Investment Objective & Strategy
The Corex Alternative Alpha Portfolio seeks to maximize risk-adjusted returns that are uncorrelated to broad equity and fixed-iconcome markets. The Portfolio achieves this objective by using a diversified set of actively-managed alternative investment strategies that have a low beta and correlation to traditional investments (stocks and bonds), and aims to achieve low to moderate returns.
Portfolio Holdings
The Corex Alternative Alpha Portfolio is constructed using a diversified set of alternative investment strategies:
| Event-Driven |
An investment strategy that seeks to profit from defined catalysts that are typically major corporate events such as bankruptcies, mergers and acquisitions, restructurings, spinoffs, or takeovers. Portfolio holdings may include:
|
| Global Macro |
Systematic or discretionary investment strategies that seek to profit off changes in macroeconomic variables and trends by trading across various global asset classes including currencies, commodities, equities, and fixed income. Portfolio holdings may include:
|
| Market Neutral |
An investment strategy that seeks to generate consistent positive returns regardless of the direction of the market. Portfolio holdings may include:
|
| Merger Arbitrage |
An investment strategy that seeks to profit from the completion of announced corporate mergers and acquisitions through the spread between the current share price and the eventual deal price. Portfolio holdings may include:
|
Portfolio Allocations (%)
The Corex Alternative Alpha Portfolio is available in three risk profiles:
| Very Low Risk | Low Risk | Medium Risk | |
| Event-Driven | 9 | 16 | 26 |
| Global Macro | 14 | 23 | 33 |
| Market Neutral | 50 | 40 | 21 |
| Merger Arbitrage | 26 | 20 | 18 |
Portfolio Performance (%)
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 2 Year | 3 Year | Since Inception | |
| Very Low Risk | 0.97 | 2.54 | 2.70 | 3.18 | 4.69 | - | - | 4.21 |
| Low Risk | 1.24 | 2.82 | 3.48 | 3.75 | 5.21 | - | - | 4.20 |
| Medium Risk | 1.48 | 3.07 | 4.02 | 4.23 | 5.56 | - | - | 4.14 |
Source: Corex as of April 30, 2024. Portfolio inception date: August 1, 2022.
Disclaimer
This information should not be relied upon as investment advice, research, or a recommendation by Corex Financial Inc. (“Corex”) regarding (i) the Funds, (ii) the use or suitability of the model portfolios or (iii) any security in particular. Corex does not provide legal or tax advice and we encourage you to consult your own lawyer, accountant, or other advisors before making an investment.
The information on this website is not an offer or solicitation for the purchase or sale of any financial instrument in any jurisdiction, nor is it a commitment by Corex or any of its affiliates (collectively “Corex”) to enter into any transaction referenced herein. All information provided by Corex herein is indicative, is based on certain assumptions and current market conditions and is subject to change without notice. Accordingly, no reliance should be placed on the information herein. In deciding whether to enter into any transaction or strategy referenced herein, the recipient should rely solely on the final documentation, which will contain the definitive terms and conditions relating to any referenced transaction or strategy.
The information has been provided for illustrative purposes only and should not be relied upon by you in evaluating the merits of investing in any securities or strategies mentioned herein. This data is hypothetical and the performance does not represent actual returns. All data shown is reported in Canadian dollars and reported gross of Corex' discretionary management fees, but net of any management expense ratios (MERs) of underlying funds. The interpretation of these results should take into consideration the limitations inherent in the results of the model. Actual client portfolio returns may differ due to fees, rebalancing frequencies, as well as the timing of deposits and withdrawals.
Your capital is at risk with any type of investment. The value of your portfolio with Corex can increase or decrease. Past performance is no guarantee of future results. Please read our investment risk disclosure for more information.
An investment may be risky and may not be suitable for an investor's goals, objectives, and risk tolerance. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.
Portfolio target allocations are subject to change at the discretion of Corex' portfolio managers. Target allocations may differ slightly from what appears in client accounts due to periodic market fluctuations.
The price movement of an index-based ETF may not track the underlying index and may result in a loss. ETFs may trade at a price below their net asset value (also known as a discount). All regulated investment companies are obliged to distribute portfolio gains to shareholders.
Corex Financial Inc. is a registered Portfolio Manager in each province and territory of Canada and an Investment Fund Manager in the provinces of Alberta, Ontario, Newfoundland and Labrador, and Quebec.
Assets in your Corex accounts are held with CI Investment Services, a registered investment dealer in each province and territory of Canada, a member of the Investment Industry Regulatory Organization of Canada (“IIROC”) and Canadian Investor Protection Fund (“CIPF”).
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