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CI Canadian Convertible Bond ETF - Common Units (CXF : TSX)

Cdn Corp Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2021, 2018, 2017

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Close
(12-06-2024)
$10.28
Change
-$0.03 (-0.29%)
Open $10.28
Day Range $10.28 - $10.31
Volume 3,395

As at October 31, 2024

As at October 31, 2024

Period
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Legend

CI Canadian Convertible Bond ETF - Common Units

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Fund Returns

Inception Return (June 01, 2011): 5.13%

Fund Returns
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 0.52% 3.17% 5.90% 10.14% 13.42% 8.55% 4.42% 6.54% 5.73% 6.24% 5.20% 5.50% 6.00% 5.40%
Benchmark -0.41% 2.08% 6.64% 5.45% 12.99% 7.77% 1.49% 0.88% 1.92% 3.14% 2.68% 2.56% 2.96% 2.96%
Category Average -0.56% 6.37% 6.37% 5.24% 12.76% 7.49% 0.99% 0.59% 1.45% 2.51% - - - -
Category Rank 1 / 106 1 / 106 96 / 102 1 / 95 37 / 95 17 / 90 1 / 84 1 / 78 1 / 73 1 / 72 1 / 66 1 / 64 1 / 58 1 / 53
Quartile Ranking 1 1 4 1 2 1 1 1 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 1.19% 1.76% 2.62% 0.97% 0.95% -0.57% 0.32% -0.09% 2.41% 1.37% 1.25% 0.52%
Benchmark 3.64% 3.39% -0.70% 0.25% 0.60% -1.26% 1.47% 0.98% 1.96% 0.45% 2.04% -0.41%

Best Monthly Return Since Inception

5.11% (April 2020)

Worst Monthly Return Since Inception

-13.03% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 5.61% 1.97% 13.29% 5.10% -2.80% 14.67% 6.24% 5.96% -0.60% 4.37%
Benchmark 7.44% 2.74% 3.59% 3.48% 0.96% 8.01% 8.57% -1.32% -10.12% 8.32%
Category Average - - - - - 7.34% 7.62% -1.82% -10.25% 7.57%
Quartile Ranking 3 2 1 1 4 1 4 1 1 4
Category Rank 39/ 52 18/ 53 1/ 58 1/ 64 66/ 66 1/ 72 73/ 73 1/ 79 1/ 84 91/ 91

Best Calendar Return (Last 10 years)

14.67% (2019)

Worst Calendar Return (Last 10 years)

-2.80% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 51.38
Canadian Equity 40.10
Cash and Equivalents 6.87
Foreign Corporate Bonds 1.65

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 18.67
Real Estate 14.20
Consumer Services 9.43
Industrial Services 8.33
Utilities 8.03
Other 41.34

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
NFI Group Inc - Pfd 8.64
Cineplex Inc - Debenture 5.64
Cash and Cash Equivalents 4.65
Premium Brands Holdings Corp - Debenture Cl G 4.34
Innergex Renewable Energy Inc - Debenture Cl C 4.29
Premium Brands Holdings Corp - Debenture Cl H 4.27
ADVANTAGE ENERGY LTD 5.00% 30-Jun-2029 4.05
Storagevault Canada Inc - Debenture 3.79
Innergex Renewable Energy Inc - Debenture Cl B 3.74
Chemtrade Logistics Income Fund - Pfd 3.66

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

CI Canadian Convertible Bond ETF - Common Units

Median

Other - Cdn Corp Fixed Income

3 Yr Annualized

Standard Deviation 4.54% 7.93% 6.48%
Beta 0.32% 0.78% 0.65%
Alpha 0.04% 0.04% 0.03%
Rsquared 0.17% 0.39% 0.26%
Sharpe 0.21% 0.46% 0.60%
Sortino 0.46% 0.45% 0.50%
Treynor 0.03% 0.05% 0.06%
Tax Efficiency 54.54% 65.14% 63.30%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.26% 4.54% 7.93% 6.48%
Beta 0.19% 0.32% 0.78% 0.65%
Alpha 0.10% 0.04% 0.04% 0.03%
Rsquared 0.10% 0.17% 0.39% 0.26%
Sharpe 2.48% 0.21% 0.46% 0.60%
Sortino 10.94% 0.46% 0.45% 0.50%
Treynor 0.42% 0.03% 0.05% 0.06%
Tax Efficiency 84.29% 54.54% 65.14% 63.30%

Fund Details

Start Date June 01, 2011
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $50
52 Week High $10.36
52 Week Low $8.33
Annual Dividend $0.49
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

The investment objectives of CI Canadian Convertible Bond ETF are to provide holders with (i) quarterly cash distributions, and (ii) the opportunity for capital appreciation by investing on a capitalization weighted basis in a portfolio (the Convertible Portfolio ) of Convertible Bonds of Canadian issuers.

Investment Strategy

The Convertible ETF will invest on a capitalization weighted basis in Convertible Bonds which meet the Eligibility Criteria. Capitalization weightings are determined on the basis of a Convertible Bond's relative market capitalization to the total market capitalization of Convertible Bonds included in the Convertible Portfolio, on initial investment and on quarterly rebalancings.

Portfolio Manager(s)

Name Start Date
Lee Goldman 01-29-2021

Management and Organization

Fund Manager CI Global Asset Management
Advisor CI Global Asset Management
Custodian CIBC Mellon Trust Company
Registrar TSX Trust Company
Distributor -
Auditor Ernst & Young LLP

Fees

MER 0.71%
Management Fee 0.65%

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