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CI Marret Alternative Absolute Return Bond Fund - ETF US$ Hedged Series (CMAR.U : TSX)

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Alternative Credit Focus

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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Close
(08-04-2025) 		$18.81
Change
$0.00 (0.00%)
Open $18.81
Day Range - - -
Volume 0

As at June 30, 2025

As at June 30, 2025

  • Closing Price / Volume
Period
Created with Highcharts 10.3.3Closing PriceVolumeJul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Jul 2025Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 2025Jun 2025Jun 2025Jul 20252021-01-012022-01-012023-01-012024-01-012025-01-01$18.00$20.00$22.00$16.00$18.25$18.50$18.75$19.000500,00025,00050,000Period
Created with Highcharts 10.3.3May 2020Sep 2020Jan 2021May 2021Sep 2021Jan 2022May 2022Sep 2022Jan 2023May 2023Sep 2023Jan 2024May 2024Sep 2024Jan 2025May 2025Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 2025May 2025Jun 2025Jun 2025Jul 20252021-01-012022-01-012023-01-012024-01-012025-01-01-20%-15%-10%-5%0%5%10%-2%-1%1%2%Period

Legend

CI Marret Alternative Absolute Return Bond Fund - ETF US$ Hedged Series

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Fund Returns

Inception Return (January 23, 2020): 2.44%

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 0.98% 1.58% 3.69% 3.69% 8.17% 5.90% 4.62% 1.36% 1.58% - - - - -
Benchmark 0.80% 4.79% 6.79% 6.79% 6.11% 3.17% 2.17% -2.32% -0.51% 0.14% 1.24% 1.03% 0.90% 0.93%
Category Average 0.92% 2.38% 2.38% 2.38% 7.04% 7.35% 6.40% 3.20% 4.56% 4.15% - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Created with Highcharts 10.3.3Jul 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 25Feb 25Mar 25Apr 25May 25Jun 25-6%-4%-2%0%2%4%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.10% 0.87% 1.28% -0.54% 1.15% -0.59% 0.90% 1.37% -0.19% -0.01% 0.60% 0.98%
Benchmark 1.17% 3.04% 1.58% -4.13% 1.06% -3.15% 0.42% 1.68% -0.20% 3.39% 0.54% 0.80%

Best Monthly Return Since Inception

4.19% (November 2023)

Worst Monthly Return Since Inception

-3.34% (April 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - 1.02% -8.45% 5.63% 4.45%
Benchmark -13.64% 5.18% 9.92% -7.08% 12.67% 10.55% -1.87% -17.46% 9.32% -4.56%
Category Average - - - - - 7.20% 3.25% -4.07% 7.22% 7.97%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

5.63% (2023)

Worst Calendar Return (Last 10 years)

-8.45% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 40.62
Foreign Corporate Bonds 36.47
Canadian Government Bonds 30.13
Canadian Corporate Bonds 27.38
US Equity 0.41

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 134.94
Consumer Goods 0.41
Cash and Cash Equivalent -35.35

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.82
Asia 0.10
Europe 0.04
Latin America 0.04

Top Holdings

Top Holdings
Name Percent
US 2YR NOTE (CBT) EXP SEP 15 0.00% 30-Sep-2025 61.11
CAN 5YR BOND FUT EXP SEP 15 0.00% 18-Sep-2025 21.27
US DOLLAR 5.37
Canada Government 3.25% 01-Jun-2035 3.99
United States Treasury 4.00% 31-May-2030 2.00
Canada Government 3.00% 01-Jun-2034 1.89
Atkinsrealis Group Inc 7.00% 12-Jun-2026 1.80
Telus Corp 3.75% 10-Dec-2025 1.53
Parkland Corp 3.88% 16-Jun-2026 1.40
Canada Government 2.75% 01-Mar-2030 1.39

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: . Average Credit Quality: M.
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 Marret Alternative Absolute Return Bond Fund - ETF US$ Hedged Series

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 6.18% 5.40% -
Beta 0.93% 0.81% -
Alpha 0.01% 0.02% -
Rsquared 0.86% 0.80% -
Sharpe 0.12% -0.15% -
Sortino 0.45% -0.34% -
Treynor 0.01% -0.01% -
Tax Efficiency 62.87% - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.88% 6.18% 5.40% -
Beta 0.71% 0.93% 0.81% -
Alpha 0.04% 0.01% 0.02% -
Rsquared 0.83% 0.86% 0.80% -
Sharpe 1.58% 0.12% -0.15% -
Sortino 3.89% 0.45% -0.34% -
Treynor 0.06% 0.01% -0.01% -
Tax Efficiency 78.21% 62.87% - -

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 USD
Distribution Frequency Monthly
Assets ($mil) $277
52 Week High $18.81
52 Week Low $17.55
Annual Dividend $0.87
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 provide positive absolute returns with low volatility over a market cycle regardless of market conditions or general market direction, by primarily investing in debt instruments across the credit spectrum including cash, government debt, investment grade corporate debt, high yield debt, credit derivatives and other income-producing securities throughout the world. The fund will use leverage.

Investment Strategy

The fund will invest primarily in debt instruments across the credit spectrum including cash, government debt, investment grade corporate debt, convertible bonds, high yield debt, government agency securities, inflation-linked bonds, private debt, credit derivatives and other income-producing securities throughout the world.

Portfolio Management

Portfolio Manager

CI Global Asset Management
Sub-Advisor

Marret Asset Management Inc

  • Adrian Prenc
  • Adam Tuer

Management and Organization

Fund Manager

CI Global Asset Management
Custodian

CIBC Mellon Trust Company
Registrar

CI Global Asset Management
Distributor

-

Fees

MER 2.45%
Management Fee 0.80%

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