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CI Investment Grade Bond ETF - Hedged Common Units (FIG : TSX)

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Global Corp Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Close
(11-20-2024) 		$9.40
Change
-$0.01 (-0.11%)
Open $9.38
Day Range $9.38 - $9.40
Volume 8,260

As at October 31, 2024

As at October 31, 2024

  • Closing Price / Volume
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Legend

CI Investment Grade Bond ETF - Hedged Common Units

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Fund Returns

Inception Return (October 23, 2009): 3.04%

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 -0.66% 1.36% 5.96% 4.54% 11.79% 6.11% -0.45% -0.65% 0.56% 1.87% 1.50% 1.74% 2.18% 1.96%
Benchmark 0.44% 1.96% 7.32% 8.56% 13.44% 10.26% 1.57% -0.22% 1.36% 3.04% 2.42% 2.25% 2.87% 3.82%
Category Average -0.72% 5.44% 5.44% 4.91% 12.29% 7.44% 0.49% 1.18% 1.77% 2.82% - - - -
Category Rank 95 / 156 98 / 153 52 / 122 63 / 114 82 / 114 92 / 113 73 / 103 76 / 96 69 / 92 66 / 87 60 / 82 47 / 69 45 / 66 34 / 42
Quartile Ranking 3 3 2 3 3 4 3 4 3 4 3 3 3 4

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 3.39% 3.43% -0.47% -0.02% 0.58% -1.42% 1.51% 0.93% 2.03% 0.34% 1.68% -0.66%
Benchmark 3.17% 1.28% 0.85% 0.16% 0.87% -0.72% 1.05% 0.71% 3.42% -0.54% 2.07% 0.44%

Best Monthly Return Since Inception

4.28% (January 2010)

Worst Monthly Return Since Inception

-3.84% (June 2013)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 5.35% 0.20% 4.59% 4.54% 0.64% 6.30% 8.15% -2.01% -12.25% 6.25%
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 4 4 4 3 1 3 1 4 3 4
Category Rank 31/ 40 42/ 52 55/ 66 39/ 75 11/ 82 66/ 88 18/ 92 87/ 96 77/ 103 88/ 113

Best Calendar Return (Last 10 years)

8.15% (2020)

Worst Calendar Return (Last 10 years)

-12.25% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 43.67
Cash and Equivalents 23.93
Foreign Government Bonds 15.39
Canadian Government Bonds 12.95
Foreign Corporate Bonds 4.18
Other -0.12

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 76.18
Cash and Cash Equivalent 23.93
Other -0.11

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00
Europe 0.00

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.88% 15-Aug-2034 14.74
Canada Government 3.00% 01-Jun-2034 3.88
Ontario Province 4.15% 02-Dec-2054 3.03
TRANSCANADA PIPELINE STRIP DISCOUNT NOTE 2.61
SUNCOR ENERGY INC NEW DISCOUNT NOTE 1.93
Canada Government 2.75% 01-Dec-2055 1.87
IGM Financial Inc 6.00% 10-Dec-2040 1.44
Ontario Province 4.15% 02-Jun-2034 1.29
Cash and Cash Equivalents 1.27
Air Lease Corp 2.63% 29-Nov-2024 1.20

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

CI Investment Grade Bond ETF - Hedged Common Units

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 6.03% 5.62% 4.57%
Beta 0.71% 0.66% 0.42%
Alpha -0.02% 0.00% 0.00%
Rsquared 0.69% 0.64% 0.45%
Sharpe -0.62% -0.28% 0.10%
Sortino -0.71% -0.54% -0.29%
Treynor -0.05% -0.02% 0.01%
Tax Efficiency - - 20.27%
Volatility Volatility rating is 2 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 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.31% 6.03% 5.62% 4.57%
Beta 0.90% 0.71% 0.66% 0.42%
Alpha 0.00% -0.02% 0.00% 0.00%
Rsquared 0.57% 0.69% 0.64% 0.45%
Sharpe 1.26% -0.62% -0.28% 0.10%
Sortino 4.05% -0.71% -0.54% -0.29%
Treynor 0.07% -0.05% -0.02% 0.01%
Tax Efficiency 85.22% - - 20.27%

Fund Details

Start Date October 23, 2009
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $186
52 Week High $9.58
52 Week Low $8.72
Annual Dividend $0.38
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

The objectives of the CI ETF are: (i) to provide unitholders with monthly cash distributions; and (ii) to maximize total returns for unitholders consisting primarily of monthly distributions, while reducing risk and preserving capital.

Investment Strategy

The portfolio shall consist primarily of U.S., Canadian and European investment grade bonds and investment grade debt securities. The CI ETF may also invest up to 20% of the Portfolio in non-investment grade debt securities or high-yield corporate bonds rated, in each case, BB- or better (by Standard and Poors, or the equivalent rating and another nationally recognized credit rating agency).

Portfolio Manager(s)

Name Start Date
Paul Sandhu 10-16-2020
Adam Tuer 10-16-2020
CI Global Asset Management 06-22-2021

Management and Organization

Fund Manager CI Global Asset Management
Advisor CI Global Asset Management
Custodian CIBC Mellon Trust Company
Registrar TSX Trust Company
Distributor -
Auditor Ernst & Young LLP

Fees

MER 0.77%
Management Fee 0.65%

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