CI Alternative Investment Grade Credit Fund

Series PH 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 2026-10-30
$205.5 million
NAVPS
As at 2026-11-13
$8.9211
MER (%)
As at 2026-06-30
0.42
MER (%)
(Excluding performance fee)
As at 2026-06-30
0.42
Management fee (%) 0.80
Units outstanding
As at
-
Asset class Alternative Credit Focused
Currency USD Hedged
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0320
Average Credit Rating A-

Risk rating1

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

FUND CODES

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

Performance2 As at 2026-10-31

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*
2.48% 0.19% 0.21% 1.41% 3.10% 6.01% 3.94% - 4.03%
*Since inception date

Distribution history3

Payable date Total
2026-10-23 0.0320
2026-09-25 0.0320
2026-08-28 0.0320
2026-07-24 0.0320
2026-06-26 0.0320
Payable date Total
2026-05-22 0.0320
2026-04-24 0.0320
2026-03-27 0.0320
2026-02-20 0.0320
2026-01-23 0.0320

RATING SUMMARY (%)

AA 1.60
A 7.04
BBB 82.53
BB 8.82
Average Credit Rating A-

FUND CHARACTERISTICS

Average Coupon % 4.60
Duration 2.55
Yield 4.87

Management team

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

CI Alternative Investment Grade Credit Fund

Series PH USD Hedged
 
Portfolio allocations4 As at 2026-10-31
Asset allocation (%)
  • Canadian Corporate Bonds 161.90
  • Foreign Corporate Bonds 50.69
  • Canadian Bonds - Other 0.53
  • US Equity 0.04
  • Derivatives 0.03
  • Foreign Bonds - Other 0.02
  • Canadian Government Bonds -16.47
  • Other -96.74
Sector allocation (%)
  • Fixed Income 99.99
  • Financial Services 0.01
  • Technology 0.01
  • Other -70.80
Geographic allocation(%)
  • Canada 95.12
  • France 3.93
  • Ireland 1.30
  • Australia 1.25
  • United Kingdom 0.72
  • Multi-National 0.03
  • Other -2.35
Top holdings6
Sector (%)
1. CAN 2YR BOND FUT 0.00% 18-Dec-2026 Fixed Income 30.43%
2. US 5YR NOTE (CBT) EXP DEC 16 0.00% 31-Dec-2026 Fixed Income 16.12%
3. Canada Government 0.50% 01-Dec-2030 Fixed Income 13.19%
4. iShares iBoxx $ High Yield Corp Bond ETF (HYG) Fixed Income 9.90%
5. Canada Government 3.50% 01-Sep-2029 Fixed Income 6.98%
6. CNH Industrial Cptl Canada Ltd 3.75% 05-May-2029 Fixed Income 6.21%
7. Whitecap Resources Inc 4.97% 21-Jun-2029 Fixed Income 6.04%
8. Enbridge Inc 3.61% 25-Feb-2028 Fixed Income 5.85%
9. SMARTCENTRES REAL ESTATE INVESTMENT TRUST 3.60% 12-Jun-2029 Fixed Income 5.05%
10. Canada Government 4.00% 01-Mar-2029 Fixed Income 4.92%
11. Gildan Activewear Inc 4.03% 13-Mar-2028 Fixed Income 4.89%
12. Pacific Life Global Funding II 3.14% 01-Feb-2027 Fixed Income 4.88%
13. Rogers Communications Inc 5.00% 17-Dec-2081 Fixed Income 4.45%
14. SMARTSTOP SELF STORAGE REIT INC 3.89% 24-Sep-2030 Fixed Income 4.37%
15. MORGUARD CORP 5.00% 14-Oct-2028 Fixed Income 4.17%
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.