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Financial Services Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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Fundata ESG GradeA Click for more information on Fundata’s ESG Grade

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-15-2024)
$38.51
Change
-$0.23 (-0.60%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

CIBC Financial Companies Fund Class A

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Fund Returns

Inception Return (September 22, 1997): 5.93%

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 3.60% 0.81% -3.90% 8.22% 19.36% 2.22% 6.03% 14.74% 7.41% 5.90% 5.99% 8.06% 6.65% 6.92%
Benchmark 3.76% 9.87% 21.36% 9.87% 25.68% 9.80% 9.79% 15.54% 8.54% 7.15% 7.88% 9.74% 7.73% 8.93%
Category Average 5.09% 20.74% 20.74% 8.28% 21.50% 4.12% 6.40% 16.72% 8.69% 6.85% 7.60% 9.48% 7.82% 8.14%
Category Rank 58 / 77 38 / 76 26 / 76 38 / 76 37 / 71 32 / 60 36 / 57 29 / 52 35 / 52 33 / 47 29 / 42 29 / 34 26 / 34 27 / 32
Quartile Ranking 4 2 2 2 3 3 3 3 3 3 3 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 2.19% -4.62% 4.91% 3.14% -3.55% -2.58% -3.90% 9.43% 5.84% 0.81% 3.62% 3.60%
Benchmark 3.42% -3.87% 2.93% 4.62% -0.85% -2.45% -0.85% 7.51% 3.63% 1.30% 4.53% 3.76%

Best Monthly Return Since Inception

16.62% (February 2000)

Worst Monthly Return Since Inception

-26.33% (August 1998)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 12.91% -1.58% 17.14% 13.63% -13.19% 21.99% -4.30% 28.94% -10.90% 7.79%
Benchmark 14.35% 14.20% 6.34% 15.24% -4.99% 19.43% -5.24% 22.05% -5.68% 13.41%
Category Average 10.01% 6.19% 11.10% 15.65% -8.72% 20.37% 0.17% 28.60% -10.67% 9.26%
Quartile Ranking 1 3 2 2 4 2 3 3 3 3
Category Rank 5/ 31 21/ 34 17/ 34 21/ 42 41/ 46 16/ 50 39/ 52 34/ 57 29/ 57 46/ 66

Best Calendar Return (Last 10 years)

28.94% (2021)

Worst Calendar Return (Last 10 years)

-13.19% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 55.28
US Equity 42.67
International Equity 1.09
Cash and Equivalents 0.96

Sector Allocation

Sector Allocation
Name Percent
Financial Services 98.15
Cash and Cash Equivalent 0.96
Industrial Services 0.89

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.91
Asia 1.09

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 8.89
Toronto-Dominion Bank 7.71
Bank of Montreal 7.60
Berkshire Hathaway Inc Cl B 7.02
Bank of Nova Scotia 6.12
Canadian Imperial Bank of Commerce 5.89
Visa Inc Cl A 5.66
Brookfield Corp Cl A 5.18
Mastercard Inc Cl A 4.71
Manulife Financial Corp 4.39

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

CIBC Financial Companies Fund Class A

Median

Other - Financial Services Equity

3 Yr Annualized

Standard Deviation 16.52% 19.13% 15.82%
Beta 1.17% 1.16% 1.02%
Alpha -0.05% -0.02% -0.02%
Rsquared 0.89% 0.92% 0.77%
Sharpe 0.28% 0.37% 0.42%
Sortino 0.37% 0.44% 0.44%
Treynor 0.04% 0.06% 0.06%
Tax Efficiency 98.69% 99.16% 98.59%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 15.30% 16.52% 19.13% 15.82%
Beta 1.24% 1.17% 1.16% 1.02%
Alpha -0.10% -0.05% -0.02% -0.02%
Rsquared 0.88% 0.89% 0.92% 0.77%
Sharpe 0.92% 0.28% 0.37% 0.42%
Sortino 2.00% 0.37% 0.44% 0.44%
Treynor 0.11% 0.04% 0.06% 0.06%
Tax Efficiency 98.72% 98.69% 99.16% 98.59%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

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 Annual
Assets ($mil) $166

Fund Codes

FundServ Code Load Code Sales Status
CIB505

Investment Objectives

To provide long-term growth through capital appreciation by investing primarily in companies involved in the Canadian financial services industry.

Investment Strategy

To achieve its investment objectives, the Fund: identifies stocks and sub-sectors of the financial services industry, real estate investment trust units and real estate stocks that are expected to outperform over upcoming periods. Adjustments to the portfolio are based on a review of macroeconomic trends and themes, and research that identifies stocks that exhibit strong earnings growth potential that trade at reasonable value in the market.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 09-24-2019

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, 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 2.14%
Management Fee 1.75%
Load No Load
FE Max -
DSC Max -
LL Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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