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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
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|
NAVPS (04-30-2024) |
$9.32 |
|---|---|
| Change |
-$0.01
(-0.06%)
|
As at March 31, 2024
As at March 31, 2024
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Inception Return (November 07, 2018): 2.54%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.53% | 2.70% | 5.34% | 2.70% | 7.58% | 3.43% | 1.33% | 4.59% | 2.49% | - | - | - | - | - |
| Benchmark | 0.48% | -1.28% | 6.84% | -1.28% | 1.93% | -0.14% | -1.50% | -0.83% | 0.22% | 1.02% | 1.12% | 1.15% | 1.09% | 2.01% |
| Category Average | 0.82% | 6.16% | 6.16% | 1.92% | 6.88% | 3.42% | 2.11% | 5.50% | - | - | - | - | - | - |
| Category Rank | 86 / 120 | 41 / 120 | 75 / 119 | 41 / 120 | 62 / 116 | 47 / 102 | 46 / 75 | 32 / 52 | 17 / 33 | - | - | - | - | - |
| Quartile Ranking | 3 | 2 | 3 | 2 | 3 | 2 | 3 | 3 | 3 | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.56% | 0.26% | 0.46% | 0.61% | 0.12% | 0.10% | 0.10% | 1.29% | 1.17% | 1.32% | 0.83% | 0.53% |
| Benchmark | 0.90% | -1.62% | -0.04% | -1.08% | -0.19% | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% |
2.89% (June 2020)
-9.00% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | 5.16% | 4.36% | 0.84% | -4.04% | 5.52% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
| Quartile Ranking | - | - | - | - | - | 3 | 4 | 4 | 3 | 3 |
| Category Rank | - | - | - | - | - | 13/ 23 | 39/ 47 | 60/ 75 | 56/ 98 | 79/ 116 |
5.52% (2023)
-4.04% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 153.68 |
| Cash and Equivalents | 71.11 |
| Foreign Corporate Bonds | 24.33 |
| Canadian Bonds - Other | 10.37 |
| US Equity | 1.82 |
| Other | -161.31 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 71.11 |
| Fixed Income | 26.41 |
| Financial Services | 2.09 |
| Exchange Traded Fund | 0.19 |
| Energy | 0.09 |
| Other | 0.11 |
| Name | Percent |
|---|---|
| North America | 97.48 |
| Europe | 1.46 |
| Multi-National | 0.62 |
| Latin America | 0.36 |
| Other | 0.08 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 26.87 |
| Cards II Trust 2.43% 15-Nov-2027 | 5.04 |
| Canada Government 3.25% 01-Dec-2033 | 4.63 |
| Bank of Nova Scotia 4.68% 01-Feb-2029 | 4.06 |
| Suncor Energy Inc 5.40% 17-Nov-2026 | 3.97 |
| Glacier Credit Card Trust 2.28% 06-Jun-2024 | 3.83 |
| Royal Bank of Canada 5.34% 23-Jun-2026 | 3.81 |
| Capital Power Corp 4.28% 18-Jul-2024 | 3.54 |
| Bell Canada 5.25% 15-Feb-2029 | 3.46 |
| Bank of Nova Scotia 5.50% 08-May-2026 | 3.42 |
CI Alternative Investment Grade Credit Fund (Series A units)
Median
Other - Alternative Credit Focus
| Standard Deviation | 2.22% | 4.96% | - |
|---|---|---|---|
| Beta | 0.20% | 0.31% | - |
| Alpha | 0.02% | 0.02% | - |
| Rsquared | 0.34% | 0.15% | - |
| Sharpe | -0.57% | 0.13% | - |
| Sortino | -0.90% | -0.09% | - |
| Treynor | -0.07% | 0.02% | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.56% | 2.22% | 4.96% | - |
| Beta | 0.13% | 0.20% | 0.31% | - |
| Alpha | 0.07% | 0.02% | 0.02% | - |
| Rsquared | 0.30% | 0.34% | 0.15% | - |
| Sharpe | 1.66% | -0.57% | 0.13% | - |
| Sortino | 17.43% | -0.90% | -0.09% | - |
| Treynor | 0.21% | -0.07% | 0.02% | - |
| Tax Efficiency | 82.66% | - | - | - |
| Start Date | November 07, 2018 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $754 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIG2190 |
The fund seeks to generate consistent positive total returns with an emphasis on capital preservation and low correlation to traditional equity and fixed income markets. The fund will be primarily invested in the investment grade debt of corporations and financial institutions in the developed world. The fund will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts.
The portfolio adviser will purchase and manage a core portfolio of primarily investment grade debt, the selection of which will be based on sound fundamental principles and technical market conditions. The investment will be allocated across a large number of issuers in multiple industry sectors and geographical locations in all parts of the capital structure and maturity profile.
| Name | Start Date |
|---|---|
| Andrew Torres | 10-30-2018 |
| Jason Goddard | 11-02-2021 |
| Jason Pitre | 11-02-2021 |
| CI Global Asset Management | 05-05-2022 |
| Fund Manager | CI Global Asset Management |
|---|---|
| Advisor | CI Global Asset Management |
| Custodian | CIBC Mellon Trust Company |
| Registrar | CI Investments Inc |
| Distributor | - |
| Auditor | Ernst & Young LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 50 |
| MER | 1.88% |
|---|---|
| Management Fee | 1.30% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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