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CIBC Canadian Real Estate Fund Class A

Real Estate Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-22-2024)
$32.40
Change
$0.41 (1.28%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

CIBC Canadian Real Estate Fund Class A

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Fund Returns

Inception Return (September 22, 1997): 6.29%

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 1.67% 0.33% 11.42% 0.33% 3.55% -7.90% -0.01% 6.75% 2.04% 4.43% 3.65% 4.06% 3.62% 4.88%
Benchmark 2.80% 0.06% 14.73% 0.06% 8.93% -3.29% 3.38% 7.36% 1.37% 3.87% 3.14% 3.10% 3.30% 6.15%
Category Average 2.10% 12.36% 12.36% 0.79% 4.81% -5.98% 1.05% 5.52% 1.26% 3.30% 3.15% 3.14% 2.89% 4.90%
Category Rank 79 / 138 100 / 138 105 / 138 100 / 138 102 / 133 110 / 131 101 / 123 27 / 117 53 / 115 27 / 99 47 / 94 33 / 93 37 / 81 55 / 74
Quartile Ranking 3 3 4 3 4 4 4 1 2 2 2 2 2 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.15% -3.97% 2.41% 1.50% -2.57% -5.53% -6.04% 8.61% 8.82% -0.80% -0.52% 1.67%
Benchmark 2.01% -3.76% 0.71% 3.22% -0.62% -6.39% -2.07% 8.53% 7.88% -3.79% 1.17% 2.80%

Best Monthly Return Since Inception

11.48% (November 2020)

Worst Monthly Return Since Inception

-21.19% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 13.61% 2.34% 10.60% 3.45% -0.19% 21.71% -2.47% 30.95% -24.74% 8.06%
Benchmark 30.89% 21.00% 1.59% 1.40% 2.74% 15.42% -11.04% 30.68% -19.44% 10.39%
Category Average 20.48% 11.96% 1.20% 5.38% 0.16% 19.52% -6.93% 27.77% -21.53% 6.48%
Quartile Ranking 4 4 1 4 3 2 1 2 4 2
Category Rank 67/ 74 71/ 79 14/ 93 76/ 94 71/ 99 32/ 107 9/ 117 47/ 123 111/ 123 45/ 133

Best Calendar Return (Last 10 years)

30.95% (2021)

Worst Calendar Return (Last 10 years)

-24.74% (2022)

Asset Allocation

Asset Allocation
Name Percent
Income Trust Units 58.78
US Equity 22.14
Canadian Equity 17.56
Cash and Equivalents 1.52

Sector Allocation

Sector Allocation
Name Percent
Real Estate 86.83
Financial Services 5.88
Healthcare 5.28
Cash and Cash Equivalent 1.51
Other 0.50

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Granite REIT - Units 7.30
Canadian Apartment Properties REIT - Units 6.74
Chartwell Retirement Residences - Units 5.28
InterRent REIT - Units 5.07
Choice Properties REIT - Units 5.04
First Capital REIT - Units 5.02
Brookfield Corp Cl A 4.86
Boardwalk REIT - Units 4.69
Colliers International Group Inc 4.04
Killam Apartment REIT - Units Cl A 3.94

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 Canadian Real Estate Fund Class A

Median

Other - Real Estate Equity

3 Yr Annualized

Standard Deviation 18.34% 18.64% 14.55%
Beta 1.03% 1.03% 0.82%
Alpha -0.03% 0.01% 0.00%
Rsquared 0.86% 0.87% 0.74%
Sharpe -0.05% 0.10% 0.31%
Sortino -0.11% 0.06% 0.27%
Treynor -0.01% 0.02% 0.05%
Tax Efficiency - 55.90% 86.02%
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 16.60% 18.34% 18.64% 14.55%
Beta 0.97% 1.03% 1.03% 0.82%
Alpha -0.05% -0.03% 0.01% 0.00%
Rsquared 0.85% 0.86% 0.87% 0.74%
Sharpe 0.00% -0.05% 0.10% 0.31%
Sortino 0.17% -0.11% 0.06% 0.27%
Treynor 0.00% -0.01% 0.02% 0.05%
Tax Efficiency 77.19% - 55.90% 86.02%

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) $38

Fund Codes

FundServ Code Load Code Sales Status
CIB506

Investment Objectives

To provide long-term growth through capital appreciation by investing primarily in the Canadian real estate industry. We will not change the Fund’s fundamental investment objectives without the consent of unitholders by a majority of votes cast at a meeting of unitholders.

Investment Strategy

To achieve its investment objectives, the Fund: uses a bottom-up security approach for company selection based on an assessment of the quality of properties owned and an evaluation of management’s track record. The approach identifies securities that are undervalued versus their peers based on established parameters such as price/earnings, price/cash flow, price/book value, etc. The Fund will invest primarily in real estate investment trust units and publicly-traded Canadian real estate stocks;.

Portfolio Manager(s)

Name Start Date
Lincluden Investment Management 03-11-2020
CIBC Asset Management Inc. 03-11-2020

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 2.33%
Management Fee 1.80%
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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