CI Lawrence Park Alternative Investment Grade Credit Fund

Fund Overview

The fund seeks to generate consistent positive total returns with an emphasis on capital preservation and low correlation to traditional equity and fixed income markets. The fund will be primarily invested in the investment grade debt of corporations and financial institutions in the developed world.

Investor suitability
For those who:

  • are seeking income and long-term capital appreciation
  • are seeking to reduce sensitivity to interest rate fluctuations
  • are seeking exposure to global investment grade credit and active credit trading strategies
  • are seeking consistent returns over the market cycle
  • 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.

Performance

 1m3m6mYTD1ySI
CRED 0.27%0.67%2.55%1.48%12.27%4.40%
As at: 31 May 2021

 

Historical NAVs

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns. CI Lawrence Park Alternative Investment Grade Credit ETF merged into CI Lawrence Park Alternative Investment Grade Credit Fund effective Jan 15, 2021. The performance shown includes the historical performance information since inception of the corresponding series of CI Lawrence Park Alternative Investment Grade Credit ETF. Had this historical performance information not been included, the performance of the ETF series of CI Lawrence Park Alternative Investment Grade Credit Fund could have been different. Please refer to the disclosure documents of the CI Lawrence Park Alternative Investment Grade Credit Fund for more information.

Number of securities: 227

Asset Allocation

Security Type%
Corporate Bond73.73%
Foreign Bond21.55%
Government Bond2.35%
Mortgage Related0.82%
Common Stock0.73%
Preferred Stock0.49%
Currency Security0.28%
Future0.02%

Top Holdings

NameSecurity TypeISINTicker %
ALTAGAS LTD - 2.61% (16/12/2022) Corporate BondCA02138ZAS26 ALACN 4.88
CANADIAN NATURAL RESOURCES LTD - 1.45% (16/11/2023) Corporate BondCA13638ZDW29 CNQCN 3.84
MORGAN STANLEY - 0.77% (21/03/2025) Foreign BondCA6174468Z54 MS 3.67
INTER PIPELINE LTD - 2.61% (13/09/2023) Corporate BondCA45834ZAN92 IPLCN 3.22
BELL CANADA - 2.70% (27/02/2024) Corporate BondCA07813ZBW38 BCECN 3.11
CAPITAL POWER CORP - 4.99% (23/01/2026) Corporate BondCA14046ZAL37 CPXCN 3.07
GENERAL MOTORS FINL OF CDA LTD - 3.25% (07/11/2023) Corporate BondCA37045YAE47 GM 3.00
HSBC HOLDINGS PLC - 3.20% (05/12/2023) Foreign BondCA404280BE83 HSBC 2.93
EQUITABLE BANK - 2.95% (26/09/2022) Corporate BondCA29446NAE00 EQBCN 2.82
CAPITAL POWER CORP - 4.28% (18/09/2024) Corporate BondCA14046ZAC38 CPXCN 2.81

As at: 31 May 2021
Holdings are subject to change

33.35%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 2.95% (as at 18 Jun 2021)

CREDTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.95629$0.85000$0.10629--$0.10692$0.31493$0.05577$0.07238-
2021 +$0.40629$0.30000$0.10629-------
24-Jun$0.05000$0.05000--------
21-May$0.05000$0.05000--------
26-Apr$0.05000$0.05000--------
25-Mar$0.05000$0.05000--------
22-Feb$0.05000$0.05000--------
25-Jan$0.05000$0.05000--------
15-Jan$0.10629-$0.10629-------
2020 +$0.55000$0.55000---$0.10692$0.31493$0.05577$0.07238-
23-Dec$0.05000$0.05000---$0.00972$0.02863$0.00507$0.00658-
24-Nov$0.05000$0.05000---$0.00972$0.02863$0.00507$0.00658-
26-Oct$0.05000$0.05000---$0.00972$0.02863$0.00507$0.00658-
24-Sep$0.05000$0.05000---$0.00972$0.02863$0.00507$0.00658-
25-Aug$0.05000$0.05000---$0.00972$0.02863$0.00507$0.00658-
27-Jul$0.05000$0.05000---$0.00972$0.02863$0.00507$0.00658-
24-Jun$0.05000$0.05000---$0.00972$0.02863$0.00507$0.00658-
25-May$0.05000$0.05000---$0.00972$0.02863$0.00507$0.00658-
24-Apr$0.05000$0.05000---$0.00972$0.02863$0.00507$0.00658-
25-Mar$0.05000$0.05000---$0.00972$0.02863$0.00507$0.00658-
24-Feb$0.05000$0.05000---$0.00972$0.02863$0.00507$0.00658-

(1) Future distribution dates may be amended at any time. (2) Reinvested distributions are not paid in cash but instead remain invested in the Fund. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. (3) The characterization of distributions for tax purposes (such as dividends/other income/capital gains etc.) will not be known for certain until after the Fund's tax year end. Therefore investors will be informed of the characterization of the amounts distributed for tax purposes only for the entire year and not with each distribution. For tax purposes these amounts will be reported by brokers on official tax statements.

News

Documents

14 Sep, 2020 - ETF Facts

National Instrument 81-106 Investment Fund Continuous Disclosure requires disclosure of the proxy voting record on an annual basis for the period ending on June 30 of each year. The proxy voting record must be posted on the website no later than August 31 of each year.

Canadian securities law provides that the manager of an investment funds (in this case, CI Investments Inc. ("CI")), acting on behalf of the investment fund, has the right and obligation to vote proxies relating to the investment fund's portfolio securities. As a practical matter, CI delegates this function to the applicable portfolio manager or sub-adviser, as part of the portfolio manager's or sub-adviser's general management of the investment fund assets, subject to oversight by CI. CI generally requires that applicable portfolio managers or sub-advisers vote all proxies in the best interest of CI's funds and their securityholders, as determined solely by the portfolio manager or sub-adviser, and subject to CI's proxy voting policy, the guidelines applicable to the individual portfolio manager or sub-adviser, and applicable legislation. Portfolio managers and sub-advisers are generally expected to vote on any matter for which the investment fund receives proxy materials for a meeting of securityholders of an issuer.

Proxy voting record for the most recent year:

30 Jun, 2020 - Proxy Voting Record

Warning: Documents posted on this website (including, without limitation, prospectuses) are current only as of the date on them

To access the SEDAR filings of CI Lawrence Park Alternative Investment Grade Credit Fund please click here