CIBC Conservative Fixed Income Pool [Series F]

The Pool will focus on generating regular income by investing primarily in units of other mutual funds that invest in fixed income securities.

Also available in Series A
Also available as Series ETF

Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100

Distributions: Distributions of net income occur monthly. Distributions of any net realized capital gains occur annually in December. The amount of the distributions is not guaranteed and may change from time to time without notice to unitholders. Distributions are automatically reinvested in additional units of the Pool unless you tell us otherwise.
Pre-Authorized Chequing Investment: $50 minimum investment for weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annually or annually.
Systematic Withdrawal Plan: With minimum initial account value of $10,000. Withdrawals may be made weekly, bi-weekly,semi-monthly, monthly, bi-monthly, quarterly, semi-annually or annually. $50 minimum.
Annual Management Fee (excluding applicable taxes): 0.30%
Annualized Management Expense Ratio (including applicable taxes) as at Aug 31, 2025: 0.44%
Inception DateOct 28, 2019
Fund CodeATL5019
Assets Under Management ($000)
As at : September 30, 2026
$80,033

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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.

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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.

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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.

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Aaron Young, CFA

Executive Director & Head, Client Portfolio Management

As Head of CIBC Global Asset Management (CIBC GAM)’s Client Portfolio Management team, Aaron Young is responsible for providing strategic leadership on all aspects of the firm’s client portfolio management platform, which covers all asset classes managed by the firm. The client portfolio management team consists of portfolio strategists who help evolve our investment capabilities and represent our clients’ needs in all aspects of the firm’s initiatives.

Prior to rejoining CIBC GAM in 2023, Aaron was a Portfolio Manager at RPIA on the credit research team. He began his career in the investment industry at CIBC GAM in 2010 in institutional client servicing, and as an Associate Client Portfolio Manager with the Fixed Income team.

Aaron has published numerous research papers on fixed income, credit, and ESG investing, and has been a featured speaker at many Canadian and global investment forums.

He holds a Bachelor of Arts degree from the University of Toronto. Aaron is also a CFA charterholder and a member of the CFA Society of Toronto.

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Gino Di Censo

Director, Fixed Income

Gino Di Censo is a member of the Client Portfolio Manager team at CIBC Global Asset Management (CIBC GAM). In this role he supports the development of investment strategies, insights and research, and is instrumental in ensuring the firm’s fixed income suite of solutions is designed to fulfill clients’ current and future needs.

Prior to joining CIBC Global Asset Management in 2025, Gino was Director, Investment Consulting at Eckler, specializing in fixed income and private debt manager research as well as institutional portfolio consultation. He began his career in financial services in 2009.

Gino holds an Honours Bachelor of Science in Biochemistry and Human Biology from the University of Toronto, and a Master of Business Administration from Concordia University. He is a CFA charterholder and a member of the CFA Society of Toronto.

Underlying Funds Sub-Advisors

Ares Management LLC BlackRock Canso Investment Counsel Ltd.
Devlin Capital DoubleLine® Pimco
RPIA

Investment Style

Average duration
BBBAAAAAA
>10Long-term
6-10Intermediate-term
1-5Short-term

Fixed Income Strategy †† Net Rates

Term to Maturity (Years) ††Duration (Years) ††Average YTM (%) ††
6 4.31 4.27
As of Jul 31, 2026 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
(1.6%)0.2%0.3%0.5%4.8%1.6%N/A1.8%
3 mo
6 mo
YTD
1 yr
3 yrs
5 yrs
10 yrs
Since Inception
(1.6%)
0.2%
0.3%
0.5%
4.8%
1.6%
N/A
1.8%

As at: September 30, 2026 Performance figures are net of fees.

Calendar Year Performance
2025202420232022202120202019201820172016
3.8% 5.3% 6.3% (7.1%) (1.3%) 5.70%N/AN/AN/AN/A
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
3.8%
5.3%
6.3%
(7.1%)
(1.3%)
5.70%
N/A
N/A
N/A
N/A

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.

CIBC ETFs are managed by CIBC Asset Management Inc. ("CAM"), a subsidiary of Canadian Imperial Bank of Commerce. Commissions, management fees and expenses all may be associated with investments in exchange traded funds (ETFs) and mutual fund investments.

Please read the simplified prospectus and ETF Facts document before investing. To obtain a copy, call 1-888-888-FUND (3863). Alternatively, you may obtain a copy from your advisor. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

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.

DoubleLine® is a registered trademark of DoubleLine Capital LP.

Past performance may not be repeated and is not indicative of future results.

The material and/or its contents may not be reproduced without the express written consent of CIBC Asset Management Inc.