CI Alternative Diversified Opportunities Fund

Series P 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 2025-03-28
$861.1 million
NAVPS
As at 2025-04-17
$9.4971
MER (%)
As at 2024-12-31
1.54
MER (%)
(Excluding performance fee)
As at 2024-12-31
1.54
Management fee (%) 0.80
Asset class Alternative Credit Focused
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0390

Risk rating1

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

FUND CODES

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

Performance2 As at 2025-03-31

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*
1.84% -0.20% 1.84% 2.24% 7.17% 4.07% - - 3.58%
*Since inception date

Distribution history3

Payable date Total
2025-03-28 0.0390
2025-02-21 0.0390
2025-01-24 0.0390
2024-12-20 0.0390
2024-11-22 0.0390
Payable date Total
2024-10-25 0.0390
2024-09-27 0.0390
2024-08-23 0.0390
2024-07-26 0.0390
2024-06-21 0.0390

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

CI Alternative Diversified Opportunities Fund

Series P CAD
 
Portfolio allocations4 As at 2025-03-31
Asset allocation (%)
  • Foreign Corporate Bonds 47.76
  • Canadian Corporate Bonds 25.77
  • Canadian Government Bonds 15.19
  • US Equity 7.62
  • Cash and Equivalents 5.92
  • Canadian Equity 3.15
  • International Equity 1.79
  • Income Trust Units 1.47
  • Commodities 0.36
  • Other -9.03
Sector allocation (%)
  • Fixed Income 79.64
  • Cash and Cash Equivalent 5.92
  • Other 3.16
  • Technology 2.58
  • Telecommunications 2.47
  • Real Estate 1.53
  • Consumer Services 1.38
  • Financial Services 1.22
  • Consumer Goods 1.13
  • Healthcare 0.97
Geographic allocation(%)
  • United States 49.33
  • Canada 48.21
  • Other 0.73
  • Cayman Islands 0.50
  • Bermuda 0.34
  • United Kingdom 0.34
  • Brazil 0.21
  • Mexico 0.13
  • Switzerland 0.13
  • Multi-National 0.08
Underlying fund allocations
Sector (%)
1. US 5YR TREAS NTS FUTURE (CBT) EXP JUN 25 0.00% 30-Jun-2025 Cash and Cash Equivalent 16.35%
2. US 10YR TREAS NTS FUTURE (CBT) EXP JUN 25 0.00% 18-Jun-2025 Cash and Cash Equivalent 14.32%
3. Canada Government 3.25% 01-Dec-2034 Fixed Income 5.26%
4. United States Treasury 1.88% 15-Jul-2034 Fixed Income 3.69%
5. CANADA 10YR BOND FUTURE (MSE) EXP JUN 25 0.00% 19-Jun-2025 Fixed Income 3.62%
6. CANADA 5YR BOND FUTURE (MSE) EXP JUN 25 0.00% 19-Jun-2025 Fixed Income 3.34%
7. SPDR S&P 500 ETF Trust (SPY) Exchange Traded Fund 3.03%
8. CAN 2YR BOND FUT 0.00% 19-Jun-2025 Fixed Income 2.61%
9. Invesco Senior Loan ETF (BKLN) Fixed Income 2.29%
10. PARKLAND CORPORATION 3.88% 16-Jun-2026 Fixed Income 1.50%
11. NOVA Chemicals Corp 5.00% 01-May-2025 Cash and Cash Equivalent 1.45%
12. Air Canada 3.88% 15-Aug-2026 Fixed Income 1.37%
13. Atkinsrealis Group Inc 7.00% 12-Jun-2026 Fixed Income 1.21%
14. Expand Energy Corp 6.75% 27-Apr-2025 Cash and Cash Equivalent 1.13%
15. CHEMTRADE LOGISTICS INC 6.38% 28-Aug-2029 Fixed Income 1.01%
Top holdings
Sector (%)
1. US 5YR TREAS NTS FUTURE (CBT) EXP JUN 25 0.00% 30-Jun-2025 Cash and Cash Equivalent 16.35%
2. US 10YR TREAS NTS FUTURE (CBT) EXP JUN 25 0.00% 18-Jun-2025 Cash and Cash Equivalent 14.32%
3. Canada Government 3.25% 01-Dec-2034 Fixed Income 5.26%
4. United States Treasury 1.88% 15-Jul-2034 Fixed Income 3.69%
5. CANADA 10YR BOND FUTURE (MSE) EXP JUN 25 0.00% 19-Jun-2025 Other 3.62%
6. CANADA 5YR BOND FUTURE (MSE) EXP JUN 25 0.00% 19-Jun-2025 Other 3.34%
7. CAN 2YR BOND FUT 0.00% 19-Jun-2025 Other 2.61%
8. PARKLAND CORPORATION 3.88% 16-Jun-2026 Fixed Income 1.50%
9. NOVA Chemicals Corp 5.00% 01-May-2025 Cash and Cash Equivalent 1.45%
10. Air Canada 3.88% 15-Aug-2026 Fixed Income 1.37%
11. Atkinsrealis Group Inc 7.00% 12-Jun-2026 Fixed Income 1.21%
12. Expand Energy Corp 6.75% 27-Apr-2025 Cash and Cash Equivalent 1.13%
13. CHEMTRADE LOGISTICS INC 6.38% 28-Aug-2029 Fixed Income 1.01%
14. NOVA Chemicals Corp 8.50% 15-Nov-2025 Cash and Cash Equivalent 1.00%
15. Cleveland-Cliffs Inc 5.88% 01-Jun-2027 Fixed Income 0.94%
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