CI Alternative Diversified Opportunities Fund

Series A CAD
 

Fund overview

The fund’s investment objective is to achieve capital appreciation and provide unitholders with attractive risk adjusted returns over an investment cycle. The fund may use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts. The fund’s leverage must not exceed three times the fund’s net asset value. The leverage will be calculated in accordance with the methodology prescribed by securities regulations, or any exemptions therefrom.

Fund details

description of elementelement value
Inception date August 2021
CAD Total net assets ($CAD)
As at 2024-10-30
$951.7 million
NAVPS
As at 2024-12-05
$9.7129
MER (%)
As at 2024-06-30
3.13
MER (%)
(Excluding performance fee)
As at 2024-06-30
3.13
Management fee (%) 1.80
Asset class Alternative Credit Focused
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0230

Risk rating1

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

FUND CODES

A ISC 2359
DSC SO* 3459
LL SO 3359
F 4359
I 5359
P 90359
Y 47700
*No new purchases directly into switch only funds.

Performance2 As at 2024-11-30

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*
2.36% -0.48% 1.04% 5.17% 9.31% 1.36% - - 1.28%
*Since inception date

Distribution history3

Payable date Total
2024-11-22 0.0230
2024-10-25 0.0230
2024-09-27 0.0230
2024-08-23 0.0230
2024-07-26 0.0230
Payable date Total
2024-06-21 0.0230
2024-05-24 0.0230
2024-04-26 0.0230
2024-03-22 0.0230
2024-02-23 0.0230

Management team

First we'll display the Team Company and then the Team members
Marret Asset Management
Marret Asset Management focuses on fixed-income investing and alternative strategies on behalf of institutional, high net worth and retail clients. Marret Asset Management Inc. is a partly owned subsidiary of CI Financial Corp. and an affiliate of CI Global Asset Management.
Adam Tuer
Adrian Prenc
Craig Wilson

CI Alternative Diversified Opportunities Fund

Series A CAD
 
Portfolio allocations4 As at 2024-10-31
Asset allocation (%)
  • Foreign Government Bonds 27.48
  • Cash and Equivalents 26.67
  • Canadian Government Bonds 15.00
  • Canadian Corporate Bonds 13.54
  • Foreign Corporate Bonds 12.80
  • Canadian Equity 1.29
  • International Equity 0.91
  • Mortgages 0.87
  • Other 0.74
  • Commodities 0.70
Sector allocation (%)
  • Fixed Income 69.80
  • Cash and Cash Equivalent 26.67
  • Telecommunications 0.83
  • Energy 0.55
  • Other 0.54
  • Basic Materials 0.49
  • Consumer Services 0.43
  • Consumer Goods 0.27
  • Technology 0.25
  • Healthcare 0.17
Geographic allocation(%)
  • United States 50.74
  • Canada 47.28
  • Other 0.96
  • Bermuda 0.23
  • Netherlands 0.22
  • United Kingdom 0.17
  • Brazil 0.16
  • Switzerland 0.10
  • Mexico 0.07
  • Cayman Islands 0.07
Underlying fund allocations
Sector (%)
1. United States Treasury 3.88% 15-Aug-2034 Fixed Income 9.50%
2. United States Treasury 3.50% 30-Sep-2029 Fixed Income 7.06%
3. United States Treasury 4.00% 31-Jul-2029 Fixed Income 4.38%
4. United States Treasury 1.75% 15-Jan-2034 Fixed Income 3.36%
5. United States Treasury 3.50% 30-Sep-2026 Fixed Income 3.36%
6. Canada Government 3.00% 01-Jun-2034 Fixed Income 3.27%
7. Ontario Province 4.15% 02-Dec-2054 Fixed Income 2.51%
8. Southwestern Energy Co 5.70% 29-Nov-2024 Cash and Cash Equivalent 2.25%
9. United States Treasury 3.75% 31-Aug-2031 Fixed Income 2.24%
10. Canada Government 3.25% 01-Sep-2028 Fixed Income 2.21%
11. Goldman Sachs Group Inc 3.31% 31-Oct-2024 Cash and Cash Equivalent 2.08%
12. Canada Government 3.25% 01-Dec-2033 Fixed Income 1.75%
13. Ontario Province 4.15% 02-Jun-2034 Fixed Income 1.47%
14. American Airlines Group Inc 3.75% 01-Mar-2025 Cash and Cash Equivalent 1.47%
15. Ontario Province 3.60% 08-Mar-2028 Fixed Income 1.45%
Top holdings
Sector (%)
1. United States Treasury 3.88% 15-Aug-2034 Fixed Income 9.50%
2. United States Treasury 3.50% 30-Sep-2029 Fixed Income 7.06%
3. United States Treasury 4.00% 31-Jul-2029 Fixed Income 4.38%
4. United States Treasury 1.75% 15-Jan-2034 Fixed Income 3.36%
5. United States Treasury 3.50% 30-Sep-2026 Fixed Income 3.36%
6. Canada Government 3.00% 01-Jun-2034 Fixed Income 3.27%
7. Ontario Province 4.15% 02-Dec-2054 Fixed Income 2.51%
8. Southwestern Energy Co 5.70% 29-Nov-2024 Cash and Cash Equivalent 2.25%
9. United States Treasury 3.75% 31-Aug-2031 Fixed Income 2.24%
10. Canada Government 3.25% 01-Sep-2028 Fixed Income 2.21%
11. Goldman Sachs Group Inc 3.31% 31-Oct-2024 Cash and Cash Equivalent 2.08%
12. Canada Government 3.25% 01-Dec-2033 Fixed Income 1.75%
13. American Airlines Group Inc 3.75% 01-Mar-2025 Cash and Cash Equivalent 1.47%
14. Ontario Province 4.15% 02-Jun-2034 Fixed Income 1.47%
15. Ontario Province 3.60% 08-Mar-2028 Fixed Income 1.45%
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