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CI Corporate Bond Class Series A

Global Corp Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-17-2024)
$7.29
Change
$0.01 (0.10%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

CI Corporate Bond Class Series A

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Fund Returns

Inception Return (August 31, 2012): 2.56%

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 0.27% 1.18% 6.59% 1.18% 6.69% 1.48% 0.28% 4.43% 2.08% 2.30% 2.10% 2.77% 2.17% 2.45%
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 113 / 114 55 / 113 85 / 112 55 / 113 53 / 112 62 / 101 56 / 96 46 / 90 45 / 87 43 / 79 43 / 71 34 / 62 34 / 50 26 / 39
Quartile Ranking 4 2 4 2 2 3 3 3 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.09% -0.88% 0.12% 0.72% 0.26% -1.19% -0.55% 3.55% 2.29% 0.66% 0.25% 0.27%
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

5.53% (April 2020)

Worst Monthly Return Since Inception

-11.43% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.12% 1.10% 4.56% 4.07% -1.93% 8.83% 5.61% 3.14% -10.25% 7.67%
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 3 3 4 3 3 3 4 2 3 3
Category Rank 22/ 38 30/ 49 53/ 62 46/ 71 56/ 78 53/ 84 67/ 89 39/ 93 59/ 101 64/ 111

Best Calendar Return (Last 10 years)

8.83% (2019)

Worst Calendar Return (Last 10 years)

-10.25% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 44.17
Canadian Corporate Bonds 40.24
Canadian Equity 4.28
Cash and Equivalents 3.91
US Equity 2.28
Other 5.12

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.76
Cash and Cash Equivalent 3.92
Financial Services 2.78
Energy 1.04
Mutual Fund 0.78
Other 2.72

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
CI Corporate Bond Fund Class I 100.17
Canadian Dollar -0.17

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 Class Series A

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 5.57% 7.61% 5.74%
Beta 0.55% 0.59% 0.33%
Alpha 0.01% 0.02% 0.01%
Rsquared 0.50% 0.27% 0.18%
Sharpe -0.39% 0.06% 0.21%
Sortino -0.64% -0.10% -0.09%
Treynor -0.04% 0.01% 0.04%
Tax Efficiency - 22.89% 64.09%
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 4.57% 5.57% 7.61% 5.74%
Beta 0.57% 0.55% 0.59% 0.33%
Alpha 0.04% 0.01% 0.02% 0.01%
Rsquared 0.54% 0.50% 0.27% 0.18%
Sharpe 0.40% -0.39% 0.06% 0.21%
Sortino 1.79% -0.64% -0.10% -0.09%
Treynor 0.03% -0.04% 0.01% 0.04%
Tax Efficiency 63.98% - 22.89% 64.09%

Fund Details

Start Date August 31, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $164

Fund Codes

FundServ Code Load Code Sales Status
CIG50043

Investment Objectives

The Fund’s investment objective is to provide investors with a return that is similar to the return of Signature Corporate Bond Fund, or another North American and/or international bond fund managed by the Manager (the “Reference Fund”). The investment objective of the Reference Fund is to achieve a yield advantage by using fundamental value analysis to evaluate investments, by investing mainly in fixed income securities that are investment grade and below investment grade.

Investment Strategy

To achieve its investment objective, the Fund will invest substantially all of its assets in securities of the Reference Fund. The Reference Fund will invest primarily in fixed income securities that are investment grade and below investment grade, and may invest a portion or all of the Reference Fund’s assets in foreign securities.

Portfolio Manager(s)

Name Start Date
CI Investments Inc 11-01-2017

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 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 1.57%
Management Fee 1.05%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) 0.15%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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