CI Alternative Investment Grade Credit Fund

Series FH USD Hedged
 

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 November 2020
CAD Total net assets ($CAD)
As at 2025-03-28
$679.6 million
NAVPS
As at 2025-05-08
$9.1719
MER (%)
As at 2024-12-31
2.83
MER (%)
(Excluding performance fee)
As at 2024-12-31
2.20
Management fee (%) 0.80
Asset class Alternative Credit Focused
Currency USD Hedged
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0240
Average Credit Rating BBB

Risk rating1

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

FUND CODES

FH 4194
AH ISC 2194
DSC SO* 3194
LL SO 3094
IH 5194
PH 90390
*No new purchases directly into switch only funds.

Performance2 As at 2025-04-30

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*
-0.71% -1.00% -0.97% 1.13% 5.64% 5.08% - - 3.33%
*Since inception date

Distribution history3

Payable date Total
2025-04-25 0.0240
2025-03-28 0.0240
2025-02-21 0.0240
2025-01-24 0.0240
2024-12-13 0.0240
Payable date Total
2024-11-22 0.0240
2024-10-25 0.0240
2024-09-27 0.0240
2024-08-23 0.0240
2024-07-26 0.0240

FUND CHARACTERISTICS

Average Coupon % 4.67
Duration 1.16
Yield 5.37

RATING SUMMARY (%)

AA 3.63
A 10.06
BBB 77.21
BB 9.10
Average Credit Rating BBB

*Corporate and Government bonds only.

CI Alternative Investment Grade Credit Fund

Series FH USD Hedged
 
Portfolio allocations4 As at 2025-03-31
Asset allocation (%)
  • Canadian Corporate Bonds 166.87
  • Foreign Corporate Bonds 51.02
  • Cash and Equivalents 29.49
  • Income Trust Units 0.89
  • Other 0.04
  • Canadian Bonds - Other -0.01
  • Mortgages -0.01
  • Foreign Government Bonds -36.94
  • Canadian Government Bonds -111.35
Sector allocation (%)
  • Fixed Income 69.58
  • Cash and Cash Equivalent 29.49
  • Real Estate 0.89
  • Other 0.04
Geographic allocation(%)
  • Canada 92.10
  • United States 5.72
  • Netherlands 2.14
  • Other 0.05
  • France -0.01
Top holdings5
Sector (%)
1. United States Treasury 4.25% 31-Jan-2030 Fixed Income 12.46%
2. ENBRIDGE INC ZERO DISCOUNT NOTE Cash and Cash Equivalent 10.32%
3. Pacific Life Global Funding II 3.33% 01-Feb-2027 Fixed Income 8.15%
4. Bank of Nova Scotia 3.49% 04-Aug-2026 Fixed Income 6.84%
5. Nissan Canada Inc 2.10% 22-Sep-2025 Cash and Cash Equivalent 5.72%
6. Canadian Imperial Bank Commrce 3.62% 15-Jul-2026 Fixed Income 5.63%
7. Granite REIT Holdings LP 3.58% 11-Dec-2026 Fixed Income 4.44%
8. Hydro One Inc 3.26% 21-Sep-2026 Fixed Income 4.09%
9. United States Treasury 4.25% 31-Dec-2026 Fixed Income 4.06%
10. Canada Government 3.00% 01-Jun-2034 Fixed Income 4.03%
11. Ford Credit Canada Co 2.96% 16-Aug-2026 Fixed Income 3.88%
12. Air Lease Corp 5.40% 27-Apr-2025 Cash and Cash Equivalent 3.87%
13. Finning International Inc 4.45% 16-May-2028 Fixed Income 3.75%
14. VW Credit Canada Inc 4.02% 19-Feb-2027 Fixed Income 3.71%
15. Primaris REIT 4.73% 30-Mar-2027 Fixed Income 3.69%

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.