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CI High Yield Bond Fund (Series 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
(08-28-2025)
$9.56
Change
$0.01 (0.10%)

As at July 31, 2025

As at July 31, 2025

Period
Created with Highcharts 10.3.3May 2014May 2015May 2016May 2017May 2018May 2019May 2020May 2021May 2022May 2023May 2024May 2025Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2025Sep 2013May 2015Jan 2017Sep 2018May 2020Jan 2022Sep 2023May 2025M…$10,000$12,000$14,000$16,000$18,000$9,000$11,000$13,000Period

Legend

CI High Yield Bond Fund (Series A units)

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Fund Returns

Inception Return (July 26, 2013): 4.67%

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% 3.78% 1.80% 2.80% 6.09% 8.62% 7.44% 3.18% 5.00% 3.76% 3.98% 3.83% 4.46% 4.22%
Benchmark 1.52% 4.11% 0.97% 2.93% 9.96% 13.20% 12.00% 5.55% 4.98% 5.16% 5.45% 5.52% 5.66% 5.65%
Category Average 0.49% 3.34% 2.47% 3.50% 6.34% 7.54% 5.76% 2.09% 3.34% 3.08% 3.26% 3.04% 3.42% 3.29%
Category Rank 90 / 241 76 / 241 168 / 238 163 / 238 150 / 238 81 / 231 62 / 231 78 / 225 65 / 215 88 / 210 75 / 192 68 / 180 51 / 165 55 / 156
Quartile Ranking 2 2 3 3 3 2 2 2 2 2 2 2 2 2

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Fund 0.82% 1.10% -0.12% 1.18% 0.20% 0.98% 0.51% -0.98% -1.44% 1.76% 1.32% 0.66%
Benchmark -0.48% 2.00% 2.26% 0.82% 2.08% 1.94% 0.36% -0.24% -3.14% 1.07% 1.47% 1.52%

Best Monthly Return Since Inception

5.60% (April 2020)

Worst Monthly Return Since Inception

-15.24% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -0.18% 12.71% 4.72% -0.38% 9.00% 4.20% 4.85% -10.75% 11.78% 10.07%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking 2 3 3 1 4 3 2 3 1 1
Category Rank 45/ 149 85/ 163 107/ 171 32/ 182 156/ 207 128/ 214 86/ 218 151/ 225 36/ 231 58/ 237

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 72.21
Canadian Corporate Bonds 17.34
Cash and Equivalents 6.85
US Equity 1.83
Canadian Government Bonds 1.38
Other 0.39

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.44
Cash and Cash Equivalent 6.85
Financial Services 0.65
Consumer Goods 0.51
Consumer Services 0.48
Other 1.07

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.36
Europe 1.27
Latin America 1.19
Asia 0.19

Top Holdings

Top Holdings
Name Percent
Cash 4.08
Boeing Co 3.75% 01-Aug-2049 1.88
Royal Bank Of Canada 7.41% 24-Aug-2173 1.62
Venture Global Lng Inc 9.00% 30-Mar-2173 1.16
Fairfax India Holdings Corp 5.00% 26-Feb-2028 1.15
Enbridge Inc 6.25% 01-Mar-2028 1.12
RHP Hotel Properties LP 6.50% 01-Apr-2032 1.08
Enbridge Inc 6.00% 15-Jan-2027 1.03
Altagas Ltd 7.20% 15-Oct-2054 0.99
Toronto-Dominion Bank 5.75% PERP 0.98

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678910110%2%4%6%8%10%12%14%16%

CI High Yield Bond Fund (Series A units)

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.15% 6.03% 7.47%
Beta 0.62% 0.62% 0.78%
Alpha 0.00% 0.02% 0.00%
Rsquared 0.31% 0.41% 0.46%
Sharpe 0.65% 0.42% 0.36%
Sortino 1.49% 0.52% 0.24%
Treynor 0.05% 0.04% 0.03%
Tax Efficiency 71.01% 53.25% 42.42%
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 3 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 3.28% 5.15% 6.03% 7.47%
Beta 0.37% 0.62% 0.62% 0.78%
Alpha 0.02% 0.00% 0.02% 0.00%
Rsquared 0.37% 0.31% 0.41% 0.46%
Sharpe 0.85% 0.65% 0.42% 0.36%
Sortino 1.40% 1.49% 0.52% 0.24%
Treynor 0.07% 0.05% 0.04% 0.03%
Tax Efficiency 67.21% 71.01% 53.25% 42.42%

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) $380

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 Management

Portfolio Manager

CI Global Asset Management

  • Geof Marshall
  • Brad Benson
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 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.72%
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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