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CI Floating Rate Income Fund Series A
Floating Rate Loan
Click for more information on Fundata’s FundGrade
FundGrade A
Click for more information on Fundata’s FundGrade.
FundGrade A+® Rating Recipient
2025, 2024, 2023, 2022, 2021
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|
NAVPS (06-19-2026) |
$9.55 |
|---|---|
| Change |
$0.00
(0.01%)
|
As at May 31, 2026
As at May 31, 2026
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Fund Returns
Inception Return (June 01, 2017): 4.28%
| 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 | 0.57% | 1.44% | 2.10% | 1.83% | 4.48% | 4.81% | 6.73% | 6.42% | 4.86% | 6.33% | 4.87% | 4.51% | - | - |
| Benchmark | 1.25% | 1.18% | 0.47% | 0.86% | 5.92% | 9.12% | 10.77% | 11.60% | 7.56% | 7.79% | 5.87% | 5.60% | 4.77% | 5.49% |
| Category Average | 0.33% | 1.82% | 1.40% | 1.24% | 2.93% | 3.55% | 5.46% | 4.73% | 3.38% | 4.57% | 2.97% | 2.97% | 3.07% | 3.45% |
| Category Rank | 28 / 80 | 61 / 80 | 12 / 80 | 26 / 80 | 18 / 80 | 23 / 76 | 26 / 75 | 23 / 75 | 23 / 74 | 16 / 74 | 17 / 69 | 20 / 66 | - | - |
| Quartile Ranking | 2 | 4 | 1 | 2 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.51% | 0.61% | 0.20% | 0.45% | 0.24% | 0.31% | 0.27% | 0.23% | 0.14% | 0.04% | 0.82% | 0.57% |
| Benchmark | 3.17% | -0.61% | 1.78% | 1.96% | -1.40% | 0.48% | -0.39% | -0.04% | -0.27% | -0.70% | 0.63% | 1.25% |
Best Monthly Return Since Inception
3.58% (April 2020)
Worst Monthly Return Since Inception
-11.50% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | 0.34% | 7.27% | 1.50% | 6.83% | -0.53% | 8.92% | 8.81% | 3.49% |
| Benchmark | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% | 11.13% | 12.24% |
| Category Average | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% | 6.92% | 1.90% |
| Quartile Ranking | - | - | 3 | 1 | 1 | 1 | 2 | 4 | 2 | 1 |
| Category Rank | - | - | 48/ 66 | 17/ 68 | 16/ 74 | 9/ 74 | 23/ 74 | 64/ 75 | 35/ 76 | 18/ 80 |
Best Calendar Return (Last 10 years)
8.92% (2023)
Worst Calendar Return (Last 10 years)
-0.53% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 71.90 |
| Cash and Equivalents | 11.92 |
| Canadian Corporate Bonds | 7.08 |
| Foreign Bonds - Other | 3.28 |
| Canadian Equity | 3.05 |
| Other | 2.77 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 83.52 |
| Cash and Cash Equivalent | 11.92 |
| Telecommunications | 1.93 |
| Financial Services | 0.86 |
| Real Estate | 0.83 |
| Other | 0.94 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.04 |
| Europe | 0.02 |
| Other | -0.06 |
Top Holdings
| Name | Percent |
|---|---|
| US DOLLAR | 3.88 |
| AVOLON 9/24 B6 TL 0.00% 03-Oct-2030 | 1.99 |
| Genworth Financial Inc 6.59% 15-Nov-2066 | 1.85 |
| Janus Henderson AAA CLO ETF (JAAA) | 1.77 |
| Invesco Senior Loan ETF (BKLN) | 1.76 |
| Everest Reinsurance Hldgs Inc 6.97% 29-Jun-2025 | 1.74 |
| BLACKFIN PIPELINE 10/25 COV - LITE TLB 0.00% 29-Sep-2032 | 1.66 |
| WESTJET AIRLINES 1/24 TL 0.00% 14-Feb-2031 | 1.66 |
| USB REALTY CORP 144A 5.08% 31-Dec-2049 | 1.64 |
| CHARTER COMM 11/24 TLB 0.00% 15-Dec-2031 | 1.62 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
CI Floating Rate Income Fund Series A
Median
Other - Floating Rate Loan
3 Yr Annualized
| Standard Deviation | 1.55% | 2.69% | - |
|---|---|---|---|
| Beta | 0.02 | 0.16 | - |
| Alpha | 0.06 | 0.04 | - |
| Rsquared | 0.00% | 0.15% | - |
| Sharpe | 1.91 | 0.70 | - |
| Sortino | 4.78 | 1.00 | - |
| Treynor | 1.76 | 0.12 | - |
| Tax Efficiency | 64.21% | 57.29% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.79% | 1.55% | 2.69% | - |
| Beta | 0.06 | 0.02 | 0.16 | - |
| Alpha | 0.04 | 0.06 | 0.04 | - |
| Rsquared | 0.13% | 0.00% | 0.15% | - |
| Sharpe | 2.59 | 1.91 | 0.70 | - |
| Sortino | 5.84 | 4.78 | 1.00 | - |
| Treynor | 0.33 | 1.76 | 0.12 | - |
| Tax Efficiency | 57.24% | 64.21% | 57.29% | - |
Fund Details
| Start Date | June 01, 2017 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $94 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIG24006 | ||
| CIG24007 | ||
| CIG24106 | ||
| CIG24107 | ||
| CIG24206 | ||
| CIG24306 | ||
| CIG24307 | ||
| CIG70086 | ||
| CIG70186 | ||
| CIG70286 |
Investment Objectives
The fund’s objective is to generate income by investing in floating rate debt instruments of issuers located anywhere in the world. The fund also purchases fixed-income debt instruments and money market securities of domestic and foreign issuers. 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 portfolio adviser selects securities whose fundamental value it believes is not reflected in their credit ratings and yields. The fund invests in floating rate loans and other debt securities of Canadian and foreign issuers rated below investment grade by a “designated rating organization” as defined under National Instrument 81-102 Investment Funds (“NI 81-102”), including agencies such as Moody’s Investor Services and Standard & Poor’s.
Portfolio Management
| Portfolio Manager |
CI Global Asset Management
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
CI Global Asset Management |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
CI Global Asset Management |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 50 |
Fees
| MER | 1.12% |
|---|---|
| Management Fee | 0.85% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | 5.50% |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.25% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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