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CIBC Ultra Short-Term Income Private Pool Premium Class

Cdn Short Term Fixed Inc

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-19-2024)
$8.55
Change
$0.00 (0.01%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

CIBC Ultra Short-Term Income Private Pool Premium Class

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Fund Returns

Inception Return (May 31, 2016): 1.18%

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% 1.16% 2.39% 1.16% 4.75% 3.75% 2.35% 1.58% 1.43% 1.44% 1.29% - - -
Benchmark 0.53% 0.45% 4.45% 0.45% 3.64% 2.06% 0.29% 0.89% 1.33% 1.66% 1.39% 1.38% 1.34% 1.59%
Category Average 0.47% 4.40% 4.40% 0.54% 3.84% 1.74% 0.16% 1.11% 1.08% 1.28% 1.05% 1.06% 0.92% 1.04%
Category Rank 282 / 322 60 / 289 277 / 287 60 / 289 90 / 272 20 / 262 18 / 245 96 / 236 103 / 227 125 / 211 100 / 196 - - -
Quartile Ranking 4 1 4 1 2 1 1 2 2 3 3 - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.35% 0.39% 0.35% 0.41% 0.40% 0.38% 0.41% 0.40% 0.40% 0.42% 0.38% 0.35%
Benchmark 0.41% -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53%

Best Monthly Return Since Inception

0.42% (January 2024)

Worst Monthly Return Since Inception

-0.29% (August 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 0.29% 1.25% 1.28% -0.39% -0.60% 1.50% 4.72%
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 2 4 4 2 1 3
Category Rank - - - 104/ 188 87/ 208 219/ 225 235/ 235 89/ 241 5/ 255 172/ 269

Best Calendar Return (Last 10 years)

4.72% (2023)

Worst Calendar Return (Last 10 years)

-0.60% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 97.07
Canadian Corporate Bonds 2.93

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 97.07
Fixed Income 2.93

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Honda Canada Finance Inc 0.00% 05-Apr-2024 6.44
Bank of Nova Scotia 0.00% 08-Apr-2024 6.44
Bay Street Funding Trust 0.00% 10-Apr-2024 6.44
Reliant Trust 0.00% 08-May-2024 6.41
INTER PIPE INC DISC 6.38
Fusion Trust 0.00% 11-Jun-2024 6.38
ALECTRA INC DISC 4.83
VOLKSWAGEN CREDIT CANADA INC. DISC 4.83
Equitable Bank 0.00% 25-Apr-2024 4.83
FortisBC Energy Inc 0.00% 30-May-2024 4.79

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

CIBC Ultra Short-Term Income Private Pool Premium Class

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 0.67% 0.66% -
Beta 0.10% 0.06% -
Alpha 0.02% 0.01% -
Rsquared 0.15% 0.04% -
Sharpe -0.43% -0.77% -
Sortino -1.10% -2.07% -
Treynor -0.03% -0.09% -
Tax Efficiency 38.30% 11.56% -
Volatility 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% 0.67% 0.66% -
Beta 0.01% 0.10% 0.06% -
Alpha 0.05% 0.02% 0.01% -
Rsquared 0.03% 0.15% 0.04% -
Sharpe -1.04% -0.43% -0.77% -
Sortino - -1.10% -2.07% -
Treynor -0.15% -0.03% -0.09% -
Tax Efficiency 31.09% 38.30% 11.56% -

Fund Details

Start Date May 31, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2

Fund Codes

FundServ Code Load Code Sales Status
ATL3423

Investment Objectives

The Pool seeks to obtain a high level of interest income while maintaining security of capital and liquidity by investing in primarily high-quality debt obligations of Canadian and U.S. issuers. We will not change the fundamental investment objectives of the Pool without notice to, or the consent of, unitholders by a majority of votes cast at a meeting of unitholders.

Investment Strategy

To achieve its investment objectives, the Pool: invests primarily in securities issued by the Government of Canada, provincial or territorial governments and their agencies, Canadian chartered banks, loan or trust companies, and Canadian corporations; may invest in commercial paper, bankers' acceptances, asset-backed commercial paper, and any other form of corporate indebtedness; invests in debt obligations with a term-to-maturity of up to three years.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 05-16-2016

Management and Organization

Fund Manager CIBC Asset Management Inc.
Advisor CIBC Asset Management Inc.
Custodian CIBC Mellon Trust Company
Registrar CIBC Asset Management Inc.
Distributor -
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 100,000
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 150,000
SWP Min Withdrawal 100

Fees

MER 0.56%
Management Fee 0.55%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.15%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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