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CI High Yield Bond Corporate Class (Class A shares)

High Yield Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(07-12-2024)
$12.55
Change
$0.02 (0.14%)

As at June 30, 2024

As at June 30, 2024

Period
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Legend

CI High Yield Bond Corporate Class (Class A shares)

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Fund Returns

Inception Return (January 09, 2012): 4.05%

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 0.79% 1.37% 4.62% 4.62% 11.32% 9.02% 1.29% 4.72% 2.75% 3.09% 2.87% 4.07% 3.33% 3.49%
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 136 / 301 105 / 301 68 / 301 68 / 301 62 / 295 73 / 292 110 / 286 85 / 276 136 / 270 123 / 250 112 / 238 78 / 221 93 / 193 73 / 181
Quartile Ranking 2 2 1 1 1 1 2 2 3 2 2 2 2 2

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.18% 0.51% -1.04% -1.18% 3.55% 2.32% 1.39% 0.47% 1.31% -0.48% 1.06% 0.79%
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

5.53% (April 2020)

Worst Monthly Return Since Inception

-15.16% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 3.14% -0.46% 11.98% 4.30% -0.55% 8.60% 3.58% 4.40% -10.87% 11.43%
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 3 2 3 3 1 3 3 2 3 1
Category Rank 99/ 173 56/ 185 110/ 201 151/ 229 57/ 240 181/ 265 184/ 275 117/ 277 210/ 286 51/ 295

Best Calendar Return (Last 10 years)

11.98% (2016)

Worst Calendar Return (Last 10 years)

-10.87% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 69.35
Canadian Corporate Bonds 17.91
Cash and Equivalents 4.91
Canadian Equity 4.19
US Equity 1.39
Other 2.25

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.28
Cash and Cash Equivalent 4.91
Financial Services 3.00
Energy 0.82
Consumer Goods 0.62
Other 1.37

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.88
Latin America 1.20
Europe 0.01
Other -0.09

Top Holdings

Top Holdings
Name Percent
CI High Yield Bond Fund Class I 99.89
Canadian Dollar 0.10
Us Dollar 0.01

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

CI High Yield Bond Corporate Class (Class A shares)

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 6.78% 9.60% 7.42%
Beta 0.73% 1.04% 0.70%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.54% 0.58% 0.43%
Sharpe -0.22% 0.12% 0.30%
Sortino -0.30% 0.02% 0.12%
Treynor -0.02% 0.01% 0.03%
Tax Efficiency 87.50% 83.71% 77.08%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 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 4.84% 6.78% 9.60% 7.42%
Beta 0.52% 0.73% 1.04% 0.70%
Alpha 0.04% -0.01% -0.01% -0.01%
Rsquared 0.16% 0.54% 0.58% 0.43%
Sharpe 1.24% -0.22% 0.12% 0.30%
Sortino 3.82% -0.30% 0.02% 0.12%
Treynor 0.12% -0.02% 0.01% 0.03%
Tax Efficiency 100.00% 87.50% 83.71% 77.08%

Fund Details

Start Date January 09, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Partially Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
CIG1262
CIG2262
CIG3262

Investment Objectives

The fund’s objective is to obtain income and capital appreciation by investing, directly or indirectly, in high yield corporate bonds and other income-producing securities throughout the world. Indirect investments can include derivatives and investments in other mutual funds.

Investment Strategy

The portfolio adviser will focus primarily on corporate bonds and debt obligations that are rated BBB or below by a recognized North American bond rating agency. The portfolio adviser selects securities whose fundamental value it believes is not reflected in their credit ratings and yields. The fund may also invest in bank loans, convertible bonds, floating rate debt instruments and private placements as permitted by securities regulations. The fund may also invest in emerging market bonds.

Portfolio Manager(s)

Name Start Date
Geof Marshall 07-26-2013
Brad Benson 07-26-2013

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 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.93%
Management Fee 1.35%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) 0.30%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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