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CI High Yield Bond Fund (Series A units)
High Yield Fixed Income
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FundGrade B
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FundGrade A+® Rating Recipient
2017
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|
NAVPS (06-25-2026) |
$9.59 |
|---|---|
| Change |
$0.00
(-0.01%)
|
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (July 26, 2013): 4.73%
| 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 | 0.77% | 0.98% | 2.54% | 2.23% | 6.65% | 6.69% | 8.44% | 6.29% | 3.60% | 5.79% | 4.19% | 4.20% | 3.82% | 4.84% |
| Benchmark | 1.73% | 1.68% | 1.44% | 2.26% | 8.06% | 9.95% | 10.49% | 9.66% | 6.15% | 5.57% | 5.13% | 5.59% | 4.78% | 5.90% |
| Category Average | 0.59% | 0.76% | 1.82% | 1.55% | 5.97% | 6.38% | 6.97% | 5.03% | 2.71% | 4.22% | 3.51% | 3.44% | 3.18% | 3.77% |
| Category Rank | 86 / 253 | 75 / 253 | 44 / 250 | 58 / 251 | 82 / 246 | 93 / 242 | 62 / 236 | 70 / 233 | 79 / 227 | 58 / 219 | 88 / 213 | 74 / 195 | 76 / 185 | 51 / 169 |
| Quartile Ranking | 2 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.32% | 0.66% | 0.71% | 0.96% | 0.13% | 0.17% | 0.30% | 0.73% | 0.50% | -0.95% | 1.18% | 0.77% |
| Benchmark | 1.47% | 1.52% | 0.80% | 2.13% | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% |
Best Monthly Return Since Inception
5.60% (April 2020)
Worst Monthly Return Since Inception
-15.24% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 12.71% | 4.72% | -0.38% | 9.00% | 4.20% | 4.85% | -10.75% | 11.78% | 10.07% | 5.15% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 3 | 3 | 1 | 3 | 3 | 2 | 3 | 1 | 1 | 3 |
| Category Rank | 85/ 168 | 108/ 176 | 32/ 187 | 156/ 211 | 133/ 218 | 87/ 223 | 156/ 230 | 36/ 236 | 59/ 242 | 140/ 243 |
Best Calendar Return (Last 10 years)
12.71% (2016)
Worst Calendar Return (Last 10 years)
-10.75% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 72.83 |
| Canadian Corporate Bonds | 20.90 |
| Cash and Equivalents | 4.12 |
| US Equity | 0.82 |
| Canadian Government Bonds | 0.82 |
| Other | 0.51 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 94.33 |
| Cash and Cash Equivalent | 4.12 |
| Energy | 0.49 |
| Real Estate | 0.48 |
| Mutual Fund | 0.26 |
| Other | 0.32 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 95.05 |
| Europe | 2.67 |
| Latin America | 2.28 |
Top Holdings
| Name | Percent |
|---|---|
| Cash | 2.98 |
| Apld Computeco Llc 9.25% 15-Dec-2030 | 1.71 |
| Energy Transfer Lp 6.75% 15-Feb-2056 | 1.57 |
| Altagas Ltd 7.20% 15-Oct-2054 | 1.46 |
| Toronto-Dominion Bank 5.75% PERP | 1.41 |
| Core Scientific Finance I Llc 7.75% 15-May-2031 | 1.23 |
| Rogers Communications Inc 6.25% 31-Jul-2056 | 1.23 |
| Fairfax India Holdings Corp 5.00% 26-Feb-2028 | 1.16 |
| Edged Compute Llc 7.50% 30-Apr-2031 | 1.11 |
| Royal Bank Of Canada 7.41% 24-Aug-2174 | 1.11 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
CI High Yield Bond Fund (Series A units)
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 3.60% | 5.56% | 7.19% |
|---|---|---|---|
| Beta | 0.38 | 0.64 | 0.80 |
| Alpha | 0.04 | 0.00 | 0.00 |
| Rsquared | 0.21% | 0.49% | 0.48% |
| Sharpe | 1.28 | 0.14 | 0.43 |
| Sortino | 2.83 | 0.18 | 0.35 |
| Treynor | 0.12 | 0.01 | 0.04 |
| Tax Efficiency | 75.63% | 35.75% | 51.48% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.07% | 3.60% | 5.56% | 7.19% |
| Beta | 0.26 | 0.38 | 0.64 | 0.80 |
| Alpha | 0.04 | 0.04 | 0.00 | 0.00 |
| Rsquared | 0.15% | 0.21% | 0.49% | 0.48% |
| Sharpe | 1.99 | 1.28 | 0.14 | 0.43 |
| Sortino | 2.86 | 2.83 | 0.18 | 0.35 |
| Treynor | 0.16 | 0.12 | 0.01 | 0.04 |
| Tax Efficiency | 69.98% | 75.63% | 35.75% | 51.48% |
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) | $393 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIG1634 | ||
| CIG24014 | ||
| CIG24015 | ||
| CIG24114 | ||
| CIG24115 | ||
| CIG24214 | ||
| CIG24314 | ||
| CIG24315 | ||
| 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
|
|---|---|
| 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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