Fund Library Home Page
Sign In Français

  • My Watchlist is is a members only feature. Sign in or Sign up for free access to the watchlist feature.

Fund Search
ETF Search
Stock Search

Join Fund Library now and get free access to personalized features to help you manage your investments.

Sign up Now More Info

CIBC Canadian T-Bill Fund Premium Class

  • Premium Feature Only
Add to My Watchlist

Canadian Money Market

NAVPS
(09-13-2024) 		$10.00
Change
$0.00 (0.01%)

As at August 31, 2024

As at August 31, 2024

Period
Loading...

Legend

CIBC Canadian T-Bill Fund Premium Class

Compare Options

Fund Returns

Inception Return (January 02, 1991): 2.64%

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 0.36% 1.12% 2.29% 3.09% 4.71% 4.31% 3.02% 2.28% 2.01% 1.91% 1.76% 1.57% 1.42% 1.33%
Benchmark 0.36% 1.13% 2.36% 3.18% 4.89% 4.57% 3.29% 2.49% 2.20% 2.11% 1.96% 1.78% 1.64% 1.54%
Category Average 0.32% 2.09% 2.09% 2.83% 4.33% 3.91% 2.66% 1.97% 1.73% 1.63% 1.47% 1.32% 1.19% 1.08%
Category Rank 110 / 256 102 / 248 114 / 247 117 / 245 116 / 244 109 / 219 104 / 210 100 / 207 94 / 198 81 / 184 75 / 170 70 / 163 68 / 156 64 / 150
Quartile Ranking 2 2 2 2 2 2 2 2 2 2 2 2 2 2

Monthly Return

Monthly Return
Return % Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
Fund 0.38% 0.42% 0.39% 0.38% 0.42% 0.36% 0.35% 0.41% 0.40% 0.35% 0.40% 0.36%
Benchmark 0.41% 0.41% 0.41% 0.41% 0.40% 0.40% 0.40% 0.41% 0.40% 0.39% 0.38% 0.36%

Best Monthly Return Since Inception

0.90% (January 1991)

Worst Monthly Return Since Inception

0.01% (February 2021)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.65% 0.34% 0.23% 0.40% 1.10% 1.41% 0.50% 0.10% 1.51% 4.46%
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 3 3 3 2 3 2 3 3
Category Rank 62/ 146 75/ 152 87/ 157 88/ 165 90/ 172 86/ 187 101/ 200 94/ 209 112/ 213 117/ 222

Best Calendar Return (Last 10 years)

4.46% (2023)

Worst Calendar Return (Last 10 years)

0.10% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 95.49
Canadian Government Bonds 4.51

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 95.49
Fixed Income 4.51

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 10-Oct-2024 11.81
Canada Government 12-Sep-2024 9.35
Canada Government 26-Sep-2024 8.44
Canada Government 05-Dec-2024 7.71
Canada Government 24-Oct-2024 7.42
Canada Government 07-Nov-2024 6.91
NEWFOUNDLAND T-BILL 5.25
Quebec Province 5.69% 13-Oct-2024 4.77
Canada Housing Trust No 1 4.81% 15-Mar-2026 4.51
Nova Scotia Province 5.54% 09-Nov-2024 4.47

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

CIBC Canadian T-Bill Fund Premium Class

Median

Other - Canadian Money Market

3 Yr Annualized

Standard Deviation 0.55% 0.56% 0.45%
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino -0.04% -1.76% -2.64%
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% 0.55% 0.56% 0.45%
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - -0.04% -1.76% -2.64%
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date January 02, 1991
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $138

Fund Codes

FundServ Code Load Code Sales Status
CIB482

Investment Objectives

To maximize interest income while attempting to preserve capital and maintain liquidity by investing primarily in Government of Canada Treasury Bills.

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
Stephanie Lessard 12-23-2020
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 100,000
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 100,000
SWP Min Withdrawal 100

Fees

MER 0.36%
Management Fee 0.50%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.10%
Trailer Fee Max (LL) -

Join Fund Library now and get free access to personalized features to help you manage your investments.

Sign up Now More Info