CI Munro Alternative Global Growth Fund

TSX TICKER : CMAG
 

Fund overview

The fund seeks to generate risk-adjusted, absolute returns through exposure to global growth equities over the medium to long term, while maintaining a capital preservation mindset.

Fund details

description of elementelement value
Inception date January 2020
Total net assets ($CAD)
As at 2024-03-27
$205.4 million
NAVPS
As at 2024-03-27
$32.4852
MER (%)
As at 2023-06-30
1.20
MER (%)
(Excluding performance fee)
As at 2023-06-30
1.17
Management fee (%) 0.90
Units outstanding
As at 2024-03-27
6,325,000
Asset class Alternative Equity Focused
Currency CAD
CUSIP 125531103

Risk rating1

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

Investor suitability

For those who:
  • are seeking capital growth through a portfolio of global growth equities
  • are investing for the medium-to-long term
  • can tolerate potential fluctuations in your investment as assets with the highest long-term returns may also carry the highest level of short-term risk
  • are seeking an investment which can utilize short-selling, leverage and derivatives where appropriate to either maximize returns or mitigate negative returns
  • can tolerate medium risk

Performance2 As at 2024-02-29

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*
16.06% 10.30% 18.97% 22.92% 38.09% 5.15% - - 11.89%
*Since inception date

Management team

First we'll display the Team Company and then the Team members
Munro Partners
Munro Partners is a global absolute return manager focused on identifying growth equities primed to benefit from structural and thematic changes in our world today. Munro Partners is a sub-advisor to CI Investments Inc.
Nick Griffin
Kieran Moore
James Tsinidis
Jeremy Gibson

CI Munro Alternative Global Growth Fund

TSX TICKER : CMAG
 
Portfolio allocations3 As at 2024-02-29
Asset allocation (%)
  • US Equity 80.60
  • International Equity 26.06
  • Canadian Equity 0.50
  • Derivatives 0.01
  • Other -0.03
  • Foreign Government Bonds -0.98
  • Foreign Corporate Bonds -1.30
  • Cash and Equivalents -4.86
Sector allocation (%)
  • Technology 65.93
  • Consumer Services 8.65
  • Consumer Goods 6.94
  • Financial Services 6.91
  • Healthcare 6.39
  • Telecommunications 4.44
  • Industrial Goods 3.15
  • Industrial Services 2.61
  • Real Estate 1.64
  • Other -6.66
Geographic allocation(%)
  • United States 73.62
  • Netherlands 5.75
  • Taiwan 4.87
  • Ireland 3.76
  • Korea, Republic Of 3.18
  • United Kingdom 2.61
  • Denmark 2.09
  • Germany 1.92
  • Cayman Islands 1.54
  • Other 0.66
Top holdings
Sector (%)
1. NVIDIA Corp Computer Electronics 9.52%
2. Microsoft Corp Information Technology 7.67%
3. Amazon.com Inc Retail 7.46%
4. Meta Platforms Inc Cl A Information Technology 4.95%
5. Taiwan Semiconductor Manufactrg Co Ltd - ADR Computer Electronics 4.87%
6. ServiceNow Inc Information Technology 4.25%
7. Visa Inc Cl A Diversified Financial Services 3.84%
8. Liberty Media Corp Sr A Television Broadcasting 3.22%
9. SK Hynix Inc Computer Electronics 3.18%
10. Mastercard Inc Cl A Diversified Financial Services 3.07%
11. Adobe Inc Information Technology 2.99%
12. Constellation Energy Corp Diversified Technology 2.88%
13. Applied Materials Inc Computer Electronics 2.75%
14. Intuit Inc Information Technology 2.72%
15. Wise PLC Cl A Professional Services 2.61%
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.