CI Alternative Diversified Opportunities Fund

TSX TICKER : CMDO
 

Fund overview

The fund’s investment objective is to achieve capital appreciation and provide unitholders with attractive risk adjusted returns over an investment cycle. The fund may 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 regulations, or any exemptions therefrom.

Fund details

description of elementelement value
Inception date August 2021
Total net assets ($CAD)
As at 2026-04-22
$124.6 million
NAVPS
As at 2026-04-22
$20.2306
MER (%)
As at 2025-12-31
1.32
MER (%)
(Excluding performance fee)
As at 2025-12-31
1.09
Management fee (%) 0.80
Units outstanding
As at 2026-04-22
6,160,000
Asset class Alternative Credit Focused
Currency CAD
CUSIP 12546P100
Distribution frequency Monthly
Last distribution $0.0640

Risk rating1

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

Investor suitability

For those who:
  • are seeking capital appreciation and attractive risk adjusted returns over an investment 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

Performance2 As at 2026-03-31

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*
0.58% -0.81% 0.58% 1.21% 6.14% 4.64% - - 3.44%
*Since inception date

Distribution history3

Ex-Date Total
2026-03-25 0.0640
2026-02-23 0.0640
2026-01-26 0.0640
2025-12-23 0.0640
2025-11-24 0.0640
Ex-Date Total
2025-10-27 0.0640
2025-09-23 0.0640
2025-08-25 0.0640
2025-07-25 0.0640
2025-06-24 0.0640

Management team

First we'll display the Team Company and then the Team members
Marret (Now part of CI GAM)
The Marret team (now part of CI Global Asset Management) focuses on fixed-income investing and alternative strategies on behalf of institutional, high net worth and retail clients.
Adrian Prenc
Jason Goddard
Masood Samim

CI Alternative Diversified Opportunities Fund

TSX TICKER : CMDO
 
Portfolio allocations4 As at 2026-03-31
Asset allocation (%)
  • Foreign Corporate Bonds 47.78
  • Canadian Corporate Bonds 37.87
  • Cash and Equivalents 11.40
  • US Equity 5.15
  • Canadian Equity 0.79
  • International Equity 0.66
  • Income Trust Units 0.57
  • Commodities 0.26
  • Foreign Bonds - Other 0.01
  • Other -4.49
Sector allocation (%)
  • Fixed Income 80.94
  • Cash and Cash Equivalent 11.40
  • Technology 2.02
  • Other 1.53
  • Consumer Services 1.23
  • Financial Services 1.10
  • Real Estate 0.50
  • Telecommunications 0.48
  • Healthcare 0.43
  • Consumer Goods 0.37
Geographic allocation(%)
  • United States 53.17
  • Canada 45.80
  • Denmark 0.51
  • India 0.24
  • Cayman Islands 0.14
  • Luxembourg 0.10
  • Brazil 0.06
  • Ireland 0.06
  • Europe 0.04
  • Other -0.12
Underlying fund allocations
Sector (%)
1. US 2YR NOTE (CBT) EXP JUN 16 0.00% 30-Jun-2026 Cash and Cash Equivalent 20.62%
2. CAN 5YR BOND FUT EXP JUN 26 0.00% 19-Jun-2026 Cash and Cash Equivalent 5.80%
3. SPDR S&P 500 ETF Trust (SPY) Exchange Traded Fund 2.56%
4. ROYAL BANK OF CANADA 3.83% 27-Mar-2030 Fixed Income 2.21%
5. SUNOCO LP 3.88% 16-Jun-2026 Cash and Cash Equivalent 2.17%
6. USD - FUTURES ADJUSTMENT 0.00% 18-Jun-2026 Cash and Cash Equivalent 1.61%
7. Carnival Corp 4.00% 01-May-2028 Fixed Income 1.55%
8. Canada Government 3.25% 01-Dec-2035 Fixed Income 1.45%
9. NOVA Chemicals Corp 8.50% 15-Nov-2025 Cash and Cash Equivalent 1.40%
10. Viking Ocean Cruises Ltd 5.00% 15-Feb-2028 Fixed Income 1.37%
11. Atkinsrealis Group Inc 7.00% 12-Jun-2026 Cash and Cash Equivalent 1.36%
12. IAMGOLD Corp 5.75% 15-Oct-2028 Fixed Income 1.31%
13. Air Canada 3.88% 15-Aug-2026 Fixed Income 1.27%
14. SV RNO PROPERTY OWNER 1 LLC 5.88% 01-Mar-2031 Fixed Income 1.21%
15. Teva Pharmaceuticl Fnce III BV 4.75% 09-May-2027 Fixed Income 1.18%
Top holdings6
Sector (%)
1. US 2YR NOTE (CBT) EXP JUN 16 0.00% 30-Jun-2026 Other 20.62%
2. CAN 5YR BOND FUT EXP JUN 26 0.00% 19-Jun-2026 Other 5.80%
3. ROYAL BANK OF CANADA 3.83% 27-Mar-2030 Fixed Income 2.21%
4. SUNOCO LP 3.88% 16-Jun-2026 Cash and Cash Equivalent 2.17%
5. USD - FUTURES ADJUSTMENT 0.00% 18-Jun-2026 Other 1.61%
6. Carnival Corp 4.00% 01-May-2028 Fixed Income 1.55%
7. Canada Government 3.25% 01-Dec-2035 Fixed Income 1.45%
8. NOVA Chemicals Corp 8.50% 15-Nov-2025 Cash and Cash Equivalent 1.40%
9. Viking Ocean Cruises Ltd 5.00% 15-Feb-2028 Fixed Income 1.37%
10. Atkinsrealis Group Inc 7.00% 12-Jun-2026 Cash and Cash Equivalent 1.36%
11. IAMGOLD Corp 5.75% 15-Oct-2028 Fixed Income 1.31%
12. Air Canada 3.88% 15-Aug-2026 Fixed Income 1.27%
13. SV RNO PROPERTY OWNER 1 LLC 5.88% 01-Mar-2031 Fixed Income 1.21%
14. Teva Pharmaceuticl Fnce III BV 4.75% 09-May-2027 Fixed Income 1.18%
15. Wulf Compute Llc 7.75% 15-Oct-2030 Fixed Income 1.02%
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.