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CI Canadian Convertible Bond Fund Series A

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022

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NAVPS
(07-12-2024)
$8.09
Change
-$0.01 (-0.12%)

As at June 30, 2024

As at June 30, 2024

Period
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Legend

CI Canadian Convertible Bond Fund Series A

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Fund Returns

Inception Return (November 02, 2009): 4.53%

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 -0.68% -1.18% 5.10% 5.10% 3.52% 2.98% 0.61% 4.68% 2.88% 2.92% 2.75% 3.68% 3.94% 2.84%
Benchmark 1.79% 2.35% 6.59% 6.59% 14.42% 13.47% 3.38% 3.80% 3.77% 4.27% 4.15% 5.14% 5.27% 5.98%
Category Average 0.67% 2.55% 2.55% 2.55% 7.96% 6.42% 0.22% 2.95% 2.20% 2.59% 2.42% 3.10% 2.73% 2.49%
Category Rank 301 / 301 295 / 301 49 / 301 49 / 301 282 / 295 279 / 292 159 / 286 91 / 276 116 / 270 139 / 250 121 / 238 99 / 221 61 / 193 101 / 181
Quartile Ranking 4 4 1 1 4 4 3 2 2 3 3 2 2 3

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.21% -1.30% -1.67% -0.99% -0.24% 1.54% 3.49% 1.09% 1.66% -0.63% 0.12% -0.68%
Benchmark 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55% 0.00% 1.79%

Best Monthly Return Since Inception

8.34% (April 2020)

Worst Monthly Return Since Inception

-20.14% (March 2020)

Calendar Return (%)

Calendar Return
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/ 173 86/ 185 52/ 201 49/ 229 171/ 240 3/ 265 258/ 275 17/ 277 33/ 286 295/ 295

Best Calendar Return (Last 10 years)

15.50% (2019)

Worst Calendar Return (Last 10 years)

-5.68% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 50.87
Canadian Corporate Bonds 41.23
Foreign Corporate Bonds 7.10
Cash and Equivalents 0.80

Sector Allocation

Sector Allocation
Name Percent
Real Estate 23.82
Fixed Income 15.81
Consumer Goods 14.85
Industrial Goods 9.82
Basic Materials 7.80
Other 27.90

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
NFI Group Inc - Pfd 5.97
BSR REIT - Debenture Cl U 5.37
Ag Growth International Inc - Pfd 5.01
Chorus Aviation Inc - Pfd 4.57
WELL Health Technologies Corp - Pfd 3.96
ADVANTAGE ENERGY LTD 5.00% 30-Jun-2029 3.83
Premium Brands Holdings Corp - Debenture Cl H 3.53
Cineplex Inc - Debenture 3.36
Surge Energy Inc (Alberta) 8.50% 31-Dec-2028 3.19
Dye & Durham Ltd 3.75% 01-Mar-2026 3.17

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 Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.39% 11.29% 9.22%
Beta 0.28% 0.89% 0.44%
Alpha 0.00% 0.00% 0.01%
Rsquared 0.13% 0.31% 0.11%
Sharpe -0.42% 0.13% 0.19%
Sortino -0.54% 0.05% 0.03%
Treynor -0.08% 0.02% 0.04%
Tax Efficiency - 18.28% 14.55%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.25% 5.39% 11.29% 9.22%
Beta 0.16% 0.28% 0.89% 0.44%
Alpha 0.01% 0.00% 0.00% 0.01%
Rsquared 0.01% 0.13% 0.31% 0.11%
Sharpe -0.24% -0.42% 0.13% 0.19%
Sortino 0.19% -0.54% 0.05% 0.03%
Treynor -0.08% -0.08% 0.02% 0.04%
Tax Efficiency 28.39% - 18.28% 14.55%

Fund Details

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

Fund Codes

FundServ Code Load Code Sales Status
CIG95700
CIG95701
CIG95703

Investment Objectives

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.

Investment Strategy

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.

Portfolio Manager(s)

Name Start Date
CI Global Asset Management 05-05-2023

Management and Organization

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

Investment Minimums

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

Fees

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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