CI Marret Alternative Absolute Return Bond Fund

Series F CAD
 

Fund overview

The fund seeks to provide positive absolute returns with low volatility over a market cycle regardless of market conditions or general market direction, by primarily investing in debt instruments across the credit spectrum including cash, government debt, investment grade corporate debt, high yield debt, credit derivatives and other income-producing securities throughout the world. 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 regulations, or any exemptions therefrom.

Fund details

description of elementelement value
Inception date November 2018
Total net assets ($CAD)
As at 2022-08-31
$647.8 million
NAVPS
As at 2022-09-26
$9.1176
MER (%)
As at 2021-12-31
1.07
MER (%)
(Excluding performance fee)
As at 2021-12-31
1.07
Management fee (%) 0.80
Asset class Alternative Mutual Fund
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0250

Risk rating1

  • Low
  • Low to medium
  • Medium
  • Medium to high
  • High

FUND CODES

F 4191
A ISC 2191
DSC SO* 3191
LL SO 3091
I 5191
P 90191
*No new purchases directly into switch only funds.

Performance2 As at 2022-08-31

Growth of $10,000 (Since inception date)

growth of 10k graph

Calendar year performance

annual performance graph

average annual compound returns

YTD 1 Mo 3 Mo 6 Mo 1 Y 3 Y 5 Y 10 Y Inception*
-7.60% -2.40% -1.40% -5.90% -7.30% -0.30% - - 1.90%
*Since inception date

Distribution history3

Payable date Total
2022-09-23 0.0250
2022-09-23 0.0250
2022-08-26 0.0250
2022-08-26 0.0250
2022-07-22 0.0250
Payable date Total
2022-07-22 0.0250
2022-06-24 0.0250
2022-05-27 0.0250
2022-04-22 0.0250
2022-03-25 0.0250

Management team

First we'll display the Team Company and then the Team members
Marret Asset Management
Marret Asset Management focuses on fixed-income investing and alternative strategies on behalf of institutional, high net worth and retail clients. Marret Asset Management Inc. is a partly owned subsidiary of CI Financial Corp. and an affiliate of CI Investments Inc.
Paul Sandhu
Adam Tuer
Adrian Prenc

CI Marret Alternative Absolute Return Bond Fund

Series F CAD
 
Portfolio allocations4 As at 2022-08-31
Asset allocation (%)
  • Foreign Corporate Bonds 26.25
  • Foreign Government Bonds 25.07
  • Canadian Government Bonds 23.38
  • Canadian Corporate Bonds 19.15
  • Cash and Equivalents 4.61
  • US Equity 1.16
  • International Equity 0.27
  • Canadian Equity 0.21
  • Other -0.10
Sector allocation (%)
  • Fixed Income 93.85
  • Cash and Cash Equivalent 4.61
  • Consumer Services 0.71
  • Telecommunications 0.53
  • Consumer Goods 0.39
  • Exchange Traded Fund 0.29
  • Energy 0.22
  • Basic Materials 0.16
  • Technology 0.14
  • Other -0.90
Geographic allocation(%)
  • United States 58.10
  • Canada 41.74
  • Luxembourg 0.11
  • Brazil 0.06
  • Netherlands 0.05
  • Other -0.06
Top holdings
Sector (%)
1. Canada Government 1.50% 01-Dec-2031 Fixed Income 7.54%
2. Canada Government 1.50% 01-Jun-2031 Fixed Income 5.66%
3. United States Treasury 1.88% 15-Feb-2032 Fixed Income 4.97%
4. United States Treasury 1.38% 15-Nov-2031 Fixed Income 2.62%
5. Tenet Healthcare Corp 4.63% 15-Jul-2024 Fixed Income 2.53%
6. Canada Government 0.50% 01-Dec-2030 Fixed Income 2.49%
7. Canada Government 2.00% 01-Dec-2051 Fixed Income 2.25%
8. UNITED STATES TREASURY NOTE/BOND 2.75% 15-Aug-2032 Fixed Income 2.24%
9. Canada Government 2.00% 01-Jun-2032 Fixed Income 2.03%
10. United States Treasury 1.88% 15-Nov-2051 Fixed Income 1.73%
11. Netflix Inc 3.63% 15-Jun-2025 Fixed Income 1.57%
12. United States Treasury 1.25% 15-Aug-2031 Fixed Income 1.51%
13. United States Treasury 1.88% 28-Feb-2027 Fixed Income 1.26%
14. First Quantum Minerals Ltd 6.50% 01-Mar-2024 Fixed Income 1.16%
15. Western Midstream Operating LP 3.56% 13-Jan-2023 Cash and Cash Equivalent 1.10%
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