CI TARGET 2029 INVESTMENT GRADE BOND FUND (CAD) CTMB.CA

The CI Target 2029 Investment Grade Bond Fund follows a target-maturity fixed-income strategy aimed at investors who want a bond portfolio that ends in 2029. Its objective is to generate income over a defined period by investing mainly in Canadian investment-grade bonds that mature in the target year.

The fund will terminate around November 30, 2029, unless an earlier date is set with notice to unit-holders. The mandate is to hold primarily Canadian dollar-denominated bonds, with a focus on investment-grade credit quality, including both corporate and government issuers.

It invests in bonds with maturities aligning with the 2029 target. The fund is actively managed, with credit research that assesses issuer financial condition, interest rate expectations, credit cycles, and sector-specific risks.

It may also use derivatives or invest in other funds for hedging or exposure purposes, and may hold cash or cash equivalents under certain market conditions. The issuer is CI Global Asset Management (CI Investments Inc.), and the fund is structured as an ETF/mutual fund series under Canadian regulatory frameworks.

It is part of CI's family of Target Maturity Investment Grade Bond Funds. The share classes/listings differ by currency, unit series and distribution policy, but all versions share the same core strategy.