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CIBC Global Bond Fund Class A

Global Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2018, 2014, 2013

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NAVPS
(06-12-2024)
$9.43
Change
$0.04 (0.41%)

As at May 31, 2024

As at May 31, 2024

Period
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Legend

CIBC Global Bond Fund Class A

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Fund Returns

Inception Return (September 26, 1994): 2.77%

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 0.54% -0.73% 0.85% -2.02% 0.70% -0.96% -3.65% -3.19% -2.17% -1.32% -1.59% -0.55% -0.05% 0.74%
Benchmark 0.00% -0.84% 0.62% -0.82% 0.03% 1.24% -2.50% -4.40% -1.98% -0.42% -0.71% -0.15% 0.99% 1.76%
Category Average 1.16% 2.23% 2.23% -0.81% 2.43% 0.70% -2.13% -1.19% -0.21% 0.49% 0.25% 0.66% 0.84% 1.06%
Category Rank 487 / 543 494 / 539 495 / 536 486 / 536 427 / 490 388 / 440 313 / 356 232 / 293 209 / 245 188 / 209 146 / 173 99 / 150 94 / 122 69 / 105
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 3 4 3

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund -0.19% -0.16% -0.33% -1.95% -0.55% 3.09% 2.93% -0.52% -0.80% 0.67% -1.92% 0.54%
Benchmark -2.61% -0.13% 1.51% -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40% -1.24% 0.00%

Best Monthly Return Since Inception

10.38% (January 2015)

Worst Monthly Return Since Inception

-4.42% (November 2016)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 10.43% 8.62% -0.43% 3.41% 2.36% 1.82% 4.14% -4.38% -13.44% 5.50%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking 1 2 3 1 2 3 4 4 4 2
Category Rank 7/ 98 56/ 120 75/ 132 29/ 163 83/ 191 169/ 234 229/ 268 244/ 325 329/ 392 225/ 472

Best Calendar Return (Last 10 years)

10.43% (2014)

Worst Calendar Return (Last 10 years)

-13.44% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 93.30
Cash and Equivalents 6.74
Foreign Corporate Bonds 3.53
Canadian Government Bonds 0.01
Derivatives -3.58

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.84
Cash and Cash Equivalent 6.74
Other -3.58

Geographic Allocation

Geographic Allocation
Name Percent
North America 45.27
Europe 34.30
Asia 20.92
Africa and Middle East 1.53
Latin America 1.14
Other -3.16

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.00% 31-Oct-2025 5.47
United States Treasury 1.38% 31-Oct-2028 4.53
United States Treasury 2.88% 15-May-2032 4.11
United States Treasury 2.25% 15-Aug-2027 3.82
China Government 2.35% 15-Mar-2025 3.58
IRS P WIBR6M Index R 5.125 5.13% 05-Apr-2034 3.53
United States Treasury 1.38% 15-Nov-2031 3.49
United States Treasury 1.75% 15-Nov-2029 2.30
Canada Government 0.00% 29-Aug-2024 2.26
Spain Government 1.50% 30-Apr-2027 2.14

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

CIBC Global Bond Fund Class A

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 5.84% 6.00% 6.96%
Beta 0.66% 0.47% 0.65%
Alpha -0.02% -0.01% 0.00%
Rsquared 0.61% 0.28% 0.51%
Sharpe -1.10% -0.68% -0.07%
Sortino -1.31% -1.03% -0.43%
Treynor -0.10% -0.09% -0.01%
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.50% 5.84% 6.00% 6.96%
Beta 0.65% 0.66% 0.47% 0.65%
Alpha 0.01% -0.02% -0.01% 0.00%
Rsquared 0.48% 0.61% 0.28% 0.51%
Sharpe -0.73% -1.10% -0.68% -0.07%
Sortino -0.61% -1.31% -1.03% -0.43%
Treynor -0.06% -0.10% -0.09% -0.01%
Tax Efficiency 49.70% - - -

Fund Details

Start Date September 26, 1994
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $760

Fund Codes

FundServ Code Load Code Sales Status
CIB490

Investment Objectives

To provide a high level of income and some capital growth while attempting to preserve capital, by investing primarily in debt securities denominated in foreign currencies issued by Canadian or non-Canadian governments or corporations, and international agencies such as the International Bank for Reconstruction and Development, also known as the World Bank.

Investment Strategy

To achieve its investment objectives, the Fund: takes a measured approach to active country, curve and currency investing, supported by macroeconomic regime assessments and fundamental country research to determine, and consistently adjust for, optimal portfolio positioning; uses a currency overlay to add value by investing in countries with attractive carry, value, momentum, and cycle factors.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 09-20-2019

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 1.24%
Management Fee 1.00%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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