CI Auspice Broad Commodity Fund (formerly CI Auspice Broad Commodity ETF)

Series A CAD Hedged
 

Fund overview

The fund’s investment objective seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Auspice Broad Commodity Excess Return Index, or any successor there to, by investing in financial instruments, including futures contracts and derivatives, to gain exposure to the Auspice Broad Commodity Excess Return Index. The Auspice Broad Commodity Excess Return Index currently uses a quantitative methodology to track a diversified portfolio of commodity futures contracts, or components, across 3 sectors: Agriculture, Energy, and Metals.

Fund details

description of elementelement value
Inception date May 2023
Total net assets ($CAD)
As at 2023-08-31
$118.0 million
NAVPS
As at 2023-09-27
$9.9110
MER (%) Information not available
Management fee (%) 1.52
Asset class Alternative Other
Currency CAD Hedged
Minimum investment $500 initial/$25 additional

Risk rating1

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

FUND CODES

A ISC 2124
DSC SO* 3124
LL SO 3024
F 4124
I 5124
P 90129
*No new purchases directly into switch only funds.

Performance2 As at 2023-08-31

*Fund performance is not available for funds with a history of less than one year.

Management team

First we'll display the Team Company and then the Team members
Auspice Capital Advisors Ltd.
Auspice Capital Advisors Ltd.
Tim Pickering
Ken Corner

CI Auspice Broad Commodity Fund (formerly CI Auspice Broad Commodity ETF)

Series A CAD Hedged
 
Commodity Positioning (As at 2023-09-27)
Agriculture Energy Metals
Corn Flat Crude Oil Long Copper Flat
Cotton Long Gasoline Long Gold Flat
Soybean Long Heating Oil Long Silver Flat
Sugar Long Natural Gas Flat
Wheat Flat
Top holdings
Sector (%)
1. CI Money Market Fund Class I Mutual Fund 92.86%
2. COTTON NO 2 FUTURE (NYB) EXP DEC 23 0.00% 06-Dec-2023 Other 12.37%
3. HEATING OIL FUTURE (NYM) EXP DEC 23 0.00% 30-Nov-2023 Other 10.05%
4. CRUDE OIL FUTURE (NYM) EXP JUN 24 0.00% 21-May-2024 Other 9.63%
5. SOYBEAN FUTURE (CBT) EXP NOV 23 0.00% 14-Nov-2023 Other 9.48%
6. GASOLINE RBOB FUT (NYM) EXP OCT 23 0.00% 29-Sep-2023 Other 8.78%
7. SUGAR #11 WORLD FUTURE (NYB) EXP JUL 24 0.00% 28-Jun-2024 Other 7.74%
8. Canada Government 0.00% 12-Oct-2023 Cash and Cash Equivalent 0.85%
9. USD - FUTURES ADJUSTMENT EXP JUL 24 0.00% 28-Jun-2024 Cash and Cash Equivalent -7.74%
10. USD - FUTURES ADJUSTMENT EXP OCT 23 0.00% 29-Sep-2023 Cash and Cash Equivalent -8.78%
11. USD - FUTURES ADJUSTMENT EXP DEC 23 0.00% 30-Nov-2023 Cash and Cash Equivalent -10.05%
12. USD - FUTURES ADJUSTMENT EXP DEC 23 0.00% 06-Dec-2023 Cash and Cash Equivalent -12.37%
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