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CIBC Announces Changes to its Mutual Fund Lineup



TORONTO, June 25, 2020 - CIBC (TSX: CM) (NYSE: CM) - CIBC today announced the lowering of initial minimum investments for CIBC Passive Portfolios, the renaming of classes on select mutual funds, and the expansion of its offering.

Lowering of CIBC Passive Portfolios’ initial minimum investments
Effective on or about June 25, 2020, CIBC will lower the initial minimum investment requirements on the below portfolios.

Fund Current Initial Investment Minimum New Initial Investment Minimum
CIBC Conservative Passive Portfolio – Class A $5,000 $500
CIBC Conservative Passive Portfolio – Class F $5,000 $500
CIBC Balanced Passive Portfolio – Class A $5,000 $500
CIBC Balanced Passive Portfolio – Class F $5,000 $500
CIBC Balanced Growth Passive Portfolio – Class A $5,000 $500
CIBC Balanced Growth Passive Portfolio – Class F $5,000 $500

 

Renaming of Institutional Class to Class F-Premium
Effective on or about July 6, 2020, CIBC will be renaming the Institutional Class of mutual funds, currently available for certain index funds, to Class F-Premium as described below.

Fund Current Class Name New Class Name
CIBC Canadian Short-Term Bond Index Fund Institutional Class Class F-Premium
CIBC Canadian Bond Index Fund Institutional Class Class F-Premium
CIBC Global Bond Index Fund Institutional Class Class F-Premium
CIBC Balanced Index Fund Institutional Class Class F-Premium
CIBC Canadian Index Fund Institutional Class Class F-Premium
CIBC U.S. Broad Market Index Fund (including U.S. dollar purchase option) Institutional Class Class F-Premium
CIBC U.S. Index Fund Institutional Class Class F-Premium
CIBC International Index Fund Institutional Class Class F-Premium
CIBC European Index Fund Institutional Class Class F-Premium
CIBC Emerging Markets Index Fund Institutional Class Class F-Premium
CIBC Asia Pacific Index Fund Institutional Class Class F-Premium
CIBC Nasdaq Index Fund (including U.S. dollar purchase option) Institutional Class Class F-Premium

Expansion of Class F and Class F-Premium offering
Effective on or about July 6, 2020, CIBC will be expanding its offering by adding new Class F and Class F-Premium units to the funds mentioned below.

Fund New Class of Units
   
Savings Funds  
CIBC Canadian T-Bill Fund Class F and Class F-Premium units
CIBC Money Market Fund Class F and Class F-Premium units
CIBC U.S. Dollar Money Market Fund Class F and Class F-Premium units
   
Income Funds  
CIBC Short-Term Income Fund Class F and Class F-Premium units
CIBC Canadian Bond Fund Class F and Class F-Premium units
CIBC Monthly Income Fund Class F units
CIBC Global Bond Fund Class F units
CIBC Global Monthly Income Fund Class F units
   
Growth Funds  
CIBC Balanced Fund Class F units
CIBC Dividend Income Fund Class F units
CIBC Dividend Growth Fund Class F units
CIBC Canadian Equity Fund Class F units
CIBC Canadian Equity Value Fund Class F units
CIBC Canadian Small-Cap Fund Class F units
CIBC U.S. Equity Fund Class F units (including U.S. dollar purchase option)
CIBC U.S. Small Companies Fund Class F units (including U.S. dollar purchase option)
CIBC Global Equity Fund Class F units
CIBC International Equity Fund Class F units
CIBC European Equity Fund Class F units
CIBC Emerging Markets Fund Class F units
CIBC Asia Pacific Fund Class F units
CIBC International Small Companies Fund Class F units
CIBC Financial Companies Fund Class F units
CIBC Canadian Resources Fund Class F units
CIBC Energy Fund Class F units
CIBC Canadian Real Estate Fund Class F units
CIBC Precious Metals Fund Class F units
CIBC Global Technology Fund Class F units (including U.S. dollar purchase option)
   
Index Funds  
CIBC Canadian Short-Term Bond Index Fund Class F units
CIBC Canadian Bond Index Fund Class F units
CIBC Global Bond Index Fund Class F units
CIBC Balanced Index Fund Class F units
CIBC Canadian Index Fund Class F units
CIBC U.S. Broad Market Index Fund Class F units (including U.S. dollar purchase option)
CIBC U.S. Index Fund Class F units
CIBC International Index Fund Class F units
CIBC European Index Fund Class F units
CIBC Emerging Markets Index Fund Class F units
CIBC Asia Pacific Index Fund Class F units
CIBC Nasdaq Index Fund Class F units (including U.S. dollar purchase option)
   
Managed Portfolios  
CIBC Managed Income Portfolio Class F, Class FT4 and Class FT6 units
CIBC Managed Income Plus Portfolio Class F, Class FT4 and Class FT6 units
CIBC Managed Balanced Portfolio Class F, Class FT4, Class FT6 and Class FT8 units
CIBC Managed Monthly Income Balanced Portfolio Class F, Class FT6 and Class FT8 units
CIBC Managed Balanced Growth Portfolio Class F, Class FT4, Class FT6 and Class FT8 units
CIBC Managed Growth Portfolio Class F, Class FT4, Class FT6 and Class FT8 units
CIBC Managed Aggressive Growth Portfolio Class F, Class FT4, Class FT6 and Class FT8 units
CIBC U.S. Dollar Managed Income Portfolio Class F, Class FT4 and Class FT6 units
CIBC U.S. Dollar Managed Balanced Portfolio Class F, Class FT4, Class FT6 and Class FT8 units
CIBC U.S. Dollar Managed Growth Portfolio Class F, Class FT4, Class FT6 and Class FT8 units

Additionally, effective on or about August 4, 2020, CIBC Asset Management Inc., as manager, will be offering Class F on the Renaissance Canadian T-Bill Fund.