CIBC Global Credit Fund [Series A]

To maximize current income and provide modest capital gains. The Fund invests primarily in investment grade non-Canadian fixed income securities diversified broadly across industries, issuers, and regions.

Also available in Series F

Minimum Initial Investment:
Lump Sum

Initial: $500
Subsequent: $100

Distributions: On a monthly basis, net income accumulated to date is distributed. In the month of December, net income and net realized capital gains accumulated to date are distributed.
Pre-Authorized Chequing Investment: $50 minimum investment for weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annually, or annually deposit.
Systematic Withdrawal Plan: With minimum initial account value of $10,000. Withdraw may be made weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annually, or annually. $50 minimum.

Annual Management Fee (excluding applicable taxes): 1.25%
Annualized Management Expense Ratio (including applicable taxes) as at Dec 31, 2022: 1.41%
Front-End Load OptionATL5042
Inception DateJun 8, 2022
Fund CodeATL5042
Assets Under Management ($000)
As at : 03/28/2024
$218,025

PIMCO Canada, established in 2004, is an integral part of the of the firm's global presence and strategy. Based in Toronto with professionals across the country, the Canadian team are talented PIMCO professionals who can leverage their diverse knowledge and experience to help clients optimize their allocations to both core and non-core strategies.

PIMCO's active investment process combines our top-down macroeconomic view with bottom-up research and analysis to put our best ideas around the world to work in PIMCO portfolios. We believe this approach has enabled us to give our clients an edge by anticipating economic and market developments and forecasting major inflection points – insights that may be especially valuable in today’s uncertain market environment.

Style

Fund style chart: short-term and intermediate term of BBB
Fixed Income Strategy †† Net Rates

Term to Maturity (Years) ††Duration (Years) ††Average YTM (%) ††
8.13 5.09 5.98
As of Feb 29, 2024 Source: BNY Mellon Analytics
Term to Maturity (Years)
The time remaining on a bond's life, or the date on which the debt will cease to exist and the borrower will have completely paid off the amount borrowed.

Duration (Years)
Duration is defined as the weighted average time to full recovery of principal and interest.

Yield to Maturity (Average YTM)
The percentage rate of return paid on a bond, note or other fixed income security if the investor buys and holds it to its maturity date. The calculation for YTM is based on the coupon rate, length of time to maturity and market price. It assumes that coupon interest paid over the life of the bond will be reinvested at the same rate.
Performance
3 mo6 moYTD1 yr3 yrs5 yrs10 yrsSince Inception
0.7%8.8%0.7%7.0%N/AN/AN/A2.9%
3 mo
6 mo
YTD
1 yr
3 yrs
5 yrs
10 yrs
Since Inception
0.7%
8.8%
0.7%
7.0%
N/A
N/A
N/A
2.9%

As at: 03/28/2024

Calendar Year Performance
2023
8.9%
2023
8.9%
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.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Renaissance Investments family of funds simplified prospectus before investing. The indicated rates of return are the historical annual compounded total returns for the class A units 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. The values of many mutual funds change frequently. Past performance may not be repeated.