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Cdn Short Term Fixed Inc
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (10-11-2024) |
$11.21 |
|---|---|
| Change |
$0.01
(0.11%)
|
As at September 30, 2024
As at September 30, 2024
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Inception Return (December 06, 1974): 5.12%
| 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 | 1.25% | 3.22% | 4.26% | 4.45% | 8.53% | 4.83% | 0.95% | 0.54% | 1.18% | 1.55% | 1.31% | 0.93% | 0.94% | 1.01% |
| Benchmark | 1.26% | 3.28% | 4.58% | 5.04% | 9.22% | 5.27% | 1.77% | 1.30% | 2.01% | 2.37% | 2.16% | 1.81% | 1.82% | 1.93% |
| Category Average | 1.15% | 4.09% | 4.09% | 4.64% | 8.67% | 5.09% | 1.45% | 1.19% | 1.68% | 1.93% | 1.71% | 1.44% | 1.45% | 1.39% |
| Category Rank | 161 / 324 | 162 / 315 | 184 / 311 | 224 / 282 | 200 / 280 | 201 / 263 | 212 / 247 | 209 / 234 | 208 / 229 | 184 / 214 | 179 / 200 | 166 / 184 | 158 / 174 | 144 / 162 |
| Quartile Ranking | 2 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.68% | 1.71% | 1.47% | -0.21% | -0.02% | 0.42% | -0.46% | 0.80% | 0.68% | 1.45% | 0.49% | 1.25% |
| Benchmark | 0.78% | 1.67% | 1.48% | -0.13% | 0.05% | 0.53% | -0.40% | 0.86% | 0.79% | 1.36% | 0.63% | 1.26% |
4.55% (November 1981)
-3.29% (March 1994)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.02% | 1.12% | 0.01% | -0.74% | 0.50% | 2.62% | 4.31% | -1.96% | -4.99% | 4.54% |
| Benchmark | 3.01% | 2.56% | 0.90% | 0.27% | 1.89% | 2.98% | 5.17% | -0.92% | -3.98% | 4.92% |
| Category Average | 1.73% | 0.55% | 0.85% | 0.42% | 0.53% | 2.93% | 4.36% | -0.83% | -4.45% | 4.84% |
| Quartile Ranking | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 4 | 4 | 3 |
| Category Rank | 101/ 145 | 105/ 166 | 162/ 179 | 166/ 184 | 165/ 204 | 157/ 219 | 153/ 229 | 225/ 235 | 199/ 249 | 186/ 263 |
4.54% (2023)
-4.99% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 47.91 |
| Canadian Government Bonds | 37.65 |
| Cash and Equivalents | 5.67 |
| Foreign Corporate Bonds | 4.96 |
| Mortgages | 1.37 |
| Other | 2.44 |
| Name | Percent |
|---|---|
| Fixed Income | 92.92 |
| Cash and Cash Equivalent | 5.67 |
| Mutual Fund | 1.41 |
| Name | Percent |
|---|---|
| North America | 99.82 |
| Europe | 0.17 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Canada Housing Trust No 1 2.35% 15-Jun-2027 | 4.85 |
| Canada Housing Trust No 1 2.10% 15-Sep-2029 | 4.08 |
| Canada Housing Trust No 1 3.60% 15-Dec-2027 | 3.82 |
| Ontario Province 2.70% 02-Jun-2029 | 3.78 |
| Canada Housing Trust No 1 1.25% 15-Jun-2026 | 3.58 |
| Canada Government 3.00% 01-Oct-2025 | 2.85 |
| Bank of Nova Scotia 2.95% 08-Mar-2027 | 2.76 |
| Canada Housing Trust No 1 2.65% 15-Mar-2028 | 1.98 |
| Canada Government 3.00% 01-Apr-2026 | 1.94 |
| Canada Government 3.75% 01-May-2025 | 1.90 |
CIBC Short-Term Income Fund Class A
Median
Other - Cdn Short Term Fixed Inc
| Standard Deviation | 3.09% | 2.61% | 2.11% |
|---|---|---|---|
| Beta | 1.06% | 1.06% | 1.04% |
| Alpha | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.99% | 0.97% | 0.97% |
| Sharpe | -0.76% | -0.39% | -0.26% |
| Sortino | -0.80% | -0.84% | -1.12% |
| Treynor | -0.02% | -0.01% | -0.01% |
| Tax Efficiency | 21.44% | 47.26% | 41.46% |
| Volatility |
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|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.41% | 3.09% | 2.61% | 2.11% |
| Beta | 1.06% | 1.06% | 1.06% | 1.04% |
| Alpha | -0.01% | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.99% | 0.99% | 0.97% | 0.97% |
| Sharpe | 1.47% | -0.76% | -0.39% | -0.26% |
| Sortino | 5.89% | -0.80% | -0.84% | -1.12% |
| Treynor | 0.03% | -0.02% | -0.01% | -0.01% |
| Tax Efficiency | 88.83% | 21.44% | 47.26% | 41.46% |
| Start Date | December 06, 1974 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $781 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIB475 |
To provide a high level of income and some capital growth while attempting to preserve capital by investing primarily in first mortgages on Canadian residential and commercial properties that are National Housing Act insured, mortgage-backed securities, and short-term debt securities of Canadian governments and corporations.
To achieve its investment objectives, the Fund: 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); allocates assets to sectors of the bond and mortgage market (Government of Canada bonds, provincial bonds, corporate bonds, first mortgages, and mortgage-backed securities), depending upon market outlook.
| Name | Start Date |
|---|---|
| John W. Braive | 12-23-2020 |
| Jeffrey M. Waldman | 12-23-2020 |
| 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 |
| 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 |
| MER | 1.04% |
|---|---|
| Management Fee | 0.95% |
| 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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