CI First Asset Investment Grade Bond ETF

Fund Overview

The Fund's investment objectives are: (i) to provide unitholders with monthly cash distributions; and (ii) to maximize total returns for unitholders consisting primarily of monthly distributions, while reducing risk and preserving capital. Under normal market conditions, the Fund will be primarily invested in investment grade bonds and investment grade debt securities.

Investor suitability
For those who:

  • want global investment grade corporate bond exposure on a CAD hedged basis
  • want to receive regular monthly cash flows (if any)
  • can tolerate low risk.

Performance

 1m3m6mYTD1y2y3y4y5y10ySI
FIG 0.13%1.07%6.90%6.62%5.90%6.97%4.95%4.31%4.62%3.70%4.50%
As at: 30 Sep 2020

 

Historical NAVs

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns. CI First Asset Investment Grade Bond ETF (FIG) was originally launched as a TSX-listed closed-end fund on October 23, 2009, and converted into an exchange traded fund on August 22, 2016. Performance shown is since inception of the closed-end fund. In connection with the conversion, and pursuant to unitholder approval, the annual management fee payable by the Fund to CI Investments Inc., as manager, was increased to 0.65% (from 0.50%) of the NAV per unit and certain changes were made to the investment objectives, strategies and restrictions applicable to the Fund. Material among these changes is that the Fund is no longer able to utilize leverage in its portfolio. Had these changes been in effect prior to this date the performance of the Fund could have been different.


Key Facts

Fund Characteristics

Weighted Average Duration7.17
Weighted Average Term to Maturity10.46
Weighted Average Coupon % *2.91
Weighted Average Yield to Maturity %1.78
Weighted Average Current Yield % *2.67
Cash and Equivalents %3.40
As at 30 Sep, 2020
* Corporate and government bonds only.

Rating Summary (%) *

AAA4.80
AA10.30
A22.20
BBB60.80
BB1.90
As at 30 Sep, 2020
* Corporate and government bonds only.

Number of securities: 300

Asset Allocation

Security Type%
Corporate Bond52.59%
Foreign Bond23.85%
Government Bond21.68%
Currency Security1.86%
Future0.03%

Top Holdings

NameSecurity TypeISINTicker %
GOVERNMENT OF CANADA - 2.75% (01/12/2048) Government BondCA135087D358 CAN 5.76
U S TREASURY BOND - 1.25% (15/05/2050) Government BondUS912810SN90 T 3.97
U S TREASURY NOTE - 2.88% (15/05/2028) Government BondUS9128284N73 T 3.79
U S TREASURY BOND - 1.38% (15/08/2050) Government BondUS912810SP49 WIT 1.72
HUSKY ENERGY INC - 3.50% (07/02/2028) Corporate BondCA448055AS21 HSECN 1.55
CO-OPERATORS FINL SVCS LTD - 3.33% (13/05/2030) Corporate BondCA18976JAC41 COOPFS 1.48
THOMSON REUTERS CORP - 2.24% (14/05/2025) Corporate BondCA884903BW40 TRICN 1.12
OMERS FINANCE TR - 1.55% (21/04/2027) Government BondCAC68012AD21 1.12
TORONTO DOMINION BANK - 3.11% (22/04/2030) Corporate BondCA89117FWS42 TD 1.10
AVIVA PLC - 4.00% (02/10/2030) Foreign BondCAG06871AA82 AVLN 0.98

As at: 30 September 2020
Holdings are subject to change

22.59%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 3.36% (as at 19 Oct 2020)

FIGTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$7.16970$5.71970$1.45000--$1.19489$2.05569$3.37046$0.22865-
2020 +$0.32000$0.32000--------
26-Oct$0.03200$0.03200--------
24-Sep$0.03200$0.03200--------
25-Aug$0.03200$0.03200--------
27-Jul$0.03200$0.03200--------
24-Jun$0.03200$0.03200--------
25-May$0.03200$0.03200--------
24-Apr$0.03200$0.03200--------
25-Mar$0.03200$0.03200--------
24-Feb$0.03200$0.03200--------
27-Jan$0.03200$0.03200--------
2019 +$0.37620$0.37620----$0.22219$0.07559$0.07841-
23-Dec$0.03200$0.03200----$0.01890$0.00643$0.00667-
25-Nov$0.03200$0.03200----$0.01890$0.00643$0.00667-
25-Oct$0.03200$0.03200----$0.01890$0.00643$0.00667-
24-Sep$0.02420$0.02420----$0.01429$0.00486$0.00504-
26-Aug$0.03200$0.03200----$0.01890$0.00643$0.00667-
25-Jul$0.03200$0.03200----$0.01890$0.00643$0.00667-
24-Jun$0.03200$0.03200----$0.01890$0.00643$0.00667-
27-May$0.03200$0.03200----$0.01890$0.00643$0.00667-
24-Apr$0.03200$0.03200----$0.01890$0.00643$0.00667-
25-Mar$0.03200$0.03200----$0.01890$0.00643$0.00667-
22-Feb$0.03200$0.03200----$0.01890$0.00643$0.00667-
25-Jan$0.03200$0.03200----$0.01890$0.00643$0.00667-
2018 +$0.38400$0.38400---$0.15048-$0.13224$0.10128-
21-Dec$0.03200$0.03200---$0.01254-$0.01102$0.00844-
26-Nov$0.03200$0.03200---$0.01254-$0.01102$0.00844-
25-Oct$0.03200$0.03200---$0.01254-$0.01102$0.00844-
24-Sep$0.03200$0.03200---$0.01254-$0.01102$0.00844-
27-Aug$0.03200$0.03200---$0.01254-$0.01102$0.00844-
25-Jul$0.03200$0.03200---$0.01254-$0.01102$0.00844-
25-Jun$0.03200$0.03200---$0.01254-$0.01102$0.00844-
25-May$0.03200$0.03200---$0.01254-$0.01102$0.00844-
24-Apr$0.03200$0.03200---$0.01254-$0.01102$0.00844-
23-Mar$0.03200$0.03200---$0.01254-$0.01102$0.00844-
22-Feb$0.03200$0.03200---$0.01254-$0.01102$0.00844-
25-Jan$0.03200$0.03200---$0.01254-$0.01102$0.00844-
2017 +$0.48000$0.48000---$0.27576-$0.15528$0.04896-
28-Dec$0.04000$0.04000---$0.02298-$0.01294$0.00408-
29-Nov$0.04000$0.04000---$0.02298-$0.01294$0.00408-
30-Oct$0.04000$0.04000---$0.02298-$0.01294$0.00408-
28-Sep$0.04000$0.04000---$0.02298-$0.01294$0.00408-
30-Aug$0.04000$0.04000---$0.02298-$0.01294$0.00408-
28-Jul$0.04000$0.04000---$0.02298-$0.01294$0.00408-
29-Jun$0.04000$0.04000---$0.02298-$0.01294$0.00408-
30-May$0.04000$0.04000---$0.02298-$0.01294$0.00408-
27-Apr$0.04000$0.04000---$0.02298-$0.01294$0.00408-
30-Mar$0.04000$0.04000---$0.02298-$0.01294$0.00408-
27-Feb$0.04000$0.04000---$0.02298-$0.01294$0.00408-
30-Jan$0.04000$0.04000---$0.02298-$0.01294$0.00408-
2016 +$0.51500$0.51500---$0.42048-$0.09452--
29-Dec$0.04000$0.04000---$0.03266-$0.00734--
29-Nov$0.04000$0.04000---$0.03266-$0.00734--
28-Oct$0.04000$0.04000---$0.03266-$0.00734--
29-Sep$0.04000$0.04000---$0.03266-$0.00734--
30-Aug$0.04000$0.04000---$0.03266-$0.00734--
29-Jul$0.04500$0.04500---$0.03674-$0.00826--
30-Jun$0.04500$0.04500---$0.03674-$0.00826--
31-May$0.04500$0.04500---$0.03674-$0.00826--
29-Apr$0.04500$0.04500---$0.03674-$0.00826--
31-Mar$0.04500$0.04500---$0.03674-$0.00826--
29-Feb$0.04500$0.04500---$0.03674-$0.00826--
29-Jan$0.04500$0.04500---$0.03674-$0.00826--
2015 +$0.54000$0.54000---$0.34817-$0.19183--
31-Dec$0.04500$0.04500---$0.02901-$0.01599--
30-Nov$0.04500$0.04500---$0.02901-$0.01599--
30-Oct$0.04500$0.04500---$0.02901-$0.01599--
30-Sep$0.04500$0.04500---$0.02901-$0.01599--
31-Aug$0.04500$0.04500---$0.02901-$0.01599--
31-Jul$0.04500$0.04500---$0.02901-$0.01599--
30-Jun$0.04500$0.04500---$0.02901-$0.01599--
29-May$0.04500$0.04500---$0.02901-$0.01599--
30-Apr$0.04500$0.04500---$0.02901-$0.01599--
31-Mar$0.04500$0.04500---$0.02901-$0.01599--
27-Feb$0.04500$0.04500---$0.02901-$0.01599--
30-Jan$0.04500$0.04500---$0.02901-$0.01599--
2014 +$2.04000$0.59000$1.45000---$1.83350$0.20650--
31-Dec$0.04500$0.04500----$0.02925$0.01575--
28-Nov$0.04500$0.04500----$0.02925$0.01575--
31-Oct$0.05000$0.05000----$0.03250$0.01750--
31-Oct$1.45000-$1.45000---$1.45000---
30-Sep$0.05000$0.05000----$0.03250$0.01750--
29-Aug$0.05000$0.05000----$0.03250$0.01750--
31-Jul$0.05000$0.05000----$0.03250$0.01750--
30-Jun$0.05000$0.05000----$0.03250$0.01750--
30-May$0.05000$0.05000----$0.03250$0.01750--
30-Apr$0.05000$0.05000----$0.03250$0.01750--
31-Mar$0.05000$0.05000----$0.03250$0.01750--
28-Feb$0.05000$0.05000----$0.03250$0.01750--
31-Jan$0.05000$0.05000----$0.03250$0.01750--
2013 +$0.60000$0.60000-----$0.60000--
31-Dec$0.05000$0.05000-----$0.05000--
29-Nov$0.05000$0.05000-----$0.05000--
31-Oct$0.05000$0.05000-----$0.05000--
30-Sep$0.05000$0.05000-----$0.05000--
30-Aug$0.05000$0.05000-----$0.05000--
31-Jul$0.05000$0.05000-----$0.05000--
28-Jun$0.05000$0.05000-----$0.05000--
31-May$0.05000$0.05000-----$0.05000--
30-Apr$0.05000$0.05000-----$0.05000--
31-Mar$0.05000$0.05000-----$0.05000--
28-Feb$0.05000$0.05000-----$0.05000--
31-Jan$0.05000$0.05000-----$0.05000--
2012 +$0.60000$0.60000-----$0.60000--
31-Dec$0.05000$0.05000-----$0.05000--
30-Nov$0.05000$0.05000-----$0.05000--
31-Oct$0.05000$0.05000-----$0.05000--
30-Sep$0.05000$0.05000-----$0.05000--
31-Aug$0.05000$0.05000-----$0.05000--
31-Jul$0.05000$0.05000-----$0.05000--
29-Jun$0.05000$0.05000-----$0.05000--
31-May$0.05000$0.05000-----$0.05000--
30-Apr$0.05000$0.05000-----$0.05000--
31-Mar$0.05000$0.05000-----$0.05000--
29-Feb$0.05000$0.05000-----$0.05000--
31-Jan$0.05000$0.05000-----$0.05000--
2011 +$0.60000$0.60000-----$0.60000--
31-Dec$0.05000$0.05000-----$0.05000--
30-Nov$0.05000$0.05000-----$0.05000--
31-Oct$0.05000$0.05000-----$0.05000--
30-Sep$0.05000$0.05000-----$0.05000--
31-Aug$0.05000$0.05000-----$0.05000--
31-Jul$0.05000$0.05000-----$0.05000--
30-Jun$0.05000$0.05000-----$0.05000--
31-May$0.05000$0.05000-----$0.05000--
29-Apr$0.05000$0.05000-----$0.05000--
31-Mar$0.05000$0.05000-----$0.05000--
28-Feb$0.05000$0.05000-----$0.05000--
31-Jan$0.05000$0.05000-----$0.05000--
2010 +$0.60000$0.60000-----$0.60000--
31-Dec$0.05000$0.05000-----$0.05000--
30-Nov$0.05000$0.05000-----$0.05000--
29-Oct$0.05000$0.05000-----$0.05000--
30-Sep$0.05000$0.05000-----$0.05000--
31-Aug$0.05000$0.05000-----$0.05000--
30-Jul$0.05000$0.05000-----$0.05000--
30-Jun$0.05000$0.05000-----$0.05000--
31-May$0.05000$0.05000-----$0.05000--
30-Apr$0.05000$0.05000-----$0.05000--
31-Mar$0.05000$0.05000-----$0.05000--
26-Feb$0.05000$0.05000-----$0.05000--
29-Jan$0.05000$0.05000-----$0.05000--
2009 +$0.11450$0.11450-----$0.11450--
31-Dec$0.05000$0.05000-----$0.05000--
30-Nov$0.06450$0.06450-----$0.06450--

(1) Future distribution dates may be amended at any time. (2) Reinvested distributions are not paid in cash but instead remain invested in the Fund. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. (3) The characterization of distributions for tax purposes (such as dividends/other income/capital gains etc.) will not be known for certain until after the Fund's tax year end. Therefore investors will be informed of the characterization of the amounts distributed for tax purposes only for the entire year and not with each distribution. For tax purposes these amounts will be reported by brokers on official tax statements.

News

11 Apr 2018 Tide turns for bonds - volatility brings the spotlight back to fixed income Special to The Globe and Mail | Dianne Maley
23 Feb 2018 Actively managed ETFs just keep getting hotter The Globel and Mail | Clare O'Hara

Documents

5 Oct, 2020 - ETF Facts

National Instrument 81-106 Investment Fund Continuous Disclosure requires disclosure of the proxy voting record on an annual basis for the period ending on June 30 of each year. The proxy voting record must be posted on the website no later than August 31 of each year.

Canadian securities law provides that the manager of an investment funds (in this case, CI Investments Inc. ("CI")), acting on behalf of the investment fund, has the right and obligation to vote proxies relating to the investment fund's portfolio securities. As a practical matter, CI delegates this function to the applicable portfolio manager or sub-adviser, as part of the portfolio manager's or sub-adviser's general management of the investment fund assets, subject to oversight by CI. CI generally requires that applicable portfolio managers or sub-advisers vote all proxies in the best interest of CI's funds and their securityholders, as determined solely by the portfolio manager or sub-adviser, and subject to CI's proxy voting policy, the guidelines applicable to the individual portfolio manager or sub-adviser, and applicable legislation. Portfolio managers and sub-advisers are generally expected to vote on any matter for which the investment fund receives proxy materials for a meeting of securityholders of an issuer.

Proxy voting record for the most recent year:

30 Jun, 2020 - Proxy Voting Record

Warning: Documents posted on this website (including, without limitation, prospectuses) are current only as of the date on them

To access the SEDAR filings of CI First Asset Investment Grade Bond ETF please click here