CI Marret Alternative Absolute Return Bond Fund

Series IH USD Hedged

Not available to retail investors / for approved investors only
 

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 August 2019
CAD Total net assets ($CAD)
As at 2026-08-31
$172.5 million
NAVPS
As at 2026-09-16
$8.5862
MER (%)
As at 2026-06-30
0.01
MER (%)
(Excluding performance fee)
As at 2026-06-30
0.01
Management fee (%) Negotiable
Asset class Alternative Credit Focused
Currency USD Hedged
Minimum investment Negotiable
Distribution frequency Monthly
Last distribution $0.0390
Average Credit Rating BBB

Risk rating1

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

FUND CODES

IH 5193
AH ISC 2193
DSC SO* 3193
LL SO 3093
FH 4193
PH 90391
*No new purchases directly into switch only funds.

Performance2 As at 2026-08-31

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*
2.91% 0.33% -0.08% 0.98% 4.92% 6.94% 3.01% - 3.77%
*Since inception date

Distribution history3

Payable date Total
2026-08-28 0.0390
2026-07-24 0.0390
2026-06-26 0.0390
2026-05-22 0.0390
2026-04-24 0.0390
Payable date Total
2026-03-27 0.0390
2026-02-20 0.0390
2026-01-23 0.0390
2025-12-19 0.1655
2025-11-21 0.0390

RATING SUMMARY (%)

AAA 0.32
A 17.41
BBB 54.24
BB 21.11
B 6.91
Average Credit Rating BBB

FUND CHARACTERISTICS

Average Coupon % 5.40
Duration 6.13
Yield 5.82

Management team

First we'll display the Team Company and then the Team members
Adrian Prenc
Jason Goddard
Masood Samim
Brad Benson

CI Marret Alternative Absolute Return Bond Fund

Series IH USD Hedged

Not available to retail investors / for approved investors only
 
Portfolio allocations4 As at 2026-08-31
Asset allocation (%)
  • Canadian Corporate Bonds 84.87
  • Foreign Corporate Bonds 56.65
  • Foreign Government Bonds 16.50
  • Foreign Bonds - Other 0.05
  • Other 0.02
  • Derivatives -0.02
  • Canadian Government Bonds -27.06
  • Cash and Equivalents -31.01
Sector allocation (%)
  • Fixed Income 99.99
  • Cash and Cash Equivalent -31.01
Geographic allocation(%)
  • United States 57.65
  • Canada 37.79
  • France 1.73
  • United Kingdom 1.36
  • Denmark 0.49
  • Australia 0.46
  • Ireland 0.45
  • Europe 0.05
  • Other 0.02
Top holdings6
Sector (%)
1. US 2YR TREAS NTS FUT (CBT) EXP DEC 26 0.00% 31-Dec-2026 Cash and Cash Equivalent 40.29%
2. CAN 5YR BOND FUTURE (MSE) EXP DEC 26 0.00% 18-Dec-2026 Fixed Income 22.92%
3. US 5YR NOTE (CBT) EXP DEC 16 0.00% 31-Dec-2026 Fixed Income 12.45%
4. US 10yr Ultra Fut EXP DEC 16 0.00% 21-Dec-2026 Fixed Income 7.01%
5. INTERNATIONAL BUSINESS MACHINES CORP 4.10% 15-Aug-2030 Fixed Income 3.25%
6. Loblaw Cos Ltd 6.85% 01-Mar-2032 Fixed Income 3.09%
7. CAPITAL POWER CORP 4.23% 14-Jan-2033 Fixed Income 2.67%
8. DEFINITY FINANCIAL CORP 3.71% 12-Sep-2030 Fixed Income 2.67%
9. Capital Power Corp 4.83% 16-Jul-2031 Fixed Income 2.37%
10. RioCan REIT 4.67% 01-Mar-2032 Fixed Income 2.31%
11. Toronto-Dominion Bank 3.61% 10-Sep-2030 Fixed Income 2.04%
12. FINNING INTERNATIONAL INC 4.23% 12-Aug-2031 Fixed Income 2.02%
13. Canada Government 3.25% 01-Dec-2035 Fixed Income 1.89%
14. McDonald's Corp 4.86% 21-Mar-2031 Fixed Income 1.82%
15. Bruce Power LP 4.70% 21-Jun-2031 Fixed Income 1.79%
Over 35,000 financial advisors have chosen CI Global Asset Management as a partner. We believe that Canadians have the best opportunity for investments success by using the services of a professional financial advisor. Learn more at ci.com.