CI Alternative Investment Grade Credit Fund

Series P CAD
 

Fund overview

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.

Fund details

description of elementelement value
Inception date May 2020
CAD Total net assets ($CAD)
As at 2024-06-28
$681.7 million
NAVPS
As at 2024-07-23
$9.7524
MER (%)
As at 2023-12-31
0.83
MER (%)
(Excluding performance fee)
As at 2023-12-31
0.83
Management fee (%) Negotiable
Asset class Alternative Credit Focused
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0310
Average Credit Rating BBB+

Risk rating1

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

FUND CODES

P 90190
A ISC 2190
DSC SO* 3190
LL SO 3090
F 4190
I 5190
*No new purchases directly into switch only funds.

Performance2 As at 2024-06-30

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*
4.41% 0.36% 1.30% 4.41% 8.79% 2.95% - - 5.58%
*Since inception date

Distribution history3

Payable date Total
2024-06-21 0.0310
2024-05-24 0.0310
2024-04-26 0.0310
2024-03-22 0.0310
2024-02-23 0.0310
Payable date Total
2024-01-26 0.0310
2023-12-15 0.1178
2023-11-24 0.0310
2023-10-27 0.0310
2023-09-22 0.0310

FUND CHARACTERISTICS

Average Coupon % 4.72
Duration 2.68
Yield 5.79

RATING SUMMARY (%)

AAA 0.00
AA 4.98
A 23.97
BBB 68.28
BB 2.77
B 0.00
Average Credit Rating BBB+

*Corporate and Government bonds only.

CI Alternative Investment Grade Credit Fund

Series P CAD
 
Portfolio allocations4 As at 2024-06-30
Asset allocation (%)
  • Canadian Corporate Bonds 156.53
  • Cash and Equivalents 71.55
  • Foreign Corporate Bonds 33.92
  • Other 0.09
  • Foreign Bonds - Other -0.11
  • Foreign Government Bonds -19.22
  • Canadian Government Bonds -142.76
Sector allocation (%)
  • Cash and Cash Equivalent 71.55
  • Fixed Income 28.36
  • Exchange Traded Fund 0.20
  • Other -0.11
Geographic allocation(%)
  • Canada 99.87
  • Multi-National 0.40
  • Bermuda 0.39
  • Other -0.11
  • United States -0.55
Top holdings
Sector (%)
1. United States Treasury 4.38% 15-May-2034 Fixed Income 9.95%
2. Canada Government 3.25% 01-Dec-2033 Fixed Income 6.87%
3. ENBRIDGE INC ZEROÂ DISCOUNT NOTE Cash and Cash Equivalent 5.81%
4. Citigroup Inc 5.07% 29-Apr-2027 Fixed Income 5.67%
5. Canada Government 3.00% 01-Jun-2034 Fixed Income 5.60%
6. Wells Fargo & Co 5.08% 26-Apr-2027 Fixed Income 5.16%
7. McDonald's Corp 4.86% 21-Mar-2031 Fixed Income 4.43%
8. Nissan Canada Inc 2.10% 22-Sep-2025 Fixed Income 4.35%
9. Suncor Energy Inc 5.40% 17-Nov-2026 Fixed Income 4.30%
10. United States Treasury 4.63% 30-Apr-2029 Fixed Income 4.27%
11. Goldman Sachs Group Inc 2.60% 30-Nov-2026 Fixed Income 4.25%
12. WSP Global Inc 5.55% 22-Nov-2030 Fixed Income 4.22%
13. Rogers Communications Inc 5.70% 21-Sep-2028 Fixed Income 3.78%
14. Air Lease Corp 5.40% 26-Jul-2024 Cash and Cash Equivalent 3.69%
15. Cenovus Energy Inc 3.50% 07-Feb-2028 Fixed Income 3.65%

Management team

First we'll display the Team Company and then the Team members
Jason Goddard
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.