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 2024-04-19
$216.7 million
NAVPS
As at 2024-04-19
$18.8312
MER (%)
As at 2023-12-31
1.96
MER (%)
(Excluding performance fee)
As at 2023-12-31
1.96
Management fee (%) 0.80
Units outstanding
As at 2024-04-19
11,510,000
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 2024-03-31

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*
-0.60% 0.65% -0.60% 5.55% 1.61% - - - 1.40%
*Since inception date

Distribution history3

Payable date Total
2024-03-21 0.0640
2024-02-22 0.0640
2024-01-24 0.0640
2023-12-20 0.0640
2023-11-23 0.0640
Payable date Total
2023-10-24 0.0640
2023-09-22 0.0640
2023-08-24 0.0640
2023-07-24 0.0640
2023-06-23 0.0640

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 Investments Inc.
Adam Tuer
Adrian Prenc

CI Alternative Diversified Opportunities Fund

TSX TICKER : CMDO
 
Portfolio allocations4 As at 2024-03-31
Asset allocation (%)
  • Canadian Government Bonds 41.20
  • Foreign Government Bonds 39.28
  • Foreign Corporate Bonds 25.84
  • Canadian Corporate Bonds 5.28
  • Canadian Equity 1.74
  • Commodities 0.21
  • International Equity 0.14
  • Derivatives -0.06
  • Other -13.63
Sector allocation (%)
  • Fixed Income 99.99
  • Telecommunications 0.72
  • Basic Materials 0.36
  • Energy 0.30
  • Industrial Services 0.16
  • Industrial Goods 0.02
  • Consumer Goods 0.01
  • Consumer Services -0.02
  • Utilities -0.05
  • Other -13.10
Geographic allocation(%)
  • United States 49.89
  • Canada 49.71
  • Brazil 0.14
  • Bermuda 0.13
  • Other 0.08
  • Netherlands 0.02
  • Israel 0.02
  • Australia 0.01
Top holdings
Sector (%)
1. Canada Government 2.75% 01-Jun-2033 Fixed Income 13.09%
2. United States Treasury 4.00% 31-Jan-2029 Fixed Income 12.72%
3. Canada Government 3.25% 01-Dec-2033 Fixed Income 12.43%
4. United States Treasury 4.00% 15-Feb-2034 Fixed Income 6.03%
5. United States Treasury 1.75% 15-Jan-2034 Fixed Income 4.98%
6. TransDigm Inc 6.25% 15-Mar-2026 Fixed Income 4.95%
7. Canada Government 3.25% 01-Sep-2028 Fixed Income 4.74%
8. United States Treasury 4.25% 28-Feb-2031 Fixed Income 4.43%
9. United States Treasury 4.00% 31-Jan-2031 Fixed Income 3.82%
10. United States Treasury 4.38% 30-Nov-2030 Fixed Income 3.77%
11. United States Treasury 3.75% 31-Dec-2028 Fixed Income 3.39%
12. United States Treasury 4.88% 31-Oct-2028 Fixed Income 3.06%
13. Ontario Province 4.15% 02-Jun-2034 Fixed Income 2.79%
14. Canada Government 3.50% 01-Mar-2028 Fixed Income 2.63%
15. United States Treasury 4.50% 15-Nov-2033 Fixed Income 1.79%
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