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CIBC Global Monthly Income Fund Class A

Global Equity Balanced

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(06-21-2024)
$9.73
Change
$0.00 (0.01%)

As at May 31, 2024

As at May 31, 2024

Period
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Legend

CIBC Global Monthly Income Fund Class A

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Fund Returns

Inception Return (December 08, 2006): 4.05%

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 2.18% 1.34% 5.42% 3.08% 7.77% 4.44% 2.06% 4.83% 3.69% 4.03% 3.68% 4.51% 4.16% 4.58%
Benchmark 2.36% 2.96% 10.90% 8.45% 17.43% 12.10% 6.23% 8.49% 8.33% 7.62% 7.28% 8.43% 7.79% 8.78%
Category Average 2.47% 9.92% 9.92% 7.07% 14.47% 8.28% 3.98% 7.61% 6.51% 5.57% 5.21% 5.96% 5.10% 5.59%
Category Rank 842 / 1,369 1,144 / 1,366 1,350 / 1,361 1,352 / 1,365 1,294 / 1,302 1,225 / 1,270 994 / 1,128 984 / 1,068 1,001 / 1,045 816 / 909 783 / 862 693 / 777 551 / 637 473 / 553
Quartile Ranking 3 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 1.00% 0.56% -0.53% -3.41% -0.45% 5.24% 2.27% -0.01% 1.73% 1.53% -2.32% 2.18%
Benchmark 1.58% 2.43% 0.23% -3.90% -0.20% 5.87% 2.26% 1.06% 4.23% 2.30% -1.69% 2.36%

Best Monthly Return Since Inception

6.78% (November 2020)

Worst Monthly Return Since Inception

-9.97% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 9.25% 5.43% 4.18% 7.84% -2.19% 14.68% 3.27% 12.34% -10.95% 7.43%
Benchmark 13.13% 17.03% 3.66% 11.99% 0.72% 16.29% 12.17% 11.33% -12.03% 15.07%
Category Average 7.89% 4.87% 4.92% 9.31% -5.49% 15.12% 8.09% 12.42% -11.85% 11.42%
Quartile Ranking 2 3 3 4 1 3 4 3 2 4
Category Rank 258/ 538 385/ 611 444/ 712 626/ 807 169/ 887 603/ 971 956/ 1,065 577/ 1,113 555/ 1,231 1,185/ 1,282

Best Calendar Return (Last 10 years)

14.68% (2019)

Worst Calendar Return (Last 10 years)

-10.95% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 34.45
Foreign Government Bonds 20.71
International Equity 18.50
Canadian Government Bonds 9.77
Canadian Corporate Bonds 8.75
Other 7.82

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 42.30
Technology 11.97
Consumer Services 7.33
Real Estate 6.12
Healthcare 5.69
Other 26.59

Geographic Allocation

Geographic Allocation
Name Percent
North America 68.37
Europe 24.03
Asia 7.17
Multi-National 0.44
Africa and Middle East 0.25
Other -0.26

Top Holdings

Top Holdings
Name Percent
Renaissance Global Infrastructure Fund Class O 5.61
Renaissance Global Real Estate Fund Class A 5.60
Microsoft Corp 2.75
Alphabet Inc Cl C 2.40
Amazon.com Inc 1.96
Safran SA 1.58
Novo Nordisk A/S Cl B 1.57
NVIDIA Corp 1.51
Visa Inc Cl A 1.32
Netflix Inc 1.29

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

CIBC Global Monthly Income Fund Class A

Median

Other - Global Equity Balanced

3 Yr Annualized

Standard Deviation 9.43% 9.90% 8.32%
Beta 0.84% 0.91% 0.82%
Alpha -0.03% -0.04% -0.02%
Rsquared 0.90% 0.87% 0.84%
Sharpe -0.04% 0.21% 0.41%
Sortino -0.08% 0.15% 0.31%
Treynor 0.00% 0.02% 0.04%
Tax Efficiency 20.87% 54.48% 65.07%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.85% 9.43% 9.90% 8.32%
Beta 0.84% 0.84% 0.91% 0.82%
Alpha -0.06% -0.03% -0.04% -0.02%
Rsquared 0.91% 0.90% 0.87% 0.84%
Sharpe 0.38% -0.04% 0.21% 0.41%
Sortino 1.04% -0.08% 0.15% 0.31%
Treynor 0.04% 0.00% 0.02% 0.04%
Tax Efficiency 79.88% 20.87% 54.48% 65.07%

Fund Details

Start Date December 08, 2006
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $544

Fund Codes

FundServ Code Load Code Sales Status
CIB523

Investment Objectives

To provide a reasonably consistent level of monthly income while attempting to preserve capital by investing primarily in a diversified portfolio of debt and equity instruments located throughout the world.

Investment Strategy

To achieve its investment objectives, the Fund: aims to add value through prudent security selection based on fundamental, bottom-up analysis and through the allocation of assets between cash and fixed income instruments, equities such as common and preferred shares, income trusts, and other equity securities. The asset allocation of the Fund can vary over time depending on the portfolio advisor’s outlook for the economy and capital markets.

Portfolio Manager(s)

Name Start Date
Craig Jerusalim 12-30-2020
Colum McKinley 12-30-2020

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 1.98%
Management Fee 1.75%
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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