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About CI Alternative Investment Grade Credit Fund ETF
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Inception date
Jan 23, 2020
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
CI Investments, Inc.
ISIN
CA17164R1064
The fund seeks total returns with an emphasis on capital preservation and low correlation to traditional equity and bond markets. To achieve this goal, the fund will invest in investment grade debt and use leverage through cash borrowings, short sales and derivatives. The use of leverage (up to 3x its assets) will aim to increase the portfolios expected yield, while limiting portfolio volatility by reducing interest rate sensitivity mainly through short-selling government debts, or shorting bond futures, to offset long positions in corporate bonds. Managing its derivative exposure requires flexible approach, so expect a higher turnover rate. Security selection is based on fundamental principles and technical market conditions. Although debt holdings are primarily of corporations and financial institutions in the developed world, it will also include issuers in multiple industry sectors and geographical locations in all parts of the capital structure and maturity profile.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CRED last dividends amounted to 0.05 CAD. The month before, the issuer paid 0.05 CAD in dividends,
CRED assets under management is 350.46 M CAD. It's risen 0.63% over the last month.
CRED fund flows account for −14.94 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.
Yes, CRED pays dividends to its holders with the dividend yield of 2.97%. The last dividend (Aug 29, 2025) amounted to 0.05 CAD. The dividends are paid monthly.
CRED shares are issued by CI Financial Corp. under the brand CI. The ETF was launched on Jan 23, 2020, and its management style is Active.
CRED expense ratio is 1.68% meaning you'd have to pay 1.68% of your investment to help manage the fund.
CRED follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CRED price has risen by 0.05% over the last month, and its yearly performance shows a 1.56% increase. See more dynamics on CRED price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.48% over the last month, showed a 1.66% increase in three-month performance and has increased by 4.42% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.48% over the last month, showed a 1.66% increase in three-month performance and has increased by 4.42% in a year.
CRED trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.