CI Munro Alternative Global Growth Fund
TSX TICKER : CMAGFund 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
| Inception date | January 2020 |
|
Total net assets ($CAD)
As at 2024-07-12
|
$209.7 million |
|
NAVPS
As at 2024-07-12 |
$35.2495 |
|
MER (%)
As at 2023-12-31 |
1.20 |
|
MER (%) (Excluding performance fee) As at 2023-12-31 |
1.20 |
| Management fee (%) | 0.90 |
|
Units outstanding
As at 2024-07-12 |
5,950,000 |
| 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: | ||
|---|---|---|
Performance2 As at 2024-06-30
Growth of $10,000 (Since inception date)
Calendar year performance
average annual compound returns
| YTD | 1 Mo | 3 Mo | 6 Mo | 1 Y | 3 Y | 5 Y | 10 Y | Inception* |
|---|---|---|---|---|---|---|---|---|
| 26.61% | 3.75% | 6.91% | 26.61% | 36.63% | 7.99% | - | - | 13.14% |
Management team
|
| 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
Jeremy Gibson
|
Note: This page is not complete without disclaimers on the next page.
CI Munro Alternative Global Growth Fund
TSX TICKER : CMAG- US Equity 68.88
- International Equity 26.01
- Cash and Equivalents 9.81
- Canadian Government Bonds -0.01
- Foreign Government Bonds -0.02
- Derivatives -0.94
- Foreign Corporate Bonds -3.73
- Technology 51.52
- Cash and Cash Equivalent 9.81
- Consumer Services 8.94
- Industrial Goods 8.02
- Healthcare 7.45
- Financial Services 5.33
- Telecommunications 4.25
- Consumer Goods 3.63
- Industrial Services 1.53
- Other -0.48
- United States 67.59
- Other 9.18
- Taiwan 5.45
- Netherlands 4.10
- Korea, Republic Of 3.06
- France 2.44
- Denmark 2.38
- Ireland 2.08
- Cayman Islands 1.95
- United Kingdom 1.77
|
Top holdings
|
Sector | (%) |
|---|---|---|
| 1. NVIDIA Corp | Computer Electronics | 8.66% |
| 2. Amazon.com Inc | Retail | 7.02% |
| 3. Microsoft Corp | Information Technology | 6.76% |
| 4. Taiwan Semiconductor Manufactrg Co Ltd - ADR | Computer Electronics | 5.45% |
| 5. Constellation Energy Corp | Diversified Technology | 5.42% |
| 6. ServiceNow Inc | Information Technology | 3.80% |
| 7. ASML Holding NV | Computer Electronics | 3.17% |
| 8. SK Hynix Inc | Computer Electronics | 3.06% |
| 9. Applied Materials Inc | Computer Electronics | 3.06% |
| 10. Meta Platforms Inc Cl A | Information Technology | 2.95% |
| 11. GE VERNOVA LLC | Other | 2.78% |
| 12. Novo Nordisk A/S Cl B | Drugs | 2.70% |
| 13. Visa Inc Cl A | Diversified Financial Services | 2.69% |
| 14. Mastercard Inc Cl A | Diversified Financial Services | 2.64% |
| 15. Uber Technologies Inc | Information Technology | 2.52% |
Note: This page is not complete without disclaimers on the next page.
1 The risk level of a fund has been determined in accordance with a standardized risk classification methodology in National Instrument 81-102, that is based on the fund’s historical volatility as measured by the 10-year standard deviation of the fund’s returns. Where a fund has offered securities to the public for less than 10 years, the standardized methodology requires that the standard deviation of a reference mutual fund or index that reasonably approximates the fund’s standard deviation be used to determine the fund’s risk rating. Please note that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.
2 Commissions, management fees and expenses all may be associated with an investment in exchange-traded funds (ETFs). You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Please read the prospectus before investing. Important information about an exchange-traded fund is contained in its prospectus. The indicated rates of return are the historical annual compounded total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all dividends/distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. ETFs are not guaranteed; their values change frequently, and past performance may not be repeated.
3 Portfolio allocations will fluctuate over the life of the ETF as the portfolio holdings and market value of each security changes. The portfolio manager(s) may change the portfolio allocations in some or all of the sectors.
The contents are not to be used or construed as investment advice or as an endorsement or recommendation of any entity of security discussed.
Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI has taken reasonable steps to ensure their accuracy.
The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values or returns on investment in an investment fund.
The “Growth of $10,000 invested” chart shows the final value of a hypothetical $10,000 investment in securities in this class/series of the fund as at the end of the investment period indicated and is not intended to reflect future values or returns on investment in such securities.
Management Expense Ratio (“MER”) represents the trailing 12-month management expense ratio, which reflects the cost of running the fund, inclusive of applicable taxes including HST, GST and QST (excluding commissions and other portfolio transaction costs) as a percentage of daily average net asset value the period, including the fund’s proportionate share of any underlying fund(s) expenses, if applicable. The MER is reported in each fund’s Management Report of Fund Performance (“MRFP”). MRFPs can be found within the Documents tab on ci.com.
CI Munro Alternative Global Growth ETF merged into CI Munro Alternative Global Growth Fund effective Jan 15, 2021. The performance shown includes the historical performance information since inception of the corresponding series of CI Munro Alternative Global Growth ETF. Had this historical performance information not been included, the performance of the ETF series of CI Munro Alternative Global Growth Fund could have been different. Please refer to the disclosure documents of the CI Munro Alternative Global Growth Fund for more information.
The CI Exchange-Traded Funds (ETFs) are managed by CI Global Asset Management, a subsidiary of CI Financial Corp. (TSX: CIX). CI Global Asset Management is a registered business name of CI Investments Inc.
© CI Investments Inc. 2024. All rights reserved.