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Global Corp Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(04-12-2024)
$9.26
Change
$0.02 (0.25%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

CI Corporate Bond Fund (Class A units)

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Fund Returns

Inception Return (December 31, 2001): 4.02%

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 1.12% 0.77% -0.55% 2.35% 8.43% 2.32% 0.84% 4.87% 2.44% 2.63% 2.50% 3.51% 2.69% 2.94%
Benchmark 0.87% 1.89% 7.97% 1.89% 5.13% 2.99% -0.37% -0.61% 1.00% 1.65% 1.85% 2.17% 2.40% 3.49%
Category Average 0.99% 7.07% 7.07% 0.83% 5.91% 1.22% -0.24% 2.52% 1.83% 2.01% - - - -
Category Rank 58 / 114 28 / 113 39 / 112 28 / 113 24 / 112 47 / 101 48 / 96 37 / 90 39 / 87 39 / 79 33 / 71 27 / 62 26 / 50 22 / 39
Quartile Ranking 3 1 2 1 1 2 2 2 2 2 2 2 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.10% -0.88% 0.42% 0.87% 0.26% -1.20% -0.55% 3.57% 2.30% 0.77% 0.44% 1.12%
Benchmark 1.46% -1.67% -1.90% 0.45% 1.77% -2.69% 1.41% 3.17% 1.28% 0.85% 0.16% 0.87%

Best Monthly Return Since Inception

5.52% (April 2020)

Worst Monthly Return Since Inception

-11.42% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 4.72% 0.55% 7.96% 4.16% -1.25% 9.12% 5.62% 3.16% -10.25% 8.20%
Benchmark 12.44% 15.41% 0.66% 2.08% 5.22% 5.81% 8.39% -3.78% -10.63% 6.54%
Category Average - - - - - 9.03% 6.89% 0.56% -10.54% 7.62%
Quartile Ranking 4 4 2 3 3 3 3 2 3 2
Category Rank 31/ 38 39/ 49 29/ 62 45/ 71 50/ 78 49/ 84 66/ 89 38/ 93 60/ 101 47/ 111

Best Calendar Return (Last 10 years)

9.12% (2019)

Worst Calendar Return (Last 10 years)

-10.25% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 44.09
Canadian Corporate Bonds 40.18
Canadian Equity 4.27
Cash and Equivalents 4.07
US Equity 2.28
Other 5.11

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.61
Cash and Cash Equivalent 4.08
Financial Services 2.78
Energy 1.04
Mutual Fund 0.78
Other 2.71

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.56
Latin America 2.17
Europe 0.26
Other 0.01

Top Holdings

Top Holdings
Name Percent
Dresdner Funding Trust I 8.15% 30-Jun-2029 1.18
CAD Cash Sweep 1.12
Fairfax India Holdings Corp 5.00% 26-Feb-2028 1.10
Quotient Hldgs Fin Co Ltd Sr 144A Nt 1230 12.00% 15-Apr-2030 0.88
Inter Pipeline Ltd 6.63% 19-Nov-2079 0.80
Citigroup Capital XIII - Pfd 0.78
Delta Air Lines Skymiles Term Loan B 9.07% 20-Oct-2027 0.77
Inter Pipeline Ltd 6.88% 26-Mar-2079 0.75
Global Aircraft Leasing Co Ltd 7.25% 15-Sep-2024 0.71
Pembina Pipeline Corp 4.80% 25-Jan-2081 0.68

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

CI Corporate Bond Fund (Class A units)

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 5.64% 7.63% 5.86%
Beta 0.56% 0.59% 0.33%
Alpha 0.01% 0.02% 0.02%
Rsquared 0.50% 0.27% 0.17%
Sharpe -0.29% 0.10% 0.29%
Sortino -0.50% -0.05% 0.02%
Treynor -0.03% 0.01% 0.05%
Tax Efficiency - 24.14% 36.40%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 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 4.58% 5.64% 7.63% 5.86%
Beta 0.56% 0.56% 0.59% 0.33%
Alpha 0.05% 0.01% 0.02% 0.02%
Rsquared 0.53% 0.50% 0.27% 0.17%
Sharpe 0.76% -0.29% 0.10% 0.29%
Sortino 2.60% -0.50% -0.05% 0.02%
Treynor 0.06% -0.03% 0.01% 0.05%
Tax Efficiency 80.73% - 24.14% 36.40%

Fund Details

Start Date December 31, 2001
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
CIG1150
CIG14212
CIG9010
CIG9060

Investment Objectives

The fund's investment objective is to achieve a yield advantage by using fundamental value analysis to evaluate investments. The fund will invest mainly in fixed income securities that are investment grade and below investment grade.

Investment Strategy

The portfolio advisor selects securities whose fundamental value it believes is not reflected in their credit ratings and yields. It first identifies companies that have the long-term ability to generate sufficient money to service their debt and reinvest in their business. The portfolio advisor also considers the impact of economic trends on interest rates and economic growth. The portfolio advisor may use techniques such as fundamental analysis to assess cash flow and growth potential.

Portfolio Manager(s)

Name Start Date
John Shaw 01-01-2006
Geof Marshall 01-01-2006

Management and Organization

Fund Manager CI Investments Inc
Advisor CI Investments Inc
Custodian RBC Investor Services Trust (Canada)
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 50

Fees

MER 1.56%
Management Fee 1.05%
Load Choice of Front or Back
FE Max 0.00%
DSC Max 0.00%
LL Max 0.00%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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