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About CI Alternative North American Opportunities Fund ETF Trust Units
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Inception date
Jul 8, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
CI Investments, Inc.
ISIN
CA12546N1050
The fund seeks long-term high absolute returns while preserving capital through a long/short equity strategy with a long bias. The strategy looks to provide exposure to innovative and growing companies within the US and Canadian economies. A combination of top-down thematic approach and bottom-up company analysis is used to ultimately create a concentrated portfolio of 25-75 holdings. Long exposure may include small positions aligned with a given theme or a large individual exposure on a high conviction security. Short exposure may include equities of suspected underperformers or expected decliners. Options trading may also be used within the strategy to enhance returns on both positions. The funds aggregate gross exposure will not exceed 150% of its assets, while short sales are limited to 50%. The fund may use other funds to obtain the desired exposure, may hold more cash, and dynamically manage its exposure in preserving its capital.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Health Technology
Stocks97.33%
Technology Services35.59%
Electronic Technology20.00%
Health Technology12.68%
Commercial Services7.83%
Producer Manufacturing5.18%
Industrial Services4.24%
Retail Trade4.20%
Consumer Services2.56%
Health Services2.33%
Finance2.07%
Bonds, Cash & Other2.67%
Rights & Warrants3.39%
Miscellaneous−0.05%
Cash−0.67%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CNAO top holdings are NVIDIA Corporation and Microsoft Corporation, occupying 5.57% and 4.95% of the portfolio correspondingly.
CNAO assets under management is 49.22 M CAD. It's risen 2.56% over the last month.
CNAO fund flows account for 43.11 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, CNAO doesn't pay dividends to its holders.
CNAO shares are issued by CI Financial Corp. under the brand CI. The ETF was launched on Jul 8, 2021, and its management style is Active.
CNAO expense ratio is 1.32% meaning you'd have to pay 1.32% of your investment to help manage the fund.
CNAO follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CNAO invests in stocks.
CNAO price has risen by 4.48% over the last month, and its yearly performance shows a 19.82% increase. See more dynamics on CNAO price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.12% over the last month, showed a 9.35% increase in three-month performance and has increased by 17.16% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.12% over the last month, showed a 9.35% increase in three-month performance and has increased by 17.16% in a year.
CNAO trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.