The fund's investment objective is to provide a positive total net return over a full market cycle, regardless of general market direction, by investing primarily in long and short positions in North American corporate and government fixed-income securities.
In pursuing the Fund's investment objective, the Portfolio Advisor:
- Will use both long and short positioning in a variety of corporate and government instruments.
- Utilize strategies based on both fundamental credit and macroeconomic views,as well as systematic strategies that may be used to generate positions in credit risk premiums using leverage.
Also available as Series F
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $50
Front-End Load Option | ATL5056 |
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Inception Date | Jun 3, 2022 |
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Fund Code | ATL5056 |
Assets Under Management ($000) As at : 10/31/2024 | $63,047 |
3 mo | 6 mo | YTD | 1 yr | 3 yrs | 5 yrs | 10 yrs | Since Inception |
---|---|---|---|---|---|---|---|
1.5% | 3.6% | 6.2% | 8.6% | N/A | N/A | N/A | 7.8% |
As at: 10/31/2024
2023 |
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8.5% |
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 Alternative Credit Strategy fund is permitted to invest in certain assets and employ alternative investment strategies generally prohibited by conventional mutual funds. The CIBC [Alternative Credit 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. The information does not constitute legal or tax advice.
The CIBC Alternative Credit Strategy fund is permitted to invest in certain assets and employ alternative investment strategies generally prohibited by conventional mutual funds. The CIBC Alternative Credit Strategy fund may use leverage through the use of derivatives, short sales, and/or borrowing within prescribed limits.
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.