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CI Alternative Investment Grade Credit Fund - ETF C$ Series (CRED : TSX)

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Alternative Credit Focus

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Close
(08-08-2025) 		$20.21
Change
-$0.01 (-0.05%)
Open $20.21
Day Range $20.21 - $20.21
Volume 1,750

As at June 30, 2025

As at June 30, 2025

  • Closing Price / Volume
Period
Created with Highcharts 10.3.3Closing PriceVolumeSep 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 2025Jun 2025Jul 2025Aug 20252021-01-012022-01-012023-01-012024-01-012025-01-01$20.00$19.50$19.75$20.25$20.500500,0001,000,000Period
Created with Highcharts 10.3.3May 2020Sep 2020Jan 2021May 2021Sep 2021Jan 2022May 2022Sep 2022Jan 2023May 2023Sep 2023Jan 2024May 2024Sep 2024Jan 2025May 2025Sep 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 2025Jun 2025Jul 2025Aug 20252021-01-012022-01-012023-01-012024-01-012025-01-01-10%0%-15%-5%5%-2%-1%1%2%3%Period

Legend

CI Alternative Investment Grade Credit Fund - ETF C$ Series

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Fund Returns

Inception Return (January 23, 2020): 3.18%

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 0.46% 0.53% 0.34% 0.34% 5.21% 6.52% 5.38% 2.84% 4.07% - - - - -
Benchmark 0.04% -0.65% 1.32% 1.32% 5.82% 4.77% 4.10% 0.07% -0.47% 0.86% 1.77% 1.66% 1.46% 1.83%
Category Average 0.92% 2.38% 2.38% 2.38% 7.04% 7.35% 6.40% 3.20% 4.56% 4.15% - - - -
Category Rank 113 / 137 115 / 137 125 / 135 125 / 135 104 / 124 64 / 110 65 / 94 43 / 75 37 / 63 - - - - -
Quartile Ranking 4 4 4 4 4 3 3 3 3 - - - - -

Monthly Return

Created with Highcharts 10.3.3Jul 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 25Feb 25Mar 25Apr 25May 25Jun 25-2%-1%0%1%2%3%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.19% 0.68% 0.99% 0.28% 1.37% 0.25% -0.01% -0.02% -0.17% -1.13% 1.22% 0.46%
Benchmark 2.14% 0.52% 1.82% -1.07% 1.51% -0.52% 1.13% 1.14% -0.29% -0.77% 0.08% 0.04%

Best Monthly Return Since Inception

2.86% (June 2020)

Worst Monthly Return Since Inception

-8.22% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%15%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - 1.33% -3.50% 6.12% 9.02%
Benchmark 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38% 4.10%
Category Average - - - - - 7.20% 3.25% -4.07% 7.22% 7.97%
Quartile Ranking - - - - - - 4 3 3 2
Category Rank - - - - - - 53/ 67 52/ 90 66/ 108 40/ 114

Best Calendar Return (Last 10 years)

9.02% (2024)

Worst Calendar Return (Last 10 years)

-3.50% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 152.78
Cash and Equivalents 31.09
Foreign Corporate Bonds 21.88
Foreign Government Bonds -19.64
Canadian Government Bonds -86.11

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 68.91
Cash and Cash Equivalent 31.09

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00
Europe 0.00

Top Holdings

Top Holdings
Name Percent
ENBRIDGE INC D CDS DISCOUNT NOTE 12.93
United States Treasury 4.25% 31-Jan-2030 9.69
Bank of Nova Scotia 3.30% 04-Aug-2026 6.87
Pacific Life Global Funding II 3.14% 01-Feb-2027 6.72
United States Treasury 3.88% 30-Apr-2030 5.92
Canada Government 3.25% 01-Dec-2034 5.38
Nissan Canada Inc 2.10% 22-Sep-2025 5.37
Granite REIT Holdings LP 3.55% 11-Dec-2026 4.47
Videotron Ltd 3.63% 29-Jun-2025 4.40
Manulife Bank of Canada 3.49% 27-Aug-2027 4.35

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return0123456789100%2%4%6%8%10%12%14%

CI Alternative Investment Grade Credit Fund - ETF C$ Series

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 2.10% 2.43% -
Beta 0.15% 0.20% -
Alpha 0.05% 0.04% -
Rsquared 0.19% 0.23% -
Sharpe 0.61% 0.63% -
Sortino 1.88% 0.68% -
Treynor 0.09% 0.08% -
Tax Efficiency 76.78% - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.50% 2.10% 2.43% -
Beta 0.40% 0.15% 0.20% -
Alpha 0.03% 0.05% 0.04% -
Rsquared 0.34% 0.19% 0.23% -
Sharpe 0.70% 0.61% 0.63% -
Sortino 1.42% 1.88% 0.68% -
Treynor 0.04% 0.09% 0.08% -
Tax Efficiency 76.75% 76.78% - -

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 Monthly
Assets ($mil) $669
52 Week High $20.39
52 Week Low $19.25
Annual Dividend $0.60
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

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

  • Jason Goddard
Sub-Advisor

-

Management and Organization

Fund Manager

CI Global Asset Management
Custodian

CIBC Mellon Trust Company
Registrar

CI Global Asset Management
Distributor

-

Fees

MER 2.17%
Management Fee 0.80%

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