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CIBC Balanced Fund Class A

Canadian Neutral Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(05-16-2024)
$21.10
Change
$0.01 (0.04%)

As at April 30, 2024

As at April 30, 2024

Period
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Legend

CIBC Balanced Fund Class A

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Fund Returns

Inception Return (December 31, 1987): 5.45%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -2.27% 1.30% 9.68% 1.19% 2.81% 2.35% 1.47% 4.77% 3.50% 4.04% 3.57% 4.24% 3.34% 3.53%
Benchmark -1.88% 1.39% 11.11% 1.08% 4.37% 3.44% 3.24% 6.33% 4.97% 5.50% 4.90% 5.45% 4.60% 4.91%
Category Average -2.03% 10.42% 10.42% 1.66% 4.77% 3.36% 2.24% 5.58% 3.94% 4.18% 3.69% 4.36% 3.60% 3.95%
Category Rank 375 / 448 339 / 442 369 / 442 360 / 442 405 / 431 350 / 418 352 / 389 334 / 378 325 / 368 291 / 361 248 / 346 263 / 333 255 / 299 251 / 287
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 3 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.98% 1.41% 0.55% -0.72% -3.18% -1.43% 5.37% 2.87% -0.12% 1.43% 2.20% -2.27%
Benchmark -3.45% 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88%

Best Monthly Return Since Inception

8.30% (April 2020)

Worst Monthly Return Since Inception

-12.13% (August 1998)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.36% -0.57% 4.66% 6.60% -4.60% 14.50% 7.46% 10.19% -10.61% 6.99%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking 4 3 4 2 3 2 2 4 4 4
Category Rank 248/ 286 187/ 299 310/ 331 149/ 344 221/ 355 94/ 365 107/ 374 304/ 389 369/ 409 350/ 429

Best Calendar Return (Last 10 years)

14.50% (2019)

Worst Calendar Return (Last 10 years)

-10.61% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 33.39
Canadian Government Bonds 16.60
Canadian Corporate Bonds 16.11
US Equity 15.73
International Equity 8.35
Other 9.82

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 38.53
Financial Services 13.91
Technology 9.19
Energy 6.95
Consumer Services 6.03
Other 25.39

Geographic Allocation

Geographic Allocation
Name Percent
North America 90.05
Europe 7.99
Asia 1.12
Latin America 0.76
Africa and Middle East 0.08

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 2.16
Canadian Pacific Kansas City Ltd 1.81
Canadian Natural Resources Ltd 1.59
Bank of Montreal 1.56
Enbridge Inc 1.49
Microsoft Corp 1.49
Alphabet Inc Cl C 1.32
Canada Government 1.75% 01-Dec-2053 1.29
Shopify Inc Cl A 1.27
Toronto-Dominion Bank 1.22

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: L. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

CIBC Balanced Fund Class A

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 9.65% 10.62% 8.38%
Beta 1.00% 1.02% 1.00%
Alpha -0.02% -0.02% -0.01%
Rsquared 0.98% 0.98% 0.95%
Sharpe -0.09% 0.19% 0.29%
Sortino -0.16% 0.13% 0.13%
Treynor -0.01% 0.02% 0.02%
Tax Efficiency 57.42% 76.54% 74.47%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.87% 9.65% 10.62% 8.38%
Beta 0.90% 1.00% 1.02% 1.00%
Alpha -0.01% -0.02% -0.02% -0.01%
Rsquared 0.98% 0.98% 0.98% 0.95%
Sharpe -0.19% -0.09% 0.19% 0.29%
Sortino 0.02% -0.16% 0.13% 0.13%
Treynor -0.02% -0.01% 0.02% 0.02%
Tax Efficiency 85.61% 57.42% 76.54% 74.47%

Fund Details

Start Date December 31, 1987
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $280

Fund Codes

FundServ Code Load Code Sales Status
CIB477

Investment Objectives

To provide a balanced portfolio of primarily Canadian securities that produce income and capital appreciation by investing primarily in Canadian money market instruments, debt securities, and common and preferred shares. We will not change the Fund’s fundamental investment objectives without the consent of unitholders by a majority of votes cast at a meeting of unitholders.

Investment Strategy

To achieve its investment objectives, the Fund: invests in a combination of equity securities and fixed income securities issued by governments and corporations; uses a bottom-up, fundamental approach to primarily invest in equity securities of high-quality companies that are attractively valued from a discount to intrinsic value perspective; may shift the asset allocation based on the Portfolio Advisor’s economic and market outlook.

Portfolio Manager(s)

Name Start Date
Luc De La Durantaye 10-27-2009
Suzann Pennington 10-27-2009

Management and Organization

Fund Manager Canadian Imperial Bank of Commerce
Advisor CIBC Asset Management Inc.
Custodian CIBC Mellon Trust Company
Registrar Canadian Imperial Bank of Commerce
Distributor CIBC Securities Inc.
Auditor Ernst & Young LLP, Chartered Accountants

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 2.15%
Management Fee 1.80%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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