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Fund Price: $7.47 (as at January 20, 2017)  1-day chg: $-.0073 -0.10%  YTD: 0.61%

Returns as at December 31, 2016

  Fund Group Avg Index*
1 Month 1.86% 1.21% 1.21%
3 Months 1.11% 0.44% 0.41%
6 Months 6.56% 4.37% 4.40%
1 Year 15.12% 10.25% 9.62%
2 Year Avg 4.21% 3.40% 3.25%
3 Year Avg 3.62% 3.36% 3.03%
4 Year Avg 4.56% 3.48% 3.13%
5 Year Avg 5.74% 5.04% 4.67%
10 Year Avg 4.36% 4.68% 4.13%
15 Year Avg 5.46% 5.16% 4.79%
20 Year Avg 4.81% 4.36% 4.39%
Since Inception 5.57% - -
 
2016 15.12% 10.25% 9.62%
2015 -5.67% -2.95% -2.75%
2014 2.46% 3.05% 2.59%
 
3 year risk 6.26 5.93 4.29
3 year beta 1.42 1.05 1.00

*Globe High Yield Fixed Income Peer Index

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe High Yield Fixed Income Peer Index.

Risk Measures as at December 31, 2016

Best/Worst 12 months (since inception)
Best (ending Jan 10): 36.84 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Jan 09): -22.82 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 6 High

Fund Objectives

The fund aims to generate a high level of current income, primarily through investment in high-yield corporate bonds from issuers around the world and, where consistent with this objective, the Fund will also seek capital appreciation.

Fund Facts

Fund Sponsor: CIBC Asset Management
Managed by: CIBC Asset Management Inc
Fund Type: MF Trust
Inception Date: September 1994
Asset Class: High Yield Fixed Income
Quartile Rank: 3 (3YR ending December 31, 2016)
Total Assets: $110.3 million
Mgmt Exp. Ratio (MER): 1.96%
Management Fee: 1.50%
Load Type: Optional
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$500
Subsequent:
$100
Min. Invest (initial RRSP):
$500
Subsequent RRSP:
$100
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation December 31, 2016

Bond Type December 31, 2016

Bond Term December 31, 2016

Top Holdings as at December 31, 2016

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at January 20, 2017
1 Year Performance (%)
  HCA Inc 5.875% 01-May-2023 Bond 2.51   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Sprint Corporation, 7.25%, SEP/15/21 Bond 2.4   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Quebecor Media Inc 6.625% 15-Jan-2023 Bond 1.76   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Fiat Chrysler Automobiles N.V., 5.25%, APR/15/23 Bond 1.73   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  1011778 BC ULC/New Red Finance, 6.00%, APR/01/22 Bond 1.69   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  First Data Corp. - old, 7.00%, DEC/01/23 Bond 1.43   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Iron Mountain, 5.75%, AUG/15/24 Bond 1.41   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  NRG Energy, 6.63%, MAR/15/23 Bond 1.4   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Great Canadian Gaming Corp 6.625% 25-Jul Bond 1.38   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Distribution Report (18 months up to January 20, 2017)

Frequency of Income Distributions: Monthly

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Dec 16, 2016 0.0150 0.0150 0.3414 7.368
Nov 30, 2016 0.0316 0.0316 0.3482 7.301
Oct 31, 2016 0.0285 0.0285 0.3450 7.376
Sep 30, 2016 0.0269 0.0269 0.3439 7.415
Aug 31, 2016 0.0286 0.0286 0.3497 7.403
Jul 29, 2016 0.0292 0.0292 0.3503 7.273
Jun 30, 2016 0.0269 0.0269 0.3572 7.117
May 31, 2016 0.0342 0.0342 0.3588 7.055
Apr 29, 2016 0.0234 0.0234 0.3565 7.066
Mar 31, 2016 0.0283 0.0283 0.3551 6.840
Feb 29, 2016 0.0234 0.0234 0.3622 6.590
Jan 29, 2016 0.0453 0.0453 0.3624 6.565
Dec 18, 2015 0.0218 0.0218 0.3700 6.698
Nov 30, 2015 0.0284 0.0284 0.3696 6.964
Oct 30, 2015 0.0275 0.0275 0.3696 7.174
Sep 30, 2015 0.0327 0.0327 0.3743 6.982
Aug 31, 2015 0.0293 0.0293 0.3759 7.246
Jul 31, 2015 0.0361 0.0361 0.3727 7.429

Portfolio Manager(s)

Nicholas Leach

CIBC Asset Management Inc

Start Date: January, 2013

Fund Return: 4.54%

Also manages:CIBC High Yield Bond Pool, Renaissance High Yield Bond Class F

View fund manager performance report