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CIBC Monthly Income Fund Class A

Canadian Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(06-14-2024)
$10.78
Change
-$0.02 (-0.15%)

As at May 31, 2024

As at May 31, 2024

Period
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Legend

CIBC Monthly Income Fund Class A

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Fund Returns

Inception Return (September 22, 1998): 6.10%

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 2.59% 1.89% 6.54% 2.78% 9.29% 3.16% 1.85% 5.53% 4.59% 4.57% 4.52% 5.08% 4.41% 4.04%
Benchmark 1.52% 2.10% 6.41% 2.62% 9.74% 4.30% 3.00% 6.26% 5.46% 5.39% 5.17% 5.53% 4.84% 5.01%
Category Average 2.12% 7.17% 7.17% 3.82% 10.00% 4.53% 2.57% 5.64% 4.69% 4.33% 4.01% 4.43% 3.81% 4.10%
Category Rank 70 / 448 315 / 442 388 / 442 416 / 442 340 / 431 378 / 418 360 / 398 302 / 378 275 / 368 244 / 362 174 / 350 163 / 333 143 / 299 220 / 287
Quartile Ranking 1 3 4 4 4 4 4 4 3 3 2 2 2 4

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 2.14% 0.58% -1.31% -2.90% -1.48% 5.76% 3.66% -0.43% 1.31% 2.07% -2.70% 2.59%
Benchmark 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88% 1.52%

Best Monthly Return Since Inception

6.61% (November 2020)

Worst Monthly Return Since Inception

-10.33% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 4.58% -5.04% 11.74% 7.89% -5.00% 16.48% 6.34% 12.31% -10.79% 8.14%
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 4 1 1 3 1 2 3 4 3
Category Rank 276/ 286 278/ 299 78/ 331 68/ 344 246/ 355 7/ 365 169/ 374 198/ 389 371/ 409 272/ 429

Best Calendar Return (Last 10 years)

16.48% (2019)

Worst Calendar Return (Last 10 years)

-10.79% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 33.08
Canadian Government Bonds 19.42
US Equity 16.08
Canadian Corporate Bonds 13.57
International Equity 8.19
Other 9.66

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 38.66
Financial Services 16.37
Energy 8.61
Technology 6.76
Consumer Services 5.88
Other 23.72

Geographic Allocation

Geographic Allocation
Name Percent
North America 90.72
Europe 7.19
Latin America 1.11
Asia 1.00
Other -0.02

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 2.82
Toronto-Dominion Bank 2.24
Enbridge Inc 1.92
Canadian Natural Resources Ltd 1.78
Canadian National Railway Co 1.71
Microsoft Corp 1.55
Canadian Pacific Kansas City Ltd 1.46
Bank of Montreal 1.40
Brookfield Corp Cl A 1.37
Alphabet Inc Cl C 1.36

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

CIBC Monthly Income Fund Class A

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 10.23% 10.49% 8.51%
Beta 1.06% 1.01% 1.01%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.97% 0.97% 0.95%
Sharpe -0.05% 0.29% 0.34%
Sortino -0.09% 0.27% 0.22%
Treynor -0.01% 0.03% 0.03%
Tax Efficiency - 45.13% 38.76%
Volatility Volatility rating is 5 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 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.15% 10.23% 10.49% 8.51%
Beta 1.02% 1.06% 1.01% 1.01%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.96% 0.97% 0.97% 0.95%
Sharpe 0.49% -0.05% 0.29% 0.34%
Sortino 1.27% -0.09% 0.27% 0.22%
Treynor 0.04% -0.01% 0.03% 0.03%
Tax Efficiency 69.98% - 45.13% 38.76%

Fund Details

Start Date September 22, 1998
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $4,200

Fund Codes

FundServ Code Load Code Sales Status
CIB512

Investment Objectives

To provide a reasonably consistent level of monthly income while attempting to preserve capital by investing primarily in a diversified portfolio of debt and equity instruments.

Investment Strategy

To achieve its investment objectives, the Fund: aims to add value through prudent security selection based on fundamental, bottom-up analysis and through the allocation of assets between cash and fixed income instruments, equities such as common and preferred shares, income trusts, and other equity securities. Asset allocation can vary over time depending on the Portfolio Advisor’s outlook for the economy and capital markets.

Portfolio Manager(s)

Name Start Date
Colum McKinley 12-23-2020
Craig Jerusalim 12-23-2020

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 1.46%
Management Fee 1.25%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.75%
Trailer Fee Max (LL) -

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