CIBC Announces Changes to its Mutual Fund Lineup
CIBC Announces Changes to its Mutual Fund Lineup
Canada NewsWire
TORONTO, June 25, 2020
TORONTO, June 25, 2020 /CNW/ - CIBC (TSX: CM) (NYSE: CM) - CIBC today announced the lowering of initial minimum investments for CIBC Passive Portfolios, the renaming of classes on select mutual funds, and the expansion of its offering.
Lowering of CIBC Passive Portfolios' initial minimum investments
Effective on or about June 25, 2020, CIBC will lower the initial minimum investment requirements on the below portfolios.
Fund | Current Initial Investment | New |
CIBC Conservative Passive Portfolio – Class A | $5,000 | $500 |
CIBC Conservative Passive Portfolio – Class F | $5,000 | $500 |
CIBC Balanced Passive Portfolio – Class A | $5,000 | $500 |
CIBC Balanced Passive Portfolio – Class F | $5,000 | $500 |
CIBC Balanced Growth Passive Portfolio – Class A | $5,000 | $500 |
CIBC Balanced Growth Passive Portfolio – Class F | $5,000 | $500 |
Renaming of Institutional Class to Class F-Premium
Effective on or about July 6, 2020, CIBC will be renaming the Institutional Class of mutual funds, currently available for certain index funds, to Class F-Premium as described below.
Fund | Current Class Name | New Class Name |
CIBC Canadian Short-Term Bond Index Fund | Institutional Class | Class F-Premium |
CIBC Canadian Bond Index Fund | Institutional Class | Class F-Premium |
CIBC Global Bond Index Fund | Institutional Class | Class F-Premium |
CIBC Balanced Index Fund | Institutional Class | Class F-Premium |
CIBC Canadian Index Fund | Institutional Class | Class F-Premium |
CIBC U.S. Broad Market Index Fund (including U.S. dollar purchase option) | Institutional Class | Class F-Premium |
CIBC U.S. Index Fund | Institutional Class | Class F-Premium |
CIBC International Index Fund | Institutional Class | Class F-Premium |
CIBC European Index Fund | Institutional Class | Class F-Premium |
CIBC Emerging Markets Index Fund | Institutional Class | Class F-Premium |
CIBC Asia Pacific Index Fund | Institutional Class | Class F-Premium |
CIBC Nasdaq Index Fund (including U.S. dollar purchase option) | Institutional Class | Class F-Premium |
Expansion of Class F and Class F-Premium offering
Effective on or about July 6, 2020, CIBC will be expanding its offering by adding new Class F and Class F-Premium units to the funds mentioned below.
Fund | New Class of Units |
Savings Funds | |
CIBC Canadian T-Bill Fund | Class F and Class F-Premium units |
CIBC Money Market Fund | Class F and Class F-Premium units |
CIBC U.S. Dollar Money Market Fund | Class F and Class F-Premium units |
Income Funds | |
CIBC Short-Term Income Fund | Class F and Class F-Premium units |
CIBC Canadian Bond Fund | Class F and Class F-Premium units |
CIBC Monthly Income Fund | Class F units |
CIBC Global Bond Fund | Class F units |
CIBC Global Monthly Income Fund | Class F units |
Growth Funds | |
CIBC Balanced Fund | Class F units |
CIBC Dividend Income Fund | Class F units |
CIBC Dividend Growth Fund | Class F units |
CIBC Canadian Equity Fund | Class F units |
CIBC Canadian Equity Value Fund | Class F units |
CIBC Canadian Small-Cap Fund | Class F units |
CIBC U.S. Equity Fund | Class F units (including U.S. dollar purchase option) |
CIBC U.S. Small Companies Fund | Class F units (including U.S. dollar purchase option) |
CIBC Global Equity Fund | Class F units |
CIBC International Equity Fund | Class F units |
CIBC European Equity Fund | Class F units |
CIBC Emerging Markets Fund | Class F units |
CIBC Asia Pacific Fund | Class F units |
CIBC International Small Companies Fund | Class F units |
CIBC Financial Companies Fund | Class F units |
CIBC Canadian Resources Fund | Class F units |
CIBC Energy Fund | Class F units |
CIBC Canadian Real Estate Fund | Class F units |
CIBC Precious Metals Fund | Class F units |
CIBC Global Technology Fund | Class F units (including U.S. dollar purchase option) |
Index Funds | |
CIBC Canadian Short-Term Bond Index Fund | Class F units |
CIBC Canadian Bond Index Fund | Class F units |
CIBC Global Bond Index Fund | Class F units |
CIBC Balanced Index Fund | Class F units |
CIBC Canadian Index Fund | Class F units |
CIBC U.S. Broad Market Index Fund | Class F units (including U.S. dollar purchase option) |
CIBC U.S. Index Fund | Class F units |
CIBC International Index Fund | Class F units |
CIBC European Index Fund | Class F units |
CIBC Emerging Markets Index Fund | Class F units |
CIBC Asia Pacific Index Fund | Class F units |
CIBC Nasdaq Index Fund | Class F units (including U.S. dollar purchase option) |
Managed Portfolios | |
CIBC Managed Income Portfolio | Class F, Class FT4 and Class FT6 units |
CIBC Managed Income Plus Portfolio | Class F, Class FT4 and Class FT6 units |
CIBC Managed Balanced Portfolio | Class F, Class FT4, Class FT6 and Class FT8 units |
CIBC Managed Monthly Income Balanced Portfolio | Class F, Class FT6 and Class FT8 units |
CIBC Managed Balanced Growth Portfolio | Class F, Class FT4, Class FT6 and Class FT8 units |
CIBC Managed Growth Portfolio | Class F, Class FT4, Class FT6 and Class FT8 units |
CIBC Managed Aggressive Growth Portfolio | Class F, Class FT4, Class FT6 and Class FT8 units |
CIBC U.S. Dollar Managed Income Portfolio | Class F, Class FT4 and Class FT6 units |
CIBC U.S. Dollar Managed Balanced Portfolio | Class F, Class FT4, Class FT6 and Class FT8 units |
CIBC U.S. Dollar Managed Growth Portfolio | Class F, Class FT4, Class FT6 and Class FT8 units |
Additionally, effective on or about August 4, 2020, CIBC Asset Management Inc., as manager, will be offering Class F on the Renaissance Canadian T-Bill Fund.
About CIBC
CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.
About CIBC Asset Management
CIBC Asset Management, Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. CAM's offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. CAM is one of Canada's largest asset management firms, with over $140 billion in assets under administration as of May 2020.
SOURCE CIBC Asset Management
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