CC&L High Yield Bond Fund

Series

As of March 31, 2025

Quick Facts

Inception Date
May 16, 2012
Fund Category
High Yield
Fund Code (A|F)
CCL650
Fund Code (A|F)
CCL651
Assets
$120,358,513
Unit Price
$7.40
Unit Price
$8.13
Management Fee (A|F)
1.85%
Management Fee (A|F)
0.85%
MER (A|F)
2.09%
MER (A|F)
1.06%
Risk Level
Low to Medium
Minimum Investment
$5,000
Subsequent Investment
$500
Systematic Purchase
$100
Trade Settlement
T+1*

*Prior to May 27, 2024, the trade settlement cycle for CC&L Funds was trade date (T) + 2.

Distributions

Target
4% annually
Frequency
monthly

Objectives

  • Cash Flow: Provide attractive and sustainable yield
  • Actively manage risk
  • Capital Preservation: Deliver positive returns with downside protection

Highlights

  • Deep and experienced institutional investment team covers Investment Grade & High Yield market
  • Tactical, active approach to take advantage of the shifting environment
  • Concentrated, high conviction portfolio (35-50 securities)

Portfolio Manager

logo

Connor, Clark & Lunn Investment Management Ltd. was founded in 1982 and has grown to become one of Canada’s largest independent and privately owned investment management firms. CC&L’s multi-disciplined portfolio management teams collectively manage $78 billion in equities, fixed income and alternative mandates for individual and institutional investors.

More Information on Connor, Clark & Lunn Investment Management

Fund Returns1

YTD 1 mo 3 mo 6 mo 1 yr 3 yr 5 yr 10 yr Since Inception
Series A
(CCL 650)
1.00% -0.55% 1.00% 2.74% 7.51% 3.69% 3.56% 1.67% 2.48%
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Calendar Year Returns 7.91% 6.97% -10.51% 0.62% 4.82% 8.60% -0.53% 1.09% 6.01% -5.54%
Series F
(CCL 651)
1.29% -0.46% 1.29% 3.34% 9.30% 5.04% 4.87% 2.81% 3.20%
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Calendar Year Returns 9.71% 8.11% -9.45% 1.83% 6.03% 9.29% 0.51% 2.19% 7.12% -4.57%

Top Ten Holdings

Avolon Holdings Fndg Ltd 5.75% 2029.11.15
2.95%
Molina Healthcare Inc 4.38% 2028.06.15
2.07%
Albertsons Cos/Safeway 3.50% 2029.03.15
1.99%
Us Treasury N/B 3.88% 2034.08.15
1.92%
Tenet Healthcare Corp 4.38% 2030.01.15
1.77%
Cogeco Communications 6.13% 2029.02.27
1.70%
Inter Pipeline Ltd 5.85% 2032.05.18
1.67%
Cinemark Usa Inc 5.25% 2028.07.15
1.62%
Videotron Ltd 4.50% 2030.01.15
1.40%
Ball Corp 2.88% 2030.08.15
1.29%
Total
18.38%

Sector Allocation2

Investment Grade
46.61%
High Yield
49.81%
Cash
3.58%
Total
100.00%

Credit Quality2

AAA
3.58%
AA
0.00%
A
6.13%
BBB
36.90%
BB
40.20%
B
9.61%
Cash
3.01%
Total
99.43%

Country Exposure2

For further information, please contact Connor, Clark & Lunn Funds Inc. Toll Free at 1-888-824-3120.

1.Returns are calculated net of management fees, trading and operating expenses. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rate(s) of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. The specified distribution rates is a target only and may be adjusted from time to time by the Manager without prior notification to unitholders. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. 2.Hedged back to Canadian Dollars. Allocations may not add to 100% due to rounding. Connor, Clark & Lunn Funds Inc. has retained Connor, Clark & Lunn Investment Management Ltd. to act as portfolio manager for the CC&L High Yield Bond Fund.

http://ccl-logo-white

CC&L Funds is part of Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group), an independently owned multi-boutique asset management firm whose affiliates are collective responsible for over $142 billion in assets under management on behalf of institutional and individual investors.

Annualized

Class or currency

As of March 31, 2025 6 months YTD 1 Year 3 Years 5 Years Since Inception
CC&L High Yield Bond Fund - Series F 3.34% 1.29% 9.30% 5.04% 4.87% 3.20%

Annual

Class or currency

As of December 31, 2024 2024 2023 2022 2021 2020
CC&L High Yield Bond Fund - Series F 9.71% 8.11% -9.45% 1.83% 6.03%

Inception Date

CC&L High Yield Bond Fund - Series A : May 16, 2012

CC&L High Yield Bond Fund - Series F : September 19, 2012


Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rate[s] of return is [are] the historical annual compounded total return[s] including changes in [share or unit] value and reinvestment of all [dividends or distributions] and does [do] not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.


Fund performance is stated net of all management and performance fees and after trading and operating expenses. For more information on fund performance, please contact us at[email protected].


Source: Connor, Clark & Lunn Financial Group Ltd.


The above information is provided for your convenience. While we strive to ensure the accuracy of data presented on our website, it should not be relied upon as an official book of record.

Current Net Asset Value

Class or Currency

Date Class Price Change Change
April 22, 2025 F $7.9564 $0.0294 0.37%

Historical Net Asset Values

From

To

Class or Currency

Date Class Price Change Change
April 21, 2025 F $7.927 -$0.0397 -0.50%
April 17, 2025 F $7.9667 $0.0029 0.04%
April 16, 2025 F $7.9638 $0.0011 0.01%
April 15, 2025 F $7.9627 $0.019 0.24%
April 14, 2025 F $7.9437 $0.0389 0.49%
April 11, 2025 F $7.9048 -$0.0246 -0.31%
April 10, 2025 F $7.9294 -$0.0534 -0.67%
April 9, 2025 F $7.9828 $0.0071 0.09%
April 8, 2025 F $7.9757 -$0.0124 -0.16%
April 7, 2025 F $7.9881 -$0.057 -0.71%

1-262

Source: Connor, Clark & Lunn Financial Group Ltd.

The above information is provided for your convenience. While we strive to ensure the accuracy of data presented on our website, it should not be relied upon as an official book of record.

Regulatory

Annual Proxy Votes

View

Annual Management Report of Fund Performance (MRFP)

Download

Interim Management Report of Fund Performance (MRFP)

Download

Annual Financial Statements*

Download

Interim Financial Statements*

Download

Simplified Prospectus

Download

Portfolio Disclosure

View

Fund Fact Sheets

CC&L High Yield Bond Fund Series A

Download

CC&L High Yield Bond Fund Series F

Download

CC&L High Yield Bond Fund Series I

Download

*In order to comply with the International Ethics Standards Board for Accountants (“IESBA”) Code of Ethics for Professional Accountants, the auditor of CC&L Funds, KPMG LLP, is required to publicly disclose the audit and non-audit fees, on an annual basis, charged to public interest entities.

In connection with the audits of the financial statements of the public interest entities managed by CC&L Funds for the year ended December 31, 2023, the following fees (excluding applicable taxes) were paid or payable to KPMG LLP: $178,101 for audits of financial statements and $82,215 for other services.