The Uncorrelated, ‘Modern Core’ Bond Fund
CI Investment Grade Bond Fund
Low interest rates across much of the developed world have left ﬁxed-income investors with the prospect of insufﬁcient yields and low total returns. It is now more important than ever to ensure that clients’ ﬁxed-income portfolios are being overseen by a proven management team with the expertise and levers at their disposal to navigate this challenging yield environment. And that’s exactly what you get from Marret Asset Management, one of Canada’s premier credit research teams.
CI Investment Grade Bond Fund’s strategies have consistently generated alpha over the past three calendar years.
Calendar Year Returns
|CI Investment Grade Bond Fund – Class A||3.48%||4.68%||4.25%|
|CI Investment Grade Bond Fund – Class F||4.20%||5.14%||4.91%|
|FTSE TMX Canada Universe Bond Index||2.52%||1.66%||3.52%|
|1 Year||3 Year||Since Inception||Inception Date|
|CI Investment Grade Bond Fund – Class A||0.11%||2.73%||3.43%||2014-12-30|
|CI Investment Grade Bond Fund – Class F||0.64%||3.34%||4.03%||2014-12-30|
|FTSE TMX Canada Universe Bond Index||0.76%||1.97%||2.54%|
Buffering Equity Risk
The most important characteristic of a core bond fund is its ability to insulate a portfolio from equity risk and CI Investment Grade Bond Fund has demonstrated its ability to weather equity drawdowns very well.
Performance During Equity Corrections2
2As deﬁned by periods when the S&P/TSX Composite was down by at least 3%. Source: Morningstar Direct, as of June 30, 2018.
Key Reasons to Invest
- Core bond positioning focused on generating alpha and low-to-negative correlation to risk assets
- Flexible mandate with numerous hedging tools, including unparalleled active duration management to minimize interest-rate risk and dampen volatility
- Global exposure for greater opportunities outside of Canada
Fund Size$558 million
Inception DateDecember 30, 20141
12 Mth Dist. Yield2.4%
Average Credit Quality A
Emerging Markets Debt
Stretch for yield
The information contained herein is not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed. The indicated rates of return are the historical annual compound total returns net of fees (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns.