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CI Floating Rate Income Fund Series A

Floating Rate Loan

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023, 2022, 2021, 2020

Click for more information on Fundata’s FundGrade

NAVPS
(05-30-2025)
$9.57
Change
$0.00 (-0.02%)

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 20…$9,000$10,000$11,000$12,000$13,000$14,000$15,000$9,500$10,500$11,500$12,500Period

Legend

CI Floating Rate Income Fund Series A

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Fund Returns

Inception Return (June 01, 2017): 4.15%

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 -0.90% -1.00% 1.44% -0.30% 4.55% 7.06% 6.14% 4.82% 6.81% 4.69% 4.35% - - -
Benchmark 0.14% 4.36% 6.01% 6.05% 13.32% 11.58% 12.83% 7.78% 8.77% 5.59% 4.92% 4.72% 5.80% 5.74%
Category Average -0.59% -1.59% 0.25% -1.10% 3.21% 5.86% 4.12% 3.25% 5.24% 2.70% 2.79% 2.97% 3.45% 2.93%
Category Rank 33 / 77 14 / 77 14 / 77 14 / 77 29 / 77 33 / 76 24 / 76 24 / 75 21 / 75 17 / 70 19 / 67 - - -
Quartile Ranking 2 1 1 1 2 2 2 2 2 1 2 - - -

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%4%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 0.61% 0.39% 0.67% 0.22% 0.41% 0.72% 0.85% 0.89% 0.71% 0.15% -0.25% -0.90%
Benchmark 1.58% -0.30% 2.37% 0.46% 1.62% 0.99% -1.53% 1.52% 1.61% 0.58% 3.62% 0.14%

Best Monthly Return Since Inception

3.58% (April 2020)

Worst Monthly Return Since Inception

-11.50% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - 0.34% 7.27% 1.50% 6.83% -0.53% 8.92% 8.81%
Benchmark 11.20% 4.59% 6.15% 2.81% 1.22% 5.27% -0.97% -0.86% 14.42% 11.13%
Category Average -0.88% 8.41% 4.02% 0.32% 6.37% -0.22% 4.16% -4.30% 9.97% 6.92%
Quartile Ranking - - - 3 1 1 1 2 4 2
Category Rank - - - 49/ 67 17/ 69 15/ 75 8/ 75 22/ 75 64/ 76 35/ 77

Best Calendar Return (Last 10 years)

8.92% (2023)

Worst Calendar Return (Last 10 years)

-0.53% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 54.15
Cash and Equivalents 35.16
Canadian Equity 4.23
Foreign Government Bonds 2.49
Foreign Bonds - Other 2.08
Other 1.89

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 59.73
Cash and Cash Equivalent 35.17
Financial Services 3.05
Telecommunications 0.99
Technology 0.51
Other 0.55

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.93
Europe 0.01
Other 0.06

Top Holdings

Top Holdings
Name Percent
US DOLLAR 6.31
Cash and Cash Equivalents 4.95
AVOLON 9/24 B6 TL 0.00% 03-Oct-2030 2.25
CANADIAN DOLLAR 2.08
AIR CANADA 3/24TLB 0.00% 17-Mar-2031 2.08
CITIGROUP INC 5.95% 31-Dec-2049 2.06
Genworth Financial Inc 6.59% 15-Nov-2066 1.97
Everest Reinsurance Hldgs Inc 6.97% 31-May-2025 1.94
CHARTER COMM 11/24 TLB 0.00% 15-Dec-2031 1.84
AMR/AADVANTAGE 2/25 TLB 0.00% 20-Apr-2028 1.82

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 Return12345678-4%-2%0%2%4%6%8%10%12%

CI Floating Rate Income Fund Series A

Median

Other - Floating Rate Loan

3 Yr Annualized

Standard Deviation 3.21% 3.03% -
Beta 0.17% 0.20% -
Alpha 0.04% 0.05% -
Rsquared 0.12% 0.20% -
Sharpe 0.66% 1.40% -
Sortino 1.44% 2.06% -
Treynor 0.13% 0.21% -
Tax Efficiency 59.59% 70.34% -
Volatility 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 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 1.80% 3.21% 3.03% -
Beta -0.03% 0.17% 0.20% -
Alpha 0.05% 0.04% 0.05% -
Rsquared 0.01% 0.12% 0.20% -
Sharpe 0.42% 0.66% 1.40% -
Sortino 1.17% 1.44% 2.06% -
Treynor -0.26% 0.13% 0.21% -
Tax Efficiency 48.96% 59.59% 70.34% -

Fund Details

Start Date June 01, 2017
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $81

Fund Codes

FundServ Code Load Code Sales Status
CIG70086
CIG70186
CIG70286

Investment Objectives

The fund’s objective is to generate income by investing in floating rate debt instruments of issuers located anywhere in the world. The fund also purchases fixed-income debt instruments and money market securities of domestic and foreign issuers. 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 adviser selects securities whose fundamental value it believes is not reflected in their credit ratings and yields. The fund invests in floating rate loans and other debt securities of Canadian and foreign issuers rated below investment grade by a “designated rating organization” as defined under National Instrument 81-102 Investment Funds (“NI 81-102”), including agencies such as Moody’s Investor Services and Standard & Poor’s.

Portfolio Management

Portfolio Manager

CI Global Asset Management

  • Geof Marshall
  • Darren Arrowsmith
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 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.13%
Management Fee 0.85%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 5.50%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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