CI Target 2028 Investment Grade Bond Fund

Series A CAD
 

Fund overview

The fund’s investment objective is to generate income over a specified period by investing in a portfolio primarily made up of Canadian dollar-denominated investment grade bonds, with an effective maturity date in 2028. The fund will terminate on or about November 30, 2028, or such earlier date upon not less than 60 days' notice to unitholders.

Fund details

description of elementelement value
Inception date October 2025
CAD Total net assets ($CAD)
As at 2026-09-30
$7.5 million
NAVPS
As at 2026-11-02
$9.9801
MER (%)
As at 2026-03-31
0.79
Management fee (%) 0.65
Units outstanding
As at
-
Asset class Canadian Fixed Income
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0163
Average Credit Rating A-

Risk rating1

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

FUND CODES

A ISC 2550
DSC 3550
F 4550
I 5250
P 90074

Performance2 As at 2026-10-31

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*
0.72% -0.38% -0.35% 0.72% 1.07% - - - 1.12%
*Since inception date

Distribution history3

Payable date Total
2026-10-23 0.0163
2026-09-25 0.0235
2026-08-28 0.0162
2026-07-24 0.0207
2026-06-26 0.0157
Payable date Total
2026-05-22 0.0133
2026-04-24 0.0134
2026-03-27 0.0078
2026-02-20 0.0031
2026-01-23 0.0027

RATING SUMMARY (%)

AAA 0.42
AA 6.56
A 31.57
BBB 58.26
BB 3.19
Average Credit Rating A-

FUND CHARACTERISTICS

Average Coupon % 3.53
Duration 1.84
Yield 3.95

Management team

First we'll display the Team Company and then the Team members
John Shaw
Jason Anderson

CI Target 2028 Investment Grade Bond Fund

Series A CAD
 
Portfolio allocations4 As at 2026-09-30
Asset allocation (%)
  • Canadian Corporate Bonds 97.43
  • Canadian Government Bonds 2.46
  • Cash and Equivalents 0.10
  • Other 0.01
Sector allocation (%)
  • Fixed Income 99.89
  • Cash and Cash Equivalent 0.10
  • Other 0.01
Geographic allocation(%)
  • Canada 99.99
  • Other 0.01
Top holdings6
Sector (%)
1. Sun Life Financial Inc 2.80% 21-Nov-2028 Fixed Income 4.29%
2. CCL Industries Inc 3.86% 13-Jan-2028 Fixed Income 4.28%
3. TOYOTA CREDIT CANADA INC 3.31% 18-Aug-2028 Fixed Income 4.22%
4. VW CREDIT CANADA INC 3.39% 20-Nov-2028 Fixed Income 4.22%
5. Nestle Holdings Inc 2.19% 26-Jan-2029 Fixed Income 4.15%
6. Bank of Montreal 4.54% 18-Nov-2028 Fixed Income 4.11%
7. Tourmaline Oil Corp 2.53% 12-Feb-2029 Fixed Income 4.10%
8. Hyundai Capital Canada Inc 3.57% 05-Sep-2028 Fixed Income 4.06%
9. Granite REIT Holdings LP 2.19% 30-Aug-2028 Fixed Income 3.98%
10. National Bank of Canada 3.52% 17-Jul-2028 Fixed Income 3.97%
11. CNH Industrial Cptl Canada Ltd 4.00% 11-Apr-2028 Fixed Income 3.95%
12. CGI Inc 2.10% 18-Jul-2028 Fixed Income 3.93%
13. RioCan REIT 2.83% 08-Nov-2028 Fixed Income 3.84%
14. Bell Canada 3.80% 21-May-2028 Fixed Income 3.80%
15. Royal Bank of Canada 3.41% 12-Jun-2028 Fixed Income 3.67%
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