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Alternative Credit Focus
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|
NAVPS (11-20-2024) |
$20.16 |
|---|---|
| Change |
-$0.01
(-0.03%)
|
As at October 31, 2024
As at October 31, 2024
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Inception Return (January 23, 2020): 3.21%
| 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 | 0.28% | 1.96% | 4.26% | 7.27% | 10.02% | 7.41% | 3.15% | 3.42% | - | - | - | - | - | - |
| Benchmark | -1.07% | 1.25% | 6.50% | 3.09% | 11.09% | 5.28% | -0.23% | -1.11% | 0.36% | 1.97% | 1.60% | 1.33% | 1.81% | 2.06% |
| Category Average | 0.25% | 1.99% | 4.91% | 6.68% | 11.57% | 7.89% | 3.26% | 4.09% | 4.09% | - | - | - | - | - |
| Category Rank | 77 / 127 | 55 / 125 | 68 / 113 | 46 / 113 | 68 / 112 | 45 / 95 | 49 / 90 | 45 / 67 | - | - | - | - | - | - |
| Quartile Ranking | 3 | 2 | 3 | 2 | 3 | 2 | 3 | 3 | - | - | - | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.34% | 1.21% | 1.37% | 0.88% | 0.56% | 0.05% | 0.75% | 0.30% | 1.19% | 0.68% | 0.99% | 0.28% |
| Benchmark | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% |
2.86% (June 2020)
-8.22% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 1.33% | -3.50% | 6.12% |
| 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 | 3 | 3 |
| Category Rank | - | - | - | - | - | - | - | 53/ 67 | 52/ 90 | 66/ 108 |
6.12% (2023)
-3.50% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 167.03 |
| Foreign Corporate Bonds | 39.29 |
| Cash and Equivalents | 26.87 |
| Mortgages | -0.01 |
| Canadian Bonds - Other | -0.01 |
| Other | -133.17 |
| Name | Percent |
|---|---|
| Fixed Income | 72.74 |
| Cash and Cash Equivalent | 26.87 |
| Exchange Traded Fund | 0.52 |
| Other | -0.13 |
| Name | Percent |
|---|---|
| North America | 100.01 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| United States Treasury 3.75% 31-Aug-2026 | 15.40 |
| Canada Government 4.00% 01-Aug-2026 | 10.67 |
| Canada Government 3.00% 01-Jun-2034 | 9.04 |
| Cash and Cash Equivalents | 7.76 |
| United States Treasury 4.38% 15-May-2034 | 7.39 |
| Pacific Life Global Funding II 4.77% 01-Feb-2027 | 4.73 |
| United States Treasury 3.88% 15-Aug-2034 | 4.69 |
| Air Lease Corp 5.40% 29-Nov-2024 | 4.46 |
| Cenovus Energy Inc 3.50% 07-Feb-2028 | 4.40 |
| Canadian Imperial Bank Commrce 4.80% 15-Jul-2026 | 4.29 |
CI Alternative Investment Grade Credit Fund - ETF C$ Series
Median
Other - Alternative Credit Focus
| Standard Deviation | 2.35% | - | - |
|---|---|---|---|
| Beta | 0.20% | - | - |
| Alpha | 0.03% | - | - |
| Rsquared | 0.36% | - | - |
| Sharpe | -0.14% | - | - |
| Sortino | 0.08% | - | - |
| Treynor | -0.02% | - | - |
| Tax Efficiency | 60.30% | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.53% | 2.35% | - | - |
| Beta | 0.10% | 0.20% | - | - |
| Alpha | 0.09% | 0.03% | - | - |
| Rsquared | 0.20% | 0.36% | - | - |
| Sharpe | 3.25% | -0.14% | - | - |
| Sortino | - | 0.08% | - | - |
| Treynor | 0.50% | -0.02% | - | - |
| Tax Efficiency | 87.33% | 60.30% | - | - |
| Start Date | January 23, 2020 |
|---|---|
| Instrument Type | Exchange Traded Fund (Alternative) |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $370 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| N/A | ||
The fund seeks to generate consistent positive total returns with an emphasis on capital preservation and low correlation to traditional equity and fixed income markets. The fund will be primarily invested in the investment grade debt of corporations and financial institutions in the developed world. The fund will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts.
The portfolio adviser will purchase and manage a core portfolio of primarily investment grade debt, the selection of which will be based on sound fundamental principles and technical market conditions. The investment will be allocated across a large number of issuers in multiple industry sectors and geographical locations in all parts of the capital structure and maturity profile.
| Name | Start Date |
|---|---|
| Jason Goddard | 11-02-2021 |
| CI Global Asset Management | 05-05-2022 |
| Fund Manager | CI Global Asset Management |
|---|---|
| Advisor | CI Global Asset Management |
| Custodian | CIBC Mellon Trust Company |
| Registrar | CI Global Asset Management |
| Distributor | - |
| Auditor | Ernst & Young LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 1.71% |
|---|---|
| Management Fee | 0.80% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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