CI Marret Alternative Absolute Return Bond ETF (U.S. Dollars)

Fund Overview

The ETF seeks to provide positive absolute returns with low volatility over a market cycle regardless of market conditions or general market direction, by primarily investing in debt instruments across the credit spectrum including cash, government debt, investment grade corporate debt, high yield debt, credit derivatives and other income-producing securities throughout the world.

Investor suitability
For those who:

  • want a diversified, absolute return portfolio of tactically managed fixed income securities to hold as part of a diversified investment portfolio
  • 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.

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.

Key Facts

Fund Characteristics

Weighted Average Duration3.46
Weighted Average Term to Maturity5.90
Weighted Average Coupon % *2.30
Weighted Average Yield to Maturity %2.19
Weighted Average Current Yield % *2.57
Cash and Equivalents %20.30
As at 30 Sep, 2020
* Corporate and government bonds only.

Rating Summary (%) *

AAA28.90
AA3.20
A5.20
BBB9.90
BB33.90
B13.40
As at 30 Sep, 2020
* Corporate and government bonds only.

Number of securities: 297

Asset Allocation

Security Type%
Foreign Bond49.32%
Government Bond16.72%
Treasury Bill11.23%
Foreign Stock9.16%
Corporate Bond8.08%
Currency Security3.42%
Term Loans1.52%
Common Stock0.49%
Interest Rate Swaps0.05%
Future0.01%

Top Holdings

NameSecurity TypeISINTicker %
GOVERNMENT OF CANADA (22/10/2020) Treasury BillCA1350Z76Y55 CTBW 9.51
GOVERNMENT OF CANADA - 1.25% (01/03/2025) Government BondCA135087K528 CAN 4.96
ISHARES IBOXX HIGH YLD CORP Foreign StockUS4642885135 HYG US 3.66
GOVERNMENT OF CANADA - 0.50% (01/09/2025) Government BondCA135087K940 CANW 2.72
ISHARES IBOXX INVESTMENT GRA Foreign StockUS4642872422 LQD US 2.38
QUICKEN LOANS LLC 144A - 5.75% (01/05/2025) Foreign BondUS74840LAA08 QUICKN 1.75
SPDR S&P 500 ETF TRUST Foreign StockUS78462F1030 SPY US 1.73
CARVANA CO 144A - 8.88% (01/10/2023) Foreign BondUS146869AA09 CVNA 1.64
U S TREASURY BOND - 1.25% (15/05/2050) Government BondUS912810SN90 T 1.41
GOVERNMENT OF CANADA - 1.25% (01/06/2030) Government BondCA135087K379 CAN 1.32

As at: 30 September 2020
Holdings are subject to change

31.08%

Distributions

Distribution details (.csv)
CMAR.UTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.40000$0.40000--------
2020 +$0.40000$0.40000--------
26-Oct$0.05000$0.05000--------
24-Sep$0.05000$0.05000--------
25-Aug$0.05000$0.05000--------
27-Jul$0.05000$0.05000--------
24-Jun$0.05000$0.05000--------
25-May$0.05000$0.05000--------
24-Apr$0.05000$0.05000--------
25-Mar$0.05000$0.05000--------

(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.

Documents

5 Oct, 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 Marret Alternative Absolute Return Bond ETF (U.S. Dollars) please click here