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CIBC Alternative Credit Strategy Series A
Alternative Credit Focus
Click for more information on Fundata’s FundGrade
FundGrade B
Click for more information on Fundata’s FundGrade.
|
NAVPS (06-18-2026) |
$9.91 |
|---|---|
| Change |
$0.01
(0.09%)
|
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (November 21, 2022): 6.50%
| 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 | 1.00% | 1.31% | 2.10% | 1.85% | 4.90% | 5.45% | 6.23% | - | - | - | - | - | - | - |
| Benchmark | 1.41% | -0.55% | 0.39% | 1.78% | 2.90% | 5.87% | 4.11% | 3.23% | 0.83% | 0.37% | 1.26% | 1.96% | 1.65% | 1.78% |
| Category Average | 0.77% | 0.87% | 2.20% | 2.09% | 6.05% | 6.39% | 6.71% | 5.55% | 3.70% | 5.05% | 4.34% | - | - | - |
| Category Rank | 31 / 150 | 38 / 150 | 62 / 146 | 68 / 146 | 74 / 134 | 75 / 119 | 57 / 106 | - | - | - | - | - | - | - |
| Quartile Ranking | 1 | 2 | 2 | 2 | 3 | 3 | 3 | - | - | - | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.60% | 0.45% | 0.39% | 0.67% | 0.44% | 0.16% | 0.25% | 0.67% | -0.14% | -0.63% | 0.94% | 1.00% |
| Benchmark | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% |
Best Monthly Return Since Inception
1.85% (January 2023)
Worst Monthly Return Since Inception
-0.63% (March 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 8.54% | 7.00% | 5.04% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | - | - | - | - | 2 | 3 | 3 |
| Category Rank | - | - | - | - | - | - | - | 29/ 105 | 73/ 110 | 70/ 132 |
Best Calendar Return (Last 10 years)
8.54% (2023)
Worst Calendar Return (Last 10 years)
5.04% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 183.68 |
| Foreign Corporate Bonds | 14.33 |
| Cash and Equivalents | 10.09 |
| Canadian Bonds - Other | 2.48 |
| Mortgages | 1.64 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 89.92 |
| Cash and Cash Equivalent | 10.08 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 92.71 |
| Europe | 5.15 |
| Asia | 2.14 |
Top Holdings
| Name | Percent |
|---|---|
| Laurentian Bank of Canada 4.19% 23-Jan-2028 | 7.40 |
| Bank of Montreal 6.03% 07-Sep-2028 | 7.22 |
| Ford Credit Canada Co 4.22% 10-Jan-2028 | 6.92 |
| Royal Bank of Canada 5.01% 01-Feb-2028 | 6.04 |
| Enbridge Inc 5.38% 27-Sep-2027 | 5.95 |
| Royal Bank of Canada 4.83% 08-Aug-2029 | 5.57 |
| Cash and Cash Equivalents | 5.49 |
| TransCanada Trust 4.65% 18-May-2027 | 5.36 |
| MINI MALL STORAGE PROPERTIES TRUST 4.28% 01-Dec-2028 | 5.15 |
| Toronto-Dominion Bank 5.18% 09-Apr-2029 | 5.06 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
CIBC Alternative Credit Strategy Series A
Median
Other - Alternative Credit Focus
3 Yr Annualized
| Standard Deviation | 1.27% | - | - |
|---|---|---|---|
| Beta | 0.13 | - | - |
| Alpha | 0.06 | - | - |
| Rsquared | 0.27% | - | - |
| Sharpe | 1.97 | - | - |
| Sortino | 5.44 | - | - |
| Treynor | 0.20 | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.57% | 1.27% | - | - |
| Beta | 0.19 | 0.13 | - | - |
| Alpha | 0.04 | 0.06 | - | - |
| Rsquared | 0.23% | 0.27% | - | - |
| Sharpe | 1.56 | 1.97 | - | - |
| Sortino | 1.87 | 5.44 | - | - |
| Treynor | 0.13 | 0.20 | - | - |
| Tax Efficiency | 38.92% | - | - | - |
Fund Details
| Start Date | November 21, 2022 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $205 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ATL5056 |
Investment Objectives
To provide a positive total net return over a full market cycle, regardless of general market direction, by investing primarily in long and short positions in North American corporate and government fixed-income securities. The Fund may engage in physical short sales, borrowing and/or derivatives for investment purposes. The Fund’s aggregate exposure shall not exceed limits on the use of gross exposure or as otherwise permitted under applicable securities legislation.
Investment Strategy
To achieve its investment objectives, the Fund: will use both long and short positioning in a variety of corporate and government instruments. Strategies based on both fundamental credit and macroeconomic views of the Portfolio Advisor as well as systematic strategies may be used to generate positions in credit risk premiums using leverage. Other strategies may include long-short positions within an individual issuer’s debt capital structure.
Portfolio Management
| Portfolio Manager |
CIBC Asset Management Inc. |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
CIBC Asset Management Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
TSX Trust Company |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 1.53% |
|---|---|
| Management Fee | 1.20% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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