New
Trackinsight is part of ETF One, the fully integrated ETF platform of Kepler Cheuvreux. Learn more →
Help us improve your experience. Please confirm your investor type:
Compare ETFs Easily
The Ultimate ETF Comparison Tool - Try Now!
Analyze up to 5 ETFs side-by-side and gain instant insights on performance, fees, holdings, and more to make data-driven investment decisions.
CNAO ETF · CI Alternative North American Opportunities Fund
The CNAO Exchange Traded Fund (ETF) is provided by CI. This fund is actively managed; it does not track an index. The dividend policy is capitalization.
Last update Yesterday at 1:30 PM UTC
LIVE
CLOSED
This fund is part ofAlternatives1M perf.-2.38%
Last price
$30.11
1M perf.
-1.54%
1M flows
-€468K
AuM
€28M
E/R
1.15%
Rating
Not rated
ESG Consensus®
CNAO
$30.11
Performance & flows
Segment for quartile rank
December 15, 2025 → March 13, 2026
Create a free account to view the flows graph
CNAO
$30.02
-9.53%
Alternatives
+1.62%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -1.54%  | -9.53%  | +4.80% | +58.84%  | N/A | -2.91% | -9.88% | -9.88% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/13/2026
$30.00
1D NAV change
-0.22%
Dividend policy
No. of holdings
35
Inception date
7/8/2021
Jurisdiction
Canada
Distribution
Canada
Legal structure
Open-end Fund
Base currency
CAD
Classification
Investment strategy
The fund seeks to generate high absolute returns over the long-term, balanced with a capital preservation mindset, by primarily investing in growth-oriented North American equities. The fund will use leverage. The leverage will be created generally through the use of cash borrowings, short sales and derivative contracts. The fund's leverage must not exceed three times the fund's net asset value. The leverage will be calculated in accordance with the methodology prescribed by securities regulations, or any exemptions therefrom.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
Create a free Trackinsight Essentials account to unlock insights
Access exclusive metrics and features to support your investment decisions.
Built for professionals: access exclusive fund metrics and selection tools in Trackinsight Enterprise.
Enterprise Fund page features include:
Legal documents
Powerful buy-list integration
Fund data exports
Advanced risk metrics
Advanced replication analysis
Advanced exposure look-through
Upload your own internal metrics
Custom data feature
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSimilar ETFs in your region
CNAO.U
1M perf.
-1.46%
E/R
1.44%
PCLG
1M perf.
-0.05%
E/R
0.69%
RILA
1M perf.
-0.65%
E/R
0.5%
JGRO
1M perf.
-2.44%
E/R
0.44%
JGOR
1M perf.
-2.43%
E/R
0.4871%
Advertisement
Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -9.53% | +4.80% | +58.84% | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
Create a free account to view risk/return table
Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
Built for professionals: access exclusive risk metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseExposure
Countries
USA
87.83%
Canada
10.58%
Unavailable
1.59%
Sectors
Information Technology
40.63%
Health Care
18.70%
Consumer Discretionary
12.24%
Communication Services
9.04%
Industrials
6.52%
Financials
4.34%
Unavailable
8.55%
Diversification
Total weight of top 15 holdings out of 35
Top 15 holdings
Data as of January 31, 2026
NVIDIA
AMAZON.COM INC
ALPHABET INC-CL
MICROSOFT-T
THERMO FISHER SCIENTIFIC
S&P GLOBAL INC
LILLY
KLA CORPORATION
Create a free account to view top holdings
BROADCOM LIMITED
US8740391003
META PLATFORMS
INTUITIVE SURGICAL
DANAHER
ANALOG DEVICES
DOLLARAMA
Create a free account to view top holdings
Built for professionals: access exclusive exposure metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
CI
CI ID Card
Number of funds
148
Total AuM
€15.06B
Expense ratio range
0.05% - 2.35%
Average expense ratio
0.64%
Top 5 funds by CI
| AuM | ||
|---|---|---|
CSAV | CI First Asset High Interest Savings ETF | €3.14B |
WXM | CI Morningstar Canada Momentum Index ETF | €898M |
CIAI | CI Global Artificial Intelligence ETF | €641M |
DGRC | CI Canada Quality Dividend Growth Index ETF | €532M |
BTCX.B | CI Galaxy Bitcoin ETF | €505M |
Frequently asked questions about CNAO
What does CI Alternative North American Opportunities Fund, CNAO, invest in?
CNAO is a Active ETF. This ETF provides exposure to North American Equities.
What is the Total Expense ratio (TER) of CNAO?
CNAO carries a total expense ratio (TER) of 1.15%, indicating the annual cost for holding the fund.
When was CNAO launched?
CNAO was introduced to the market on July 8, 2021. It trades on Canada
Who is the ETF issuer of CNAO?
CI Alternative North American Opportunities Fund, CNAO, is provided by CI. Learn more about CI here.
What is the current assets under management (AUM) of CNAO?
CNAO oversees €28M in assets as of March 13, 2026.
How has CNAO performed lately?
Based on data from March 13, 2026, CNAO returned -1.54% over the past month, -9.53% over the last three months and -9.88% year-to-date.
What are the latest inflows or outflows for CNAO?
As of March 13, 2026, CNAO recorded net flows of -€478K over the last month and -€434K year-to-date.
Does CNAO distribute dividends?
CNAO follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of CNAO?
As of January 31, 2026, CNAO has significant geographic allocations in USA and Canada.
In which sector or theme does CNAO invest in?
As of January 31, 2026, CNAO focuses largely on Information Technology, Health Care and Consumer Discretionary.
How many securities does CNAO hold and how diversified is it?
As of January 31, 2026, CNAO holds 35 positions in its portfolio, with 62.96% of assets concentrated in its top 15 holdings.
What are the main positions in CNAO?
As of January 31, 2026, CNAO top three holdings include NVIDIA, AMAZON.COM INC and ALPHABET INC-CL.
What is the base currency of CNAO?
The base currency of CNAO is CAD.
Advertisement
About Trackinsight
Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.
Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.
In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.
This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.
Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
More about TrackinsightETF TOOLS
PLATFORM
ETF NEWS & RESEARCH
© 2014-2026 Trackinsight SA. All rights reserved.
Privacy policy | Cookie policy | | Terms of use | Imprint
Privacy policy | Cookie policy | | Terms of use | Imprint
