ETF Detail - Fund Library

Close (05-17-2024)	$19.90
Change	$0.15 (0.76%)

Open	-
Day Range	- - -
Volume	0

Closing Price / Volume

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CI Alternative Investment Grade Credit Fund - ETF US$ Hedged Series

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Fund Returns

Inception Return (January 23, 2020): 2.82%

Fund Returns
Row Heading	Return				Annualized Return
Row Heading	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	0.07%	1.58%	5.75%	3.00%	8.10%	4.80%	1.99%	4.78%	-	-	-	-	-	-
Benchmark	-3.42%	-4.57%	5.41%	-7.10%	-2.21%	-3.12%	-5.69%	-1.94%	-0.56%	-0.31%	0.53%	-0.26%	-0.37%	-0.51%
Category Average	-0.24%	6.34%	6.34%	1.67%	5.87%	4.17%	1.75%	4.57%	3.39%	-	-	-	-	-
Category Rank	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Quartile Ranking	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Monthly Return

Monthly Return
Return %	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr
Fund	0.36%	0.59%	0.69%	0.19%	0.18%	0.18%	1.38%	1.27%	1.40%	0.91%	0.59%	0.07%
Benchmark	-1.84%	2.68%	-0.55%	-2.89%	-2.55%	-2.20%	6.70%	6.34%	-2.65%	-1.89%	0.71%	-3.42%

Best Monthly Return Since Inception

2.86% (June 2020)

Worst Monthly Return Since Inception

-8.38% (March 2020)

Calendar Return (%)

Calendar Return
Return %	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Fund	-	-	-	-	-	-	-	1.46%	-3.58%	6.62%
Benchmark	0.08%	-13.64%	5.18%	9.92%	-7.08%	12.67%	10.55%	-1.87%	-17.46%	9.32%
Category Average	-	-	-	-	-	-	7.20%	3.25%	-4.07%	7.22%
Quartile Ranking	-	-	-	-	-	-	-	-	-	-
Category Rank	-	-	-	-	-	-	-	-	-	-

Best Calendar Return (Last 10 years)

6.62% (2023)

Worst Calendar Return (Last 10 years)

-3.58% (2022)

Asset Allocation

Asset Allocation
Name	Percent
Canadian Corporate Bonds	151.37
Cash and Equivalents	68.05
Foreign Corporate Bonds	28.48
Canadian Bonds - Other	9.68
Mortgages	1.25
Other	-158.83

Sector Allocation

Sector Allocation
Name	Percent
Cash and Cash Equivalent	68.05
Fixed Income	31.31
Financial Services	0.31
Energy	0.10
Utilities	0.09
Other	0.14

Geographic Allocation

Geographic Allocation
Name	Percent
North America	96.44
Europe	1.32
Asia	1.24
Multi-National	0.66
Latin America	0.38
Other	-0.04

Top Holdings

Top Holdings
Name	Percent
Cash and Cash Equivalents	31.31
Canada Government 3.25% 01-Dec-2033	6.00
Wells Fargo & Co 5.08% 26-Apr-2027	5.65
CITIGROUP INC 5.07% 29-Apr-2028	5.44
Cards II Trust 2.43% 15-Nov-2027	5.29
Canada Government 3.00% 01-Jun-2034	5.27
Suncor Energy Inc 5.40% 17-Nov-2026	4.14
WSP Global Inc 5.55% 22-Nov-2030	4.03
Glacier Credit Card Trust 2.28% 06-Jun-2024	4.03
Granite REIT Holdings LP 3.06% 04-Apr-2027	3.99

Equity Style

Fixed Income Style

Period:

Risk vs Return (3 Yr)

CI Alternative Investment Grade Credit Fund - ETF US$ Hedged Series

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation	2.28%	-	-
Beta	0.20%	-	-
Alpha	0.02%	-	-
Rsquared	0.33%	-	-
Sharpe	-0.33%	-	-
Sortino	-0.57%	-	-
Treynor	-0.04%	-	-
Tax Efficiency	36.79%	-	-
Volatility		-	-

Risk Rating

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio	1 Yr	3 Yr	5 Yr	10 Yr
Standard Deviation	1.69%	2.28%	-	-
Beta	0.15%	0.20%	-	-
Alpha	0.08%	0.02%	-	-
Rsquared	0.37%	0.33%	-	-
Sharpe	1.79%	-0.33%	-	-
Sortino	23.16%	-0.57%	-	-
Treynor	0.21%	-0.04%	-	-
Tax Efficiency	84.28%	36.79%	-	-

No data available

Fund Details

Start Date	January 23, 2020
Instrument Type	Exchange Traded Fund (Alternative)
Share Class	Do-It-Yourself
Legal Status	Trust
Sales Status	-
Currency	USD
Distribution Frequency	Monthly
Assets ($mil)	$719
52 Week High	$19.90
52 Week Low	$17.91
Annual Dividend	$0.60
Annual Yield	-
Index	-
Shares Outstanding	-
Registered Plan Eligible	Yes

ETF Characteristics

Exposure	1x performance
Asset Class High	-
Asset Class Medium	-
Asset Class Low	-
Leveraged	-
Inverse	-
Advisor Series	-
Covered Call Strategy	No

Investment Objectives

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.

Investment Strategy

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.

Portfolio Manager(s)

Name	Start Date
Andrew Torres	01-23-2020
Jason Goddard	11-02-2021
Jason Pitre	11-02-2021
CI Global Asset Management	05-05-2022

Management and Organization

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

Fees

MER	1.31%
Management Fee	0.80%

CI Alternative Investment Grade Credit Fund - ETF US$ Hedged Series (CRED.U : TSX)

FundGrade C