CI Alternative Investment Grade Credit Fund

Series IH 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 2024-08-30
$688.4 million
NAVPS
As at 2024-09-17
$9.1080
MER (%)
As at 2023-12-31
0.64
MER (%)
(Excluding performance fee)
As at 2023-12-31
0.64
Management fee (%) Negotiable
Asset class Alternative Credit Focused
Currency USD Hedged
Minimum investment Negotiable
Distribution frequency Monthly
Last distribution $0.0330

Risk rating1

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

FUND CODES

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

Performance2 As at 2024-08-31

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*
6.95% 0.85% 2.57% 4.33% 10.59% 3.96% - - 4.34%
*Since inception date

Distribution history3

Payable date Total
2024-08-23 0.0330
2024-07-26 0.0330
2024-06-21 0.0330
2024-05-24 0.0330
2024-04-26 0.0330
Payable date Total
2024-03-22 0.0330
2024-02-23 0.0330
2024-01-26 0.0330
2023-12-15 0.1101
2023-11-24 0.0330

CI Alternative Investment Grade Credit Fund

Series IH USD Hedged
 
Portfolio allocations4 As at 2024-08-31
Asset allocation (%)
  • Canadian Corporate Bonds 165.28
  • Cash and Equivalents 49.03
  • Foreign Corporate Bonds 48.68
  • Other 0.60
  • Mortgages -0.01
  • Canadian Bonds - Other -0.02
  • Foreign Bonds - Other -0.18
  • Foreign Government Bonds -32.62
  • Canadian Government Bonds -130.76
Sector allocation (%)
  • Fixed Income 50.37
  • Cash and Cash Equivalent 49.03
  • Exchange Traded Fund 0.52
  • Other 0.08
Geographic allocation(%)
  • Canada 100.93
  • Other 0.08
  • United States -1.01
Top holdings
Sector (%)
1. United States Treasury 4.38% 15-May-2034 Fixed Income 9.97%
2. Nissan Canada Inc 2.10% 22-Sep-2025 Fixed Income 6.38%
3. Wells Fargo & Co 5.08% 26-Apr-2027 Fixed Income 5.21%
4. VANCOUVER CITY SVGS CR UN DISCOUNT NOTE Cash and Cash Equivalent 4.90%
5. Rogers Communications Inc 5.70% 21-Sep-2028 Fixed Income 4.60%
6. Air Lease Corp 5.40% 27-Sep-2024 Cash and Cash Equivalent 4.49%
7. Ford Credit Canada Co 2.96% 16-Aug-2026 Fixed Income 4.47%
8. Atkinsrealis Group Inc 7.00% 12-Jun-2026 Fixed Income 4.38%
9. Suncor Energy Inc 5.40% 17-Nov-2026 Fixed Income 4.34%
10. Goldman Sachs Group Inc 2.60% 30-Nov-2026 Fixed Income 4.31%
11. WSP Global Inc 5.55% 22-Nov-2030 Fixed Income 4.30%
12. Bell Canada 2.90% 10-Jun-2029 Fixed Income 4.11%
13. General Motors Fncl Canada Ltd 5.10% 14-Jul-2028 Fixed Income 4.03%
14. Alimentation Couche Tard Inc 4.60% 25-Jan-2029 Fixed Income 4.00%
15. John Deere Financial Inc 4.63% 04-Apr-2029 Fixed Income 3.73%

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.