CI Alternative North American Opportunities Fund

TSX TICKER : CNAO
 

Fund overview

The fund seeks to generate high absolute returns over the long-term, balanced with a capital preservation mindset, by primarily investing in growth-oriented North American equities.

Fund details

description of elementelement value
Inception date July 2021
Total net assets ($CAD)
As at 2025-07-10
$44.9 million
NAVPS
As at 2025-07-10
$31.0133
MER (%)
As at 2024-12-31
5.46
MER (%)
(Excluding performance fee)
As at 2024-12-31
1.27
Management fee (%) 0.90
Units outstanding
As at 2025-07-10
1,450,000
Asset class Alternative Equity Focused
Currency CAD
CUSIP 12546N105

Risk rating1

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

Investor suitability

For those who:
  • are seeking capital growth through a portfolio of growth-oriented North American equities
  • are investing for the medium-to-long term
  • are seeking an investment which can utilize short-selling, leverage and derivatives where appropriate to either maximize returns or mitigate negative returns

Performance2 As at 2025-06-30

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*
-1.19% 5.02% 7.38% -1.19% 12.51% 23.78% - - 11.44%
*Since inception date

Management team

First we'll display the Team Company and then the Team members
Peter Hofstra
Brian Huen
Greg Quickmire

CI Alternative North American Opportunities Fund

TSX TICKER : CNAO
 
Portfolio allocations3 As at 2025-06-30
Asset allocation (%)
  • US Equity 82.71
  • Canadian Equity 11.14
  • International Equity 6.73
  • Derivatives 0.10
  • Other -0.02
  • Cash and Equivalents -0.66
Sector allocation (%)
  • Technology 61.62
  • Healthcare 16.21
  • Consumer Services 6.87
  • Industrial Services 4.30
  • Real Estate 4.28
  • Energy 2.44
  • Industrial Goods 2.19
  • Financial Services 2.11
  • Exchange Traded Fund 0.53
  • Other -0.55
Geographic allocation(%)
  • United States 86.05
  • Canada 6.60
  • Israel 3.31
  • Taiwan 3.31
  • Other 0.63
  • Cayman Islands 0.10
Top holdings4
Sector (%)
1. NVIDIA Corp Computer Electronics 5.57%
2. Microsoft Corp Information Technology 4.95%
3. S&P Global Inc Professional Services 4.29%
4. WSP Global Inc Construction 4.27%
5. Amazon.com Inc Retail 4.23%
6. Alphabet Inc Cl A Information Technology 4.21%
7. Thermo Fisher Scientific Inc Healthcare Equipment 4.00%
8. ServiceNow Inc Information Technology 3.62%
9. Shopify Inc Cl A Information Technology 3.59%
10. Analog Devices Inc Computer Electronics 3.52%
11. Meta Platforms Inc Cl A Information Technology 3.50%
12. Taiwan Semiconductor Manufactrg Co Ltd - ADR Computer Electronics 3.31%
13. Cyberark Software Ltd Information Technology 3.31%
14. Constellation Software Inc Information Technology 3.28%
15. KLA Corp Computer Electronics 3.26%
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