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 2025-08-29
$143.9 million
NAVPS
As at 2025-08-29
$40.8310
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 2025-08-29
3,525,000
Asset class Alternative Equity Focused
Currency CAD
CUSIP 125531103
Distribution frequency Quarterly
Last distribution $0.0875

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 2025-08-31

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*
9.79% -1.34% 8.10% 8.96% 20.90% 19.92% 10.47% - 13.62%
*Since inception date

Distribution history3

Ex-Date Total
2025-06-24 0.0875

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 allocations4 As at 2025-07-31
Asset allocation (%)
  • US Equity 73.26
  • International Equity 23.80
  • Cash and Equivalents 3.38
  • Other -0.03
  • Derivatives -0.41
Sector allocation (%)
  • Technology 38.57
  • Industrial Goods 18.12
  • Consumer Services 9.24
  • Healthcare 6.87
  • Financial Services 6.74
  • Consumer Goods 5.76
  • Telecommunications 5.01
  • Energy 4.29
  • Cash and Cash Equivalent 3.38
  • Other 2.02
Geographic allocation(%)
  • United States 73.27
  • Ireland 4.95
  • Germany 4.11
  • Switzerland 4.05
  • United Kingdom 4.00
  • Taiwan 3.93
  • China 2.82
  • Netherlands 1.19
  • Hong Kong 0.98
  • Other 0.70
Top holdings5
Sector (%)
1. NVIDIA Corp Computer Electronics 9.09%
2. Microsoft Corp Information Technology 6.03%
3. Amazon.com Inc Retail 5.12%
4. Taiwan Semiconductor Manufactrg Co Ltd Computer Electronics 3.93%
5. Meta Platforms Inc Cl A Information Technology 3.82%
6. Oracle Corp Information Technology 3.21%
7. Constellation Energy Corp Diversified Technology 2.94%
8. Mastercard Inc Cl A Diversified Financial Services 2.93%
9. Vertiv Holdings Co Cl A Manufacturing 2.84%
10. Contemporary Amperex Technology Co Ltd - Comn Cl A Manufacturing 2.82%
11. Liberty Media Corp Television Broadcasting 2.76%
12. Boston Scientific Corp Healthcare Equipment 2.70%
13. GALDERMA GROUP AG Consumer Non-durables 2.61%
14. Alphabet Inc Cl A Information Technology 2.56%
15. Eli Lilly and Co Drugs 2.56%
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