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 2025-05-05
$142.3 million
NAVPS
As at 2025-05-05
$36.0299
MER (%)
As at 2024-12-31
4.87
MER (%)
(Excluding performance fee)
As at 2024-12-31
1.25
Management fee (%) 0.90
Units outstanding
As at 2025-05-05
3,950,000
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 2025-04-30

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*
-5.60% 1.61% -10.38% -0.10% 11.99% 13.24% 11.22% - 11.31%
*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 Global Asset Management.
Nick Griffin
Kieran Moore
James Tsinidis
Qiao Ma

CI Munro Alternative Global Growth Fund

TSX TICKER : CMAG
 
Portfolio allocations3 As at 2025-03-31
Asset allocation (%)
  • US Equity 49.98
  • Cash and Equivalents 28.56
  • International Equity 21.40
  • Other 0.04
  • Derivatives 0.02
Sector allocation (%)
  • Cash and Cash Equivalent 28.56
  • Technology 27.80
  • Industrial Goods 13.04
  • Consumer Services 10.63
  • Healthcare 6.15
  • Financial Services 6.13
  • Telecommunications 4.21
  • Consumer Goods 3.97
  • Real Estate 2.83
  • Other -3.32
Geographic allocation(%)
  • United States 70.91
  • Ireland 7.27
  • Europe 5.06
  • United Kingdom 4.17
  • Taiwan 3.53
  • Switzerland 3.43
  • France 3.39
  • Luxembourg 0.96
  • Germany 0.68
  • Other 0.60
Top holdings4
Sector (%)
1. Amazon.com Inc Retail 5.25%
2. USD - FUTURES ADJUSTMENT EXP JUN 25 0.00% 20-Jun-2025 Cash and Cash Equivalent 5.01%
3. NVIDIA Corp Computer Electronics 4.50%
4. Microsoft Corp Information Technology 4.20%
5. Mastercard Inc Cl A Diversified Financial Services 3.79%
6. CRH PLC Construction Materials 3.28%
7. Meta Platforms Inc Cl A Information Technology 3.23%
8. Taiwan Semiconductor Manufactrg Co Ltd Computer Electronics 2.95%
9. ServiceNow Inc Information Technology 2.65%
10. Eli Lilly and Co Drugs 2.60%
11. Liberty Media Corp Sr A Television Broadcasting 2.58%
12. GE Vernova Inc Electric Utilities 2.57%
13. EUR - FUTURES ADJUSTMENT EXP JUN 25 0.00% 20-Jun-2025 Cash and Cash Equivalent 2.55%
14. Boston Scientific Corp Healthcare Equipment 2.52%
15. Broadcom Inc Computer Electronics 2.50%
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