CI Marret Alternative Enhanced Yield Fund

TSX TICKER : CMEY
 

Fund overview

The Fund seeks to provide income with low volatility over a market cycle regardless of market conditions or general market direction, by primarily investing in both debt instruments across the credit spectrum and cash/cash equivalents. The Fund’s active management seeks to provide income while targeting low correlation to equity and traditional income.The fund will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts. The fund’s leverage must not exceed three times the fund’s net asset value. The leverage will be calculated in accordance with the methodology prescribed by securities laws, or any exemptions therefrom.

Fund details

description of elementelement value
Inception date May 2020
Total net assets ($CAD)
As at 2025-09-12
$8.1 million
NAVPS
As at 2025-09-12
$19.9047
MER (%)
As at 2024-12-31
1.53
MER (%)
(Excluding performance fee)
As at 2024-12-31
1.43
Management fee (%) 0.80
Units outstanding
As at 2025-09-12
410,000
Asset class Alternative Credit Focused
Currency CAD
CUSIP 12560F103
Distribution frequency Monthly
Last distribution $0.0720
Average Duration (ex-CDX) 2.99
Yield to Maturity % 5.36

Risk rating1

  • Low
  • Low to medium
  • Medium
  • Medium to high
  • High

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*
3.53% 0.80% 2.04% 2.00% 5.53% 4.89% 3.07% - 3.33%
*Since inception date

Distribution history3

Ex-Date Total
2025-08-25 0.0720
2025-07-25 0.0720
2025-06-24 0.0720
2025-05-27 0.0720
2025-04-24 0.0720
Ex-Date Total
2025-03-25 0.0720
2025-02-24 0.0720
2025-01-27 0.0720
2024-12-23 0.0720
2024-11-25 0.0720

Investor suitability

For those who:
  • want a diversified fixed income portfolio that aims to generate consistent income with low volatility over a credit cycle
  • are investing for the medium and/or long term
  • are seeking an investment which can utilize borrowing, short-selling, leverage and derivatives where appropriate to either maximize returns or mitigate negative returns
  • can tolerate low-to-medium risk

FUND CHARACTERISTICS

Average Coupon % * 6.00
Average Duration (ex-CDX) 2.99
Cash and Equivalents % 2.53
Current Yield %* 6.02
Years to Maturity 7.96
Yield to Maturity % 5.36

*Corporate and Government bonds only.

RATING SUMMARY (%)*

AAA 8.46
AA -0.05
A -1.22
BBB 25.69
BB 35.83
B 27.50
CCC 1.68
D 0.00
NR 1.66

*Corporate and Government bonds only.

CI Marret Alternative Enhanced Yield Fund

TSX TICKER : CMEY
 
Portfolio allocations4 As at 2025-08-31
Asset allocation (%)
  • Foreign Corporate Bonds 39.62
  • Cash and Equivalents 32.06
  • Canadian Corporate Bonds 28.10
  • Canadian Government Bonds 11.71
  • Canadian Equity 0.65
  • Canadian Bonds - Other 0.30
  • Other -0.06
  • Foreign Government Bonds -12.38
Sector allocation (%)
  • Fixed Income 67.35
  • Cash and Cash Equivalent 32.06
  • Consumer Goods 0.65
  • Other -0.06
Geographic allocation(%)
  • Canada 50.66
  • United States 49.28
  • Cayman Islands 0.04
  • Ireland 0.04
  • Australia 0.04
  • Other -0.06
Top holdings5
Sector (%)
1. US 2YR TREAS NTS FUT (CBT) EXP DEC 25 0.00% 31-Dec-2025 Cash and Cash Equivalent 28.29%
2. CAN 5YR BOND FUT EXP DEC 25 0.00% 18-Dec-2025 Cash and Cash Equivalent 11.62%
3. USD - FUTURES ADJUSTMENT EXP DEC 15 0.00% 31-Dec-2025 Cash and Cash Equivalent 11.36%
4. Bell Canada 3.55% 02-Dec-2025 Cash and Cash Equivalent 4.07%
5. USD - FUTURES ADJUSTMENT EXP DEC 15 0.00% 19-Dec-2025 Cash and Cash Equivalent 3.37%
6. Canada Government 3.25% 01-Jun-2035 Fixed Income 3.08%
7. Royal Bank of Canada 4.50% 24-Oct-2025 Cash and Cash Equivalent 2.07%
8. Canada Government 2.75% 01-Dec-2055 Fixed Income 2.01%
9. NOVA Chemicals Corp 8.50% 15-Nov-2025 Cash and Cash Equivalent 1.98%
10. Kruger Packaging Holdings LP 6.00% 01-Jun-2026 Fixed Income 1.96%
11. Canada Government 3.00% 01-Jun-2034 Fixed Income 1.83%
12. Atkinsrealis Group Inc 7.00% 12-Jun-2026 Fixed Income 1.79%
13. Parkland Corp 3.88% 16-Jun-2026 Fixed Income 1.79%
14. UNITED STATES TREASURY NOTE/BOND 4.25% 15-Aug-2035 Fixed Income 1.75%
15. Telus Corp 3.75% 10-Dec-2025 Cash and Cash Equivalent 1.54%

Management team

First we'll display the Team Company and then the Team members
Marret Asset Management
Marret Asset Management focuses on fixed-income investing and alternative strategies on behalf of institutional, high net worth and retail clients. Marret Asset Management Inc. is a partly owned subsidiary of CI Financial Corp. and an affiliate of CI Global Asset Management.
Adam Tuer
Adrian Prenc
Over 35,000 financial advisors have chosen CI Global Asset Management as a partner. We believe that Canadians have the best opportunity for investments success by using the services of a professional financial advisor. Learn more at ci.com.