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CI Corporate Bond Fund (Class A units)

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Global Corp Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(12-24-2024) 		$9.68
Change
$0.00 (0.02%)

As at November 30, 2024

As at November 30, 2024

Period
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Legend

CI Corporate Bond Fund (Class A units)

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Fund Returns

Inception Return (December 31, 2001): 4.21%

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 1.36% 2.78% 6.50% 9.60% 12.12% 8.34% 2.47% 2.69% 3.04% 3.93% 3.16% 3.48% 3.77% 3.44%
Benchmark 1.01% 3.55% 7.27% 9.66% 11.06% 8.26% 1.01% 0.00% 1.40% 3.07% 2.50% 2.72% 2.91% 3.78%
Category Average 1.13% 1.75% 5.24% 6.09% 9.29% 6.53% 0.85% 0.91% 1.97% 3.09% - - - -
Category Rank 56 / 158 49 / 154 42 / 123 33 / 114 29 / 114 35 / 113 42 / 103 43 / 96 41 / 92 38 / 88 39 / 82 30 / 69 30 / 66 24 / 44
Quartile Ranking 2 2 2 2 2 2 2 2 2 2 2 2 2 3

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 2.30% 0.77% 0.44% 1.12% -0.69% 1.25% 0.87% 2.18% 0.54% 1.48% -0.08% 1.36%
Benchmark 1.28% 0.85% 0.16% 0.87% -0.72% 1.05% 0.71% 3.42% -0.54% 2.07% 0.44% 1.01%

Best Monthly Return Since Inception

5.52% (April 2020)

Worst Monthly Return Since Inception

-11.42% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 4.72% 0.55% 7.96% 4.16% -1.25% 9.12% 5.62% 3.16% -10.25% 8.20%
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 2 3 3 3 3 2 3 2
Category Rank 33/ 40 41/ 52 29/ 66 46/ 75 54/ 82 49/ 88 67/ 92 38/ 96 62/ 103 47/ 113

Best Calendar Return (Last 10 years)

9.12% (2019)

Worst Calendar Return (Last 10 years)

-10.25% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 42.71
Canadian Corporate Bonds 39.42
Cash and Equivalents 6.01
Canadian Equity 4.63
US Equity 2.12
Other 5.11

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 86.52
Cash and Cash Equivalent 6.01
Financial Services 2.62
Energy 1.26
Mutual Fund 0.74
Other 2.85

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.70
Latin America 0.88
Europe 0.42

Top Holdings

Top Holdings
Name Percent
Cash 1.78
Fairfax India Holdings Corp 5.00% 26-Feb-2028 1.05
Dresdner Funding Trust I 8.15% 30-Jun-2029 0.90
Quotient Hldgs Fin Co Ltd Sr 144A Nt 1230 12.00% 15-Apr-2030 0.90
Inter Pipeline Ltd 6.63% 19-Nov-2079 0.76
Citigroup Capital XIII - Pfd 0.74
Pembina Pipeline Corp 4.80% 25-Jan-2081 0.66
United States Treasury 3.88% 15-Aug-2034 0.57
Inter Pipeline Ltd 6.88% 26-Mar-2079 0.57
Barclays Bank Plc 6.28% 15-Dec-2171 0.56

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 Fund (Class A units)

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 5.86% 7.72% 5.92%
Beta 0.66% 0.62% 0.35%
Alpha 0.02% 0.02% 0.02%
Rsquared 0.60% 0.30% 0.18%
Sharpe -0.16% 0.13% 0.33%
Sortino -0.10% 0.05% 0.12%
Treynor -0.01% 0.02% 0.06%
Tax Efficiency 27.39% 40.14% 45.89%
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 2.98% 5.86% 7.72% 5.92%
Beta 0.63% 0.66% 0.62% 0.35%
Alpha 0.05% 0.02% 0.02% 0.02%
Rsquared 0.65% 0.60% 0.30% 0.18%
Sharpe 2.36% -0.16% 0.13% 0.33%
Sortino 8.53% -0.10% 0.05% 0.12%
Treynor 0.11% -0.01% 0.02% 0.06%
Tax Efficiency 86.78% 27.39% 40.14% 45.89%

Fund Details

Start Date December 31, 2001
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,681

Fund Codes

FundServ Code Load Code Sales Status
CIG1150
CIG14212
CIG9010
CIG9060

Investment Objectives

The fund's investment objective is to achieve a yield advantage by using fundamental value analysis to evaluate investments. The fund will invest mainly in fixed income securities that are investment grade and below investment grade. The fundamental investment objective of the fund can only be changed with the approval of a majority of the votes cast by unitholders at a meeting specifically to vote on the change of fundamental investment objectives.

Investment Strategy

The portfolio advisor selects securities whose fundamental value it believes is not reflected in their credit ratings and yields. It first identifies companies that have the long-term ability to generate sufficient money to service their debt and reinvest in their business. The portfolio advisor also considers the impact of economic trends on interest rates and economic growth. The portfolio advisor may use techniques such as fundamental analysis to assess cash flow and growth potential.

Portfolio Manager(s)

Name Start Date
John Shaw 01-01-2006
Geof Marshall 01-01-2006

Management and Organization

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

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.56%
Management Fee 1.05%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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