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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (04-03-2025) |
$9.62 |
|---|---|
| Change |
-$0.08
(-0.78%)
|
As at February 28, 2025
As at February 28, 2025
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Inception Return (August 12, 2021): 1.76%
| 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 | 0.89% | 0.97% | 2.55% | 1.75% | 6.04% | 4.36% | 2.13% | - | - | - | - | - | - | - |
| Benchmark | 1.14% | 1.75% | 4.04% | 2.28% | 8.37% | 5.98% | 1.44% | 0.48% | 0.36% | 1.85% | 2.11% | 1.97% | 1.94% | 1.72% |
| Category Average | 0.55% | 1.42% | 3.80% | 1.21% | 8.09% | 7.22% | 4.56% | 3.40% | 4.32% | - | - | - | - | - |
| Category Rank | 28 / 135 | 91 / 134 | 106 / 123 | 29 / 135 | 86 / 113 | 102 / 108 | 81 / 93 | - | - | - | - | - | - | - |
| Quartile Ranking | 1 | 3 | 4 | 1 | 4 | 4 | 4 | - | - | - | - | - | - | - |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.56% | -1.82% | 1.38% | 0.85% | 1.81% | 0.61% | 0.90% | -0.48% | 1.14% | -0.76% | 0.84% | 0.89% |
| Benchmark | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% | 1.51% | -0.52% | 1.13% | 1.14% |
3.67% (November 2023)
-2.28% (September 2023)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | -3.13% | 4.64% | 2.74% |
| 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 |
| Category Rank | - | - | - | - | - | - | - | 47/ 90 | 95/ 108 | 109/ 113 |
4.64% (2023)
-3.13% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 36.85 |
| Canadian Corporate Bonds | 24.06 |
| Canadian Government Bonds | 23.49 |
| Cash and Equivalents | 8.30 |
| US Equity | 3.49 |
| Other | 3.81 |
| Name | Percent |
|---|---|
| Fixed Income | 83.41 |
| Cash and Cash Equivalent | 8.30 |
| Telecommunications | 1.82 |
| Real Estate | 1.02 |
| Consumer Services | 0.96 |
| Other | 4.49 |
| Name | Percent |
|---|---|
| North America | 98.30 |
| Latin America | 0.79 |
| Asia | 0.53 |
| Europe | 0.12 |
| Multi-National | 0.08 |
| Other | 0.18 |
| Name | Percent |
|---|---|
| US 5YR TREAS NTS FUTURE (CBT) EXP JUN 25 0.00% 30-Jun-2025 | 29.72 |
| US 10YR TREAS NTS FUTURE (CBT) EXP JUN 25 0.00% 18-Jun-2025 | 9.47 |
| CAN 2YR BOND FUT 0.00% 19-Jun-2025 | 8.49 |
| Cash and Cash Equivalents | 7.07 |
| Canada Government 3.25% 01-Dec-2034 | 5.03 |
| US DOLLAR | 3.70 |
| United States Treasury 1.88% 15-Jul-2034 | 3.51 |
| CANADA 10YR BOND FUTURE (MSE) EXP JUN 25 0.00% 19-Jun-2025 | 3.46 |
| CANADA 5YR BOND FUTURE (MSE) EXP JUN 25 0.00% 19-Jun-2025 | 3.17 |
| Invesco Senior Loan ETF (BKLN) | 2.22 |
CI Alternative Diversified Opportunities Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 5.44% | - | - |
|---|---|---|---|
| Beta | 0.71% | - | - |
| Alpha | 0.01% | - | - |
| Rsquared | 0.79% | - | - |
| Sharpe | -0.28% | - | - |
| Sortino | -0.20% | - | - |
| Treynor | -0.02% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.53% | 5.44% | - | - |
| Beta | 0.59% | 0.71% | - | - |
| Alpha | 0.01% | 0.01% | - | - |
| Rsquared | 0.65% | 0.79% | - | - |
| Sharpe | 0.53% | -0.28% | - | - |
| Sortino | 1.21% | -0.20% | - | - |
| Treynor | 0.03% | -0.02% | - | - |
| Tax Efficiency | 84.52% | - | - | - |
| Start Date | August 12, 2021 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $895 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIG2359 | ||
| CIG3359 | ||
| CIG3459 |
The fund’s investment objective is to achieve capital appreciation and provide unitholders with attractive risk adjusted returns over an investment cycle. The fund will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts. The fund’s leverage must not exceed three times the fund’s net asset value. The leverage will be calculated in accordance with the methodology prescribed by securities laws, or any exemptions therefrom.
To achieve its objective, the fund intends to invest across a variety of asset classes including, but not limited to, government bonds (nominal & inflation-linked), corporate bonds (investment grade and non-investment grade), commercial paper, bank loans, derivatives, equities, futures, equity options, commodities, currencies and exchange-traded funds, in both domestic and foreign markets.
| 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 | 3.03% |
|---|---|
| Management Fee | 1.80% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | 5.50% |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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