CI Marret Alternative Enhanced Yield Fund

Series A CAD
 

Fund overview

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/cash equivalents. The Fund’s active management 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 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 laws, or any exemptions therefrom.

Fund details

description of elementelement value
Inception date May 2020
CAD Total net assets ($CAD)
As at 2025-02-27
$70.8 million
NAVPS
As at 2025-03-13
$9.6880
MER (%)
As at 2024-06-30
2.01
MER (%)
(Excluding performance fee)
As at 2024-06-30
2.01
Management fee (%) 1.30
Asset class Alternative Credit Focused
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0310
Average Duration (ex-CDX) 3.07
Yield to Maturity % 6.64

Risk rating1

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

FUND CODES

A ISC 2195
DSC SO* 3195
LL SO 3095
F 4195
I 5195
P 90195
*No new purchases directly into switch only funds.

Performance2 As at 2025-02-28

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*
1.42% 0.74% 1.41% 3.20% 6.33% 2.77% - - 2.68%
*Since inception date

Distribution history3

Payable date Total
2025-02-21 0.0310
2025-01-24 0.0310
2024-12-20 0.0310
2024-11-22 0.0310
2024-10-25 0.0310
Payable date Total
2024-09-27 0.0310
2024-08-23 0.0310
2024-07-26 0.0310
2024-06-21 0.0310
2024-05-24 0.0310

Investor suitability

For those who:
  • want a diversified fixed income portfolio that aims to generate consistent income with low volatility over a credit cycle
  • are investing for the medium and/or long term
  • are seeking an investment which can utilize borrowing, short-selling, leverage and derivatives where appropriate to either maximize returns or mitigate negative returns
  • can tolerate low-to-medium risk

FUND CHARACTERISTICS

Average Coupon % * 6.49
Average Duration (ex-CDX) 3.07
Cash and Equivalents % 4.20
Current Yield %* 6.45
Years to Maturity 5.93
Yield to Maturity % 6.64

*Corporate and Government bonds only.

RATING SUMMARY (%)*

AAA 0.59
AA -0.08
A 1.85
BBB 9.30
BB 43.51
B 33.02
D 0.00
NR 6.01

*Corporate and Government bonds only.

CI Marret Alternative Enhanced Yield Fund

Series A CAD
 
Portfolio allocations4 As at 2025-02-28
Asset allocation (%)
  • Foreign Corporate Bonds 50.91
  • Canadian Corporate Bonds 21.89
  • Canadian Government Bonds 17.89
  • Cash and Equivalents 11.34
  • Canadian Equity 0.65
  • Other -0.01
  • Foreign Bonds - Other -0.06
  • Foreign Government Bonds -2.61
Sector allocation (%)
  • Fixed Income 88.01
  • Cash and Cash Equivalent 11.34
  • Consumer Goods 0.65
Geographic allocation(%)
  • United States 66.97
  • Canada 32.99
  • Australia 0.04
Top holdings
Sector (%)
1. US 5YR TREAS NTS FUTURE (CBT) EXP JUN 25 0.00% 30-Jun-2025 Cash and Cash Equivalent 22.31%
2. CAN 2YR BOND FUT 0.00% 19-Jun-2025 Fixed Income 8.51%
3. i0-5 Year High Yield Corp Bond ETF (SHYG) Fixed Income 5.21%
4. Invesco Senior Loan ETF (BKLN) Fixed Income 4.21%
5. CANADA 5YR BOND FUTURE (MSE) EXP JUN 25 0.00% 19-Jun-2025 Fixed Income 3.22%
6. Expand Energy Corp 6.75% 01-Feb-2025 Cash and Cash Equivalent 2.75%
7. New Gold Inc 7.50% 15-Jul-2027 Fixed Income 2.55%
8. Canada Government 3.25% 01-Dec-2034 Fixed Income 2.23%
9. NOVA Chemicals Corp 5.00% 01-May-2025 Cash and Cash Equivalent 2.08%
10. NOVA Chemicals Corp 8.50% 15-Nov-2025 Fixed Income 1.95%
11. Kruger Packaging Holdings LP 6.00% 01-Jun-2026 Fixed Income 1.88%
12. Six Flags Theme Parks Inc 7.00% 01-Jul-2025 Cash and Cash Equivalent 1.75%
13. Vermilion Energy Inc 5.63% 15-Mar-2025 Cash and Cash Equivalent 1.71%
14. Air Canada 3.88% 15-Aug-2026 Fixed Income 1.59%
15. Rockies Express Pipeline LLC 3.60% 15-May-2025 Cash and Cash Equivalent 1.37%

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 Global Asset Management.
Adam Tuer
Adrian Prenc
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.