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Alternative Credit Focus
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|
NAVPS (10-11-2024) |
$9.56 |
|---|---|
| Change |
$0.01
(0.07%)
|
As at September 30, 2024
As at September 30, 2024
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Inception Return (November 07, 2018): 2.95%
| 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 | 0.88% | 2.66% | 3.69% | 6.49% | 9.22% | 6.38% | 2.36% | 2.92% | 2.83% | - | - | - | - | - |
| Benchmark | 1.82% | 4.54% | 5.56% | 4.21% | 12.78% | 5.31% | -0.07% | -1.04% | 0.55% | 2.05% | 2.01% | 1.33% | 1.88% | 2.23% |
| Category Average | 1.09% | 4.41% | 4.41% | 6.41% | 10.84% | 7.88% | 3.17% | 4.06% | 4.08% | - | - | - | - | - |
| Category Rank | 89 / 129 | 80 / 129 | 78 / 117 | 55 / 117 | 81 / 116 | 73 / 99 | 58 / 94 | 46 / 68 | 27 / 42 | - | - | - | - | - |
| Quartile Ranking | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 3 | - | - | - | - | - |
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.10% | 1.29% | 1.17% | 1.32% | 0.83% | 0.53% | -0.02% | 0.76% | 0.26% | 1.11% | 0.64% | 0.88% |
| Benchmark | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% |
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 | - | - | - | - | - | 14/ 22 | 35/ 43 | 59/ 71 | 54/ 94 | 79/ 112 |
5.52% (2023)
-4.04% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 146.51 |
| Cash and Equivalents | 49.10 |
| Foreign Corporate Bonds | 37.83 |
| Canadian Bonds - Other | 0.43 |
| Mortgages | -0.01 |
| Other | -133.86 |
| Name | Percent |
|---|---|
| Fixed Income | 50.61 |
| Cash and Cash Equivalent | 49.10 |
| Exchange Traded Fund | 0.50 |
| Other | -0.21 |
| Name | Percent |
|---|---|
| North America | 98.66 |
| Europe | 1.38 |
| Other | -0.04 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 32.54 |
| UNITED STATES TREASURY NOTE/BOND 3.75% 31-Aug-2026 | 15.19 |
| Canada Government 4.00% 01-Aug-2026 | 12.49 |
| United States Treasury 4.38% 15-May-2034 | 7.50 |
| True | 5.39 |
| VANCOUVER CITY SVGS CR UN DISCOUNT NOTE | 4.87 |
| Air Lease Corp 5.40% 27-Sep-2024 | 4.52 |
| WSP Global Inc 5.55% 22-Nov-2030 | 4.35 |
| Goldman Sachs Group Inc 2.60% 30-Nov-2026 | 4.33 |
| Bell Canada 2.90% 10-Jun-2029 | 4.17 |
CI Alternative Investment Grade Credit Fund (Series A units)
Median
Other - Alternative Credit Focus
| Standard Deviation | 2.37% | 4.97% | - |
|---|---|---|---|
| Beta | 0.20% | 0.32% | - |
| Alpha | 0.02% | 0.03% | - |
| Rsquared | 0.37% | 0.17% | - |
| Sharpe | -0.42% | 0.14% | - |
| Sortino | -0.35% | -0.02% | - |
| Treynor | -0.05% | 0.02% | - |
| Tax Efficiency | 5.19% | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.57% | 2.37% | 4.97% | - |
| Beta | 0.09% | 0.20% | 0.32% | - |
| Alpha | 0.08% | 0.02% | 0.03% | - |
| Rsquared | 0.15% | 0.37% | 0.17% | - |
| Sharpe | 2.64% | -0.42% | 0.14% | - |
| Sortino | 18.87% | -0.35% | -0.02% | - |
| Treynor | 0.46% | -0.05% | 0.02% | - |
| Tax Efficiency | 85.80% | 5.19% | - | - |
| 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) | $691 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIG2190 | ||
| CIG3090 | ||
| CIG3190 |
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 |
|---|---|
| Jason Goddard | 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 Global Asset Management |
| 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 | 2.28% |
|---|---|
| Management Fee | 1.30% |
| Load | Choice of Front or No Load |
| 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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