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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (07-22-2025) |
$9.71 |
|---|---|
| Change |
$0.01
(0.05%)
|
As at June 30, 2025
As at June 30, 2025
Inception Return (May 14, 2020): 2.66%
| 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 | 0.96% | 1.27% | 2.22% | 2.22% | 5.65% | 5.03% | 4.31% | 2.10% | 2.53% | - | - | - | - | - |
| 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 | 0.93% | 1.38% | 2.39% | 2.39% | 7.05% | 7.36% | 6.41% | 3.20% | 4.56% | 4.15% | - | - | - | - |
| Category Rank | 58 / 137 | 79 / 137 | 77 / 135 | 77 / 135 | 95 / 124 | 97 / 110 | 86 / 94 | 55 / 75 | 52 / 63 | - | - | - | - | - |
| Quartile Ranking | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 4 | - | - | - | - | - |
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.02% | 0.54% | 0.75% | 0.21% | 0.80% | -0.01% | 0.67% | 0.74% | -0.47% | -0.34% | 0.65% | 0.96% |
| 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% |
2.25% (November 2023)
-1.76% (June 2022)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 1.27% | -3.30% | 4.49% | 4.99% |
| 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 | - | - | - | - | - | - | 4 | 3 | 4 | 4 |
| Category Rank | - | - | - | - | - | - | 54/ 67 | 49/ 90 | 97/ 108 | 94/ 114 |
4.99% (2024)
-3.30% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 46.90 |
| Foreign Government Bonds | 34.47 |
| Canadian Corporate Bonds | 25.66 |
| Canadian Government Bonds | 17.24 |
| US Equity | 0.63 |
| Name | Percent |
|---|---|
| Fixed Income | 124.61 |
| Consumer Goods | 0.63 |
| Cash and Cash Equivalent | -25.23 |
| Name | Percent |
|---|---|
| North America | 99.82 |
| Asia | 0.09 |
| Europe | 0.04 |
| Latin America | 0.04 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| US 2YR NOTE (CBT) EXP SEP 15 0.00% 30-Sep-2025 | 57.83 |
| CAN 5YR BOND FUT EXP SEP 15 0.00% 18-Sep-2025 | 12.62 |
| Bell Canada 3.55% 02-Dec-2025 | 3.48 |
| US DOLLAR | 3.39 |
| Royal Bank of Canada 4.50% 24-Oct-2025 | 2.01 |
| NOVA Chemicals Corp 8.50% 15-Nov-2025 | 1.93 |
| Kruger Packaging Holdings LP 6.00% 01-Jun-2026 | 1.92 |
| Atkinsrealis Group Inc 7.00% 12-Jun-2026 | 1.76 |
| Canada Government 3.00% 01-Jun-2034 | 1.69 |
| Six Flags Theme Parks Inc 7.00% 01-Jul-2025 | 1.68 |
CI Marret Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 3.03% | 2.80% | - |
|---|---|---|---|
| Beta | 0.43% | 0.39% | - |
| Alpha | 0.02% | 0.03% | - |
| Rsquared | 0.77% | 0.68% | - |
| Sharpe | 0.09% | 0.01% | - |
| Sortino | 0.70% | -0.24% | - |
| Treynor | 0.01% | 0.00% | - |
| Tax Efficiency | 68.30% | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.73% | 3.03% | 2.80% | - |
| Beta | 0.35% | 0.43% | 0.39% | - |
| Alpha | 0.04% | 0.02% | 0.03% | - |
| Rsquared | 0.54% | 0.77% | 0.68% | - |
| Sharpe | 1.25% | 0.09% | 0.01% | - |
| Sortino | 2.60% | 0.70% | -0.24% | - |
| Treynor | 0.06% | 0.01% | 0.00% | - |
| Tax Efficiency | 74.72% | 68.30% | - | - |
| Start Date | May 14, 2020 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $71 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIG2195 | ||
| CIG3095 | ||
| CIG3195 |
The fund seeks to provide income with low volatility over a market cycle regardless of market conditions or general market direction, by primarily investing in both debt instruments across the credit spectrum and cash or cash equivalents. The fund seeks to provide income while targeting low correlation to equity and traditional income. The fund will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts.
The portfolio sub-advisor expects to invest in debt instruments across the credit spectrum including, but not limited to, cash, government debt, investment grade corporate debt, high-yield debt, credit derivatives, commercial paper, term loans, floating rate securities and other income-producing securities including fixed-income exchange-traded funds.
| Portfolio Manager |
CI Global Asset Management |
|---|---|
| Sub-Advisor |
Marret Asset Management Inc
|
| Fund Manager |
CI Global Asset Management |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
CI Global Asset Management |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.07% |
|---|---|
| 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) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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