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Alternative Credit Focus
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|
NAVPS (09-17-2024) |
$9.36 |
|---|---|
| Change |
$0.00
(-0.04%)
|
As at August 31, 2024
As at August 31, 2024
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Inception Return (November 07, 2018): 1.73%
| 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 | 0.71% | 3.75% | 3.68% | 2.23% | 6.38% | 2.48% | -1.08% | -0.40% | 0.42% | - | - | - | - | - |
| Benchmark | 0.52% | 5.73% | 4.16% | 2.34% | 7.86% | 4.00% | -1.22% | -1.35% | -0.01% | 1.56% | 1.54% | 1.13% | 1.64% | 1.98% |
| Category Average | 0.64% | 4.13% | 4.13% | 5.27% | 9.05% | 6.22% | 2.79% | 3.77% | 3.80% | - | - | - | - | - |
| Category Rank | 48 / 129 | 15 / 126 | 71 / 117 | 112 / 117 | 95 / 114 | 95 / 98 | 77 / 87 | 63 / 67 | 33 / 37 | - | - | - | - | - |
| Quartile Ranking | 2 | 1 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | - | - | - | - | - |
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -2.79% | -0.96% | 4.21% | 3.72% | -0.68% | -0.73% | 0.55% | -2.00% | 1.42% | 1.01% | 1.99% | 0.71% |
| Benchmark | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% |
4.21% (November 2023)
-3.38% (April 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | 4.52% | 8.41% | 0.45% | -9.15% | 4.16% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
| Quartile Ranking | - | - | - | - | - | 4 | 2 | 4 | 4 | 4 |
| Category Rank | - | - | - | - | - | 18/ 21 | 14/ 43 | 59/ 71 | 74/ 94 | 100/ 112 |
8.41% (2020)
-9.15% (2022)
| Name | Percent |
|---|---|
| Cash and Equivalents | 23.73 |
| Canadian Government Bonds | 23.72 |
| Foreign Government Bonds | 20.10 |
| Foreign Corporate Bonds | 19.62 |
| Canadian Corporate Bonds | 12.59 |
| Other | 0.24 |
| Name | Percent |
|---|---|
| Fixed Income | 75.92 |
| Cash and Cash Equivalent | 23.74 |
| Consumer Goods | 0.34 |
| Name | Percent |
|---|---|
| North America | 99.90 |
| Latin America | 0.10 |
| Europe | 0.00 |
| Name | Percent |
|---|---|
| Canada Government 3.25% 01-Dec-2033 | 11.70 |
| United States Treasury 4.38% 15-May-2034 | 9.85 |
| United States Treasury 4.00% 31-Jul-2029 | 4.98 |
| Ontario Province 4.15% 02-Dec-2054 | 4.43 |
| United States Treasury 4.50% 31-Mar-2026 | 2.58 |
| United States Treasury 1.75% 15-Jan-2034 | 2.58 |
| Southwestern Energy Co 5.70% 23-Jan-2025 | 1.85 |
| Ontario Province 4.15% 02-Jun-2034 | 1.64 |
| Canada Government 1.25% 01-Mar-2027 | 1.42 |
| United States Treasury 4.88% 31-May-2026 | 1.29 |
CI Marret Alternative Absolute Return Bond Fund (Series A units)
Median
Other - Alternative Credit Focus
| Standard Deviation | 6.74% | 5.51% | - |
|---|---|---|---|
| Beta | 0.89% | 0.74% | - |
| Alpha | 0.00% | 0.00% | - |
| Rsquared | 0.85% | 0.73% | - |
| Sharpe | -0.61% | -0.29% | - |
| Sortino | -0.78% | -0.60% | - |
| Treynor | -0.05% | -0.02% | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 7.36% | 6.74% | 5.51% | - |
| Beta | 0.90% | 0.89% | 0.74% | - |
| Alpha | -0.01% | 0.00% | 0.00% | - |
| Rsquared | 0.84% | 0.85% | 0.73% | - |
| Sharpe | 0.22% | -0.61% | -0.29% | - |
| Sortino | 0.82% | -0.78% | -0.60% | - |
| Treynor | 0.02% | -0.05% | -0.02% | - |
| Tax Efficiency | 81.26% | - | - | - |
| 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) | $331 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIG14163 | ||
| CIG14164 | ||
| CIG2191 | ||
| CIG3091 | ||
| CIG3191 |
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.
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.
| Name | Start Date |
|---|---|
| Adrian Prenc | 10-30-2018 |
| Adam Tuer | 10-30-2018 |
| Paul Sandhu | 10-30-2018 |
| CI Global Asset Management | 05-05-2022 |
| 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 |
| 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 |
| MER | 2.86% |
|---|---|
| Management Fee | 1.30% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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