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CI Investment Grade Bond Fund (Class A units)

Global Corp Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2017

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NAVPS
(02-14-2025)
$9.06
Change
$0.01 (0.14%)

As at January 31, 2025

As at January 31, 2025

Period

Chart

Combination chart with 2 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
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Legend

CI Investment Grade Bond Fund (Class A units)

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Fund Returns

Inception Return (December 24, 2014): 1.75%

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 0.78% 1.42% 2.56% 0.78% 5.84% 3.73% -0.27% -1.43% -0.41% 0.76% 0.87% 1.05% 1.48% 1.50%
Benchmark 1.35% 3.08% 5.10% 1.35% 10.96% 7.94% 2.94% 0.81% 1.40% 3.04% 3.31% 3.20% 2.54% 2.96%
Category Average 0.75% 1.45% 2.89% 0.75% 6.26% 5.40% 1.49% 0.82% 1.64% 2.76% - - - -
Category Rank 104 / 158 99 / 158 105 / 154 104 / 158 72 / 116 92 / 113 83 / 103 80 / 96 78 / 93 87 / 91 73 / 83 68 / 75 60 / 66 46 / 52
Quartile Ranking 3 3 3 3 3 4 4 4 4 4 4 4 4 4

Monthly Return

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -1.5471 to 3.4206.
End of interactive chart.
Monthly Return
Return % Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Fund -0.16% 0.56% -1.55% 1.45% 0.91% 1.98% 0.30% 1.60% -0.75% 1.40% -0.75% 0.78%
Benchmark 0.16% 0.87% -0.72% 1.05% 0.71% 3.42% -0.54% 2.07% 0.44% 1.01% 0.69% 1.35%

Best Monthly Return Since Inception

3.37% (December 2023)

Worst Monthly Return Since Inception

-3.34% (April 2022)

Calendar Return (%)

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -12.580631 to 15.407616.
End of interactive chart.
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 4.25% 4.68% 3.48% -0.21% 5.49% 7.01% -2.82% -12.58% 4.77% 4.46%
Benchmark 15.41% 0.66% 2.08% 5.22% 5.81% 8.39% -3.78% -10.63% 6.54% 10.41%
Category Average - - - - 9.03% 6.89% 0.56% -10.54% 7.62% 5.63%
Quartile Ranking 1 4 3 2 4 2 4 4 4 3
Category Rank 9/ 52 54/ 66 56/ 75 36/ 82 74/ 88 37/ 92 96/ 96 79/ 103 107/ 113 75/ 114

Best Calendar Return (Last 10 years)

7.01% (2020)

Worst Calendar Return (Last 10 years)

-12.58% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 54.38
Foreign Government Bonds 21.16
Cash and Equivalents 8.23
Canadian Government Bonds 8.13
Foreign Corporate Bonds 6.71
Other 1.39

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.25
Cash and Cash Equivalent 8.22
Other 1.53

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00
Europe 0.00

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.25% 15-Nov-2034 18.25
Canada Government 2.75% 01-Dec-2055 1.74
United States Treasury 4.38% 31-Dec-2029 1.72
Canada Government 3.00% 01-Jun-2034 1.65
Swap Vm Citi Usd 1.46
Royal Bank Of Canada 4.28% 04-Feb-2035 1.19
Cash 1.17
Molson Coors International LP 3.44% 15-Apr-2026 1.10
McDonald's Corp 4.86% 21-Mar-2031 1.07
RioCan REIT 4.00% 01-Mar-2028 1.03

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation). Data ranges from 3.3394 to 11.9744.
The chart has 1 Y axis displaying Return. Data ranges from -4.658811 to 7.933038.
End of interactive chart.

CI Investment Grade Bond Fund (Class A units)

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 5.86% 5.49% 4.44%
Beta 0.74% 0.66% 0.42%
Alpha -0.02% -0.01% 0.00%
Rsquared 0.72% 0.63% 0.41%
Sharpe -0.65% -0.47% -0.01%
Sortino -0.70% -0.75% -0.42%
Treynor -0.05% -0.04% 0.00%
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 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 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.79% 5.86% 5.49% 4.44%
Beta 0.76% 0.74% 0.66% 0.42%
Alpha -0.02% -0.02% -0.01% 0.00%
Rsquared 0.59% 0.72% 0.63% 0.41%
Sharpe 0.40% -0.65% -0.47% -0.01%
Sortino 1.18% -0.70% -0.75% -0.42%
Treynor 0.02% -0.05% -0.04% 0.00%
Tax Efficiency 79.90% - - -

Fund Details

Start Date December 24, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $222

Fund Codes

FundServ Code Load Code Sales Status
CIG1185
CIG2185
CIG3185

Investment Objectives

The fund seeks to generate income and capital appreciation by investing primarily in a diversified portfolio of corporate bonds rated BBB- and above by a recognized bond rating agency, issued anywhere in 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 invest primarily in Canadian, U.S. and European corporate bonds that are rated BBB- or above by a recognized bond rating agency. The portfolio advisor will use fundamental analysis as well as actively manage the portfolio to generate incremental returns, and will focus on the fund's four tenets of capital preservation, high quality credit investments, liquidity and active currency management.

Portfolio Manager(s)

Name Start Date
Adam Tuer 12-24-2014
CI Global Asset Management 12-24-2014

Management and Organization

Fund Manager CI Global Asset Management
Advisor CI Global Asset Management
Custodian CIBC Mellon Trust Company
Registrar CI Global Asset Management
Distributor -
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.58%
Management Fee 1.25%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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