The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Fund Price: $12.20 (as at August 28, 2014)  1-day chg: $0 0.00%  YTD: 2.60%

Returns as at July 31, 2014

  Fund Group Avg Index*
1 Month 0.33% 0.04% 0.04%
3 Months 0.75% 0.43% 0.44%
6 Months 1.24% 0.73% 0.73%
1 Year 3.38% 1.77% 1.91%
2 Year Avg 2.53% 1.16% 1.20%
3 Year Avg 2.95% 1.38% 1.46%
4 Year Avg 3.23% 1.56% 1.68%
5 Year Avg 3.30% 1.78% 1.91%
10 Year Avg - 2.39% 2.50%
15 Year Avg - 3.10% 2.97%
20 Year Avg - 4.13% 3.79%
Since Inception 3.46% - -
 
2013 1.62% 0.43% 0.48%
2012 2.75% 1.40% 1.39%
2011 5.79% 3.04% 2.96%
 
3 year risk 1.08 1.19 0.91
3 year beta 1.06 1.02 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 July 31, 2014

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 Sep 13): 1.41 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 July 31, 2014)
Total Assets: N/A
Mgmt Exp. Ratio (MER): 0.06%
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 July 31, 2014

Bond Type July 31, 2014

Bond Term July 31, 2014

Top Holdings as at July 31, 2014

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at August 28, 2014
1 Year Performance (%)
  Gov't of Canada, 1.25%, SEP/01/18 Bond 8.91   3.07 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 1.50%, FEB/01/17 Bond 6.11   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Metropolitan Toronto, 4.55%, MAY/20/15 Bond 3.55   -2.49 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Cadillac Fairview, 3.24%, JAN/25/16 Bond 3.21   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Teranet Holdings, 3.53%, DEC/16/15 Bond 3.19   - 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 2.71   3.36 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Anheuser-Busch InBev NV, 3.65%, JAN/15/16 Bond 2.7   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Wells Fargo & Co, 2.77%, FEB/09/17 Bond 2.55   1.22 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Canada Housing Trust, 1.95%, JUN/15/19 Bond 2.47   - 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 August 28, 2014)

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 28, 2014 0.0290 0.0290 0.0290 12.040

Portfolio Manager(s)

Jon Chew

Signature Global Advisors

Start Date: February, 2014

Fund Return: 0.15%

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

View fund manager performance report

John Shaw

Signature Global Advisors

Start Date: February, 2014

Fund Return: 0.15%

John Shaw, CFA, Vice-President, Portfolio Management and Portfolio Manager has 21 years experience in the investment industry, concentrating in international credit analysis, trading and portfolio management. His responsibilities are focused on corporate bonds and preferred shares. Prior to joining Signature in 2004, Mr. Shaw worked at Canada Life Assurance for 13 years, most recently as a U.S. corporate bond trader. He holds a BA in Economics from Queen�s University.

Also manages:CI Money Market, CI Money Market Cl Z, CI Select Staging, CI Short-Term Advantage Corp Class, CI Short-Term Corporate Class, CI Short-Term U$ Corp Class (US$), CI Signature Canadian Bond, CI Signature Corporate Bond, CI Signature Dividend, CI Signature Short-Term Bond, CI US Money Market (US$), Signature Canadian Balanced A, Signature Global Bond A, United Cash Management Pool-W, United Cdn Fixed Income Pool-W, United Global Fixed Income Pl-W, United Short Term Income Pool-W

View fund manager performance report