CIBC Asset Management Recognized at 2020 Fundgrade A+ Awards
On Friday, January 22, 2021, CIBC Asset Management was named the winner of nine 2020 FundGrade A+ Awards. These awards recognize funds that excel in providing consistently strong, risk-adjusted relative performance.
Our award-winning funds
| Fund | Category | 2020 FUNDGRADE Calculation date |
|---|---|---|
| Renaissance Global Small-Cap Fund | Global Small/Mid Cap Equity | December 31st, 2020 |
| Renaissance Global Science & Technology Fund | Global Equity | December 31st, 2020 |
| Renaissance International Equity Fund | International Equity | December 31st, 2020 |
| Axiom Foreign Growth Portfolio | Global Equity Balanced | December 31st, 2020 |
| CIBC Balanced Index Fund | Canadian Fixed Income Balanced | December 31st, 2020 |
| CIBC Nasdaq Index Fund | U.S. Equity | December 31st, 2020 |
| CIBC Global Technology Fund | Global Equity | December 31st, 2020 |
| CIBC International Equity Fund | International Equity | December 31st, 2020 |
| CIBC Conservative Passive Portfolio | Canadian Fixed Income Balanced | December 31st, 2020 |
This document is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this document should consult with his or her advisor. All opinions and estimates expressed in this document are as of the date of publication unless otherwise indicated, and are subject to change. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. ®CIBC Asset Management and the CIBC logo are registered trademarks of Canadian Imperial Bank of Commerce (CIBC), used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC Asset Management Inc.
The FundGrade A+® rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The Fund-Grade A+® rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year. For more information on the rating system, please visit www.Fundata.com/ProductsServices/FundGrade.aspx.
FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.
