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CI Alternative Investment Grade Credit Fund (Series A units)

Alternative Credit Focus

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(08-08-2025)
$9.65
Change
$0.00 (0.00%)

As at June 30, 2025

As at June 30, 2025

Period
Created with Highcharts 10.3.3Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025$9,000$10,000$11,000$12,000$13,000$9,500$10,500$11,500Period

Legend

CI Alternative Investment Grade Credit Fund (Series A units)

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Fund Returns

Inception Return (November 07, 2018): 2.91%

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 0.41% 0.37% 0.19% 0.19% 4.69% 5.98% 4.83% 2.30% 3.62% 2.77% - - - -
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% 1.37% 2.38% 2.38% 7.04% 7.35% 6.40% 3.20% 4.56% 4.15% - - - -
Category Rank 123 / 137 120 / 137 128 / 135 128 / 135 110 / 124 81 / 110 79 / 94 52 / 75 45 / 63 20 / 27 - - - -
Quartile Ranking 4 4 4 4 4 3 4 3 3 3 - - - -

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.11% 0.64% 0.88% 0.27% 1.40% 0.11% 0.11% -0.07% -0.23% -1.19% 1.17% 0.41%
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

2.89% (June 2020)

Worst Monthly Return Since Inception

-9.00% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - 5.16% 4.36% 0.84% -4.04% 5.52% 8.39%
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 - - - - 3 4 4 3 3 2
Category Rank - - - - 14/ 22 31/ 39 59/ 67 54/ 90 79/ 108 47/ 114

Best Calendar Return (Last 10 years)

8.39% (2024)

Worst Calendar Return (Last 10 years)

-4.04% (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 (Series A units)

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 2.10% 2.46% -
Beta 0.15% 0.20% -
Alpha 0.04% 0.04% -
Rsquared 0.20% 0.23% -
Sharpe 0.36% 0.44% -
Sortino 1.36% 0.37% -
Treynor 0.05% 0.05% -
Tax Efficiency 62.18% 55.00% -
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 2.49% 2.10% 2.46% -
Beta 0.41% 0.15% 0.20% -
Alpha 0.02% 0.04% 0.04% -
Rsquared 0.36% 0.20% 0.23% -
Sharpe 0.51% 0.36% 0.44% -
Sortino 1.04% 1.36% 0.37% -
Treynor 0.03% 0.05% 0.05% -
Tax Efficiency 84.73% 62.18% 55.00% -

Fund Details

Start Date November 07, 2018
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $669

Fund Codes

FundServ Code Load Code Sales Status
CIG2190
CIG3090
CIG3190

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

-

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.81%
Management Fee 1.30%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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