A new actively-managed ETF designed to access global fixed income markets

Investors are increasingly looking for active fixed income solutions to help them diversify their portfolios. The CIBC Flexible Yield ETF (CAD-Hedged) is a new actively-managed exchange-traded fund (ETF) designed to help investors access global fixed income markets. This is a solution that manages volatility through tactical asset allocation and duration management.

Exposure to a Broad Fixed Income Universe

CIBC Flexible Yield ETF (CAD-Hedged) seeks to generate long-term total return and current income by investing in high-yielding debt and investment grade fixed income securities of issuers located anywhere in the world. The fund gains exposure to these types of securities by investing primarily in hedge class units of Renaissance Flexible Yield Fund, which is sub-advised by Doubleline Capital LP.The strategy features:

  • Tactical asset allocation Designed to capture opportunistic gains throughout the market cycle
  • Active duration management Helps to actively manage duration exposure within the portfolio to mitigate risk and capture opportunities in any interest-rate environment
  • Diversified sources of yield Access to a broader fixed income universe to help boost yields compared to traditional fixed income sectors
TSX TickerETF NameManagement Fee (%)*Description
CFLXCIBC Flexible Yield ETF (CAD-Hedged)0.75%Actively managed fixed income ETF that can invest in income securities of issuers located anywhere in the world to optimize long-term total returns and current income. The ETF will distribute monthly.

*The management fee is equal to the fee paid by the CIBC ETF to CIBC Asset Management Inc. and does not include applicable taxes or other fees and expenses of the CIBC ETF.

To find out more about the CIBC Flexible Yield ETF (CAD-Hedged), watch the video.

Learn more aboutCIBC Exchange Traded Funds.

QuestionsIf you have questions about CIBC Flexible Yield ETF (CAD-Hedged), please contact your Renaissance Investments sales representative.

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Copyright 2024 CIBC Asset Management Inc. Renaissance Investments and Axiom Portfolios are offered by CIBC Asset Management Inc.

Renaissance Investments family of funds the Axiom Portfolios, the CIBC Private Pools, the CIBC Fixed Income Pools, the CIBC Fixed Income Funds, the CIBC Alternative Funds and the CIBC ETFs are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.

Please read the simplified prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed. There can be no assurance that a money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Their values change frequently and past performance may not be repeated. ®Renaissance Investments, ®Axiom and ®Axiom Portfolios are registered trademarks of CIBC Asset Management Inc. Renaissance Investments is offered by CIBC Asset Management Inc.