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

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  • Key Facts
  • Holdings
  • Distributions
  • News
  • Documents
    • Array ( [0] => Array ( [id] => 8566 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces September 2021 Distributions for CI ETFs [articleTitle_f] => [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2021-09-15 00:00:00 [related_img] => ) [1] => Array ( [id] => 8526 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces August 2021 Distributions for CI ETFs [articleTitle_f] => [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2021-08-16 00:00:00 [related_img] => ) [2] => Array ( [id] => 8516 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces July 2021 Distributions for CI ETFs [articleTitle_f] => [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2021-07-15 00:00:00 [related_img] => ) [3] => Array ( [id] => 8495 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces June 2021 Distributions for CI ETFs [articleTitle_f] => [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2021-06-15 00:00:00 [related_img] => ) [4] => Array ( [id] => 8485 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces May 2021 Distributions for CI ETFs [articleTitle_f] => [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2021-05-12 00:00:00 [related_img] => ) [5] => Array ( [id] => 8345 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces April 2021 Distributions for CI ETFs [articleTitle_f] => [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2021-04-15 00:00:00 [related_img] => ) [6] => Array ( [id] => 8306 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces March 2021 Distributions for CI ETFs [articleTitle_f] => [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2021-03-16 00:00:00 [related_img] => ) [7] => Array ( [id] => 8205 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces February 2021 Distributions for CI ETFs [articleTitle_f] => Gestion mondiale d'actifs CI annonce les distributions de février 2021 pour les FNB CI [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2021-02-10 00:00:00 [related_img] => ) [8] => Array ( [id] => 8145 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces Changes to the First Asset-Branded Mutual Funds, Risk Rating Changes, and the Completion of Liquid Alternative ETF Mergers [articleTitle_f] => Gestion mondiale d'actifs CI annonce des changements dans les fonds communs de placement de First Asset, des modifications de la cote de risque et l'achèvement des fusions FNB d'alternatifs liquides [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2021-01-18 00:00:00 [related_img] => ) [9] => Array ( [id] => 8125 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces January 2021 Distributions for CI ETFs [articleTitle_f] => [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2021-01-14 00:00:00 [related_img] => ) [10] => Array ( [id] => 8115 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces Estimated Reinvested Distributions for CI ETFs [articleTitle_f] => Gestion mondiale d'actifs CI Annonce des distributions réinvesties estimées pour les FNB CI [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2021-01-12 00:00:00 [related_img] => ) [11] => Array ( [id] => 8055 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces Confirmed Annual Reinvested Capital Gains Distributions for CI ETFs [articleTitle_f] => Gestion mondiale d'actifs CI annonce une confirmation des distributions annuelles de gains en capital réinvestis pour les FNB CI [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-12-31 00:00:00 [related_img] => ) [12] => Array ( [id] => 8025 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces December 2020 Distributions for CI ETFs [articleTitle_f] => Gestion mondiale d'actifs CI annonce les distributions de décembre 2020 pour les FNB CI [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-12-14 00:00:00 [related_img] => ) [13] => Array ( [id] => 7996 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces Estimated Annual Reinvested Capital Gains Distributions for CI ETFs [articleTitle_f] => Gestion mondiale d'actifs CI annonce une estimation des distributions annuelles de gains en capital réinvestis pour les FNB CI [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-12-07 00:00:00 [related_img] => ) [14] => Array ( [id] => 7926 [articleType] => 0 [articleTitle] => CI Global Asset Management Announces November 2020 Distributions for CI ETFs [articleTitle_f] => Gestion mondiale d'actifs CI annonce les distributions de novembre 2020 pour les FNB CI [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => Business Wire [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-11-13 00:00:00 [related_img] => ) [15] => Array ( [id] => 7786 [articleType] => 0 [articleTitle] => CI Investments Inc. Announces October 2020 Distributions for CI ETFs [articleTitle_f] => Placements CI Inc. annonce les distributions des FNB de CI pour le mois d'octobre 2020 [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => CNW [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-10-15 00:00:00 [related_img] => ) [16] => Array ( [id] => 7766 [articleType] => 0 [articleTitle] => CI Investments adopting dual-class structure for three liquid alternative mandates [articleTitle_f] => Placements CI adopte une structure à deux catégories pour trois mandats de fonds alternatifs liquides [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => CNW [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-10-02 00:00:00 [related_img] => ) [17] => Array ( [id] => 7736 [articleType] => 1 [articleTitle] => Fixed income investors should start focusing on total returns over yields: Marret Asset Management CEO [articleTitle_f] => [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => BNN Bloomberg | Online [articleAuthor_f] => [articleComPub] => [articleURL] => https://www.bnnbloomberg.ca/video/fixed-income-investors-should-start-focusing-on-total-returns-over-yields-marret-asset-management-ceo~2041528 [articleURL_f] => [pubDate] => 2020-09-23 00:00:00 [related_img] => ) [18] => Array ( [id] => 7686 [articleType] => 0 [articleTitle] => CI Investments Inc. Announces September 2020 Distributions for CI ETFs [articleTitle_f] => Placements CI annonce les distributions des FNB de CI pour le mois de septembre 2020 [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => CNW [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-09-15 00:00:00 [related_img] => ) [19] => Array ( [id] => 7666 [articleType] => 0 [articleTitle] => CI Investments Inc. Announces August 2020 Distributions for CI ETFs [articleTitle_f] => Placements CI Inc. annonce les distributions des FNB de CI pour le mois d'août 2020 [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => CNW [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-08-14 00:00:00 [related_img] => ) [20] => Array ( [id] => 7606 [articleType] => 0 [articleTitle] => CI Investments Inc. Announces July 2020 Distributions for CI ETFs [articleTitle_f] => Placements CI annonce les distributions des FNB de CI pour le mois de juillet 2020 [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => CNW [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-07-16 00:00:00 [related_img] => ) [21] => Array ( [id] => 7616 [articleType] => 0 [articleTitle] => CI Investments becomes first company to surpass $2 billion in liquid alternatives [articleTitle_f] => Placements CI devient la première société à dépasser 2 milliards de dollars en stratégies alternatives liquides [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => CNW [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-07-16 00:00:00 [related_img] => ) [22] => Array ( [id] => 7546 [articleType] => 0 [articleTitle] => CI Investments Inc. Announces June 2020 Distributions for CI ETFs [articleTitle_f] => [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => CNW [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-06-15 00:00:00 [related_img] => ) [23] => Array ( [id] => 7496 [articleType] => 0 [articleTitle] => CI Investments Inc. Announces May 2020 Distributions for CI First Asset ETFs [articleTitle_f] => [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => CNW [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-05-13 00:00:00 [related_img] => ) [24] => Array ( [id] => 7446 [articleType] => 0 [articleTitle] => CI Investments Inc. Announces April 2020 Distributions for CI First Asset ETFs [articleTitle_f] => Placements CI annonce les distributions des FNB CI First Asset pour le mois d'avril 2020 [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => CNW [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-04-15 00:00:00 [related_img] => ) [25] => Array ( [id] => 7416 [articleType] => 0 [articleTitle] => CI First Asset ETFs Announce March 2020 Distributions [articleTitle_f] => FNB CI First Asset annonce ses distributions de mars 2020 [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => CNW [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-03-16 00:00:00 [related_img] => ) [26] => Array ( [id] => 7236 [articleType] => 0 [articleTitle] => CI Investments continues to modernize its lineup with the launch of liquid alternative ETFs [articleTitle_f] => Placements CI poursuit la modernisation de sa gamme de produits avec le lancement de FNB alternatifs liquides [articleSubTitle] => [articleSubTitle_f] => [articleAuthor] => CNW [articleAuthor_f] => [articleComPub] => [articleURL] => [articleURL_f] => [pubDate] => 2020-01-28 00:00:00 [related_img] => ) )
 Fund Profile  Prospectus      

Fund Overview

The fund 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.

Performance

 1m3m6mYTD1ySI
CMAR.U 0.10%1.37%1.94%0.75%2.15%5.24%
As at: 31 Aug 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 Marret Alternative Absolute Return Bond ETF (U.S. Dollars) merged into CI Marret Alternative Absolute Return Bond Fund (U.S. Dollars) effective Jan 15, 2021. The performance shown includes the historical performance information since inception of the corresponding series of CI Marret Alternative Absolute Return Bond ETF (U.S. Dollars). Had this historical performance information not been included, the performance of the ETF series of CI Marret Alternative Absolute Return Bond Fund (U.S. Dollars) could have been different. Please refer to the disclosure documents of the CI Marret Alternative Absolute Return Bond Fund (U.S. Dollars) for more information.

Key Facts

Fund Characteristics

Weighted Average Duration2.66
Weighted Average Term to Maturity4.71
Weighted Average Coupon % *3.40
Weighted Average Yield to Maturity %1.95
Weighted Average Current Yield % *3.34
Cash and Equivalents %29.60
As at 31 Aug, 2021
* Corporate and government bonds only.

Rating Summary (%) *

AAA25.10
AA2.60
A4.80
BBB12.00
BB25.80
B25.80
As at 31 Aug, 2021
* Corporate and government bonds only.

Number of securities: 305

Asset Allocation

Security Type%
Foreign Bond37.89%
Government Bond23.15%
Corporate Bond16.87%
Currency Security15.67%
Term Loans4.85%
Foreign Stock1.06%
Common Stock0.50%

Top Holdings

NameSecurity TypeISINTicker %
U S TREASURY NOTE - 1.25% (15/08/2031) Government BondUS91282CCS89 WIT 4.14
TENET HEALTHCARE CORP - 4.63% (15/07/2024) Foreign BondUS88033GCS75 THC 4.13
GOVERNMENT OF CANADA - 0.50% (01/09/2025) Government BondCA135087K940 CAN CN 3.87
CANADIAN GOVERNMENT BOND - 2.00% (01/12/2051) Government BondCA135087H722 CAN 2.83
GOVERNMENT OF CANADA - 0.50% (01/12/2030) Government BondCA135087L443 CAN CN 2.27
GOVERNMENT OF CANADA - 1.25% (01/03/2025) Government BondCA135087K528 CAN CN 1.60
GOVERNMENT OF CANADA - 1.50% (01/09/2024) Government BondCA135087J967 CAN CN 1.25
FORD MOTOR CREDIT CO LLC - 1.01% (12/10/2021) Foreign BondUS345397ZG11 F 1.13
DCP MIDSTREAM OPERATING LP - 4.95% (01/04/2022) Foreign BondUS23311VAB36 DCP 1.00
FORD CREDIT CANADA CO - 3.47% (10/01/2022) Corporate BondCA34527ACE88 F 0.98

As at: 31 August 2021
Holdings are subject to change

23.2%

Distributions

Distribution details (.csv)

Twelve month trailing distribution yield : 2.89% (as at 22 Sep 2021)

CMAR.UTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.95000$0.95000----$0.35370$0.05860$0.08770-
2021 +$0.45000$0.45000--------
23-Sep$0.05000$0.05000--------
25-Aug$0.05000$0.05000--------
26-Jul$0.05000$0.05000--------
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--------
2020 +$0.50000$0.50000----$0.35370$0.05860$0.08770-
23-Dec$0.05000$0.05000----$0.03537$0.00586$0.00877-
24-Nov$0.05000$0.05000----$0.03537$0.00586$0.00877-
26-Oct$0.05000$0.05000----$0.03537$0.00586$0.00877-
24-Sep$0.05000$0.05000----$0.03537$0.00586$0.00877-
25-Aug$0.05000$0.05000----$0.03537$0.00586$0.00877-
27-Jul$0.05000$0.05000----$0.03537$0.00586$0.00877-
24-Jun$0.05000$0.05000----$0.03537$0.00586$0.00877-
25-May$0.05000$0.05000----$0.03537$0.00586$0.00877-
24-Apr$0.05000$0.05000----$0.03537$0.00586$0.00877-
25-Mar$0.05000$0.05000----$0.03537$0.00586$0.00877-

(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

ETF Facts

14 Sep, 2020 - ETF Facts

Financial Statements

30 Jun, 2021 - Semi-Annual Financial Statements

31 Dec, 2020 - Annual Financial Statements

Management Report of Fund Performance

30 Jun, 2021 - Management Report of Fund Performance

31 Dec, 2020 - Management Report of Fund Performance

Quarterly Portfolio Disclosure

31 Mar, 2021 - Summary of Investment Portfolio

Annual Information Form

22 Oct, 2020 - Annual Information Form

Proxy Voting Record

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 Fund (U.S. Dollars) please click here