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CC&L Alternative Income Fund Series A

Alternative Credit Focus

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-19-2024)
$8.02
Change
$0.00 (0.04%)

As at March 31, 2024

Period
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Legend

CC&L Alternative Income Fund Series A

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Fund Returns

Inception Return (March 01, 2019): 1.30%

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 0.06% 1.56% 2.18% 1.56% 3.06% 0.85% -0.09% 4.05% 1.19% - - - - -
Benchmark 0.48% -1.28% 6.84% -1.28% 1.93% -0.14% -1.50% -0.83% 0.22% 1.02% 1.12% 1.15% 1.09% 2.01%
Category Average 0.82% 6.16% 6.16% 1.92% 6.88% 3.42% 2.11% 5.50% - - - - - -
Category Rank 111 / 120 78 / 120 111 / 119 78 / 120 96 / 116 76 / 102 59 / 75 35 / 52 24 / 33 - - - - -
Quartile Ranking 4 3 4 3 4 3 4 3 3 - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.62% -0.69% -0.85% 0.25% 1.10% 0.45% -0.02% 0.60% 0.03% 1.38% 0.12% 0.06%
Benchmark 0.90% -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48%

Best Monthly Return Since Inception

6.26% (April 2020)

Worst Monthly Return Since Inception

-8.65% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 4.91% 3.19% -7.37% 3.64%
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 3 4
Category Rank - - - - - - 38/ 47 30/ 75 70/ 98 111/ 116

Best Calendar Return (Last 10 years)

4.91% (2020)

Worst Calendar Return (Last 10 years)

-7.37% (2022)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

CC&L Alternative Income Fund Series A

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 4.20% 6.25% -
Beta 0.43% 0.58% -
Alpha 0.01% 0.01% -
Rsquared 0.47% 0.33% -
Sharpe -0.62% -0.09% -
Sortino -0.90% -0.33% -
Treynor -0.06% -0.01% -
Tax Efficiency - - -
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 2.23% 4.20% 6.25% -
Beta 0.01% 0.43% 0.58% -
Alpha 0.03% 0.01% 0.01% -
Rsquared 0.00% 0.47% 0.33% -
Sharpe -0.76% -0.62% -0.09% -
Sortino 0.03% -0.90% -0.33% -
Treynor -2.92% -0.06% -0.01% -
Tax Efficiency 60.86% - - -

Fund Details

Start Date March 01, 2019
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
CCL1700

Investment Objectives

The CC&L Alternative Income Fund seeks to provide unitholders with long-term returns. The portfolio manager will actively manage a diversified portfolio of primarily global fixed income securities by opportunistically utilizing both long and short positions. The Fund will engage in short selling, cash borrowing and use derivatives in order to meet its investment objective.

Investment Strategy

The Manager has retained CCLIM, as portfolio manager, with full authority and responsibility, to invest the assets of the Fund. CCLIM and the Manager are part of CC&LFG. CCLIM was established in 1982 and is one of Canada’s largest independent investment management companies with significant experience in managing alternative investment strategies.

Portfolio Manager(s)

Name Start Date
Connor, Clark & Lunn Investment Management Ltd. 03-01-2019

Management and Organization

Fund Manager Connor, Clark & Lunn Funds Inc
Advisor Connor, Clark & Lunn Investment Management Ltd.
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Investor Services Trust (Canada)
Distributor -
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 100
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 2.27%
Management Fee 1.45%
Load Front Fee Only
FE Max 2.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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