CI Lawrence Park Alternative Investment Grade Credit Fund (U.S. Dollars)

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.U 0.64%3.49%6.13%0.64%5.58%5.34%
As at: 29 Jan 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 (U.S. Dollars) merged into CI Lawrence Park Alternative Investment Grade Credit Fund (U.S. Dollars) 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 (U.S. Dollars). Had this historical performance information not been included, the performance of the ETF series of CI Lawrence Park Alternative Investment Grade Credit Fund (U.S. Dollars) could have been different. Please refer to the disclosure documents of the CI Lawrence Park Alternative Investment Grade Credit Fund (U.S. Dollars) for more information.

Number of securities: 208

Asset Allocation

Security Type%
Corporate Bond80.51%
Foreign Bond16.86%
Mortgage Related1.60%
Preferred Stock0.55%
Government Bond0.24%
Currency Security0.15%
Common Stock0.07%
Option0.01%

Top Holdings

NameSecurity TypeISINTicker %
EQUITABLE BANK - 2.95% (26/09/2022) Corporate BondCA29446NAE00 EQBCN 4.10
BANK OF NOVA SCOTIA - 1.40% (01/11/2027) Corporate BondCA06415E4E25 BNS 3.65
CANADIAN IMPERIAL BK OF COMM - 1.10% (19/01/2026) Corporate BondCA13607GRU09 CM 3.64
ROYAL BANK OF CANADA - 1.67% (28/01/2033) Corporate BondCA780086SY14 RY 3.35
INTER PIPELINE LTD - 4.23% (01/06/2027) Corporate BondCA45834ZAR07 IPLCN 3.24
TORONTO DOMINION BANK - 1.13% (09/12/2025) Corporate BondCA89117FYZ66 TD 3.07
CENTRAL 1 CREDIT UNION - 1.32% (29/01/2026) Corporate BondCA154728AR07 CTLONE 2.92
CANADIAN WESTERN BANK - 1.57% (14/09/2023) Corporate BondCA136765BL78 CWBCN 2.90
CHARTWELL RETIREMENT - 4.21% (28/04/2025) Corporate BondCA16141AAC77 2.87
FEDERATION DES CAISSES - 1.09% (21/01/2026) Corporate BondCA31430WFL33 CCDJ 2.84

As at: 29 January 2021
Holdings are subject to change

32.58%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 2.93% (as at 25 Feb 2021)

CRED.UTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.75732$0.65000$0.10732--$0.11264$0.30470$0.05643$0.07623-
2021 +$0.20732$0.10000$0.10732-------
22-Feb$0.05000$0.05000--------
25-Jan$0.05000$0.05000--------
15-Jan$0.10732-$0.10732-------
2020 +$0.55000$0.55000---$0.11264$0.30470$0.05643$0.07623-
23-Dec$0.05000$0.05000---$0.01024$0.02770$0.00513$0.00693-
24-Nov$0.05000$0.05000---$0.01024$0.02770$0.00513$0.00693-
26-Oct$0.05000$0.05000---$0.01024$0.02770$0.00513$0.00693-
24-Sep$0.05000$0.05000---$0.01024$0.02770$0.00513$0.00693-
25-Aug$0.05000$0.05000---$0.01024$0.02770$0.00513$0.00693-
27-Jul$0.05000$0.05000---$0.01024$0.02770$0.00513$0.00693-
24-Jun$0.05000$0.05000---$0.01024$0.02770$0.00513$0.00693-
25-May$0.05000$0.05000---$0.01024$0.02770$0.00513$0.00693-
24-Apr$0.05000$0.05000---$0.01024$0.02770$0.00513$0.00693-
25-Mar$0.05000$0.05000---$0.01024$0.02770$0.00513$0.00693-
24-Feb$0.05000$0.05000---$0.01024$0.02770$0.00513$0.00693-

(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 (U.S. Dollars) please click here