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 2025-09-12
$147.0 million
NAVPS
As at 2025-09-12
$42.0090
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 2025-09-12
3,500,000
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 2025-08-31
Asset allocation (%)
  • US Equity 74.03
  • International Equity 22.53
  • Cash and Equivalents 4.11
  • Other 0.01
  • Derivatives -0.06
  • Canadian Equity -0.62
Sector allocation (%)
  • Technology 35.28
  • Industrial Goods 18.14
  • Consumer Services 10.61
  • Healthcare 6.92
  • Financial Services 6.66
  • Telecommunications 6.36
  • Consumer Goods 5.90
  • Energy 4.31
  • Cash and Cash Equivalent 4.11
  • Other 1.71
Geographic allocation(%)
  • United States 71.09
  • Ireland 4.91
  • Switzerland 4.90
  • Germany 3.88
  • Taiwan 3.74
  • China 2.95
  • United Kingdom 2.50
  • Other 2.25
  • Luxembourg 1.98
  • Netherlands 1.80
Top holdings5
Sector (%)
1. NVIDIA Corp Computer Electronics 7.97%
2. Microsoft Corp Information Technology 5.87%
3. Amazon.com Inc Retail 4.97%
4. Meta Platforms Inc Cl A Information Technology 4.01%
5. Taiwan Semiconductor Manufactrg Co Ltd Computer Electronics 3.74%
6. Liberty Media Corp Sr A Television Broadcasting 3.68%
7. Uber Technologies Inc Information Technology 3.42%
8. Boston Scientific Corp Healthcare Equipment 3.08%
9. Mastercard Inc Cl A Diversified Financial Services 3.06%
10. CRH PLC Construction Materials 2.95%
11. Contemporary Amperex Technology Co Ltd - Comn Cl A Manufacturing 2.95%
12. GALDERMA GROUP AG Consumer Non-durables 2.90%
13. Constellation Energy Corp Diversified Technology 2.89%
14. Alphabet Inc Cl A Information Technology 2.82%
15. Motorola Solutions Inc Diversified Telecommunications 2.68%
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