CRED vs. XSE ETF Comparison
Comparison of CI Lawrence Park Alternative Investment Grade Credit ETF (CRED) to iShares Conservative Strategic Fixed Income ETF (XSE)
CRED
CI Lawrence Park Alternative Investment Grade Credit ETF
CRED Description
CRED seeks to generate consistent positive total returns with an emphasis on capital preservation and low correlation to traditional equity and fixed income markets. CRED will be primarily invested in the investment grade debt of corporations and financial institutions in the developed world. CRED will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts. CRED’s leverage must not exceed 300% of its NAV. The leverage will be calculated in accordance with the methodology prescribed by securities laws, or any exemptions therefrom. Any change to the investment objective must be approved by a majority of votes cast at a meeting of Unitholders held for that reason.
Grade (RS Rating)
Last Trade
$20.15
Average Daily Volume
3,254
1
XSE
iShares Conservative Strategic Fixed Income ETF
XSE Description
The investment seeks to generate income for Unitholders by investing primarily in securities of one or more exchange-traded funds managed by BlackRock Canada or an affiliate (“iShares ETFs”) that provide exposure to Canadian and international fixed income securities, including government bonds, investment grade corporate bonds, high yield securities, emerging market debt and other types of fixed income investments, while adhering to certain portfolio constraints upon rebalancing. In seeking to generate income, the fund will, upon rebalancing, generally limit its total exposure to high yield securities to 25% of its portfolio. Exposure to these types of fixed income investments may also be obtained by investing directly in them and/or through the use of derivatives.Grade (RS Rating)
Last Trade
$18.06
Average Daily Volume
3,081
2
Performance
| Period | CRED | XSE |
|---|---|---|
| 30 Days | 0.30% | -0.80% |
| 60 Days | 0.57% | -1.71% |
| 90 Days | 1.41% | -0.52% |
| 12 Months | 7.16% | 5.04% |
1 Overlapping Holdings
| Symbol | Grade | Weight in CRED | Weight in XSE | Overlap | |
|---|---|---|---|---|---|
| XCB | A | 7.55% | 6.03% | 6.03% |
CRED Overweight 0 Positions Relative to XSE
| Symbol | Grade | Weight |
|---|
CRED Underweight 1 Positions Relative to XSE
| Symbol | Grade | Weight | |
|---|---|---|---|
| XGB | C | -10.47% |
CRED: Top Represented Industries & Keywords
XSE: Top Represented Industries & Keywords
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