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CIBC Multi-Asset Absolute Return Strategy Series A

Alternative Multi-Stratgy

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(07-18-2024)
$10.09
Change
-$0.03 (-0.33%)

As at June 30, 2024

As at June 30, 2024

Period
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Legend

CIBC Multi-Asset Absolute Return Strategy Series A

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Fund Returns

Inception Return (October 22, 2018): 0.66%

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 -1.88% -0.51% 5.03% 5.03% 11.11% 3.86% -2.19% -0.89% 0.22% - - - - -
Benchmark -1.42% -0.53% 6.05% 6.05% 12.13% 11.27% 5.98% 12.35% 9.28% 8.36% 8.65% 8.95% 7.89% 6.95%
Category Average -0.08% 3.64% 3.64% 3.64% 7.12% 4.37% 1.46% 3.92% 3.01% - - - - -
Category Rank 90 / 103 70 / 102 44 / 98 44 / 98 22 / 95 43 / 74 57 / 60 47 / 50 37 / 42 - - - - -
Quartile Ranking 4 3 2 2 1 3 4 4 4 - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.89% -0.61% 1.52% 3.32% 0.95% -0.36% 2.31% 2.15% 1.01% -0.04% 1.44% -1.88%
Benchmark 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42%

Best Monthly Return Since Inception

3.76% (March 2020)

Worst Monthly Return Since Inception

-3.71% (February 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 0.70% 7.34% -0.27% -12.25% 3.14%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 4.04% 6.86% -5.49% 4.47%
Quartile Ranking - - - - - 3 3 4 4 3
Category Rank - - - - - 13/ 23 24/ 44 49/ 55 61/ 68 49/ 88

Best Calendar Return (Last 10 years)

7.34% (2020)

Worst Calendar Return (Last 10 years)

-12.25% (2022)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 95.03
Foreign Corporate Bonds 4.66
Foreign Government Bonds 2.33
International Equity 0.07
Canadian Equity 0.01
Other -2.10

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 95.03
Fixed Income 6.95
Technology 0.03
Exchange Traded Fund 0.01
Other -2.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.01
Latin America 4.37
Africa and Middle East 2.42
Europe 1.74
Asia -4.52
Other -2.02

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 5.37
IRS R CNRR007 Index P 2.0975 5.09
King Street Funding Trust 10-Jul-2024 4.68
Zeus Receivables Trust 15-Oct-2024 4.06
Pure Grove Funding 04-Sep-2024 3.58
Sumitomo Mitsui Banking Corp 25-Jul-2024 3.57
Plaza Trust 20-Sep-2024 3.46
Storm King Funding 13-Aug-2024 3.30
Merit Trust 25-Sep-2024 3.01
Macquarie Bank Ltd 30-Nov-2026 3.01

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

CIBC Multi-Asset Absolute Return Strategy Series A

Median

Other - Alternative Multi-Stratgy

3 Yr Annualized

Standard Deviation 5.76% 5.49% -
Beta 0.01% 0.02% -
Alpha -0.02% 0.00% -
Rsquared 0.00% 0.00% -
Sharpe -0.88% -0.31% -
Sortino -1.01% -0.60% -
Treynor -8.89% -0.80% -
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.97% 5.76% 5.49% -
Beta -0.01% 0.01% 0.02% -
Alpha 0.11% -0.02% 0.00% -
Rsquared 0.00% 0.00% 0.00% -
Sharpe 1.18% -0.88% -0.31% -
Sortino 3.21% -1.01% -0.60% -
Treynor -4.44% -8.89% -0.80% -
Tax Efficiency 100.00% - - -

Fund Details

Start Date October 22, 2018
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Semi Annual
Assets ($mil) $556

Fund Codes

FundServ Code Load Code Sales Status
ATL5012

Investment Objectives

The Fund seeks to achieve a positive absolute return that exceeds the return of the Government of Canada 91-day treasury bills over rolling three-year periods, regardless of prevailing economic conditions, by actively managing a diversified portfolio with direct and indirect exposure primarily to equity securities, fixed income securities, commodities, currencies, and derivatives investments.

Investment Strategy

The Portfolio Advisor identifies and pursues multiple investment ideas and opportunities across and within a wide range of asset classes. The investment strategies used by the Fund, and the amount of assets allocated among them, will change over time. To achieve its investment objectives, the Fund: seeks to achieve a positive absolute return by targeting, over rolling three-year periods, an annualized return of 5% in excess of the Government of Canada 91-day treasury bills.

Portfolio Manager(s)

Name Start Date
Patrick Bernes 10-22-2018
Luc De La Durantaye 10-22-2018
Francis Thivierge 10-22-2018

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 50
PAC Subsequent 0
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 50

Fees

MER 2.01%
Management Fee 1.70%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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