13.93
  • Telecommunications 8.01
  • Real Estate 5.17
  • Consumer Services 2.91
  • Cash and Cash Equivalent 2.34
  • Fixed Income 1.76
  • Mutual Fund 1.22
  • Other 1.07
Geographic allocation(%)
  • Canada 96.05
  • Bermuda 2.69
  • United States 1.28
  • Other -0.02
Top holdings
Sector (%)
1. Enbridge Inc - Pfd Sr 1 Energy Services and Equipment 3.70%
2. BCE Inc - Pfd Sr AB Diversified Telecommunications 2.75%
3. BCE Inc - Pfd Sr AD Diversified Telecommunications 2.32%
4. Cad Cash Sweep Cash and Cash Equivalent 1.97%
5. Toronto-Dominion Bank - Pfd Cl A Sr 5 Banking 1.61%
6. Brookfield Renewable Partners LP - Pfd Cl A Electric Utilities 1.58%
7. TransAlta Corp - Pfd Sr C Electric Utilities 1.55%
8. TC Energy Corp - Pfd Sr 1 Energy Services and Equipment 1.53%
9. Manulife Financial Corp - Pfd Sr 2 Insurance 1.52%
10. Royal Bank of Canada - Pfd Sr BD Banking 1.52%
11. Capital Power Corp - Pfd Cl A Sr 3 Electric Utilities 1.50%
12. Power Corp of Canada - Pfd Sr A Insurance 1.48%
13. Bank of Montreal - Pfd Cl B Sr 29 Banking 1.47%
14. Toronto-Dominion Bank - Pfd Cl A Sr 1 Banking 1.47%
15. TransAlta Corp - Pfd Sr E Electric Utilities 1.46%

Management team

First we'll display the Team Company and then the Team members
John Shaw
Leanne Ongaro
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