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 2026-06-12
$99.3 million
NAVPS
As at 2026-06-12
$20.1600
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 2026-06-12
4,930,000
Asset class Alternative Credit Focused
Currency CAD
CUSIP 12546P100
Distribution frequency Monthly
Last distribution $0.0640
Average Credit Rating BB

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 2026-05-31

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*
2.46% 0.64% 1.06% 2.64% 7.17% 5.46% - - 3.72%
*Since inception date

Distribution history3

Ex-Date Total
2026-05-22 0.0640
2026-04-24 0.0640
2026-03-25 0.0640
2026-02-23 0.0640
2026-01-26 0.0640
Ex-Date Total
2025-12-23 0.0640
2025-11-24 0.0640
2025-10-27 0.0640
2025-09-23 0.0640
2025-08-25 0.0640

RATING SUMMARY (%)

AAA 0.37
AA 0.07
A 10.87
BBB 32.66
BB 41.66
B 14.36
NR 0.01
Average Credit Rating BB

FUND CHARACTERISTICS

Average Coupon % 5.43
Duration 3.00
Yield 5.35

Management team

First we'll display the Team Company and then the Team members
Adrian Prenc
Jason Goddard
Masood Samim

CI Alternative Diversified Opportunities Fund

TSX TICKER : CMDO
 
Portfolio allocations4 As at 2026-05-31
Asset allocation (%)
  • Canadian Corporate Bonds 48.62
  • Foreign Corporate Bonds 47.46
  • Cash and Equivalents 7.94
  • US Equity 2.40
  • Foreign Government Bonds 1.74
  • International Equity 0.72
  • Canadian Equity 0.68
  • Foreign Bonds - Other 0.48
  • Commodities 0.26
  • Other -10.30
Sector allocation (%)
  • Fixed Income 87.57
  • Cash and Cash Equivalent 7.94
  • Technology 0.86
  • Financial Services 0.84
  • Other 0.71
  • Consumer Services 0.68
  • Telecommunications 0.59
  • Industrial Services 0.29
  • Basic Materials 0.29
  • Healthcare 0.23
Geographic allocation(%)
  • United States 54.74
  • Canada 41.84
  • France 1.25
  • United Kingdom 1.14
  • Denmark 0.48
  • Cayman Islands 0.25
  • India 0.25
  • Luxembourg 0.11
  • Brazil 0.06
  • Other -0.12
Underlying fund allocations
Sector (%)
1. US 2YR TREAS NTS FUTURE (CBT) EXP SEP 26 0.00% 30-Sep-2026 Cash and Cash Equivalent 34.58%
2. CAN 5YR BOND FUTURE (MSE) EXP SEP 26 0.00% 18-Sep-2026 Fixed Income 9.04%
3. United States Treasury Bill Fixed Income 4.84%
4. CANADIAN TREASURY BILL Cash and Cash Equivalent 2.42%
5. SUNOCO LP 3.88% 16-Jun-2026 Cash and Cash Equivalent 2.10%
6. USD - FUTURES ADJUSTMENT EXP SEP 26 0.00% 21-Sep-2026 Cash and Cash Equivalent 1.64%
7. Viking Ocean Cruises Ltd 5.00% 15-Feb-2028 Fixed Income 1.62%
8. Carnival Corp 4.00% 01-May-2028 Fixed Income 1.62%
9. NOVA Chemicals Corp 8.50% 15-Nov-2025 Cash and Cash Equivalent 1.41%
10. BELL TELEPHONE CO OF CANADA OR BELL CANADA 4.40% 30-Mar-2033 Fixed Income 1.40%
11. ENBRIDGE INC DISCOUNT NOTE Cash and Cash Equivalent 1.38%
12. Air Canada 3.88% 15-Aug-2026 Fixed Income 1.33%
13. TORONTO-DOMINION BANK/THE 3.77% 13-Apr-2030 Fixed Income 1.33%
14. ROYAL BANK OF CANADA 3.83% 27-Mar-2030 Fixed Income 1.33%
15. IAMGOLD Corp 5.75% 15-Oct-2028 Fixed Income 1.33%
Top holdings6
Sector (%)
1. US 2YR TREAS NTS FUTURE (CBT) EXP SEP 26 0.00% 30-Sep-2026 Cash and Cash Equivalent 34.58%
2. CAN 5YR BOND FUTURE (MSE) EXP SEP 26 0.00% 18-Sep-2026 Other 9.04%
3. United States Treasury Bill Fixed Income 4.84%
4. CANADIAN TREASURY BILL Other 2.42%
5. SUNOCO LP 3.88% 16-Jun-2026 Cash and Cash Equivalent 2.10%
6. USD - FUTURES ADJUSTMENT EXP SEP 26 0.00% 21-Sep-2026 Other 1.64%
7. Carnival Corp 4.00% 01-May-2028 Fixed Income 1.62%
8. Viking Ocean Cruises Ltd 5.00% 15-Feb-2028 Fixed Income 1.62%
9. NOVA Chemicals Corp 8.50% 15-Nov-2025 Cash and Cash Equivalent 1.41%
10. BELL TELEPHONE CO OF CANADA OR BELL CANADA 4.40% 30-Mar-2033 Fixed Income 1.40%
11. ENBRIDGE INC DISCOUNT NOTE Cash and Cash Equivalent 1.38%
12. Air Canada 3.88% 15-Aug-2026 Fixed Income 1.33%
13. IAMGOLD Corp 5.75% 15-Oct-2028 Fixed Income 1.33%
14. ROYAL BANK OF CANADA 3.83% 27-Mar-2030 Fixed Income 1.33%
15. TORONTO-DOMINION BANK/THE 3.77% 13-Apr-2030 Other 1.33%
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