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CIBC Global Bond Index Fund Class A

Global Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(05-21-2024)
$8.86
Change
$0.02 (0.17%)

As at April 30, 2024

As at April 30, 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): 1.65%

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 -1.46% -1.58% 1.68% -2.15% -4.26% -1.88% -4.31% -6.34% -3.05% -1.97% -2.21% -1.38% -0.27% 0.12%
Benchmark -1.24% -0.84% 3.25% -0.82% -1.71% 0.82% -2.84% -4.40% -1.60% -0.34% -0.68% 0.25% 1.14% 1.72%
Category Average -1.80% 4.67% 4.67% -1.95% 0.23% -0.11% -2.44% -1.17% -0.25% 0.22% 0.14% 0.59% 0.74% 1.00%
Category Rank 178 / 544 294 / 539 532 / 536 359 / 537 470 / 488 374 / 420 324 / 349 278 / 281 233 / 244 187 / 201 154 / 168 127 / 134 103 / 122 89 / 104
Quartile Ranking 2 3 4 3 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.74% -3.01% -0.45% 1.19% -2.77% 0.88% 2.03% 1.86% -0.58% -0.40% 0.27% -1.46%
Benchmark -1.74% -2.61% -0.13% 1.51% -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40% -1.24%

Best Monthly Return Since Inception

12.08% (October 2008)

Worst Monthly Return Since Inception

-5.98% (April 2009)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.95% 14.76% -2.80% -0.98% 6.85% -0.97% 6.08% -6.38% -12.47% 0.44%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking 2 1 4 4 1 4 3 4 3 4
Category Rank 42/ 98 22/ 120 117/ 132 145/ 163 11/ 191 222/ 234 182/ 268 284/ 326 276/ 393 472/ 473

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 76.22
Cash and Equivalents 23.78

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 76.22
Cash and Cash Equivalent 23.78

Geographic Allocation

Geographic Allocation
Name Percent
North America 54.41
Europe 27.25
Asia 17.65
Multi-National 0.69

Top Holdings

Top Holdings
Name Percent
United States Treasury 0.50% 31-Mar-2025 9.21
United States Treasury 2.75% 15-Aug-2047 9.09
United States Treasury 4.13% 15-Nov-2032 4.53
Zeus Receivables Trust 0.00% 08-May-2024 4.21
Japan Government 0.40% 20-Jun-2049 3.30
Japan Government 2.00% 20-Dec-2025 3.24
United States Treasury 2.75% 15-Feb-2028 2.97
United States Treasury 6.25% 15-May-2030 2.96
KING ST TRUST DISC 2.73
Japan Government 0.40% 20-Jun-2033 2.25

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 7.31% 7.51% 8.10%
Beta 1.01% 1.06% 1.04%
Alpha -0.01% -0.01% -0.02%
Rsquared 0.93% 0.95% 0.96%
Sharpe -0.94% -0.64% -0.12%
Sortino -1.17% -0.99% -0.45%
Treynor -0.07% -0.05% -0.01%
Tax Efficiency - - -
Volatility Volatility rating is 3 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 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.81% 7.31% 7.51% 8.10%
Beta 0.93% 1.01% 1.06% 1.04%
Alpha -0.03% -0.01% -0.01% -0.02%
Rsquared 0.97% 0.93% 0.95% 0.96%
Sharpe -1.55% -0.94% -0.64% -0.12%
Sortino -1.35% -1.17% -0.99% -0.45%
Treynor -0.10% -0.07% -0.05% -0.01%
Tax Efficiency - - - -

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) $90

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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