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CI Munro Alternative Global Growth Fund - ETF C$ Series

Alternative Equity Focus

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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

Fundata ESG Grade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021

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NAVPS
(06-24-2024)
$34.48
Change
-$0.51 (-1.46%)

As at May 31, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Legend

CI Munro Alternative Global Growth Fund - ETF C$ Series

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Fund Returns

Inception Return (January 23, 2020): 12.46%

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 6.12% 5.15% 25.10% 22.04% 34.30% 18.68% 8.59% 11.71% - - - - - -
Benchmark 2.77% 5.07% 11.79% 7.58% 17.55% 7.08% 7.35% 13.44% 10.14% 8.92% 8.75% 9.19% 7.72% 7.53%
Category Average 2.43% 14.32% 14.32% 9.65% 17.29% 6.94% 4.97% 9.48% 7.13% - - - - -
Category Rank 17 / 188 47 / 188 9 / 165 6 / 165 16 / 153 16 / 133 34 / 102 23 / 68 - - - - - -
Quartile Ranking 1 1 1 1 1 1 2 2 - - - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 1.98% 0.98% 0.89% -4.63% 0.29% 8.03% 2.51% 5.22% 10.30% 2.04% -2.90% 6.12%
Benchmark 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77%

Best Monthly Return Since Inception

10.30% (February 2024)

Worst Monthly Return Since Inception

-9.63% (January 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 9.06% -19.03% 16.45%
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 - - - - - - - 3 4 1
Category Rank - - - - - - - 66/ 96 108/ 122 37/ 149

Best Calendar Return (Last 10 years)

16.45% (2023)

Worst Calendar Return (Last 10 years)

-19.03% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 71.24
International Equity 24.31
Cash and Equivalents 8.75
Canadian Government Bonds -0.01
Foreign Government Bonds -1.51
Other -2.78

Sector Allocation

Sector Allocation
Name Percent
Technology 56.69
Industrial Goods 9.36
Cash and Cash Equivalent 8.75
Consumer Services 7.76
Healthcare 6.82
Other 10.62

Geographic Allocation

Geographic Allocation
Name Percent
North America 73.24
Europe 18.98
Asia 7.77
Other 0.01

Top Holdings

Top Holdings
Name Percent
NVIDIA Corp 10.47
Microsoft Corp 7.07
Amazon.com Inc 6.75
Constellation Energy Corp 5.82
Taiwan Semiconductor Manufactrg Co Ltd - ADR 4.97
USD - FUTURES ADJUSTMENT EXP JUN 24 0.00% 21-Jun-2024 4.94
Meta Platforms Inc Cl A 3.55
ServiceNow Inc 3.36
ASML Holding NV 3.05
Visa Inc Cl A 2.93

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

CI Munro Alternative Global Growth Fund - ETF C$ Series

Median

Other - Alternative Equity Focus

3 Yr Annualized

Standard Deviation 13.86% - -
Beta 0.52% - -
Alpha 0.05% - -
Rsquared 0.25% - -
Sharpe 0.46% - -
Sortino 0.70% - -
Treynor 0.12% - -
Tax Efficiency 100.00% - -
Volatility Volatility rating is 7 on a scale of 1 to 10 - -

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 14.85% 13.86% - -
Beta 0.84% 0.52% - -
Alpha 0.17% 0.05% - -
Rsquared 0.42% 0.25% - -
Sharpe 1.75% 0.46% - -
Sortino 4.79% 0.70% - -
Treynor 0.31% 0.12% - -
Tax Efficiency 100.00% 100.00% - -

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 January 23, 2020
Instrument Type Exchange Traded Fund (Alternative)
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $1,482

Fund Codes

FundServ Code Load Code Sales Status
N/A

Investment Objectives

The fund seeks to generate risk-adjusted, absolute returns through exposure to global growth equities over the medium to long term, while maintaining a capital preservation mindset. The fund will use leverage. The leverage will be created generally through the use of 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 international equities, deploying a long/short equities strategy with a long bias. The investment strategy is designed to identify sustainable growth trends that are under-appreciated and mispriced by the market, and the resulting winning and losing stocks. The fund’s aggregate gross exposure will not exceed 150% of the fund’s net asset value.

Portfolio Manager(s)

Name Start Date
Nick Griffin 01-23-2020
Kieran Moore 01-23-2020
James Tsinidis 01-23-2020
Jeremy Gibson 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

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.20%
Management Fee 0.90%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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