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CI High Yield Bond Fund (Class A units)

High Yield Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2017

Click for more information on Fundata’s FundGrade

NAVPS
(07-19-2024)
$9.44
Change
$0.00 (-0.04%)

As at June 30, 2024

As at June 30, 2024

Period
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Legend

CI High Yield Bond Fund (Class A units)

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Fund Returns

Inception Return (July 26, 2013): 4.41%

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 0.82% 1.45% 4.79% 4.79% 11.67% 9.28% 1.56% 5.11% 3.13% 3.45% 3.22% 4.45% 3.72% 3.91%
Benchmark 1.79% 2.35% 6.59% 6.59% 14.42% 13.47% 3.38% 3.80% 3.77% 4.27% 4.15% 5.14% 5.27% 5.98%
Category Average 0.68% 2.56% 2.56% 2.56% 7.97% 6.42% 0.23% 2.95% 2.20% 2.59% 2.42% 3.11% 2.73% 2.49%
Category Rank 118 / 301 96 / 301 64 / 301 64 / 301 47 / 295 61 / 292 85 / 286 63 / 276 93 / 270 87 / 250 85 / 238 62 / 221 71 / 193 45 / 181
Quartile Ranking 2 2 1 1 1 1 2 1 2 2 2 2 2 1

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.20% 0.54% -1.03% -1.16% 3.58% 2.35% 1.42% 0.50% 1.34% -0.46% 1.09% 0.82%
Benchmark 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55% 0.00% 1.79%

Best Monthly Return Since Inception

5.60% (April 2020)

Worst Monthly Return Since Inception

-15.24% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 5.06% -0.18% 12.71% 4.72% -0.38% 9.00% 4.20% 4.85% -10.75% 11.78%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 1 2 2 3 1 3 3 2 3 1
Category Rank 35/ 173 51/ 185 97/ 201 122/ 229 52/ 240 172/ 265 163/ 275 99/ 277 199/ 286 40/ 295

Best Calendar Return (Last 10 years)

12.71% (2016)

Worst Calendar Return (Last 10 years)

-10.75% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 69.43
Canadian Corporate Bonds 17.92
Cash and Equivalents 4.81
Canadian Equity 4.19
US Equity 1.39
Other 2.26

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.38
Cash and Cash Equivalent 4.81
Financial Services 3.00
Energy 0.82
Consumer Goods 0.62
Other 1.37

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.88
Latin America 1.20
Europe 0.01
Other -0.09

Top Holdings

Top Holdings
Name Percent
Toronto-Dominion Bank - Pfd Sr 24 1.87
Citigroup Inc 3.88% 18-May-2173 1.72
Royal Bank Of Canada 7.41% 24-Aug-2172 1.63
CAD Cash Sweep 1.55
Fairfax India Holdings Corp 5.00% 26-Feb-2028 1.40
United States Treasury 3.88% 15-Aug-2033 1.25
Carnival Corp 6.00% 01-May-2029 1.17
Inter Pipeline Ltd 6.88% 26-Mar-2079 1.16
Inter Pipeline Ltd 6.63% 19-Nov-2079 1.16
Enbridge Inc 6.25% 01-Mar-2028 1.11

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

CI High Yield Bond Fund (Class A units)

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 6.80% 9.67% 7.49%
Beta 0.73% 1.04% 0.71%
Alpha -0.01% -0.01% 0.00%
Rsquared 0.54% 0.58% 0.43%
Sharpe -0.18% 0.15% 0.36%
Sortino -0.25% 0.07% 0.19%
Treynor -0.02% 0.01% 0.04%
Tax Efficiency - 21.55% -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.85% 6.80% 9.67% 7.49%
Beta 0.52% 0.73% 1.04% 0.71%
Alpha 0.04% -0.01% -0.01% 0.00%
Rsquared 0.16% 0.54% 0.58% 0.43%
Sharpe 1.31% -0.18% 0.15% 0.36%
Sortino 4.04% -0.25% 0.07% 0.19%
Treynor 0.12% -0.02% 0.01% 0.04%
Tax Efficiency 81.92% - 21.55% -

Fund Details

Start Date July 26, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $368

Fund Codes

FundServ Code Load Code Sales Status
CIG1634
CIG2634
CIG3634

Investment Objectives

The fund’s objective is to obtain income and capital appreciation by investing in high yield corporate bonds and other income-producing securities throughout the world. 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 advisor will focus primarily on corporate bonds and debt obligations that are rated BBB or below by a recognized North American bond rating agency. The portfolio advisor selects securities whose fundamental value it believes is not reflected in their credit ratings and yields. The fund may also invest in bank loans, convertible bonds, floating rate debt instruments and private placements as permitted by securities regulations. The fund may also invest in emerging market bonds.

Portfolio Manager(s)

Name Start Date
Brad Benson 07-26-2013
Geof Marshall 07-26-2013

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 1.93%
Management Fee 1.35%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) 0.30%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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