Join Fund Library now and get free access to personalized features to help you manage your investments.

Add to My Watchlist

Canadian Money Market

NAVPS
(04-15-2024)
$10.00
Change
$0.00 (0.04%)

As at March 31, 2024

As at March 31, 2024

Period
Loading...

Legend

CIBC Money Market Fund Class A

Compare Options


Fund Returns

Inception Return (November 30, 1988): 2.94%

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 0.37% 0.44% 0.43% 1.21% 4.87% 3.87% 2.60% 2.00% 1.85% 1.75% 1.58% 1.42% 1.29% 1.22%
Benchmark 0.40% 1.21% 2.46% 1.21% 4.85% 3.91% 2.64% 2.02% 1.95% 1.87% 1.72% 1.56% 1.45% 1.39%
Category Average 0.33% 2.22% 2.22% 1.06% 4.21% 3.17% 2.06% 1.59% 1.48% 1.39% 1.25% 1.11% 1.01% 0.93%
Category Rank 109 / 235 78 / 233 77 / 232 78 / 233 67 / 219 58 / 207 59 / 200 59 / 190 51 / 174 52 / 159 53 / 154 53 / 151 54 / 145 50 / 139
Quartile Ranking 2 2 2 2 2 2 2 2 2 2 2 2 2 2

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.36% 0.42% 0.38% 0.40% 0.40% 0.38% 0.43% 0.40% 0.39% 0.44% 0.39% 0.37%
Benchmark 0.35% 0.36% 0.37% 0.40% 0.41% 0.41% 0.41% 0.41% 0.41% 0.40% 0.40% 0.40%

Best Monthly Return Since Inception

1.10% (July 1990)

Worst Monthly Return Since Inception

0.00% (December 1988)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.66% 0.32% 0.24% 0.44% 1.12% 1.32% 0.49% 0.10% 1.74% 4.81%
Benchmark 0.91% 0.55% 0.50% 0.65% 1.34% 1.66% 0.56% 0.11% 1.95% 4.71%
Category Average 0.30% 0.02% 0.24% 0.35% 0.69% 1.20% 0.45% -0.11% 1.13% 4.06%
Quartile Ranking 2 3 3 2 2 3 3 2 2 2
Category Rank 58/ 139 75/ 144 75/ 148 72/ 154 76/ 158 100/ 174 94/ 187 84/ 200 71/ 204 59/ 211

Best Calendar Return (Last 10 years)

4.81% (2023)

Worst Calendar Return (Last 10 years)

0.10% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 99.13
Canadian Corporate Bonds 0.87

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 99.13
Fixed Income 0.87

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Merit Trust 0.00% 02-Apr-2024 3.30
Bay Street Funding Trust 0.00% 07-Aug-2024 2.41
Banner Trust 0.00% 02-Apr-2024 2.27
Fusion Trust 0.00% 30-May-2024 2.19
BANNER TRUST 2.15
MERIT TRUST 2.15
PRIME TRUST 2.15
ZEUS RECEIVABLES TRUST 2.15
9063-8925 Quebec Inc 0.00% 02-Apr-2024 2.15
Zeus Receivables Trust 0.00% 02-Apr-2024 2.15

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

CIBC Money Market Fund Class A

Median

Other - Canadian Money Market

3 Yr Annualized

Standard Deviation 0.62% 0.55% 0.44%
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino -0.82% -1.98% -2.75%
Treynor - - -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 0.09% 0.62% 0.55% 0.44%
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - -0.82% -1.98% -2.75%
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date November 30, 1988
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2,773

Fund Codes

FundServ Code Load Code Sales Status
CIB480

Investment Objectives

To maximize interest income while attempting to preserve capital and maintain liquidity by investing primarily in high-quality, short-term debt securities issued by the Government of Canada or any Canadian provincial government, obligations of Canadian banks and trust companies, and commercial paper with an approved credit rating.

Investment Strategy

To achieve its investment objectives, the Fund: strives to maintain a NAV per unit of $10 by allocating income daily and distributing it monthly but the NAV per unit may fluctuate; adjusts the Fund’s term-to-maturity to reflect the portfolio advisor’s outlook for interest rates (short average term if rates are expected to rise and long average term if rates are expected to fall).

Portfolio Manager(s)

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

Join Fund Library now and get free access to personalized features to help you manage your investments.