Fund Spotlight - CI Investment Grade Bond Fund

A Core Fixed-Income Solution

CI Investment Grade Bond Fund aims to protect client’s capital through the use of active hedging of interest rate and credit risk while being fully hedged to the Canadian dollar.

With its low risk rating and attractive monthly distribution, the fund sets itself apart from other fixed-income funds through its active management, negative correlation to equities and outperformance over its benchmark.


Features & Key Benefits

  • adaption icon

    Leverages Marret Asset Management's robust qualitative and quantitative strategies to quickly adapt to market changes

  • analysis icon

    Marret utilizes a combination of a top-down macroeconomic analysis and bottom-up company and security analysis to find the geographies, sectors and companies that offer an attractive risk-reward

  • protection icon

    The Fund offers true negative correlation to both the S&P 500 Index and S&P/TSX Composite Index to better protect clients’ capital

Attractive risk-adjusted returns

 

Risk-reward graph - CI Investment Grade Bond Class F standard deviation is 3.5% and the return is 3.9%, FTSE Canada All Corporate Bond Index standard deviation is 4.1% and the return is 3.1%, Morningstar Category standard deviation is 4.1% and the return is 3.2%.

Morningstar category: Global Corporate Fixed Income Category

Source: Morningstar Direct based on monthly returns from 01/01/2015 - 06/30/2020.

Portfolio Performance % 1 Year 3 Year 5 Year 10 Year Since Inception*
CI Investment Grade Bond Fund Class F 6.0% 4.1% 4.3% n/a 4.7%
FTSE Canada All Corporate Bond Index 6.6% 5.0% 4.4% 5.0% 4.4%
Global Corporate Fixed Income Category 6.6% 4.3% 4.2% 5.2% 4.3%
Number of Category Peers 112 93 68 18 n/a

*CI Investment Grade Bond Fund inception date is December 24, 2014.
Source: Morningstar Direct, as at June 30, 2020.


Speak to an advisor about how CI Investment Grade Bond Fund may be right for your portfolio.


Advisors, please contact your CI Sales Team representative to learn more.

IMPORTANT DISCLAIMERS

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all dividends/distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

This document is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Market conditions may change which may impact the information contained in this document. All charts and illustrations in this document are for illustrative purposes only. They are not intended to predict or project investment results. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies.

Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI Investments Inc has taken reasonable steps to ensure their accuracy. Market conditions may change which may impact the information contained in this document.

Certain statements in this document are forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” plan,” “believe,” or “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Although the FLS contained herein are based upon what CI Investments Inc. and the portfolio manager believe to be reasonable assumptions, neither CI Investments Inc. nor the portfolio manager can assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.

The comparison presented is intended to illustrate the fund’s historical performance as compared with the historical performance of widely quoted market indices or a weighted blend of widely quoted market indices or another investment fund. There are various important differences that may exist between the fund and the stated indices that may affect the performance of each. The objectives and strategies of the fund result in holdings that do not necessarily reflect the constituents of and their weights within the comparable indices. Indices are unmanaged and their returns do not include any sales charges or fees. It is not possible to invest directly in market indices.

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© 2020 Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Marret Asset Management Inc. is a portfolio sub-advisor to certain funds offered and managed by CI Investments Inc. Marret Asset Management Inc., is a majority owned subsidiary of CI Financial Corp. and an affiliate of CI Investments Inc.

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Published: August 5, 2020.