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CI Canadian Core Plus Bond Fund (Class I units)

Canadian 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

2021, 2020, 2019

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NAVPS
(04-22-2024)
$8.11
Change
$0.00 (-0.04%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

CI Canadian Core Plus Bond Fund (Class I units)

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Fund Returns

Inception Return (March 31, 2015): 1.61%

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 2.03% 3.08% 13.46% 3.08% 8.57% -0.78% -1.91% 0.07% 0.96% 1.62% 1.71% 2.15% 1.61% -
Benchmark 0.48% -1.28% 6.84% -1.28% 1.93% -0.14% -1.50% -0.83% 0.22% 1.02% 1.12% 1.15% 1.09% 2.01%
Category Average 0.52% 6.86% 6.86% -1.11% 2.05% -0.60% -2.10% -0.66% -0.15% 0.47% 0.49% 0.61% 0.47% 1.18%
Category Rank 1 / 625 2 / 621 1 / 616 2 / 621 2 / 604 478 / 586 344 / 560 151 / 531 62 / 495 58 / 457 34 / 422 17 / 384 50 / 347 -
Quartile Ranking 1 1 1 1 1 4 3 2 1 1 1 1 1 -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.09% -1.72% 0.56% -0.19% -1.24% -2.83% -1.70% 5.79% 5.85% 0.19% 0.84% 2.03%
Benchmark 0.90% -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48%

Best Monthly Return Since Inception

5.85% (December 2023)

Worst Monthly Return Since Inception

-4.62% (August 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - 3.04% 3.66% 0.28% 9.85% 10.09% -0.92% -18.08% 8.73%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking - - 1 1 3 1 1 1 4 1
Category Rank - - 58/ 375 7/ 420 293/ 446 4/ 492 47/ 522 43/ 553 578/ 582 3/ 598

Best Calendar Return (Last 10 years)

10.09% (2020)

Worst Calendar Return (Last 10 years)

-18.08% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 41.15
Canadian Government Bonds 20.27
Foreign Government Bonds 17.61
Canadian Equity 14.52
Cash and Equivalents 3.79
Other 2.66

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 76.96
Financial Services 13.30
Technology 4.73
Cash and Cash Equivalent 3.79
Consumer Services 1.23
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.36
Europe 1.64

Top Holdings

Top Holdings
Name Percent
Constellation Software Inc - Debenture Sr 1 4.73
United States Treasury 1.88% 15-Feb-2041 4.61
United States Treasury 3.63% 15-Feb-2053 4.52
Toronto-Dominion Bank - Pfd Cl A Sr 1 3.87
United States Treasury 4.13% 15-Aug-2053 3.66
Canada Government 2.50% 01-Dec-2032 3.48
Canada Government 1.50% 01-Dec-2031 3.42
United States Treasury 2.88% 15-May-2052 3.17
Bank of Montreal 3.19% 01-Mar-2028 3.15
Canada Government 1.75% 01-Dec-2053 3.00

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

CI Canadian Core Plus Bond Fund (Class I units)

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 8.66% 7.75% -
Beta 1.19% 1.14% -
Alpha 0.00% 0.01% -
Rsquared 0.83% 0.84% -
Sharpe -0.48% -0.09% -
Sortino -0.70% -0.31% -
Treynor -0.04% -0.01% -
Tax Efficiency - - -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.53% 8.66% 7.75% -
Beta 1.26% 1.19% 1.14% -
Alpha 0.06% 0.00% 0.01% -
Rsquared 0.82% 0.83% 0.84% -
Sharpe 0.41% -0.48% -0.09% -
Sortino 1.28% -0.70% -0.31% -
Treynor 0.03% -0.04% -0.01% -
Tax Efficiency 80.45% - - -

Fund Details

Start Date March 31, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,051

Fund Codes

FundServ Code Load Code Sales Status
CIG1330

Investment Objectives

The investment objective of fund is to provide stability of capital and income with the potential for capital appreciation. The fund aims to achieve its objective by investing primarily in a portfolio of fixed-income securities issued by Canadian and foreign governments and corporations. Any change to the fundamental investment objective must be approved by a majority of votes cast at a meeting of unitholders held for that reason.

Investment Strategy

The fund primarily invests in fixed-income securities such as bonds, debentures, preferred shares and notes issued by Canadian federal, provincial and municipal governments and corporations, and asset-backed and mortgage-backed securities, bank loans and floating rate debt instruments, creating a portfolio with an average duration of no less than 3.5 years and no greater than 9 years. In selecting such securities, the portfolio advisor emphasizes bonds of high credit quality.

Portfolio Manager(s)

Name Start Date
Grant Connor 02-15-2024
John Shaw 02-15-2024

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 0.00%
Management Fee 1.35%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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