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CI Alternative North American Opportunities Fund Series A

Alternative Equity Focus

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(07-23-2024)
$13.46
Change
$0.03 (0.24%)

As at June 30, 2024

As at June 30, 2024

As at February 29, 2024

Period
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Legend

CI Alternative North American Opportunities Fund Series A

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Fund Returns

Inception Return (July 08, 2021): 10.43%

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 6.58% 6.96% 14.78% 14.78% 25.86% 29.12% - - - - - - - -
Benchmark -1.42% -0.53% 6.05% 6.05% 12.13% 11.27% 5.98% 12.35% 9.28% 8.36% 8.65% 8.95% 7.89% 6.95%
Category Average 0.36% 10.04% 10.04% 10.04% 15.19% 9.41% 4.89% 9.36% 6.79% - - - - -
Category Rank 13 / 196 18 / 189 27 / 166 27 / 166 21 / 154 10 / 137 - - - - - - - -
Quartile Ranking 1 1 1 1 1 1 - - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.93% 0.47% -4.11% -0.17% 9.64% 2.02% 1.57% 5.39% 0.25% -3.48% 3.97% 6.58%
Benchmark 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42%

Best Monthly Return Since Inception

9.64% (November 2023)

Worst Monthly Return Since Inception

-7.20% (January 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -19.17% 35.91%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 5.11% 17.27% -5.96% 6.54%
Quartile Ranking - - - - - - - - 4 1
Category Rank - - - - - - - - 115/ 126 10/ 150

Best Calendar Return (Last 10 years)

35.91% (2023)

Worst Calendar Return (Last 10 years)

-19.17% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 81.35
Canadian Equity 12.02
International Equity 5.74
Cash and Equivalents 0.84
Commodities 0.02
Other 0.03

Sector Allocation

Sector Allocation
Name Percent
Technology 66.45
Healthcare 14.54
Consumer Services 6.99
Real Estate 5.03
Industrial Services 3.24
Other 3.75

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.21
Asia 4.09
Africa and Middle East 1.64
Multi-National 0.02
Other 0.04

Top Holdings

Top Holdings
Name Percent
NVIDIA Corp 7.91
Microsoft Corp 6.28
Alphabet Inc Cl A 6.22
Amazon.com Inc 4.93
Eli Lilly and Co 4.18
Taiwan Semiconductor Manufactrg Co Ltd - ADR 4.09
Apple Inc 3.87
Meta Platforms Inc Cl A 3.37
WSP Global Inc 3.35
ServiceNow Inc 3.25

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date July 08, 2021
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $47

Fund Codes

FundServ Code Load Code Sales Status
CIG2366
CIG3366
CIG3466

Investment Objectives

The fund seeks to generate high absolute returns over the long-term, balanced with a capital preservation mindset, by primarily investing in growth-oriented North American equities. 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.

Investment Strategy

The fund will invest primarily in listed Canadian and U.S. equities deploying a long/short equities strategy with a long bias. The investment strategy is designed to provide exposure to innovative and growing companies within the economy. The fund’s aggregate gross exposure will not exceed 150% of the fund’s net asset value.

Portfolio Manager(s)

Name Start Date
Brian Huen 05-11-2023
Jeremy Da Silva Rosa 05-11-2023
Bunty Mahairhu 05-11-2023
Gregory Quickmire 05-11-2023
Ali Pervez 05-11-2023

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

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 3.25%
Management Fee 1.90%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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