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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
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|
NAVPS (04-30-2024) |
$9.28 |
|---|---|
| Change |
-$0.04
(-0.42%)
|
As at March 31, 2024
As at March 31, 2024
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Inception Return (August 12, 2021): 0.34%
| 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 | 0.56% | -0.86% | 4.98% | -0.86% | 0.40% | 0.64% | - | - | - | - | - | - | - | - |
| 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 | 81 / 120 | 117 / 120 | 84 / 119 | 117 / 120 | 114 / 116 | 79 / 102 | - | - | - | - | - | - | - | - |
| Quartile Ranking | 3 | 4 | 3 | 4 | 4 | 4 | - | - | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.33% | -1.11% | -0.74% | -0.44% | -0.19% | -2.28% | -0.83% | 3.67% | 3.01% | -0.59% | -0.83% | 0.56% |
| 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% |
3.67% (November 2023)
-2.28% (September 2023)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | -3.13% | 4.64% |
| 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 | - | - | - | - | - | - | - | - | 2 | 4 |
| Category Rank | - | - | - | - | - | - | - | - | 49/ 98 | 98/ 116 |
4.64% (2023)
-3.13% (2022)
| Name | Percent |
|---|---|
| Canadian Government Bonds | 41.20 |
| Foreign Government Bonds | 39.28 |
| Foreign Corporate Bonds | 25.84 |
| Canadian Corporate Bonds | 5.28 |
| Canadian Equity | 1.52 |
| Other | -13.12 |
| Name | Percent |
|---|---|
| Fixed Income | 111.60 |
| Telecommunications | 0.72 |
| Basic Materials | 0.35 |
| Energy | 0.30 |
| Industrial Services | 0.15 |
| Other | -13.12 |
| Name | Percent |
|---|---|
| North America | 99.48 |
| Latin America | 0.29 |
| Asia | 0.13 |
| Africa and Middle East | 0.02 |
| Multi-National | -0.07 |
| Other | 0.15 |
| Name | Percent |
|---|---|
| Canada Government 2.75% 01-Jun-2033 | 13.09 |
| United States Treasury 4.00% 31-Jan-2029 | 12.72 |
| Canada Government 3.25% 01-Dec-2033 | 12.43 |
| United States Treasury 4.00% 15-Feb-2034 | 6.03 |
| United States Treasury 1.75% 15-Jan-2034 | 4.98 |
| TransDigm Inc 6.25% 15-Mar-2026 | 4.95 |
| Canada Government 3.25% 01-Sep-2028 | 4.74 |
| United States Treasury 4.25% 28-Feb-2031 | 4.43 |
| United States Treasury 4.00% 31-Jan-2031 | 3.82 |
| United States Treasury 4.38% 30-Nov-2030 | 3.77 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | - | - | - | - |
| Beta | - | - | - | - |
| Alpha | - | - | - | - |
| Rsquared | - | - | - | - |
| Sharpe | - | - | - | - |
| Sortino | - | - | - | - |
| Treynor | - | - | - | - |
| Tax Efficiency | - | - | - | - |
| Start Date | August 12, 2021 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,151 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIG2359 | ||
| CIG3359 | ||
| CIG3459 |
The fund’s investment objective is to achieve capital appreciation and provide unitholders with attractive risk adjusted returns over an investment cycle. The fund will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts. The fund’s leverage must not exceed three times the fund’s net asset value. The leverage will be calculated in accordance with the methodology prescribed by securities laws, or any exemptions therefrom.
To achieve its objective, the fund intends to invest across a variety of asset classes including, but not limited to, government bonds (nominal & inflation-linked), corporate bonds (investment grade and non-investment grade), commercial paper, bank loans, derivatives, equities, futures, equity options, commodities, currencies and exchange-traded funds, in both domestic and foreign markets.
| Name | Start Date |
|---|---|
| Marret Asset Management Inc | 08-17-2021 |
| 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 | - |
| SWP Min Withdrawal | - |
| MER | 2.15% |
|---|---|
| Management Fee | 1.80% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | 5.50% |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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