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CIBC Smart Balanced Income Solution Series A

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Canadian Fix Inc Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(04-30-2024) 		$10.92
Change
-$0.05 (-0.43%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

CIBC Smart Balanced Income Solution Series A

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Fund Returns

Inception Return (January 21, 2019): 3.38%

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 1.41% 2.77% 9.52% 2.77% 8.14% 2.94% 1.53% 4.35% 2.89% - - - - -
Benchmark 1.39% 0.66% 8.93% 0.66% 4.90% 0.98% 1.16% 3.50% 2.76% 3.30% 3.07% 3.37% 2.86% 3.53%
Category Average 1.32% 9.28% 9.28% 1.80% 5.85% 1.44% 1.04% 3.71% 2.41% 2.60% 2.45% 2.80% 2.28% 2.78%
Category Rank 147 / 420 96 / 419 185 / 417 96 / 419 74 / 417 89 / 409 142 / 376 147 / 353 134 / 336 - - - - -
Quartile Ranking 2 1 2 1 1 1 2 2 2 - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.15% -1.48% 1.21% 0.67% -0.37% -2.40% -0.57% 4.36% 2.70% -0.06% 1.40% 1.41%
Benchmark 1.40% -2.45% 0.81% -0.16% -0.48% -2.80% -0.48% 5.03% 3.54% -0.88% 0.16% 1.39%

Best Monthly Return Since Inception

5.01% (April 2020)

Worst Monthly Return Since Inception

-5.88% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 7.66% 3.17% -10.51% 9.05%
Benchmark 9.52% 0.56% 6.19% 4.30% -1.25% 10.87% 8.35% 3.73% -9.93% 7.79%
Category Average 6.62% 1.24% 4.06% 3.92% -2.19% 9.07% 6.42% 3.91% -9.95% 7.21%
Quartile Ranking - - - - - - 2 3 3 1
Category Rank - - - - - - 123/ 352 253/ 375 247/ 391 60/ 415

Best Calendar Return (Last 10 years)

9.05% (2023)

Worst Calendar Return (Last 10 years)

-10.51% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 18.61
Canadian Government Bonds 17.31
International Equity 13.47
US Equity 12.98
Canadian Equity 10.69
Other 26.94

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 57.34
Financial Services 7.16
Technology 5.39
Cash and Cash Equivalent 5.33
Mutual Fund 4.73
Other 20.05

Geographic Allocation

Geographic Allocation
Name Percent
North America 76.91
Europe 10.72
Asia 8.15
Multi-National 2.76
Latin America 0.72
Other 0.74

Top Holdings

Top Holdings
Name Percent
CIBC Canadian Bond Index Fund Class O 11.31
CIBC Active Inv Grade Corporate Bond ETF (CACB) 10.20
CIBC Canadian Bond Fund Class A 10.20
CIBC International Equity Fund Class O 6.30
CIBC U.S. Equity Fund Class A 5.82
CIBC Glo Bond ex-Canada Index ETF C$H (CGBI) 5.75
CIBC Global Bond Fund Class A 5.53
CIBC U.S. Broad Market Index Fund Class A 4.51
CIBC Canadian Index Fund Class A 3.98
CIBC International Index Fund Class O 3.71

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

CIBC Smart Balanced Income Solution Series A

Median

Other - Canadian Fix Inc Balanced

3 Yr Annualized

Standard Deviation 7.17% 7.02% -
Beta 0.93% 0.92% -
Alpha 0.00% 0.00% -
Rsquared 0.94% 0.93% -
Sharpe -0.12% 0.17% -
Sortino -0.24% 0.02% -
Treynor -0.01% 0.01% -
Tax Efficiency 66.85% - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 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 6.31% 7.17% 7.02% -
Beta 0.79% 0.93% 0.92% -
Alpha 0.04% 0.00% 0.00% -
Rsquared 0.94% 0.94% 0.93% -
Sharpe 0.52% -0.12% 0.17% -
Sortino 1.51% -0.24% 0.02% -
Treynor 0.04% -0.01% 0.01% -
Tax Efficiency 91.91% 66.85% - -

Fund Details

Start Date January 21, 2019
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $3,035

Fund Codes

FundServ Code Load Code Sales Status
CIB220

Investment Objectives

The Portfolio will primarily focus on generating regular income, with a secondary focus on long-term capital growth by investing in a diverse mix of Canadian and global fixed income and equity mutual funds, and exchange-traded funds.

Investment Strategy

To achieve its investment objectives, the Portfolio: will under normal market conditions, employ a disciplined long-term strategic asset allocation approach as the principal investment strategy; will invest up to 100% of the Portfolio’s assets in its Underlying Funds, that include mutual funds and exchange-traded funds, allocated to a target asset mix weight that will generally provide exposure to 60% fixed income securities and 40% equity securities.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 01-21-2019

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

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 1.67%
Management Fee 1.55%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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