CI Alternative Invmt Grd Crdt C$ ETF (CRED.TO)
19.55
-0.05
(-0.26%)
CAD |
TSX |
Apr 26, 16:00
Price Chart
Key Stats
Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
---|---|---|---|
1.71% | 0.07% | 721.57M | 5549.03 |
Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
3.07% | 357.4% | 140.63M | Upgrade |
Basic Info
Investment Strategy | |
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. The fund will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts. The fund’s leverage must not exceed three times the fund’s net asset value. The leverage will be calculated in accordance with the methodology prescribed by securities laws, or any exemptions therefrom. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | Large Cap/Value |
Fixed Income Style | Low Quality/Limited Sensitivity |
Broad Asset Class | -- |
Broad Category | Alternative |
Category Name | Alternative Credit Focused |
Category Index | Morningstar CAD O/N Cash GR CAD |
Global Category Name | Alternative Miscellaneous |
YCharts Categorization | Other |
YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
Prospectus Objective | -- |
Fund Owner Firm Name | CI Investments Inc |
Prospectus Benchmark Index | |
FTSE Canada All Corp Bond | 100.0% |
Broad Asset Class Benchmark Index | |
^SPTSX60TR | 100.0% |
Manager Tenure | |
Jason Goddard | 2.90 yrs |
Performance Versus Category
As of April 26, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of April 26, 2024.
Basic Info
Investment Strategy | |
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. The fund will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts. The fund’s leverage must not exceed three times the fund’s net asset value. The leverage will be calculated in accordance with the methodology prescribed by securities laws, or any exemptions therefrom. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | Large Cap/Value |
Fixed Income Style | Low Quality/Limited Sensitivity |
Broad Asset Class | -- |
Broad Category | Alternative |
Category Name | Alternative Credit Focused |
Category Index | Morningstar CAD O/N Cash GR CAD |
Global Category Name | Alternative Miscellaneous |
YCharts Categorization | Other |
YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
Prospectus Objective | -- |
Fund Owner Firm Name | CI Investments Inc |
Prospectus Benchmark Index | |
FTSE Canada All Corp Bond | 100.0% |
Broad Asset Class Benchmark Index | |
^SPTSX60TR | 100.0% |
Manager Tenure | |
Jason Goddard | 2.90 yrs |