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Short Term Income Corporate Class (Series A shares)

Cdn Short Term Fixed Inc

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(11-01-2024)
$10.32
Change
-$0.01 (-0.05%)

As at September 30, 2024

As at September 30, 2024

Period
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Legend

Short Term Income Corporate Class (Series A shares)

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Fund Returns

Inception Return (October 22, 2007): 0.61%

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 1.02% 2.58% 3.28% 3.62% 6.78% 3.38% -0.21% -0.55% 0.15% 0.16% 0.01% -0.21% -0.26% -0.15%
Benchmark 1.26% 3.28% 4.58% 5.04% 9.22% 5.27% 1.77% 1.30% 2.01% 2.37% 2.16% 1.81% 1.82% 1.93%
Category Average 1.15% 2.98% 4.08% 4.64% 8.66% 5.09% 1.45% 1.19% 1.68% 1.93% 1.71% 1.44% 1.45% 1.39%
Category Rank 223 / 322 223 / 313 256 / 309 271 / 280 239 / 278 259 / 261 247 / 247 234 / 234 229 / 229 214 / 214 200 / 200 184 / 184 174 / 174 162 / 162
Quartile Ranking 3 3 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund 0.44% 1.27% 1.32% -0.10% 0.11% 0.32% -0.35% 0.58% 0.46% 1.31% 0.23% 1.02%
Benchmark 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86% 0.79% 1.36% 0.63% 1.26%

Best Monthly Return Since Inception

1.34% (January 2015)

Worst Monthly Return Since Inception

-1.72% (March 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.23% 0.27% -1.17% -1.36% -0.64% -0.04% 3.46% -2.62% -6.21% 3.18%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 4 4 4 4 4 4 4 4 4 4
Category Rank 128/ 145 147/ 166 178/ 179 182/ 184 192/ 204 219/ 219 186/ 229 235/ 235 237/ 249 253/ 261

Best Calendar Return (Last 10 years)

3.46% (2020)

Worst Calendar Return (Last 10 years)

-6.21% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 60.93
Cash and Equivalents 19.44
Canadian Government Bonds 17.18
Canadian Bonds - Other 2.46
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 80.56
Cash and Cash Equivalent 19.44

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Short Term Income Pool (Series I units) 99.78
Canadian Dollar 0.22

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Short Term Income Corporate Class (Series A shares)

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.57% 2.18% 1.68%
Beta 0.86% 0.87% 0.80%
Alpha -0.02% -0.02% -0.02%
Rsquared 0.95% 0.94% 0.89%
Sharpe -1.38% -0.94% -1.01%
Sortino -1.34% -1.40% -1.85%
Treynor -0.04% -0.02% -0.02%
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 1.95% 2.57% 2.18% 1.68%
Beta 0.84% 0.86% 0.87% 0.80%
Alpha -0.01% -0.02% -0.02% -0.02%
Rsquared 0.94% 0.95% 0.94% 0.89%
Sharpe 0.96% -1.38% -0.94% -1.01%
Sortino 5.08% -1.34% -1.40% -1.85%
Treynor 0.02% -0.04% -0.02% -0.02%
Tax Efficiency 100.00% - - -

Fund Details

Start Date October 22, 2007
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $8

Fund Codes

FundServ Code Load Code Sales Status
CIG17552
CIG17652
CIG17752
CIG17852

Investment Objectives

The primary investment objective of the Short Term Income Corporate Class is to earn a high level of current income while preserving invested capital and liquidity, primarily through investments in high quality fixed income securities with short term (under five years) maturities.

Investment Strategy

The fund currently achieves its investment objectives by investing all of its assets in Short Term Income Pool (the underlying fund), which has the same portfolio adviser and objectives as the fund. The portfolio adviser utilizes fundamental and technical analysis and other rational measures of value to identify high quality fixed income securities with short term maturities (under five years).

Portfolio Manager(s)

Name Start Date
Leanne Ongaro 02-25-2020
John Shaw 02-25-2020

Management and Organization

Fund Manager CI Global Asset Management
Advisor CI Global Asset Management
Custodian RBC Investor Services Trust (Canada)
Registrar CI Global Asset Management
Distributor Assante Capital Management Ltd.
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 2.14%
Management Fee 1.75%
Load Choice of Front or No Load
FE Max 4.00%
DSC Max 5.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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