Join Fund Library now and get free access to personalized features to help you manage your investments.

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

2023, 2022, 2021, 2020

Click for more information on Fundata’s FundGrade

NAVPS
(07-19-2024)
$9.67
Change
$0.00 (0.01%)

As at June 30, 2024

As at June 30, 2024

Period
Loading...

Legend

CI Floating Rate Income Fund Series A

Compare Options


Fund Returns

Inception Return (June 01, 2017): 4.14%

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 0.39% 1.63% 4.80% 4.80% 9.57% 9.57% 4.93% 6.85% 4.87% 4.42% 4.31% - - -
Benchmark -0.30% 2.13% 5.33% 5.33% 13.25% 16.55% 6.25% 6.37% 4.73% 4.21% 3.99% 4.77% 4.74% 4.59%
Category Average 0.27% 3.15% 3.15% 3.15% 8.13% 7.37% 3.21% 4.80% 2.76% 2.82% 2.96% 3.44% 2.95% 3.11%
Category Rank 43 / 78 47 / 78 22 / 78 22 / 78 41 / 77 27 / 77 25 / 76 18 / 76 18 / 71 19 / 68 21 / 68 - - -
Quartile Ranking 3 3 2 2 3 2 2 1 2 2 2 - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.53% 1.00% 0.60% 0.26% 0.94% 1.15% 1.02% 0.83% 1.23% 0.63% 0.61% 0.39%
Benchmark 1.38% 2.55% -1.17% 2.29% 2.51% -0.20% 1.33% 1.50% 0.28% 0.84% 1.58% -0.30%

Best Monthly Return Since Inception

3.58% (April 2020)

Worst Monthly Return Since Inception

-11.50% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - 0.34% 7.27% 1.50% 6.83% -0.53% 8.92%
Benchmark 1.85% 11.20% 4.59% 6.15% 2.81% 1.22% 5.27% -0.97% -0.86% 14.42%
Category Average 3.44% -0.88% 8.41% 4.02% 0.32% 6.37% -0.22% 4.16% -4.30% 9.97%
Quartile Ranking - - - - 3 1 1 1 2 4
Category Rank - - - - 50/ 68 17/ 70 15/ 76 8/ 76 22/ 76 64/ 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 66.96
Cash and Equivalents 22.10
Canadian Equity 7.93
Foreign Government Bonds 1.60
Canadian Corporate Bonds 0.99
Other 0.42

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 69.31
Cash and Cash Equivalent 22.10
Financial Services 6.56
Telecommunications 1.06
Energy 0.72
Other 0.25

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.99
Europe 0.01

Top Holdings

Top Holdings
Name Percent
US DOLLAR 5.21
AIR CANADA 3/24TLB 0.00% 17-Mar-2031 2.82
Genworth Financial Inc 7.59% 15-Nov-2066 2.72
Everest Reinsurance Hldgs Inc 7.97% 26-Jul-2024 2.65
CASTLELAKE AVIAT 9/21 TLB 0.00% 22-Oct-2026 2.55
Charter Communications Inc 24-Jan-2027 2.47
BLACKSTONE CQP 6/24 TL 0.00% 31-Dec-2030 2.40
AAdvantage Loyalty IP Ltd 0.00% 15-Mar-2028 2.26
USB REALTY CORP 144A 6.73% 31-Dec-2049 2.23
AVOLON 6/23 B6 COV-LITE TLB 0.00% 22-Jun-2028 2.20

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

CI Floating Rate Income Fund Series A

Median

Other - Floating Rate Loan

3 Yr Annualized

Standard Deviation 3.28% 6.33% -
Beta 0.20% 0.56% -
Alpha 0.04% 0.02% -
Rsquared 0.20% 0.56% -
Sharpe 0.57% 0.45% -
Sortino 0.86% 0.36% -
Treynor 0.09% 0.05% -
Tax Efficiency 57.24% 59.10% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 2 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 1.06% 3.28% 6.33% -
Beta 0.00% 0.20% 0.56% -
Alpha 0.09% 0.04% 0.02% -
Rsquared 0.00% 0.20% 0.56% -
Sharpe 4.06% 0.57% 0.45% -
Sortino - 0.86% 0.36% -
Treynor 450.63% 0.09% 0.05% -
Tax Efficiency 68.43% 57.24% 59.10% -

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) $61

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 Manager(s)

Name Start Date
Darren Arrowsmith 06-01-2017
Geof Marshall 06-01-2017

Management and Organization

Fund Manager CI Investments Inc
Advisor CI Investments Inc
Custodian CIBC Mellon Trust Company
Registrar CI Investments Inc
Distributor -
Auditor Ernst & Young LLP

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) -

Join Fund Library now and get free access to personalized features to help you manage your investments.