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
Total net assets ($CAD)
As at 2023-04-28
$850.3 million
NAVPS
As at 2023-05-26
$9.4807
MER (%)
As at 2022-12-31
0.21
MER (%)
(Excluding performance fee)
As at 2022-12-31
0.21
Management fee (%) Negotiable
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 2023-04-30

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*
3.90% 0.49% 2.04% 6.34% 4.91% - - - 2.20%
*Since inception date

Distribution history3

Payable date Total
2023-05-26 0.0390
2023-04-21 0.0390
2023-03-24 0.0390
2023-02-24 0.0390
2023-01-27 0.0390
Payable date Total
2022-12-16 0.0330
2022-11-25 0.0330
2022-10-28 0.0330
2022-09-23 0.0330
2022-08-26 0.0330

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 Investments Inc.
Paul Sandhu
Adam Tuer
Adrian Prenc

CI Alternative Diversified Opportunities Fund

Series P CAD
 
Portfolio allocations4 As at 2023-04-30
Asset allocation (%)
  • Foreign Government Bonds 71.68
  • Canadian Government Bonds 14.31
  • Foreign Corporate Bonds 10.03
  • Canadian Corporate Bonds 5.80
  • Cash and Equivalents 0.70
  • Income Trust Units 0.09
  • Foreign Bonds - Other -0.01
  • International Equity -0.09
  • Canadian Equity -0.23
  • Other -2.28
Sector allocation (%)
  • Fixed Income 99.99
  • Cash and Cash Equivalent 0.70
  • Exchange Traded Fund 0.25
  • Energy 0.24
  • Mutual Fund 0.17
  • Basic Materials 0.12
  • Telecommunications 0.11
  • Consumer Services 0.10
  • Utilities -0.05
  • Other -3.20
Geographic allocation(%)
  • United States 63.70
  • Canada 30.13
  • Multi-National 6.20
  • Brazil 0.08
  • Europe 0.06
  • Bermuda 0.05
  • Luxembourg 0.05
  • Australia 0.03
  • Netherlands 0.02
  • Other -0.32
Top holdings
Sector (%)
1. United States Treasury 3.50% 15-Feb-2033 Fixed Income 12.12%
2. United States Treasury 4.13% 15-Nov-2032 Fixed Income 6.64%
3. United States Treasury 4.25% 31-Dec-2024 Fixed Income 6.20%
4. Canada Government 2.50% 01-Dec-2032 Fixed Income 5.13%
5. United States Treasury 4.38% 31-Oct-2024 Fixed Income 5.12%
6. United States Treasury 3.88% 31-Dec-2027 Fixed Income 5.08%
7. United States Treasury 3.63% 15-Feb-2053 Fixed Income 4.75%
8. United States Treasury 3.50% 31-Jan-2028 Fixed Income 4.55%
9. United States Treasury 0.63% 15-Jul-2032 Fixed Income 3.32%
10. UNITED STATES TREASURY NOTE/BOND 3.62% 31-Mar-2028 Fixed Income 3.16%
11. United States Treasury 4.13% 31-Oct-2027 Fixed Income 2.96%
12. United States Treasury 2.38% 31-Mar-2029 Fixed Income 2.67%
13. Canada Government 3.50% 01-Mar-2028 Fixed Income 2.63%
14. Canada Government 2.75% 01-Aug-2024 Fixed Income 2.61%
15. United States Treasury 3.13% 31-Aug-2029 Fixed Income 1.91%
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