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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
(05-01-2025) 		$18.57
Change
$0.00 (0.00%)
Open -
Day Range - - -
Volume 0

As at March 31, 2025

As at March 31, 2025

  • Closing Price / Volume
Period
Created with Highcharts 10.3.3Closing PriceVolumeJul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025May 2024Jun 2024Jul 2024Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Mar 2025Apr 20252021-01-012022-01-012023-01-012024-01-012025-01-01$18.00$20.00$22.00$16.00$17.50$18.50$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 2025May …May 2024Jun 2024Jul 2024Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Mar 2025Apr 20252020-07-012021-01-012021-07-012022-01-012022-07-012023-01-012023-07-012024-01-012024-07-012025-01-01-20%-15%-10%-5%0%5%10%-2%2%4%6%Period

Legend

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

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Fund Returns

Inception Return (January 23, 2020): 2.25%

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 -0.19% 2.08% 2.10% 2.08% 7.23% 4.29% 2.15% 1.38% 1.69% - - - - -
Benchmark -0.20% 1.91% -4.37% 1.91% 1.12% 1.53% -2.37% -2.67% 0.57% 0.15% 0.34% 0.93% 0.64% 0.43%
Category Average -0.21% 2.47% 2.47% 0.99% 6.99% 6.93% 4.59% 3.30% 5.79% - - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Created with Highcharts 10.3.3Apr 24May 24Jun 24Jul 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 25Feb 25Mar 25-6%-4%-2%0%2%4%
Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -1.91% 1.52% 1.12% 2.10% 0.87% 1.28% -0.54% 1.15% -0.59% 0.90% 1.37% -0.19%
Benchmark -3.42% 0.00% 3.39% 1.17% 3.04% 1.58% -4.13% 1.06% -3.15% 0.42% 1.68% -0.20%

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 - - - - - - 1.03% -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 Corporate Bonds 50.95
Canadian Corporate Bonds 25.46
Canadian Government Bonds 14.31
Cash and Equivalents 7.77
Foreign Government Bonds 1.09
Other 0.42

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 91.80
Cash and Cash Equivalent 7.76
Consumer Goods 0.41
Other 0.03

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.94
Asia 0.04
Other 0.02

Top Holdings

Top Holdings
Name Percent
US 5YR TREAS NTS FUTURE (CBT) EXP JUN 25 0.00% 30-Jun-2025 16.77
US 10YR TREAS NTS FUTURE (CBT) EXP JUN 25 0.00% 18-Jun-2025 8.67
Cash and Cash Equivalents 5.19
CANADA 5YR BOND FUTURE (MSE) EXP JUN 25 0.00% 19-Jun-2025 3.38
Canada Government 3.25% 01-Dec-2034 3.12
Canada Government 1.75% 01-Dec-2053 3.08
CAN 2YR BOND FUT 0.00% 19-Jun-2025 2.51
iShares iBoxx $ High Yield Corp Bond ETF (HYG) 2.09
Invesco Senior Loan ETF (BKLN) 1.69
PARKLAND CORPORATION 3.88% 16-Jun-2026 1.49

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return01234567891011-4%-2%0%2%4%6%8%10%12%

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

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 6.72% 5.40% -
Beta 0.96% 0.77% -
Alpha 0.00% 0.01% -
Rsquared 0.88% 0.78% -
Sharpe -0.22% -0.10% -
Sortino -0.14% -0.31% -
Treynor -0.02% -0.01% -
Tax Efficiency 19.39% - -
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 3.98% 6.72% 5.40% -
Beta 0.67% 0.96% 0.77% -
Alpha 0.02% 0.00% 0.01% -
Rsquared 0.70% 0.88% 0.78% -
Sharpe 0.80% -0.22% -0.10% -
Sortino 1.64% -0.14% -0.31% -
Treynor 0.05% -0.02% -0.01% -
Tax Efficiency 75.38% 19.39% - -

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) $294
52 Week High $18.75
52 Week Low $16.87
Annual Dividend $0.80
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 2.21%
Management Fee 0.80%

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