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CIBC European Index Fund Class A

European 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
(05-24-2024)
$14.79
Change
$0.02 (0.12%)

As at April 30, 2024

As at April 30, 2024

As at February 29, 2024

Period
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Legend

CIBC European Index Fund Class A

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Fund Returns

Inception Return (September 22, 1998): 3.63%

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 -0.94% 5.79% 16.40% 6.15% 7.37% 12.84% 6.79% 11.00% 6.10% 5.20% 5.19% 6.87% 5.24% 5.21%
Benchmark -0.53% 6.04% 18.33% 6.72% 8.98% 13.20% 7.07% 11.92% 7.10% 6.12% 6.28% 8.02% 6.42% 6.50%
Category Average -1.47% 16.25% 16.25% 4.09% 6.81% 9.59% 2.77% 8.55% 4.18% 3.33% 3.57% 4.85% 3.97% 4.07%
Category Rank 45 / 106 33 / 106 59 / 106 36 / 106 56 / 106 34 / 106 29 / 105 36 / 103 40 / 103 38 / 96 32 / 92 27 / 80 25 / 72 25 / 66
Quartile Ranking 2 2 3 2 3 2 2 2 2 2 2 2 2 2

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -5.22% 1.74% 2.06% -1.67% -3.73% -0.98% 6.91% 2.56% 0.34% 3.22% 3.46% -0.94%
Benchmark -5.65% 2.01% 2.73% -1.44% -4.13% -1.41% 7.87% 2.78% 0.64% 2.87% 3.63% -0.53%

Best Monthly Return Since Inception

13.38% (November 2020)

Worst Monthly Return Since Inception

-13.55% (September 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.90% 14.80% -4.46% 16.26% -7.95% 16.23% 2.04% 14.19% -9.42% 15.94%
Benchmark 3.06% 17.20% -3.54% 18.15% -7.68% 19.54% 3.59% 15.26% -10.82% 17.51%
Category Average -0.81% 17.33% -5.77% 14.98% -9.04% 15.21% 3.84% 11.84% -15.77% 16.91%
Quartile Ranking 2 4 2 2 2 3 3 2 1 3
Category Rank 25/ 62 62/ 72 32/ 76 42/ 87 36/ 95 60/ 100 70/ 103 39/ 105 25/ 106 70/ 106

Best Calendar Return (Last 10 years)

16.26% (2017)

Worst Calendar Return (Last 10 years)

-9.42% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 99.84
Cash and Equivalents 0.20
Income Trust Units 0.09
US Equity 0.01
Foreign Corporate Bonds 0.01
Other -0.15

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 17.94
Financial Services 17.89
Healthcare 14.95
Industrial Goods 10.45
Technology 8.54
Other 30.23

Geographic Allocation

Geographic Allocation
Name Percent
Europe 99.24
North America 0.17
Other 0.59

Top Holdings

Top Holdings
Name Percent
Novo Nordisk A/S Cl B 3.76
ASML Holding NV 3.17
iShares Europe ETF (IEV) 3.03
Nestle SA Cl N 2.46
AstraZeneca PLC 2.11
Shell PLC 2.08
LVMH Moet Hennessy Louis Vuitton SE 2.04
Novartis AG Cl N 1.79
Sap SE 1.70
Roche Holding AG - Partcptn 1.52

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 European Index Fund Class A

Median

Other - European Equity

3 Yr Annualized

Standard Deviation 14.68% 15.34% 13.61%
Beta 0.98% 0.99% 0.98%
Alpha 0.00% -0.01% -0.01%
Rsquared 0.97% 0.98% 0.98%
Sharpe 0.33% 0.33% 0.34%
Sortino 0.50% 0.40% 0.33%
Treynor 0.05% 0.05% 0.05%
Tax Efficiency 88.47% 87.26% 84.72%
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 11.67% 14.68% 15.34% 13.61%
Beta 0.91% 0.98% 0.99% 0.98%
Alpha -0.01% 0.00% -0.01% -0.01%
Rsquared 0.99% 0.97% 0.98% 0.98%
Sharpe 0.25% 0.33% 0.33% 0.34%
Sortino 0.66% 0.50% 0.40% 0.33%
Treynor 0.03% 0.05% 0.05% 0.05%
Tax Efficiency 87.68% 88.47% 87.26% 84.72%

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, 1998
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $74

Fund Codes

FundServ Code Load Code Sales Status
CIB513

Investment Objectives

To provide long-term growth through capital appreciation. The Fund is managed to obtain a return that approximates the performance of the MSCI Europe Index. The MSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance in Europe. It consists of 16 countries in Europe.

Investment Strategy

To achieve its investment objectives, the Fund: uses passive management strategies to create a portfolio with characteristics similar to the MSCI Europe Index, allowing the Fund to obtain a return that approximates the performance of that index in Canadian dollars; may use derivatives such as options, futures, forward contracts, swaps, and other similar instruments, in a manner considered appropriate to achieving the Fund’s investment objectives.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 06-09-2006

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 1.25%
Management Fee 1.20%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.25%
Trailer Fee Max (LL) -

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