Try Fund Library Premium
For Free with a 30 day trial!
Alternative Credit Focus
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (05-20-2025) |
$10.29 |
|---|---|
| Change |
$0.00
(-0.01%)
|
As at April 30, 2025
As at April 30, 2025
Inception Return (November 21, 2022): 7.01%
| 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 | 0.21% | 0.79% | 1.88% | 1.08% | 5.59% | 6.69% | - | - | - | - | - | - | - | - |
| Benchmark | -0.77% | 0.07% | 2.20% | 1.20% | 8.84% | 3.83% | 3.17% | 0.48% | -0.10% | 1.30% | 1.96% | 1.60% | 1.75% | 1.79% |
| Category Average | -0.54% | -0.20% | 1.65% | 0.44% | 6.65% | 6.26% | 5.00% | 2.96% | 4.99% | 3.93% | - | - | - | - |
| Category Rank | 22 / 136 | 30 / 135 | 64 / 129 | 44 / 135 | 67 / 113 | 46 / 109 | - | - | - | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 2 | 2 | 3 | 2 | - | - | - | - | - | - | - | - |
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.50% | 0.84% | 0.74% | 0.92% | 0.48% | 0.11% | 0.53% | 0.27% | 0.29% | 0.41% | 0.16% | 0.21% |
| Benchmark | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% | 1.51% | -0.52% | 1.13% | 1.14% | -0.29% | -0.77% |
1.85% (January 2023)
-0.27% (March 2023)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | 8.54% | 7.00% |
| 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 | - | - | - | - | - | - | - | - | 2 | 3 |
| Category Rank | - | - | - | - | - | - | - | - | 28/ 108 | 72/ 113 |
8.54% (2023)
7.00% (2024)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 139.34 |
| Cash and Equivalents | 66.07 |
| Mortgages | 11.50 |
| Canadian Bonds - Other | 5.88 |
| Foreign Government Bonds | 2.65 |
| Other | -125.44 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 66.06 |
| Fixed Income | 33.93 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| North America | 97.33 |
| Asia | 1.45 |
| Europe | 1.22 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 34.59 |
| Canada Government 0.25% 01-Mar-2026 | 12.20 |
| Royal Bank of Canada 5.01% 01-Feb-2028 | 5.66 |
| Toronto-Dominion Bank 4.21% 01-Jun-2027 | 5.61 |
| First Capital Realty Inc 3.60% 06-May-2026 | 4.82 |
| Bank of Nova Scotia 5.68% 02-Aug-2028 | 4.33 |
| First National Financial Corp 2.96% 17-Nov-2025 | 4.09 |
| Toronto-Dominion Bank 3.06% 26-Jan-2027 | 4.06 |
| Hydro-Quebec 15-Feb-2035 | 3.68 |
| SmartCentres REIT 5.35% 29-May-2028 | 3.59 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.93% | - | - | - |
| Beta | 0.15% | - | - | - |
| Alpha | 0.04% | - | - | - |
| Rsquared | 0.51% | - | - | - |
| Sharpe | 1.88% | - | - | - |
| Sortino | 14.57% | - | - | - |
| Treynor | 0.12% | - | - | - |
| Tax Efficiency | 68.02% | - | - | - |
| Start Date | November 21, 2022 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $145 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ATL5056 |
To provide a positive total net return over a full market cycle, regardless of general market direction, by investing primarily in long and short positions in North American corporate and government fixed-income securities. The Fund may engage in physical short sales, borrowing and/or derivatives for investment purposes. The Fund’s aggregate exposure shall not exceed limits on the use of gross exposure or as otherwise permitted under applicable securities legislation.
To achieve its investment objectives, the Fund: will use both long and short positioning in a variety of corporate and government instruments. Strategies based on both fundamental credit and macroeconomic views of the Portfolio Advisor as well as systematic strategies may be used to generate positions in credit risk premiums using leverage. Other strategies may include long-short positions within an individual issuer’s debt capital structure.
| Portfolio Manager |
CIBC Asset Management Inc. |
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
CIBC Asset Management Inc. |
|---|---|
| Custodian |
- |
| Registrar |
- |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 1.53% |
|---|---|
| Management Fee | 1.20% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
Try Fund Library Premium
For Free with a 30 day trial!
Fund Library
