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CIBC Canadian Bond Index Fund Class A

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Canadian Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(12-19-2024) 		$9.96
Change
-$0.08 (-0.80%)

As at November 30, 2024

As at November 30, 2024

Period
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Legend

CIBC Canadian Bond Index Fund Class A

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Fund Returns

Inception Return (September 22, 1997): 3.50%

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 1.62% 2.31% 5.96% 3.94% 7.43% 3.89% -0.84% -1.89% -0.34% 1.06% 0.72% 0.82% 0.97% 1.06%
Benchmark 1.51% 2.25% 8.10% 4.64% 8.22% 4.86% 0.01% -0.96% 0.66% 2.03% 1.69% 1.78% 1.96% 2.06%
Category Average 1.56% 2.28% 6.05% 4.52% 8.27% 4.63% -0.37% -1.20% 0.30% 1.59% 1.12% 1.23% 1.37% 1.30%
Category Rank 382 / 666 473 / 659 496 / 639 574 / 630 564 / 628 571 / 605 532 / 589 534 / 560 504 / 528 454 / 490 402 / 446 379 / 422 337 / 372 305 / 343
Quartile Ranking 3 3 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 3.36% -1.47% -0.41% 0.41% -2.07% 1.66% 1.05% 2.25% 0.24% 1.85% -1.14% 1.62%
Benchmark 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98% 2.14% 0.52% 1.82% -1.07% 1.51%

Best Monthly Return Since Inception

4.53% (January 2015)

Worst Monthly Return Since Inception

-3.56% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.73% 2.42% 0.61% 1.60% 0.38% 5.67% 7.80% -3.74% -12.61% 5.68%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking 2 2 4 3 3 4 4 4 4 4
Category Rank 131/ 315 155/ 345 342/ 379 289/ 425 274/ 451 387/ 499 418/ 529 535/ 560 485/ 590 516/ 605

Best Calendar Return (Last 10 years)

7.80% (2020)

Worst Calendar Return (Last 10 years)

-12.61% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 69.98
Canadian Corporate Bonds 26.75
Foreign Government Bonds 2.24
Cash and Equivalents 0.76
Canadian Bonds - Other 0.16
Other 0.11

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 99.15
Cash and Cash Equivalent 0.76
Financial Services 0.08
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.03
Asia 0.98
Other -0.01

Top Holdings

Top Holdings
Name Percent
Canada Housing Trust No 1 1.75% 15-Jun-2030 3.87
Canada Government 1.75% 01-Dec-2053 2.58
Canada Government 3.25% 01-Sep-2028 2.23
Canada Government 2.00% 01-Dec-2051 1.98
Canada Housing Trust No 1 1.95% 15-Dec-2025 1.95
Canada Government 0.25% 01-Mar-2026 1.78
Canada Housing Trust No 1 1.55% 15-Dec-2026 1.71
Canada Government 5.75% 01-Jun-2033 1.43
Ontario Province 5.60% 02-Jun-2035 1.35
Ontario Province 2.65% 02-Dec-2050 1.29

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

CIBC Canadian Bond Index Fund Class A

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.40% 6.56% 5.38%
Beta 1.02% 1.00% 0.98%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.95% 0.96% 0.96%
Sharpe -0.56% -0.37% -0.08%
Sortino -0.64% -0.63% -0.45%
Treynor -0.04% -0.02% 0.00%
Tax Efficiency - - 25.86%
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 1 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 5.71% 7.40% 6.56% 5.38%
Beta 0.86% 1.02% 1.00% 0.98%
Alpha 0.00% -0.01% -0.01% -0.01%
Rsquared 0.80% 0.95% 0.96% 0.96%
Sharpe 0.50% -0.56% -0.37% -0.08%
Sortino 1.33% -0.64% -0.63% -0.45%
Treynor 0.03% -0.04% -0.02% 0.00%
Tax Efficiency 88.76% - - 25.86%

Fund Details

Start Date September 22, 1997
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $1,514

Fund Codes

FundServ Code Load Code Sales Status
CIB503

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 FTSE Canada Universe Bond Index. The FTSE Canada Universe Bond Index is comprised of more than 900 marketable Canadian bonds intended to reflect the performance of the broad Canadian investment-grade bond market.

Investment Strategy

To achieve its investment objectives, the Fund: uses passive management strategies to create a portfolio with characteristics similar to the FTSE Canada Universe Bond Index, allowing the Fund to obtain a return that approximates the performance of that index; may invest in securities of foreign issuers denominated in Canadian dollars to an extent that will vary from time to time but is not generally expected to exceed 5% of the NAV of the Fund.

Portfolio Manager(s)

Name Start Date
John W. Braive 12-23-2020
Jacques Prevost 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 1.17%
Management Fee 1.00%
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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