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Global Fixed Income
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2018, 2014, 2013
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|
NAVPS (06-14-2024) |
$9.47 |
|---|---|
| Change |
$0.03
(0.33%)
|
As at May 31, 2024
As at May 31, 2024
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Inception Return (September 26, 1994): 2.77%
| 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 |
| 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% |
10.38% (January 2015)
-4.42% (November 2016)
| 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 |
10.43% (2014)
-13.44% (2022)
| 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 |
| Name | Percent |
|---|---|
| Fixed Income | 96.84 |
| Cash and Cash Equivalent | 6.74 |
| Other | -3.58 |
| 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 |
| 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 |
CIBC Global Bond Fund Class A
Median
Other - Global Fixed Income
| 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 |
|
|
|
| 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% | - | - | - |
| 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 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CIB490 |
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.
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.
| Name | Start Date |
|---|---|
| CIBC Asset Management Inc. | 09-20-2019 |
| 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 |
| 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 |
| 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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