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CIBC Global Bond Index Fund Class A

Global Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(01-17-2025)
$9.24
Change
$0.03 (0.37%)

As at December 31, 2024

As at December 31, 2024

Period
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Legend

CIBC Global Bond Index Fund Class A

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Fund Returns

Inception Return (February 03, 1998): 1.82%

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 -0.27% -0.07% 5.43% 3.49% 3.49% 1.95% -3.10% -3.93% -2.01% -1.83% -0.64% -0.68% -0.92% 0.55%
Benchmark 0.21% 0.78% 6.45% 6.80% 6.80% 4.74% -0.73% -2.09% -0.33% -0.03% 1.05% 0.91% 0.66% 2.15%
Category Average -1.22% -1.74% 2.49% 2.36% 2.36% 3.84% -1.25% -1.39% 0.03% 0.92% 0.78% 1.03% 1.14% 1.32%
Category Rank 112 / 567 146 / 563 56 / 540 232 / 527 232 / 527 430 / 464 349 / 389 307 / 323 252 / 267 228 / 241 174 / 197 151 / 169 128 / 139 98 / 126
Quartile Ranking 1 2 1 2 2 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund -0.58% -0.40% 0.27% -1.46% -0.06% 0.38% 3.92% -0.25% 1.78% -0.72% 0.92% -0.27%
Benchmark 0.01% 0.00% 0.40% -1.24% 0.00% 1.16% 3.88% -0.22% 1.89% -0.37% 0.95% 0.21%

Best Monthly Return Since Inception

12.08% (October 2008)

Worst Monthly Return Since Inception

-5.98% (April 2009)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 14.76% -2.80% -0.98% 6.85% -0.97% 6.08% -6.38% -12.47% 0.44% 3.49%
Benchmark 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72% 6.80%
Category Average 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33% 2.36%
Quartile Ranking 1 4 4 1 4 3 4 3 4 2
Category Rank 22/ 126 124/ 139 151/ 169 12/ 197 229/ 241 181/ 267 278/ 323 279/ 389 463/ 464 232/ 527

Best Calendar Return (Last 10 years)

14.76% (2015)

Worst Calendar Return (Last 10 years)

-12.47% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 78.45
Cash and Equivalents 21.54
Derivatives 0.00
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 78.45
Cash and Cash Equivalent 21.55

Geographic Allocation

Geographic Allocation
Name Percent
North America 55.44
Europe 26.82
Asia 17.19
Multi-National 0.55

Top Holdings

Top Holdings
Name Percent
United States Treasury 2.75% 15-Aug-2047 9.78
United States Treasury 1.63% 15-May-2026 7.69
United States Treasury 4.13% 15-Nov-2032 4.54
Banner Trust 06-Mar-2025 4.08
United States Treasury 2.75% 15-Feb-2028 3.64
Japan Government 0.40% 20-Jun-2049 3.31
United States Treasury 2.25% 15-Aug-2027 2.89
Zeus Receivables Trust 16-Jan-2025 2.77
United States Treasury 6.25% 15-May-2030 2.64
Hydro One Inc 11-Feb-2025 2.56

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

CIBC Global Bond Index Fund Class A

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 6.58% 7.38% 8.19%
Beta 0.96% 1.04% 1.04%
Alpha -0.02% -0.02% -0.02%
Rsquared 0.96% 0.95% 0.97%
Sharpe -1.00% -0.55% -0.09%
Sortino -1.06% -0.84% -0.38%
Treynor -0.07% -0.04% -0.01%
Tax Efficiency - - 20.23%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.88% 6.58% 7.38% 8.19%
Beta 1.05% 0.96% 1.04% 1.04%
Alpha -0.03% -0.02% -0.02% -0.02%
Rsquared 0.97% 0.96% 0.95% 0.97%
Sharpe -0.17% -1.00% -0.55% -0.09%
Sortino 0.23% -1.06% -0.84% -0.38%
Treynor -0.01% -0.07% -0.04% -0.01%
Tax Efficiency 92.33% - - 20.23%

Fund Details

Start Date February 03, 1998
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $97

Fund Codes

FundServ Code Load Code Sales Status
CIB511

Investment Objectives

To provide a high level of income and some capital growth, while attempting to preserve capital. The Fund is managed to obtain a return that approximates the performance of the JP Morgan Global Government Bond Index (ex. Canada). The JP Morgan Global Government Bond Index (ex. Canada) is intended to represent the global government bond market, excluding Canada. By including only traded issues, the index provides a realistic measure of market performance for international investors.

Investment Strategy

To achieve its investment objectives, the Fund: uses passive management strategies to create a portfolio with characteristics similar to the JP Morgan Global Government Bond Index (ex. Canada), allowing the Fund to obtain a return that approximates the performance of that index in Canadian dollars; may use derivatives such as options, futures, forward contracts, swaps, and other similar instruments, in a manner considered appropriate to achieving the Fund’s investment objectives.

Portfolio Manager(s)

Name Start Date
Patrick Thillou 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 1.19%
Management Fee 1.20%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.25%
Trailer Fee Max (LL) -

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