The Fund seeks to provide a high level of current income while preserving capital by investing primarily in a diversified portfolio of AAA rated U.S. floating rate collateralized loan obligations (CLOs). The Fund will attempt to reduce its currency exposure to non-Canadian dollar currencies by implementing a currency hedging strategy that is aimed at protecting the Fund from non-Canadian dollar currency fluctuations.
Additional Fund Information
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
| Inception Date | May 21, 2025 |
|---|---|
| Fund Code | ATL5211 |
| Assets Under Management ($000) As at : September 30, 2026 | $256,800 |
CIBC Global Asset Management (CIBC GAM), the asset management subsidiary of CIBC, is one of Canada’s largest asset managers. Established in 1972, CIBC GAM offers a broad range of investment solutions, including mutual funds, ETFs, portfolio solutions, alternative investments, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. With teams across Canada and the US, CIBC GAM serves retail, high-net-worth and institutional clients in North America and institutional clients worldwide.
Jean Gauthier, CFA
Managing Director & Chief Investment Officer, Global Fixed Income and Equities
Jean Gauthier leads CIBC Global Asset Management (CIBC GAM)’s Fixed Income and Equities teams and is responsible for the leadership and day-to-day management of both teams. Jean is also an active member of CIBC GAM’s Investment Committee.
Prior to joining CIBC GAM in 2017, Jean was Senior Portfolio Manager, Fixed Income and Currencies at the Ontario Teachers’ Pension Plan. Previously, he held a position as Vice President and Senior Portfolio Manager at State Street Global Advisors. With over 25 years of experience, Jean has significant expertise in portfolio and risk management, Core Plus mandates, the use of derivatives and global fixed income investing.
Jean holds a BBA degree in Finance from the Université du Québec à Montréal (UQAM). He is also a CFA charterholder and a member of the CFA Society of Montreal.
Adam Ditkofsky, CFA
Senior Portfolio Manager, Global Fixed Income
Adam Ditkofsky is a Senior Portfolio Manager, focusing on Core and Core Plus fixed income mandates at CIBC Global Asset Management (CIBC GAM).
Adam has more than 20 years of experience in fixed income. In his previous position, Adam was a Senior Credit Analyst at CIBC GAM, covering both investment grade and high-yield companies across multiple sectors and regions. Prior to joining CIBC GAM in 2008, he held the role of Credit Analyst at CIBC World Markets.
Adam holds an MBA degree from the University of Western Ontario, and a BCom degree from Concordia University. He is also a Chartered Investment Manager (CIM),Chartered Financial Analyst (CFA) charterholder and a member of the CFA Society Toronto.
Sandor Polgar, CFA
Portfolio Manager, Global Fixed Income
Sandor Polgar has over 16 years of fixed income and capital markets experience. Before joining CIBC Global Asset Management in 2023, he was Portfolio Manager at CI Global Asset Management, focusing on interest rates, duration management, and yield-curve positioning. Before joining CI, Sandor worked at RBC and TD focusing on fixed income and interest rate mandates.
Sandor holds a Bachelor of Commerce degree from the University of Guelph and a Master of Finance degree from the Rotman School of Management at the University of Toronto. He is also a CFA charterholder.
Providence Mapingire
Credit Research Analyst, Global Fixed Income
Providence Mapingire is a Credit Research Analyst on CIBC Global Asset Management (CIBC GAM)’s Global Fixed Income team. His exhaustive research and in-depth advice about global investment grade, high yield, and structured credit issues better equip our portfolio managers in making sound fixed income security selections.
Prior to joining CIBC GAM in 2025, Providence was a Global Markets Summer Analyst at Credit Suisse, a CMBS Credit Rating Analyst at DBRS Morningstar, and a Global Markets Analyst at CIBC Capital Markets.
Providence is a graduate of the Rotman School of Management at the University of Toronto.
| Term to Maturity (Years) †† | Duration (Years) †† | Average YTM (%) †† |
| N/A | N/A | N/A |
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.
| 3 mo | 6 mo | YTD | 1 yr | 3 yrs | 5 yrs | 10 yrs | Since Inception |
|---|---|---|---|---|---|---|---|
| 0.7% | 1.6% | 2.2% | 2.8% | N/A | N/A | N/A | 2.9% |
As at: September 30, 2026 Performance figures are net of fees.
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. Alternatively, you may obtain a copy from your advisor. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
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.
CIBC Income Advantage Fund and CIBC U.S. Dollar Income Advantage Fund, (the Funds) invest primarily in a diversified portfolio of U.S. floating-rate collateralized loan obligations (CLOs) rated AAA. The Funds intend to invest at least 80% of their assets in AAA rated CLOs (at the time of purchase) but may also invest in CLO AA and/or A rated CLO tranches (at the time of purchase). This rating does not constitute a guarantee, may be downgraded, and in stressed market environments, it is possible that even senior CLO tranches could experience losses due to actual defaults, increased sensitivity to defaults due to collateral default, and the disappearance of the subordinated/equity tranches, market anticipation of defaults, as well as negative market sentiment with respect to CLO securities as an asset class.
The MER is based on actual expenses reported in the fund's most recent Semi-Annual or Annual Management Report of Fund Performance, expressed on an annualized basis. We may, in some cases, waive or absorb, some of the fund’s expenses. The decision to waive or absorb is at our discretion and may continue indefinitely or be terminated at any time without notice to unitholders.
Past performance may not be repeated and is not indicative of future results.
®/™The CIBC logo and “CIBC Global Asset Management” are trademarks of CIBC, used under license.
