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Floating Rate Loan
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2023, 2022, 2021, 2020
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|
NAVPS (04-30-2024) |
$9.62 |
|---|---|
| Change |
$0.01
(0.15%)
|
As at March 31, 2024
As at March 31, 2024
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Inception Return (June 01, 2017): 4.04%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 1.23% | 3.11% | 5.55% | 3.11% | 9.75% | 6.30% | 5.08% | 8.16% | 4.80% | 4.32% | - | - | - | - |
| Benchmark | 0.28% | 3.13% | 7.91% | 3.13% | 11.86% | 10.27% | 5.84% | 8.20% | 4.26% | 3.19% | 4.10% | 4.75% | 4.77% | 4.11% |
| Category Average | 0.44% | 4.48% | 4.48% | 2.04% | 9.05% | 4.11% | 3.29% | 6.38% | 2.78% | 2.73% | 2.93% | 3.64% | 2.85% | 3.05% |
| Category Rank | 10 / 80 | 19 / 80 | 19 / 79 | 19 / 80 | 45 / 79 | 23 / 78 | 24 / 78 | 19 / 78 | 17 / 72 | 18 / 70 | - | - | - | - |
| Quartile Ranking | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 1 | 1 | 2 | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.73% | -0.35% | 1.41% | 0.53% | 1.00% | 0.60% | 0.26% | 0.94% | 1.15% | 1.02% | 0.83% | 1.23% |
| Benchmark | 2.66% | -2.20% | 0.47% | 1.38% | 2.55% | -1.17% | 2.29% | 2.51% | -0.20% | 1.33% | 1.50% | 0.28% |
3.58% (April 2020)
-11.50% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | 0.34% | 7.27% | 1.50% | 6.83% | -0.53% | 8.92% |
| Benchmark | 1.85% | 11.20% | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% |
| Category Average | 3.44% | -0.88% | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% |
| Quartile Ranking | - | - | - | - | 3 | 1 | 1 | 1 | 2 | 4 |
| Category Rank | - | - | - | - | 52/ 70 | 17/ 72 | 15/ 78 | 8/ 78 | 22/ 78 | 66/ 79 |
8.92% (2023)
-0.53% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 68.81 |
| Cash and Equivalents | 21.92 |
| Canadian Equity | 5.20 |
| US Equity | 2.65 |
| Foreign Government Bonds | 0.89 |
| Other | 0.53 |
| Name | Percent |
|---|---|
| Fixed Income | 69.97 |
| Cash and Cash Equivalent | 21.92 |
| Financial Services | 5.39 |
| Telecommunications | 1.69 |
| Energy | 0.76 |
| Other | 0.27 |
| Name | Percent |
|---|---|
| North America | 99.30 |
| Latin America | 0.69 |
| Europe | 0.01 |
| Name | Percent |
|---|---|
| US DOLLAR | 6.40 |
| Cash and Cash Equivalents | 3.24 |
| AIR CANADA 3/24TLB 0.00% 17-Mar-2031 | 2.86 |
| Genworth Financial Inc 7.57% 15-Nov-2066 | 2.74 |
| Everest Reinsurance Hldgs Inc 7.95% 13-Apr-2024 | 2.59 |
| CASTLELAKE AVIAT 9/21 TLB 0.00% 22-Oct-2026 | 2.58 |
| Charter Communications Inc 24-Jan-2027 | 2.51 |
| AAdvantage Loyalty IP Ltd 0.00% 15-Mar-2028 | 2.45 |
| BLKCQP TL B 1L USD 0.00% 31-Dec-2030 | 2.44 |
| USB REALTY CORP 144A 6.72% 31-Dec-2049 | 2.26 |
CI Floating Rate Income Fund Series A
Median
Other - Floating Rate Loan
| Standard Deviation | 3.30% | 6.35% | - |
|---|---|---|---|
| Beta | 0.20% | 0.56% | - |
| Alpha | 0.04% | 0.02% | - |
| Rsquared | 0.20% | 0.56% | - |
| Sharpe | 0.73% | 0.47% | - |
| Sortino | 0.93% | 0.34% | - |
| Treynor | 0.12% | 0.05% | - |
| Tax Efficiency | 61.28% | 58.43% | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.65% | 3.30% | 6.35% | - |
| Beta | 0.10% | 0.20% | 0.56% | - |
| Alpha | 0.08% | 0.04% | 0.02% | - |
| Rsquared | 0.11% | 0.20% | 0.56% | - |
| Sharpe | 2.78% | 0.73% | 0.47% | - |
| Sortino | - | 0.93% | 0.34% | - |
| Treynor | 0.44% | 0.12% | 0.05% | - |
| Tax Efficiency | 68.58% | 61.28% | 58.43% | - |
| Start Date | June 01, 2017 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $58 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIG70086 | ||
| CIG70186 | ||
| CIG70286 |
The fund’s objective is to generate income by investing in floating rate debt instruments of issuers located anywhere in the world. The fund also purchases fixed-income debt instruments and money market securities of domestic and foreign issuers. Any change to the fundamental investment objective must be approved by a majority of votes cast at a meeting of unitholders held for that reason.
The portfolio adviser selects securities whose fundamental value it believes is not reflected in their credit ratings and yields. The fund invests in floating rate loans and other debt securities of Canadian and foreign issuers rated below investment grade by a “designated rating organization” as defined under National Instrument 81-102 Investment Funds (“NI 81-102”), including agencies such as Moody’s Investor Services and Standard & Poor’s.
| Name | Start Date |
|---|---|
| Darren Arrowsmith | 06-01-2017 |
| Geof Marshall | 06-01-2017 |
| Fund Manager | CI Investments Inc |
|---|---|
| Advisor | CI Investments Inc |
| Custodian | CIBC Mellon Trust Company |
| Registrar | CI Investments Inc |
| Distributor | - |
| Auditor | Ernst & Young LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 50 |
| MER | 1.14% |
|---|---|
| Management Fee | 0.85% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | 5.50% |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.25% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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