Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
| Front-End Load Option | ATL5051 |
|---|---|
| Inception Date | May 6, 2022 |
|---|---|
| Fund Code | ATL5051 |
| Assets Under Management ($000) As at : 10/31/2024 | $131,378 |
CIBC Asset Management is one of Canada's largest asset management firms and provides a broad range of high-quality global investment management solutions to retail and institutional clients.
Luc de la Durantaye
Chief Investment Strategist and CIO
Luc de la Durantaye serves as the Chief Investment Officer of the Multi-Asset and Currency team where he oversees the multi-asset investment process and manages CIBC AM’s currency process. Mr. de la Durantaye also chairs the firm’s Investment Committee and helps to coordinate the investment views and processes developed by other team leaders within his unit. He is the primary spokesperson for CIBC AM’s investment insights.
Mr. de la Durantaye joined CIBC AM in 2002 and has over three decades of investment experience. In a previous role, he was responsible for tactical asset allocation and currency management at a large Canadian financial institution. He began his career in 1985 as a financial analyst at a sell-side brokerage firm.
Mr. de la Durantaye holds a Bachelor of International Finance from École des Hautes Études Commerciales of Montreal. He is also a CFA charterholder and a member of the CFA Society of Montreal.
Jose Saracut
José Manuel Saracut is a member of the Multi-Asset and Currency Management team and has over 14 years of industry experience. Mr. Saracut is responsible for the overall management of emerging market debt portfolios. His role includes portfolio construction, research and fundamental analysis, security selection and risk mitigation. He also collaborates with other managers and shares research and views on emerging market debt including sovereign, quasi-sovereign, and corporate bond sectors.
Prior to joining CIBC Asset Management in 2021, Mr. Saracut was a Managing Director, Fixed Income at Manulife Investment Management where he gained portfolio management and research experience. He was responsible for various asset classes, including emerging market debt, developed market investment-grade debt, and preferred shares. At his previous firm, Mr. Saracut and his team won two Lipper Fund Awards.
Mr. Saracut holds a BEcon degree from Universidad Torcuato Di Tella and studied Finance at the University of California, Berkeley. He is a CFA charterholder and a member of the CFA Society of Toronto and Montreal. He also holds the FRM designation.
Style
| Term to Maturity (Years) †† | Duration (Years) †† | Average YTM (%) †† |
| 0 | 5.72 | 8.12 |
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% | 3.0% | (2.5%) | 6.2% | N/A | N/A | N/A | 6.6% |
As at: 10/31/2024
| 2023 |
|---|
| 12.7% |
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. 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.
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. 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.
