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 2024-06-12
$4.0 million
NAVPS
As at 2024-06-12
$19.5055
MER (%)
As at 2023-12-31
1.26
MER (%)
(Excluding performance fee)
As at 2023-12-31
1.17
Management fee (%) 0.80
Units outstanding
As at 2024-06-12
210,000
Asset class Alternative Credit Focused
Currency CAD
CUSIP 12560F103
Distribution frequency Monthly
Last distribution $0.0720

Risk rating1

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

Performance2 As at 2024-05-31

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*
1.28% 0.87% 1.04% 3.35% 4.09% 1.45% - - 2.43%
*Since inception date

Distribution history3

Payable date Total
2024-05-23 0.0720
2024-04-23 0.0720
2024-03-21 0.0720
2024-02-22 0.0720
2024-01-24 0.0720
Payable date Total
2023-12-20 0.0720
2023-11-23 0.0720
2023-10-24 0.0720
2023-09-22 0.0720
2023-08-24 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

CI Marret Alternative Enhanced Yield Fund

TSX TICKER : CMEY
 
Portfolio allocations4 As at 2024-05-31
Asset allocation (%)
  • Foreign Corporate Bonds 34.33
  • Canadian Government Bonds 20.00
  • Foreign Government Bonds 16.44
  • Cash and Equivalents 14.78
  • Canadian Corporate Bonds 14.16
  • Canadian Equity 0.33
  • Other 0.02
  • Foreign Bonds - Other -0.06
Sector allocation (%)
  • Fixed Income 84.87
  • Cash and Cash Equivalent 14.78
  • Consumer Goods 0.33
  • Other 0.02
Geographic allocation(%)
  • United States 72.09
  • Canada 27.89
  • Bermuda 0.10
  • Other 0.02
  • Multi-National -0.10
Top holdings
Sector (%)
1. Canada Government 3.00% 01-Jun-2034 Fixed Income 6.51%
2. Canada Government 3.25% 01-Dec-2033 Fixed Income 5.22%
3. United States Treasury 4.00% 31-Jan-2029 Fixed Income 4.11%
4. United States Treasury 3.75% 31-Dec-2028 Fixed Income 3.00%
5. Southwestern Energy Co 5.70% 23-Jan-2025 Cash and Cash Equivalent 2.88%
6. United States Treasury 4.50% 31-Mar-2026 Fixed Income 2.84%
7. Walgreens Boots Alliance Inc 3.80% 18-Aug-2024 Cash and Cash Equivalent 2.68%
8. United States Treasury 4.00% 15-Feb-2034 Fixed Income 2.64%
9. Ontario Province 4.15% 02-Dec-2054 Fixed Income 2.47%
10. Meritage Homes Corp 6.00% 01-Mar-2025 Fixed Income 2.46%
11. Crownrock LP 5.63% 15-Oct-2025 Fixed Income 2.30%
12. Kruger Packaging Holdings LP 6.00% 01-Jun-2026 Fixed Income 2.26%
13. Ontario Province 4.15% 02-Jun-2034 Fixed Income 2.23%
14. SNC-Lavalin Group Inc 3.80% 19-Aug-2024 Cash and Cash Equivalent 2.18%
15. VICI Properties LP 3.50% 14-Apr-2024 Cash and Cash Equivalent 2.06%

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.