CI Marret Alternative Enhanced Yield Fund Series A
NAVPS
NAVPS:$9.54
Change
$0.01 (0.12%)
CI Marret Alternative Enhanced Yield Fund Series A
Compare to:
Inception Return
(05-14-2020)
1.74%
YTD Return
0.14%
NAVPS
(03-27-2024)
$9.54
$0.01
(0.12%)
MER
1.65%
Assets ($mil)
$59
1 Yr Return
4.13%
Registered Plan Eligible
Yes
Load
Front Fee Only
CIFSC Category
Alternative Credit Focus
Share Class
Commission Based Advice
Fund Codes
CIG2195(FE)
FUNDGRADE
Classification
Mutual
Legal Status
-
Sales Status
Open
Currency
CAD
Start Date
May 14, 2020
Distribution Frequency
Monthly
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.
Inception Return
(05-14-2020)
1.74%
YTD Return
0.14%
FundGrade
NAVPS (03-27-2024)
$9.54
$0.01
/
0.12%
Best Month
2.25%
Worst Month
-1.76%