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High Yield Fixed Income
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2022
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|
NAVPS (11-08-2024) |
$8.16 |
|---|---|
| Change |
-$0.01
(-0.10%)
|
As at October 31, 2024
As at October 31, 2024
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Inception Return (November 02, 2009): 4.67%
| 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 | -0.86% | 1.52% | 3.03% | 8.89% | 10.30% | 5.80% | 0.93% | 4.85% | 2.78% | 3.52% | 3.00% | 3.55% | 4.71% | 3.70% |
| Benchmark | 2.26% | 3.80% | 8.78% | 13.90% | 17.70% | 14.40% | 6.03% | 4.76% | 4.75% | 5.41% | 4.78% | 4.95% | 5.71% | 6.38% |
| Category Average | -0.36% | 1.95% | 5.56% | 6.29% | 13.31% | 8.37% | 1.37% | 2.94% | 2.77% | 3.23% | 2.69% | 3.05% | 3.36% | 2.90% |
| Category Rank | 282 / 302 | 252 / 301 | 284 / 300 | 63 / 300 | 278 / 300 | 273 / 294 | 225 / 285 | 71 / 276 | 180 / 272 | 147 / 260 | 127 / 238 | 97 / 226 | 55 / 196 | 81 / 183 |
| Quartile Ranking | 4 | 4 | 4 | 1 | 4 | 4 | 4 | 2 | 3 | 3 | 3 | 2 | 2 | 2 |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.24% | 1.54% | 3.49% | 1.09% | 1.66% | -0.63% | 0.12% | -0.68% | 2.06% | 0.72% | 1.67% | -0.86% |
| Benchmark | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% |
8.34% (April 2020)
-20.14% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.62% | -2.49% | 15.07% | 6.40% | -3.61% | 15.50% | -1.75% | 9.98% | -5.68% | 0.55% |
| Benchmark | 8.91% | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | 4 | 2 | 2 | 1 | 3 | 1 | 4 | 1 | 1 | 4 |
| Category Rank | 165/ 172 | 86/ 184 | 52/ 200 | 48/ 228 | 170/ 239 | 3/ 264 | 257/ 274 | 16/ 276 | 33/ 285 | 294/ 294 |
15.50% (2019)
-5.68% (2022)
| Name | Percent |
|---|---|
| Canadian Equity | 51.46 |
| Canadian Corporate Bonds | 37.43 |
| Foreign Corporate Bonds | 7.90 |
| Income Trust Units | 2.23 |
| Cash and Equivalents | 1.02 |
| Other | -0.04 |
| Name | Percent |
|---|---|
| Real Estate | 26.18 |
| Fixed Income | 15.76 |
| Consumer Goods | 15.25 |
| Industrial Goods | 9.57 |
| Consumer Services | 7.08 |
| Other | 26.16 |
| Name | Percent |
|---|---|
| North America | 100.03 |
| Other | -0.03 |
| Name | Percent |
|---|---|
| NFI Group Inc - Pfd | 6.00 |
| BSR REIT - Debenture Cl U | 5.51 |
| Ag Growth International Inc - Pfd | 4.67 |
| Chorus Aviation Inc - Pfd | 4.67 |
| WELL Health Technologies Corp - Pfd | 4.05 |
| Innergex Renewable Energy Inc - Debenture Cl C | 3.99 |
| ADVANTAGE ENERGY LTD 5.00% 30-Jun-2029 | 3.65 |
| Cineplex Inc - Debenture | 3.60 |
| Premium Brands Holdings Corp - Debenture Cl H | 3.49 |
| Storagevault Canada Inc - Debenture | 3.20 |
CI Canadian Convertible Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.54% | 11.30% | 9.14% |
|---|---|---|---|
| Beta | 0.35% | 0.86% | 0.44% |
| Alpha | -0.01% | -0.01% | 0.01% |
| Rsquared | 0.18% | 0.31% | 0.11% |
| Sharpe | -0.43% | 0.10% | 0.27% |
| Sortino | -0.46% | 0.04% | 0.14% |
| Treynor | -0.07% | 0.01% | 0.06% |
| Tax Efficiency | - | 11.14% | 35.48% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.61% | 5.54% | 11.30% | 9.14% |
| Beta | 0.08% | 0.35% | 0.86% | 0.44% |
| Alpha | 0.09% | -0.01% | -0.01% | 0.01% |
| Rsquared | 0.00% | 0.18% | 0.31% | 0.11% |
| Sharpe | 1.15% | -0.43% | 0.10% | 0.27% |
| Sortino | 3.92% | -0.46% | 0.04% | 0.14% |
| Treynor | 0.65% | -0.07% | 0.01% | 0.06% |
| Tax Efficiency | 75.07% | - | 11.14% | 35.48% |
| Start Date | November 02, 2009 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $33 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIG95700 | ||
| CIG95701 | ||
| CIG95703 |
The Fund’s investment objective is to provide unitholders with quarterly distributions and opportunity for capital appreciation through investment predominantly in Canadian debentures that are convertible into equity of Canadian issuers, investments of convertible debentures of non-Canadian issuers as well as fixed income instruments and equities.
The Fund has been created to invest in a portfolio comprised primarily of convertible debentures of Canadian issuers, with the ability to invest up to 30% of the net asset value in convertible debentures of non-Canadian issuers. No more than 20% of the Fund’s net asset value will be invested in equities as a result of any conversions and fixed income instruments, other equities and cash. At the Manager’s discretion, the Fund may be invested entirely in cash or cash equivalents.
| Name | Start Date |
|---|---|
| CI Global Asset Management | 05-05-2023 |
| Fund Manager | CI Global Asset Management |
|---|---|
| Advisor | CI Global Asset Management |
| Custodian | CIBC Mellon Trust Company |
| Registrar | CI Global Asset Management |
| Distributor | - |
| Auditor | Ernst & Young LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
| MER | 2.27% |
|---|---|
| Management Fee | 1.90% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | 5.50% |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | 0.60% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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