Canadian CLO ETFs gain traction despite stigma, offering higher yields and lower default rates

CLO ETFs, which package corporate loans into tranches of risk, offer higher yields than traditional fixed income in Canada. Despite their benefits, they face an uphill climb due to negative associations with CDOs, which were involved in the 2008-09 market meltdown. The Canadian CLO market is unfamiliar to investors, and CLO ETFs are complex and require a deep corporate floating debt market.

CI Global Asset Management (CI GAM) has announced the regular cash distributions for its exchange-traded funds (ETFs) for the month ending June 30, 2025. The distributions will be paid on or before June 30, 2025, to unitholders of record on June 24, 2025. The ex-dividend date for all ETFs is June 24, 2025.

The distribution amounts per unit for each ETF are as follows:

- CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF): $0.0572
- CI Canadian Aggregate Bond Index ETF (CAGG): $0.1042
- CI Canadian Short-Term Aggregate Bond Index ETF (CAGS): $0.1277
- CI Balanced Asset Allocation ETF (CABL): $0.1354
- CI Galaxy Blockchain Index ETF (CBCX): $0.0271
- CI Balanced Growth Asset Allocation ETF (CBGR): $0.1039
- CI Balanced Income Asset Allocation ETF (CBIN): $0.1283
- CI Digital Security Index ETF (CBUG): $0.0000
- CI U.S. Aggregate Bond Covered Call ETF (CCBD): $0.0957
- CI Canadian Equity Index ETF (CCDN): $0.1847
- CI Conservative Asset Allocation ETF (CCNV): $0.1627
- CI Auspice Broad Commodity Fund (ETF Series) (CCOM): $0.0000
- CI DoubleLine Total Return Bond US$ Fund (ETF Series) (CDLB): $0.0656
- CI Equity Asset Allocation ETF (CEQT): $0.1375
- CI MSCI World ESG Impact Index ETF (CESG): $0.2267
- CI Floating Rate Income Fund (ETF Series) (CFRT): $0.0938
- CI Global Asset Allocation Private Pool (ETF Series) (CGAA): $0.0669
- CI Global Minimum Downside Volatility Index Fund (ETF Series) (CGDV): $0.2163
- CI High Yield Bond Private Pool (ETF Series) (CGHY): $0.0466
- CI Global Investment Grade ETF (CGIN): $0.0955
- CI Global Quality Dividend Growth Index ETF (CGQD): $0.0134
- CI Global Real Asset Private Pool (ETF Series) (CGRA): $0.0770
- CI Global Green Bond Fund (ETF Series) (CGRB): $0.0427
- CI Global REIT Private Pool (ETF Series) (CGRE): $0.0860
- CI Global Sustainable Infrastructure Fund (ETF Series) (CGRN): $0.0500
- CI Growth Asset Allocation ETF (CGRO): $0.1307
- CI Global Short-Term Bond Fund (ETF Series) (CGSB): $0.0553
- CI Gold+ Giants Covered Call ETF (CGXF): $0.3201
- CI Global Healthcare Leaders Index ETF (CHCL): $0.1261
- CI ICBCCS S&P China 500 Index ETF (CHNA): $0.1429
- CI Global Artificial Intelligence Fund (ETF Series) (CIAI): $0.0000
- CI Canadian Banks Covered Call Income Class ETF (CIC): $0.0842
- CI Emerging Markets Alpha ETF (CIEM): $0.0828
- CI Global Infrastructure Private Pool (ETF Series) (CINF): $0.0690
- CI Global Alpha Innovation ETF (CINV): $0.0000
- CI Munro Alternative Global Growth Fund (ETF Series) (CMAG): $0.0875
- CI Marret Alternative Absolute Return Bond Fund (ETF Series) (CMAR): $0.0670
- CI Alternative Diversified Opportunities Fund (ETF Series) (CMDO): $0.0640
- CI Marret Alternative Enhanced Yield Fund (ETF Series) (CMEY): $0.0720
- CI Money Market ETF (CMNY): $0.1316
- CI U.S. Enhanced Momentum Index ETF (CMOM): $0.0357
- CI Alternative North American Opportunities Fund (ETF Series) (CNAO): $0.0000
- CI Alternative Investment Grade Credit Fund (ETF Series) (CRED): $0.0500
- CI High Interest Savings ETF (CSAV): $0.1017
- CI U.S. Treasury Inflation-Linked Bond Index ETF (CAD Hedged) (CTIP): $0.0455
- CI Global Unconstrained Bond Fund (ETF Series) (CUBD): $0.0656
- CI U.S. Minimum Downside Volatility Index ETF (CUDV): $0.0769
- CI U.S. 500 Index ETF (CUSA): $0.0558
- CI U.S. 1000 Index ETF (CUSM): $0.0691
- CI Utilities Giants Covered Call ETF (CUTL): $0.3771
- CI U.S. Enhanced Value Index Fund (ETF Series) (CVLU): $0.0871
- CI Canadian Convertible Bond ETF (CXF): $0.0400
- CI U.S. Quality Dividend Growth Index ETF (DGR): $0.1520
- CI Canada Quality Dividend Growth Index ETF (DGRC): $0.3320
- CI Europe Hedged Equity Index ETF (EHE): $0.5327
- CI Emerging Markets Dividend Index ETF (EMV): $0.2898
- CI Enhanced Government Bond ETF (FGO): $0.0779
- CI Health Care Giants Covered Call ETF (FHI): $0.2127
- CI Investment Grade Bond ETF (FIG): $0.0320
- CI U.S. & Canada Lifeco Covered Call ETF (FLI): $0.2202
- CI Preferred Share ETF (FPR): $0.1189
- CI Enhanced Short Duration Bond Fund (ETF Series) (FSB): $0.0320
- CI Global Financial Sector ETF (FSF): $0.2280
- CI Morningstar Canada Value Index ETF (FXM): $0.2341
- CI International Quality Dividend Growth Index ETF (IQD): $0.3962
- CI Japan Equity Index ETF (JAPN): $0.6214
- CI Energy Giants Covered Call ETF (NXF): $0.0848
- CI ONE North American Core Plus Bond ETF (ONEB): $0.1027
- CI ONE Global Equity ETF (ONEQ): $0.1313
- CI Morningstar National Bank Québec Index ETF (QXM): $0.1463
- CI Canadian REIT ETF (RIT): $0.0675
- CI Tech Giants Covered Call ETF (TXF): $0.5669
- CI U.S. MidCap Dividend Index ETF (UMI): $0.2117
- CI U.S. Money Market ETF (UMNY): $0.1781
- CI Morningstar International Value Index ETF (VXM): $0.4633
- CI Morningstar Canada Momentum Index ETF (WXM): $0.1677
- CI Morningstar International Momentum Index ETF (ZXM): $0.8118

Investors should note that all distributions indicated in the table will be paid in cash unless the unitholder has enrolled in the applicable Distribution Reinvestment Plan (DRIP) of the respective ETF. For more information on enrolling in DRIP and other considerations, please see the applicable ETF’s prospectus.