CIBC Multi-Asset Absolute Return Strategy [Series A]

The Fund's investment objective is to achieve a positive absolute return that exceeds the return of the Government of Canada 91-day treasury bills over rolling three-year periods, regardless of the prevailing economic conditions, by actively managing a diversified portfolio with direct and indirect exposure primarily to equity securities, fixed income securities, commodities, currencies, and derivatives investments.

In pursuing the Fund's investment objective, the Portfolio Advisor:

  • Aims to achieve a positive absolute return by targeting, over rolling three-year periods, an annualized return of 5% in excess of the Government of Canada 91-day treasury bills (gross of fees and expenses)
  • Aims to achieve an annualized volatility, under normal market conditions, at a level that is generally half the volatility of global equities represented by the MSCI AC World Index (CAD) measured over the same three-year rolling periods
Also available in Series F

Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100

Distributions: The Fund expects to distribute net income semi-annually. Distributions of net realized capital gains are expected to occur annually in December of each year, though the Fund may also make distributions of income, capital gains and/or capital at any other time the Manager considers appropriate. All the Fund's distributions will be automatically reinvested in additional Units of the same series of Units of the Fund, unless your dealer has advised the Manager otherwise.
Annual Management Fee (excluding applicable taxes): 1.90%
Annual Fixed Administration Fee (excluding applicable taxes): 0.20%
Inception DateOct 22, 2018
Fund CodeATL5012
Assets Under Management ($000)
As at : 11/29/2024
$569,400
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CIBC Asset Management is one of Canada's largest asset management firms and provides a broad range of high-quality global investment management solutions to retail and institutional clients.

profile photo of Francis Thivierge

Francis Thivierge, CFA

Senior Portfolio Manager, Multi-Asset & Currency Management

Francis Thivierge leads the portfolio management activities for multi-asset strategies. In this role, he determines the strategies across equities, bonds and other asset classes and oversees their implementation in portfolios. Mr. Thivierge is also responsible for the development of investment processes underpinning the asset allocation and multi-asset strategies. Mr. Thivierge joined CIBC Asset Management's predecessor firm in 1996. Prior to his current role, he held various positions on the Derivatives team, including Vice-President, Assistant Vice-President and Quantitative Analyst. Mr. Thivierge holds a Master of Finance from Université de Sherbrooke and a Bachelor of Actuarial Science Degree from Laval University. He is also a CFA charterholder.

Profile Photo of Michael Sager

Michael Sager, Ph. D.

Managing Director & Head, Multi-Asset & Currency Management

Michael Sager is a member of the CIBC Client Portfolio Manager team. Dr. Sager partners with all CIBC distribution channels to deliver targeted thought leadership, education, and investment perspective to clients and consultants.

Profile photo of Bernard Augustin.

Bernard Augustin

Director, Quantitative Research, Multi-Asset & Currency Management

Bernard Augustin leads the Quantitative Research group within the Multi-Asset & Currency Management team. He is responsible for evaluating, enhancing & developing quantitative research procedures and tools.

Prior to joining CIBC Asset Management in 2020, Mr. Augustin was Deputy Chief Investment Officer at Fiera Capital. Previously, he held portfolio management and head of research roles in fixed income (Addenda Capital), equity & derivatives (Ontario Teachers') teams. He served as Head of Public Markets at PSP Investments and National Practice Leader for Financial Risk Consulting at Aon. He started his investment career at BARRA in equity risk modelling and consulting.

Mr. Augustin holds Master & Bachelor (Honours) of Economics degrees from Concordia University.

Profile photo of Giuseppe Pietrantonio

Giuseppe Pietrantonio, CFA

Associate, Client Portfolio Manager - Multi-Asset & Currency Management

Giuseppe Pietrantonio is a member of the CIBC Client Portfolio Manager team. Mr. Pietrantonio partners with all CIBC distribution channels to deliver targeted thought leadership, education, and investment advice and perspective to clients and consultants.

Mr. Pietrantonio started his career with CIBC Asset Management in 2011. In his most recent position, he was a Manager on the Trading Systems team where he developed and implemented a currency management system. Prior to that, he held the positions of Portfolio Analyst and Corporate Actions Coordinator.

Mr. Pietrantonio holds a MBA degree and a BComm degree in Finance from Concordia University. He is also is a CFA charterholder and a member of the CFA Society of Montreal.

Performance
3 mo6 moYTD1 yr3 yrs5 yrs10 yrsSince Inception
0.1%(1.9%)5.0%4.6%(1.7%)0.4%N/A0.6%
3 mo
6 mo
YTD
1 yr
3 yrs
5 yrs
10 yrs
Since Inception
0.1%
(1.9%)
5.0%
4.6%
(1.7%)
0.4%
N/A
0.6%

As at: 11/29/2024

Calendar Year Performance
2023202220212020201920182017201620152014
3.1%(12.3%)(0.3%)7.30%0.7%N/AN/AN/AN/AN/A
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
3.1%
(12.3%)
(0.3%)
7.30%
0.7%
N/A
N/A
N/A
N/A
N/A
Investment Performance

Value of $10,000 invested since inception

The rate of return or mathematical table shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the fund or returns on investment in the fund.

This material 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.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. To obtain a copy of the simplified prospectus, call 1-888-888-FUND (3863). Alternatively, you may obtain a copy from your advisor.

Any information or discussion about the current characteristics of this mutual fund or how the portfolio manager is managing the mutual fund that is supplementary to information in the prospectus is not a discussion about material investment objectives or strategies, but solely a discussion of the current characteristics or manner of fulfilling the investment objectives and strategies, and is subject to change without notice.

Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed.

The indicated rates of return are the historical annual compounded total returns 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.

The CIBC Multi Asset Absolute Return Strategy fund is permitted to invest in certain assets and employ alternative investment strategies generally prohibited by conventional mutual funds. The CIBC Multi Asset Absolute Return Strategy fund may use leverage through the use of derivatives, short sales, and/or borrowing within prescribed limits.

The fund may also use derivatives for currency management purposes. The fund’s use of derivatives may introduce leverage into the fund. Leverage occurs when the fund’s notional exposure to underlying assets is greater than the amount invested and is an investment technique that can magnify gains and losses.

Past performance may not be repeated.

The material and/or its contents may not be reproduced without the express written consent of CIBC Asset Management Inc.