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CI Munro Alternative Global Growth Fund (Series A units)
Alternative Equity Focus
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
Click for more information on Fundata’s ESG Grade
Fundata ESG Grade C
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FundGrade A+® Rating Recipient
2021
Click for more information on Fundata’s FundGrade
|
NAVPS (10-14-2026) |
$19.89 |
|---|---|
| Change |
-$0.38
(-1.89%)
|
As at September 30, 2026
As at September 30, 2026
As at September 30, 2026
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Legend
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Fund Returns
Inception Return (November 07, 2018): 11.58%
| 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 | 0.53% | -10.17% | 10.96% | 5.85% | 4.87% | 12.99% | 21.39% | 16.22% | 8.92% | 9.58% | 13.35% | - | - | - |
| Benchmark | -2.62% | 1.62% | 8.69% | 12.96% | 20.02% | 24.24% | 25.06% | 20.99% | 15.18% | 17.23% | 14.59% | 13.62% | 12.74% | 12.37% |
| Category Average | -0.87% | 0.80% | 9.79% | 11.19% | 14.05% | 14.15% | 16.22% | 12.82% | 9.14% | 11.09% | 9.53% | - | - | - |
| Category Rank | 91 / 278 | 266 / 270 | 106 / 254 | 173 / 240 | 175 / 237 | 85 / 167 | 39 / 131 | 42 / 115 | 49 / 101 | 30 / 59 | 11 / 35 | - | - | - |
| Quartile Ranking | 2 | 4 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 3 | 2 | - | - | - |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.92% | -4.74% | 0.10% | 0.57% | 0.29% | -5.42% | 10.87% | 7.52% | 3.61% | -9.06% | -1.73% | 0.53% |
| Benchmark | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% | 0.50% | 1.22% | 3.10% | -2.62% |
Best Monthly Return Since Inception
10.87% (April 2026)
Worst Monthly Return Since Inception
-9.72% (January 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | 9.34% | 40.48% | 7.99% | -19.98% | 15.12% | 35.44% | 12.66% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% | 16.58% | 15.40% |
| Quartile Ranking | - | - | - | 3 | 1 | 3 | 4 | 2 | 1 | 2 |
| Category Rank | - | - | - | 11/ 18 | 7/ 37 | 60/ 81 | 99/ 102 | 39/ 118 | 16/ 139 | 81/ 189 |
Best Calendar Return (Last 10 years)
40.48% (2020)
Worst Calendar Return (Last 10 years)
-19.98% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 61.76 |
| International Equity | 33.98 |
| Cash and Equivalents | 2.66 |
| Canadian Equity | 1.54 |
| Foreign Bonds - Other | 0.04 |
| Other | 0.02 |
Sector Allocation
| Name | Percent |
|---|---|
| Technology | 41.27 |
| Industrial Goods | 16.65 |
| Consumer Services | 8.18 |
| Financial Services | 6.50 |
| Healthcare | 6.07 |
| Other | 21.33 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 62.05 |
| Europe | 24.61 |
| Asia | 13.33 |
| Other | 0.01 |
Top Holdings
| Name | Percent |
|---|---|
| NVIDIA Corp | 8.30 |
| Taiwan Semiconductor Manufactrg Co Ltd | 5.58 |
| Amazon.com Inc | 5.55 |
| Alphabet Inc Cl A | 5.00 |
| Mastercard Inc Cl A | 4.43 |
| ASML Holding NV | 4.38 |
| GE Vernova Inc | 3.57 |
| Rolls-Royce Holdings PLC | 3.28 |
| Lumentum Holdings Inc | 2.89 |
| Johnson Controls International PLC | 2.80 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
CI Munro Alternative Global Growth Fund (Series A units)
Median
Other - Alternative Equity Focus
3 Yr Annualized
| Standard Deviation | 16.47% | 15.10% | - |
|---|---|---|---|
| Beta | 0.62 | 0.51 | - |
| Alpha | 0.07 | 0.02 | - |
| Rsquared | 0.16% | 0.18% | - |
| Sharpe | 1.07 | 0.44 | - |
| Sortino | 1.93 | 0.69 | - |
| Treynor | 0.28 | 0.13 | - |
| Tax Efficiency | 95.90% | 91.04% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 19.19% | 16.47% | 15.10% | - |
| Beta | 0.43 | 0.62 | 0.51 | - |
| Alpha | -0.02 | 0.07 | 0.02 | - |
| Rsquared | 0.06% | 0.16% | 0.18% | - |
| Sharpe | 0.22 | 1.07 | 0.44 | - |
| Sortino | 0.28 | 1.93 | 0.69 | - |
| Treynor | 0.10 | 0.28 | 0.13 | - |
| Tax Efficiency | 68.74% | 95.90% | 91.04% | - |
Fundata ESG Metrics
Fundata ESG Score
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Fundata E Score
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Fundata S Score
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Fundata G Score
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
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 | Quarterly |
| Assets ($mil) | $1,190 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIG14065 | LSC | Open |
| CIG14165 | FE | Open |
| CIG14166 | FE | Open |
| CIG14265 | DSC | Open |
| CIG14365 | DSC | Open |
| CIG14416 | DSC | Open |
| CIG14816 | LSC | Open |
| CIG2192 | ISC | Open |
| CIG3092 | LSC | Open |
| CIG3192 | DSC | Open |
Investment Objectives
The fund seeks to generate risk-adjusted, absolute returns through exposure to global growth equities over the medium to long term, while maintaining a capital preservation mindset. The fund will use leverage. The leverage will be created generally through the use of short sales and derivative contracts. The fund’s leverage must not exceed three times the fund’s net asset value.
Investment Strategy
The fund will invest primarily in listed international equities, deploying a long/short equities strategy with a long bias. The investment strategy is designed to identify sustainable growth trends that are under-appreciated and mispriced by the market, and the resulting winning and losing stocks. The fund’s aggregate gross exposure will not exceed 150% of the fund’s net asset value.
Portfolio Management
| Portfolio Manager |
CI Global Asset Management |
|---|---|
| Sub-Advisor |
Munro Partners
|
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 | 10,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 3.45% |
|---|---|
| Management Fee | 1.90% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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