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CIBC Money Market Fund Class A

Canadian Money Market

NAVPS
(07-23-2024)
$10.00
Change
$0.00 (0.01%)

As at June 30, 2024

As at June 30, 2024

Period
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Legend

CIBC Money Market Fund Class A

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Fund Returns

Inception Return (November 30, 1988): 2.95%

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 0.35% 1.19% 2.41% 2.41% 4.91% 4.39% 3.00% 2.27% 2.02% 1.91% 1.75% 1.56% 1.41% 1.33%
Benchmark 0.39% 1.20% 2.43% 2.43% 4.97% 4.39% 3.05% 2.31% 2.11% 2.02% 1.87% 1.70% 1.56% 1.49%
Category Average 0.32% 2.14% 2.14% 2.14% 4.33% 3.69% 2.42% 1.81% 1.63% 1.54% 1.39% 1.24% 1.12% 1.02%
Category Rank 121 / 257 90 / 257 92 / 254 92 / 254 80 / 246 57 / 227 57 / 220 56 / 212 60 / 205 62 / 197 60 / 183 57 / 173 56 / 169 55 / 163
Quartile Ranking 2 2 2 2 2 2 2 2 2 2 2 2 2 2

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.40% 0.40% 0.38% 0.43% 0.40% 0.39% 0.44% 0.39% 0.37% 0.43% 0.40% 0.35%
Benchmark 0.40% 0.41% 0.41% 0.41% 0.41% 0.41% 0.40% 0.40% 0.40% 0.41% 0.40% 0.39%

Best Monthly Return Since Inception

1.10% (July 1990)

Worst Monthly Return Since Inception

0.00% (December 1988)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.66% 0.32% 0.24% 0.44% 1.12% 1.32% 0.49% 0.10% 1.74% 4.81%
Benchmark 0.91% 0.55% 0.50% 0.65% 1.34% 1.66% 0.56% 0.11% 1.95% 4.71%
Category Average 0.30% 0.02% 0.24% 0.35% 0.69% 1.20% 0.45% -0.11% 1.13% 4.06%
Quartile Ranking 2 2 2 2 2 3 2 2 2 2
Category Rank 64/ 159 81/ 165 84/ 170 80/ 178 89/ 185 113/ 201 98/ 207 89/ 220 70/ 224 59/ 233

Best Calendar Return (Last 10 years)

4.81% (2023)

Worst Calendar Return (Last 10 years)

0.10% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 98.68
Canadian Corporate Bonds 1.33
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 98.67
Fixed Income 1.33

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Bay Street Funding Trust 07-Aug-2024 2.46
9063-8925 Quebec Inc 02-Apr-2025 2.19
Merit Trust 02-Apr-2025 2.19
Fusion Trust 26-Nov-2024 2.17
Zeus Receivables Trust 13-Nov-2024 2.16
Banner Trust 26-Mar-2025 2.16
Zeus Receivables Trust 26-Mar-2025 2.16
FUSION TR CL A SER A CP CDS DISC NOTE 1.75
CDN MASTER TST D CDS DISCOUNT NOTE 1.67
PLAZA TRUST DISCOUNT NT 1.66

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

CIBC Money Market Fund Class A

Median

Other - Canadian Money Market

3 Yr Annualized

Standard Deviation 0.60% 0.58% 0.46%
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino -0.09% -1.72% -2.63%
Treynor - - -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 0.09% 0.60% 0.58% 0.46%
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - -0.09% -1.72% -2.63%
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date November 30, 1988
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $3,000

Fund Codes

FundServ Code Load Code Sales Status
CIB480

Investment Objectives

To maximize interest income while attempting to preserve capital and maintain liquidity by investing primarily in high-quality, short-term debt securities issued by the Government of Canada or any Canadian provincial government, obligations of Canadian banks and trust companies, and commercial paper with an approved credit rating.

Investment Strategy

To achieve its investment objectives, the Fund: strives to maintain a NAV per unit of $10 by allocating income daily and distributing it monthly but the NAV per unit may fluctuate; adjusts the Fund’s term-to-maturity to reflect the portfolio advisor’s outlook for interest rates (short average term if rates are expected to rise and long average term if rates are expected to fall).

Portfolio Manager(s)

Name Start Date
Steven Dubrovsky 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 0.50%
Management Fee 1.00%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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