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Fund Price: $12.76 (as at April 28, 2017)  1-day chg: $0 0.00%  YTD: 0.87%

Returns as at March 31, 2017

  Fund Group Avg Index*
1 Month 0.08% 0.09% 0.09%
3 Months 0.63% 0.60% 0.60%
6 Months 0.47% -0.06% 0.00%
1 Year 1.35% 0.88% 0.99%
2 Year Avg 1.11% 0.40% 0.33%
3 Year Avg 2.00% 0.99% 0.90%
4 Year Avg 2.03% 0.80% 0.84%
5 Year Avg 2.26% 1.04% 1.04%
10 Year Avg - 2.05% 2.01%
15 Year Avg - 2.32% 2.37%
20 Year Avg - 3.09% 2.77%
Since Inception 2.97% - -
 
2016 0.94% 0.72% 0.79%
2015 2.36% 0.57% 0.30%
2014 3.44% 1.75% 1.74%
 
3 year risk 0.97 1.53 0.96
3 year beta 0.84 1.00 1.00

*Globe Cdn Short Tm Fixed Inc Peer Index

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Cdn Short Tm Fixed Inc Peer Index.

Risk Measures as at March 31, 2017

Best/Worst 12 months (since inception)
Best (ending Dec 11): 5.79 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Feb 16): 0.80 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 1 High

Fund Objectives

The primary investment objective of the Short Term Income Corporate Class is to earn a high level of current income while preserving invested capital and liquidity, primarily through investments in high quality fixed income securities with short term (under five years) maturities. Such investments may include liquid securities of or guaranteed by the Government of Canada or any province thereof, obligations of and deposits in interest-bearing accounts in any chartered bank or trust company, government or corporate bonds and debentures, mortgages or other fixed income investments and preferred stock. Any change to the investment objectives must be approved by a majority of the votes cast by shareholders at a meeting called to consider the change.

Fund Facts

Fund Sponsor: United Financial Corporation
Managed by: CI Investments Inc.
Fund Type: MF Corp
Inception Date: August 2008
Asset Class: Canadian Short Term Fixed Income
Quartile Rank: 1 (3YR ending March 31, 2017)
Total Assets: $1.9 million
Mgmt Exp. Ratio (MER): 0.01%
Management Fee: 0.00%
Load Type: No Load
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$250,000
Subsequent:
$50
Min. Invest (initial RRSP):
$250,000
Subsequent RRSP:
$50
Closed:
No
Restricted:
Yes
Restriction:
(Min Initial Investment $250,000)
 
 

Asset Allocation March 31, 2017

Bond Type March 31, 2017

Bond Term March 31, 2017

Top Holdings as at March 31, 2017

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at April 28, 2017
1 Year Performance (%)
  City of Toronto, 5.05%, JUL/18/17 Bond 27.49   -3.42 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Quebec, 4.50%, DEC/01/17 Bond 23.23   -3.04 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Quebec Province 4.500% 01-Dec-2019 Bond 22.07   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 0.50%, FEB/01/19 Bond 16.88   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Ontario Province 4.000% 02-Jun-2021 Bond 13.88   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 0.50%, NOV/01/18 Bond 11.46   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  City of Montreal, 5.00%, DEC/01/18 Bond 5.09   -2.9 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Ontario, 2.10%, SEP/08/18 Bond 4.6   -0.58 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  CIBC, 3.00%, OCT/28/24 Bond 3.22   -2.56 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 0.25%, MAY/01/18 Bond 3.18   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Distribution Report (18 months up to April 28, 2017)

Frequency of Income Distributions: Annually

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Mar 24, 2016 0.0373 0.0201 0.0575 0.0575 12.550

Portfolio Manager(s)

John Shaw, Jon Chew

CI Investments Inc.

Start Date: February, 2014

Fund Return: -0.13%

Also manages:CI Money Market, CI Money Market Cl Z, CI Short-Term Advantage Corp Class, CI Short-Term Advg Corp Cl E US$, CI Short-Term Advg Corp Cl O US$, CI Short-Term Corporate Class, CI Short-Term U$ Corp Class (US$), CI Signature Short-Term Bond, United Cash Management Pool-W, United Short Term Income Pool-W

View fund manager performance report