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CIBC Ultra Short-Term Income Private Pool Premium Class

Cdn Short Term Fixed Inc

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(06-13-2024)
$8.54
Change
$0.00 (0.01%)

As at May 31, 2024

As at May 31, 2024

Period
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Legend

CIBC Ultra Short-Term Income Private Pool Premium Class

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Fund Returns

Inception Return (May 31, 2016): 1.25%

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 0.38% 1.15% 2.37% 1.97% 4.81% 4.15% 2.64% 1.80% 1.54% 1.53% 1.41% 1.25% - -
Benchmark 0.86% 1.00% 2.40% 0.91% 4.58% 2.58% 0.36% 0.62% 1.27% 1.72% 1.37% 1.41% 1.39% 1.57%
Category Average 0.77% 2.58% 2.58% 0.94% 4.50% 2.46% 0.17% 0.73% 1.05% 1.35% 1.06% 1.08% 0.98% 1.03%
Category Rank 296 / 318 92 / 315 194 / 282 57 / 282 132 / 272 36 / 260 18 / 244 42 / 229 91 / 221 119 / 207 87 / 195 101 / 180 - -
Quartile Ranking 4 2 3 1 2 1 1 1 2 3 2 3 - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.35% 0.41% 0.40% 0.38% 0.41% 0.40% 0.40% 0.42% 0.38% 0.35% 0.41% 0.38%
Benchmark -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86%

Best Monthly Return Since Inception

0.42% (January 2024)

Worst Monthly Return Since Inception

-0.29% (August 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 0.29% 1.25% 1.28% -0.39% -0.60% 1.50% 4.72%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking - - - 3 2 4 4 2 1 3
Category Rank - - - 100/ 182 87/ 202 212/ 218 228/ 228 87/ 234 5/ 248 171/ 262

Best Calendar Return (Last 10 years)

4.72% (2023)

Worst Calendar Return (Last 10 years)

-0.60% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 100.00

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 100.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
INTER PIPE INC DISC 6.83
NORTH WEST REDWATER DISC 6.83
Fusion Trust 0.00% 11-Jun-2024 6.83
ENBRIDGE GAS INC DISC NOTE 6.82
VOLKS CRED CDA INC DISCOUNT NOTE 6.82
BANNER TRUST DISC 5.13
ENBRIDGE PIPELINE DISC 5.11
STORM KING FDG TR DISC 5.11
MERIT TR SEN D CDS ZERO NT DISC 5.11
EQUITABLE BK DEP NT DISC 5.10

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

CIBC Ultra Short-Term Income Private Pool Premium Class

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 0.66% 0.69% -
Beta 0.10% 0.06% -
Alpha 0.03% 0.01% -
Rsquared 0.17% 0.04% -
Sharpe -0.41% -0.74% -
Sortino -0.69% -1.94% -
Treynor -0.03% -0.08% -
Tax Efficiency 40.94% 20.29% -
Volatility 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 0.08% 0.66% 0.69% -
Beta 0.00% 0.10% 0.06% -
Alpha 0.05% 0.03% 0.01% -
Rsquared 0.01% 0.17% 0.04% -
Sharpe -1.62% -0.41% -0.74% -
Sortino - -0.69% -1.94% -
Treynor -0.37% -0.03% -0.08% -
Tax Efficiency 48.43% 40.94% 20.29% -

Fund Details

Start Date May 31, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1

Fund Codes

FundServ Code Load Code Sales Status
ATL3423

Investment Objectives

The Pool seeks to obtain a high level of interest income while maintaining security of capital and liquidity by investing in primarily high-quality debt obligations of Canadian and U.S. issuers. We will not change the fundamental investment objectives of the Pool without notice to, or the consent of, unitholders by a majority of votes cast at a meeting of unitholders.

Investment Strategy

To achieve its investment objectives, the Pool: invests primarily in securities issued by the Government of Canada, provincial or territorial governments and their agencies, Canadian chartered banks, loan or trust companies, and Canadian corporations; may invest in commercial paper, bankers' acceptances, asset-backed commercial paper, and any other form of corporate indebtedness; invests in debt obligations with a term-to-maturity of up to three years.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 05-16-2016

Management and Organization

Fund Manager CIBC Asset Management Inc.
Advisor CIBC Asset Management Inc.
Custodian CIBC Mellon Trust Company
Registrar CIBC Asset Management Inc.
Distributor -
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 100,000
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 150,000
SWP Min Withdrawal 100

Fees

MER 0.56%
Management Fee 0.55%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.15%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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