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CI Marret Alternative Absolute Return Bond Fund - ETF C$ Series (CMAR : TSX)

Alternative Credit Focus

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

Close
(06-24-2024)
$17.93
Change
-$0.07 (-0.39%)
Open $18.07
Day Range $17.90 - $18.07
Volume 2,666

As at May 31, 2024

As at May 31, 2024

Period
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Legend

CI Marret Alternative Absolute Return Bond Fund - ETF C$ Series

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Fund Returns

Inception Return (January 23, 2020): 0.66%

Fund Returns
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 1.47% 0.10% 2.53% -1.20% 1.42% 0.62% -1.15% -0.40% - - - - - -
Benchmark 0.00% -1.48% 0.11% -3.20% 0.68% 0.65% -2.40% -2.27% -0.52% 0.70% 0.47% 0.78% 1.00% 1.62%
Category Average 0.93% 4.70% 4.70% 2.62% 7.35% 4.72% 1.95% 4.39% 3.53% - - - - -
Category Rank 13 / 120 109 / 120 105 / 120 114 / 120 111 / 116 93 / 101 64 / 77 55 / 61 - - - - - -
Quartile Ranking 1 4 4 4 4 4 4 4 - - - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund -0.68% -0.75% -0.13% -2.75% -0.91% 4.27% 3.77% -0.62% -0.68% 0.60% -1.94% 1.47%
Benchmark -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00%

Best Monthly Return Since Inception

4.27% (November 2023)

Worst Monthly Return Since Inception

-3.34% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 1.06% -8.57% 5.17%
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 - - - - - - - 4 4 4
Category Rank - - - - - - - 57/ 74 73/ 97 88/ 115

Best Calendar Return (Last 10 years)

5.17% (2023)

Worst Calendar Return (Last 10 years)

-8.57% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 45.55
Canadian Government Bonds 41.70
Foreign Corporate Bonds 24.26
Canadian Corporate Bonds 11.97
US Equity 0.34
Other -23.82

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 123.36
Consumer Goods 0.34
Financial Services 0.00
Cash and Cash Equivalent -23.70

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.87
Europe 0.16
Latin America 0.10
Multi-National -0.14
Other 0.01

Top Holdings

Top Holdings
Name Percent
Canada Government 3.25% 01-Dec-2033 14.90
United States Treasury 4.00% 15-Feb-2034 14.14
Canada Government 3.00% 01-Jun-2034 9.49
United States Treasury 3.75% 31-Dec-2028 7.52
Canada Government 1.50% 01-Jun-2031 5.61
Ontario Province 4.15% 02-Dec-2054 4.23
United States Treasury 4.50% 15-Nov-2033 3.81
UNITED STATES TREASURY NOTE/BOND 4.12% 31-Mar-2031 3.54
United States Treasury 4.00% 31-Jan-2029 3.43
United States Treasury 4.88% 31-Oct-2028 2.91

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

CI Marret Alternative Absolute Return Bond Fund - ETF C$ Series

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 6.60% - -
Beta 0.91% - -
Alpha 0.01% - -
Rsquared 0.86% - -
Sharpe -0.58% - -
Sortino -0.82% - -
Treynor -0.04% - -
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 - -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.29% 6.60% - -
Beta 1.00% 0.91% - -
Alpha 0.01% 0.01% - -
Rsquared 0.89% 0.86% - -
Sharpe -0.44% -0.58% - -
Sortino -0.31% -0.82% - -
Treynor -0.03% -0.04% - -
Tax Efficiency - - - -

Fund Details

Start Date January 23, 2020
Instrument Type Exchange Traded Fund (Alternative)
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $337
52 Week High $18.31
52 Week Low $16.26
Annual Dividend $0.80
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 provide positive absolute returns with low volatility over a market cycle regardless of market conditions or general market direction, by primarily investing in debt instruments across the credit spectrum including cash, government debt, investment grade corporate debt, high yield debt, credit derivatives and other income-producing securities throughout the world. The fund will use leverage.

Investment Strategy

The fund will invest primarily in debt instruments across the credit spectrum including cash, government debt, investment grade corporate debt, convertible bonds, high yield debt, government agency securities, inflation-linked bonds, private debt, credit derivatives and other income-producing securities throughout the world.

Portfolio Manager(s)

Name Start Date
Adam Tuer 01-23-2020
Adrian Prenc 01-23-2020
Paul Sandhu 01-23-2020
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 2.21%
Management Fee 0.80%

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