Note: On March 31, 2025, the CC&L Absolute Return Bond Fund changed its name, the previous name was the CC&L Alternative Income Fund. Some documents may still be in the old name of the fund.
CC&L Absolute Return Bond Fund
Series
As of February 28, 2025
Quick Facts
Inception Date
February 28, 2019
Fund Category
Liquid Alternative
Fund Code (A|F)
CCL1701
Assets
$30,520,377
Unit Price
$8.67
Management Fee (A|F)
0.45%
Performance Fee
15%
Hurdle
FTSE Canada 91 day T-Bill Index
High Water Mark
Perpetual
Risk Level
Low to Medium
Minimum Investment
$5,000
Subsequent Investment
$500
Systematic Purchase
$100
Trade Settlement
T+1*
*Prior to May 27, 2024, the trade settlement cycle for CC&L Funds was trade date (T) + 2.
Distributions
Income
monthly
Capital Gains
annually
Objectives
- A flexible, long-short absolute return fixed income strategy that seeks to deliver positive absolute returns over a market cycle by opportunistically investing in a diversified portfolio of primarily fixed income securities
Highlights
- Absolute return fixed income portfolio targeting 6-8% returns and risk in current environment
- Long/short interest rate strategies and Long/short credit strategies
- Takes advantage of the entire skill set of large & experienced institutional fixed income team
- Liquid Alternative fund based off existing institutional strategy
- Unlike long-credit bias portfolios, designed to not correlate with equity market selloffs
Portfolio Manager
Connor, Clark & Lunn Investment Management Ltd. was founded in 1982 and has grown to become one of Canada’s largest independent and privately owned investment management firms. CC&L’s multi-disciplined portfolio management teams collectively manage $76 billion in equities, fixed income and alternative mandates for individual and institutional investors.
More Information on Connor, Clark & Lunn Investment Management
Fund Returns1
YTD
1 mo
3 mo
6 mo
1 yr
3 yr
5 yr
10 yr
Since Inception
Series F
(CCL 1701) 0.57% 0.14% 0.91% 3.81% 6.19% 2.76% 3.54% - 3.10%
(CCL 1701) 0.57% 0.14% 0.91% 3.81% 6.19% 2.76% 3.54% - 3.10%
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Calendar Year Returns
7.36%
4.72%
-6.31%
4.90%
5.93%
2.03%
-
-
-
-
Portfolio Exposures²
For further information, please contact Connor, Clark & Lunn Funds Inc. Toll Free at 1-888-824-3120.
1. Returns for the CC&L Absolute Return Bond Fund are calculated net of series F management fees, trading and operating expenses. On March 31, 2025, the CC&L Absolute Return Bond Fund changed its name, the previous name was the CC&L Alternative Income Fund. Inception date is the inception date of CC&L Alternative Income Fund of March 2019. Note: Beginning In September 2023, the fund transitioned from a long/short credit strategy to our fixed income absolute return strategy. As a result, fund performance prior to September 2023 will exhibit a closer correlation with credit markets. Following September 2023, the fund should be expected to exhibit a lower correlation with credit markets and a stronger absolute-return orientation. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rate(s) of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. The specified distribution rate is a target only and may be adjusted from time to time by the Manager without prior notification to unitholders. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Allocations may not add to 100% due to rounding. 2. Source: Connor, Clark & Lunn Investment Management Ltd. Data displayed for illustration purposes only. Connor, Clark & Lunn Funds Inc. has retained Connor, Clark & Lunn Investment Management Ltd. to act as portfolio manager for the CC&L Absolute Return Bond Fund.
CC&L Funds is part of Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group), an independently owned multi-boutique asset management firm whose affiliates are collective responsible for over $139 billion in assets under management on behalf of institutional and individual investors.
Annualized
Class or currency
As of March 31, 2025
6 months
YTD
1 Year
3 Years
5 Years
Since Inception
CC&L Absolute Return Bond Fund - Series F
2.26%
0.40%
5.85%
3.23%
5.38%
3.02%
Annual
Class or currency
As of December 31, 2024
2024
2023
2022
2021
2020
CC&L Absolute Return Bond Fund - Series F
7.36%
4.72%
-6.31%
4.90%
5.93%
Inception Date
CC&L Absolute Return Bond Fund - Series A : February 28, 2019
CC&L Absolute Return Bond Fund - Series F : February 28, 2019
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rate[s] of return is [are] the historical annual compounded total return[s] including changes in [share or unit] value and reinvestment of all [dividends or distributions] and does [do] not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Fund performance is stated net of all management and performance fees and after trading and operating expenses. For more information on fund performance, please contact us at[email protected].
Source: Connor, Clark & Lunn Financial Group Ltd.
The above information is provided for your convenience. While we strive to ensure the accuracy of data presented on our website, it should not be relied upon as an official book of record.
Regulatory
Annual Proxy Votes
ViewAnnual Management Report of Fund Performance (MRFP)
DownloadInterim Management Report of Fund Performance (MRFP)
DownloadAnnual Financial Statements*
DownloadInterim Financial Statements*
DownloadSimplified Prospectus
DownloadPortfolio Disclosure
DownloadFund Fact Sheets
CC&L Alternative Income Fund Series A
DownloadCC&L Alternative Income Fund Series F
DownloadCC&L Alternative Income Fund Series I
Download*In order to comply with the International Ethics Standards Board for Accountants (“IESBA”) Code of Ethics for Professional Accountants, the auditor of CC&L Funds, KPMG LLP, is required to publicly disclose the audit and non-audit fees, on an annual basis, charged to public interest entities.
In connection with the audits of the financial statements of the public interest entities managed by CC&L Funds for the year ended December 31, 2023, the following fees (excluding applicable taxes) were paid or payable to KPMG LLP: $178,101 for audits of financial statements and $82,215 for other services.
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Material presented on this website should be considered for background information only and should not be construed as investment or financial advice. Further, information on this website should not be construed as an offer or solicitation by the Connor, Clark & Lunn group of companies to provide investment management services or to buy or sell any products.
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The Connor, Clark & Lunn group of companies includes a number of entities that may be registered as investment advisers, investment fund managers and exempt market dealers in various provinces and territories of Canada. A number of entities are also registered with the Unites States Securities and Exchange Commission as advisers in that country and the Connor, Clark & Lunn group of companies also includes a number of investment advisers and fund managers that are authorized and regulated by the Financial Conduct Authority in the United Kingdom. The information provided on this website regarding each entity is directed solely towards qualified investors in jurisdictions where the appropriate entity is registered. Services offered by any of the entities in the Connor, Clark & Lunn group of companies are offered solely to qualified residents of the jurisdictions where the entities are qualified to do business.
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CC&L Funds Inc.
June 6th, 2022