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CI Alternative Investment Grade Credit Fund (Series A units)
Alternative Credit Focus
Click for more information on Fundata’s FundGrade
FundGrade D
Click for more information on Fundata’s FundGrade.
|
NAVPS (09-18-2026) |
$9.55 |
|---|---|
| Change |
-$0.01
(-0.10%)
|
As at August 31, 2026
As at August 31, 2026
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Legend
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Fund Returns
Inception Return (November 07, 2018): 2.85%
| 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 | 0.30% | 0.06% | 0.16% | 0.82% | 1.84% | 2.91% | 4.70% | 4.21% | 2.41% | 2.86% | 2.77% | - | - | - |
| Benchmark | -0.27% | -1.44% | -1.99% | 0.31% | 1.76% | 2.22% | 4.06% | 3.10% | 0.14% | -0.18% | 0.62% | 1.72% | 1.69% | 1.35% |
| Category Average | 0.39% | 0.40% | 1.28% | 2.49% | 4.10% | 5.26% | 6.50% | 5.74% | 3.77% | 4.26% | 4.22% | - | - | - |
| Category Rank | 82 / 157 | 99 / 153 | 109 / 149 | 123 / 145 | 124 / 140 | 109 / 120 | 88 / 104 | 74 / 88 | 63 / 79 | 51 / 60 | 25 / 30 | - | - | - |
| Quartile Ranking | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | - | - | - |
Monthly Return
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.54% | 0.40% | 0.19% | -0.13% | 0.34% | 0.33% | -0.91% | 0.30% | 0.71% | 0.27% | -0.51% | 0.30% |
| Benchmark | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% | 0.44% | -1.61% | -0.27% |
Best Monthly Return Since Inception
2.89% (June 2020)
Worst Monthly Return Since Inception
-9.00% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | 5.16% | 4.36% | 0.84% | -4.04% | 5.52% | 8.39% | 2.30% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | 3 | 4 | 4 | 3 | 3 | 2 | 4 |
| Category Rank | - | - | - | 11/ 19 | 28/ 36 | 58/ 63 | 51/ 84 | 73/ 102 | 47/ 107 | 125/ 132 |
Best Calendar Return (Last 10 years)
8.39% (2024)
Worst Calendar Return (Last 10 years)
-4.04% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 187.53 |
| Foreign Corporate Bonds | 44.46 |
| Foreign Bonds - Other | 0.01 |
| Derivatives | -0.06 |
| Foreign Government Bonds | -12.96 |
| Other | -118.98 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 170.67 |
| Cash and Cash Equivalent | -70.63 |
| Other | -0.04 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 93.01 |
| Europe | 6.11 |
| Asia | 0.85 |
| Other | 0.03 |
Top Holdings
| Name | Percent |
|---|---|
| CAN 2YR BOND FUT 0.00% 18-Dec-2026 | 30.24 |
| US 5YR NOTE (CBT) EXP DEC 16 0.00% 31-Dec-2026 | 15.99 |
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 6.81 |
| CNH Industrial Cptl Canada Ltd 3.75% 05-May-2029 | 5.81 |
| Bank of Nova Scotia 3.93% 03-May-2027 | 5.31 |
| Federation Csses Desjardins Qc 4.41% 19-May-2027 | 5.00 |
| BROOKFIELD INFRASTRUCTURE FINANCE ULC 3.70% 06-Jan-2031 | 4.99 |
| Whitecap Resources Inc 4.38% 01-Nov-2029 | 4.85 |
| Canadian Imperial Bank Commrce 4.20% 07-Apr-2027 | 4.67 |
| George Weston Ltd 4.19% 05-Sep-2029 | 4.62 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
CI Alternative Investment Grade Credit Fund (Series A units)
Median
Other - Alternative Credit Focus
3 Yr Annualized
| Standard Deviation | 2.01% | 2.20% | - |
|---|---|---|---|
| Beta | 0.20 | 0.22 | - |
| Alpha | 0.04 | 0.02 | - |
| Rsquared | 0.27% | 0.35% | - |
| Sharpe | 0.62 | -0.28 | - |
| Sortino | 1.31 | -0.35 | - |
| Treynor | 0.06 | -0.03 | - |
| Tax Efficiency | 79.03% | 32.23% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.58% | 2.01% | 2.20% | - |
| Beta | 0.32 | 0.20 | 0.22 | - |
| Alpha | 0.01 | 0.04 | 0.02 | - |
| Rsquared | 0.80% | 0.27% | 0.35% | - |
| Sharpe | -0.27 | 0.62 | -0.28 | - |
| Sortino | -0.81 | 1.31 | -0.35 | - |
| Treynor | -0.01 | 0.06 | -0.03 | - |
| Tax Efficiency | 53.06% | 79.03% | 32.23% | - |
Fund Details
| 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) | $306 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIG14061 | ||
| CIG14161 | ||
| CIG14162 | ||
| CIG14261 | ||
| CIG14361 | ||
| CIG14412 | ||
| CIG14812 | ||
| CIG2190 | ||
| CIG3090 | ||
| CIG3190 |
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 Management
| Portfolio Manager |
CI Global Asset Management
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
CI Global Asset Management |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
CI Global Asset Management |
| Distributor |
- |
Investment Minimums
| 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 |
Fees
| MER | 2.39% |
|---|---|
| Management Fee | 1.30% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.25% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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