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CI Alternative Diversified Opportunities Fund Series A

Alternative Credit Focus

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(07-23-2024)
$9.53
Change
$0.01 (0.13%)

As at June 30, 2024

As at June 30, 2024

Period
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Legend

CI Alternative Diversified Opportunities Fund Series A

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Fund Returns

Inception Return (August 12, 2021): 0.45%

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 0.85% 0.38% -0.49% -0.49% 2.34% 2.80% - - - - - - - -
Benchmark 2.98% 0.97% -0.32% -0.32% 3.73% 3.25% -1.77% -1.98% -0.10% 1.11% 1.07% 0.93% 1.40% 1.89%
Category Average 0.65% 3.28% 3.28% 3.28% 7.68% 6.09% 1.96% 3.95% 3.59% - - - - -
Category Rank 34 / 127 103 / 118 115 / 118 115 / 118 111 / 115 90 / 99 - - - - - - - -
Quartile Ranking 2 4 4 4 4 4 - - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund -0.44% -0.19% -2.28% -0.83% 3.67% 3.01% -0.59% -0.83% 0.56% -1.82% 1.38% 0.85%
Benchmark -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98%

Best Monthly Return Since Inception

3.67% (November 2023)

Worst Monthly Return Since Inception

-2.28% (September 2023)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -3.13% 4.64%
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
Category Rank - - - - - - - - 48/ 95 96/ 113

Best Calendar Return (Last 10 years)

4.64% (2023)

Worst Calendar Return (Last 10 years)

-3.13% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 48.28
Canadian Government Bonds 34.14
Foreign Corporate Bonds 14.07
Canadian Corporate Bonds 9.31
Canadian Equity 1.95
Other -7.75

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 105.74
Telecommunications 1.16
Basic Materials 0.43
Energy 0.40
Consumer Goods 0.27
Other -8.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.20
Latin America 0.55
Europe -0.06
Multi-National -0.09
Other 0.40

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.00% 31-Jan-2029 12.53
Canada Government 3.00% 01-Jun-2034 11.41
United States Treasury 4.38% 15-May-2034 11.26
Canada Government 3.25% 01-Dec-2033 8.84
United States Treasury 1.75% 15-Jan-2034 5.93
United States Treasury 4.63% 31-May-2031 5.52
United States Treasury 4.88% 31-May-2026 5.12
United States Treasury 4.38% 30-Nov-2030 3.85
Canada Government 3.25% 01-Sep-2028 3.67
United States Treasury 4.50% 15-May-2027 2.81

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.

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 - - - -

Fund Details

Start Date August 12, 2021
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $960

Fund Codes

FundServ Code Load Code Sales Status
CIG2359
CIG3359
CIG3459

Investment Objectives

The fund’s investment objective is to achieve capital appreciation and provide unitholders with attractive risk adjusted returns over an investment cycle. 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. The leverage will be calculated in accordance with the methodology prescribed by securities laws, or any exemptions therefrom.

Investment Strategy

To achieve its objective, the fund intends to invest across a variety of asset classes including, but not limited to, government bonds (nominal & inflation-linked), corporate bonds (investment grade and non-investment grade), commercial paper, bank loans, derivatives, equities, futures, equity options, commodities, currencies and exchange-traded funds, in both domestic and foreign markets.

Portfolio Manager(s)

Name Start Date
Marret Asset Management Inc 08-17-2021
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

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 3.03%
Management Fee 1.80%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 5.50%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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