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 2025-06-27
$134.1 million
NAVPS
As at 2025-06-27
$40.0380
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 2025-06-27
3,350,000
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 2025-06-30

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*
1.56% 7.58% 0.80% 0.87% 13.53% 16.94% 12.07% - 12.65%
*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 2025-05-31
Asset allocation (%)
  • US Equity 67.13
  • International Equity 21.94
  • Cash and Equivalents 12.39
  • Other 0.01
  • Derivatives -1.47
Sector allocation (%)
  • Technology 33.74
  • Industrial Goods 13.65
  • Cash and Cash Equivalent 12.39
  • Consumer Services 9.58
  • Financial Services 8.73
  • Healthcare 6.85
  • Consumer Goods 4.49
  • Telecommunications 4.43
  • Energy 4.06
  • Other 2.08
Geographic allocation(%)
  • United States 73.55
  • United Kingdom 4.56
  • Switzerland 3.72
  • Germany 3.69
  • China 3.46
  • Taiwan 3.44
  • Ireland 3.28
  • Europe 2.83
  • Luxembourg 1.53
  • Other -0.06
Top holdings5
Sector (%)
1. NVIDIA Corp Computer Electronics 7.49%
2. Microsoft Corp Information Technology 5.44%
3. Meta Platforms Inc Cl A Information Technology 4.16%
4. Amazon.com Inc Retail 4.04%
5. Taiwan Semiconductor Manufactrg Co Ltd Computer Electronics 3.44%
6. GE Vernova Inc Electric Utilities 3.03%
7. Mastercard Inc Cl A Diversified Financial Services 3.00%
8. BAE Systems PLC Aerospace and Defence 2.79%
9. Siemens Energy AG Diversified Energy 2.67%
10. Curtiss-Wright Corp Aerospace and Defence 2.64%
11. Oracle Corp Information Technology 2.55%
12. Netflix Inc Media 2.53%
13. Liberty Media Corp Television Broadcasting 2.49%
14. Boston Scientific Corp Healthcare Equipment 2.49%
15. Alphabet Inc Cl A Information Technology 2.49%
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