Axiom Diversified Monthly Income Portfolio [Class A]

The Portfolio will seek to:

  • Create a diversified portfolio of investments across several asset classes
  • Invest primarily in mutual funds
  • Achieve a mix of high current income and some long-term capital growth by investing primarily in a diversified blend of income and bond mutual funds, along with equity mutual funds.

We will not change the fundamental investment objectives of the Portfolio without the consent of unitholders by a majority of votes cast at a meeting of unitholders.

Additional Portfolio Information
Also available in Class F
Minimum Initial Investment Lump Sum:
  • Class A - $500 in both registered and non-registered accounts.
  • $100 for additional investments.
Distributions: The Portfolio intends to distribute net income monthly. Net realized capital gains accumulated to date are intended to be distributed in the month of December. A portion of the distributions may consist of a return of capital.
The target distributions are as follows†††:
  • Class A: 4% per year
  • Class T6: 6% per year
Pre-Authorized Chequing Investment: $50 in both registered and non-registered accounts. Deposits may be made monthly, quarterly, semi-annually or annually.
Systematic Withdrawal Plan: $50 in non-registered accounts.Withdrawals may be made monthly, quarterly, semi-annually or annually.
Annual Management Fee (excluding applicable taxes): N/A
Annualized Management Expense Ratio (including applicable taxes) as at Aug 31, 2023: 2.15%
Portfolio Codes
ATL CodesFront-End Load
Back-End Load
Low Load
Class AATL983--
Class FATL788
Closed to all purchases
Select Class*ATL929ATL931ATL930
Elite Class*ATL953ATL955ATL954
Class A**-ATL985ATL984
Class T6**-ATL074ATL073
Inception DateMar 15, 2005
Fund CodeATL985
Performance: May 31, 2024
3 mo6 moYTD1 yr3 yrs5 yrs10 yrsSince Inception
3 mo
6 mo
1 yr
3 yrs
5 yrs
10 yrs
Since Inception

Since Inception date : Mar 15, 2005

Calendar Year Performance

*On July 21, 2017 CIBC Asset Management Inc. (CAM) announced changes to its product lineup. Certain classes were closed to all investors at end of business day July 21, 2017 and are subsequently being terminated on or about October 13, 2017. Additional classes were also closed to all investors effective end of business day September 1, 2017. For more information click here

**Effective May 13, 2022, all deferred sales charge (referred to as DSC) purchase options (i.e. back-end load and low-load options) are closed to new purchases, including purchases through pre-authorized chequing plans. Switches to units of another Fund managed by CIBC Asset Management Inc. under the same DSC purchase option will continue to be available.

†Annualized MERs for the period ending August 31 2018 (as disclosed in each fund or portfolio's interim management report of fund performance). Renaissance Investments may have waived fees or absorbed expenses otherwise payable by a portfolio. At the discretion of Renaissance Investments, this practice may continue indefinitely and can be terminated at any time.

Management fees for Class A units are outlined in the Simplified Prospectus of the Portfolios. There are currently no management fees payable by the Class O units of the Underlying Pools in respect of the investment by the Portfolio in such Class O units. No management fees are payable by the Portfolio that would duplicate a fee payable by the Underlying Pool(s) for the same service.

†††The monthly distribution is set out at an amount equal to approximately 4% per annum for Class A, 6% per annum for Class T6 calculated as a percentage of the annual average net asset value of the Portfolio. The monthly distribution rates may be adjusted from time to time at our discretion. If the monthly amount distributed exceeds the portfolios’ net income and net realized capital gains, such excess will constitute a return of capital. It is likely that a greater proportion of the amount distributed for Class T6, will constitute a return of capital.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Axiom Portfolios simplified prospectus before investing. The indicated rates of return are the historical annual compounded total returns for the Class A units, as at April 30, 2020 , including changes in unit value and reinvestment of all distributions, but do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.