The Fund seeks to provide a high level of current income while preserving capital by investing primarily in a diversified portfolio of AAA rated U.S. floating rate collateralized loan obligations (CLOs). The Fund will attempt to reduce its currency exposure to non-Canadian dollar currencies by implementing a currency hedging strategy that is aimed at protecting the Fund from non-Canadian dollar currency fluctuations.
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
| Inception Date | May 14, 2025 |
|---|---|
| Fund Code | ATL5210 |
| Assets Under Management ($000) As at : 04/30/2025 |
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.
Jean Gauthier
Managing Director & Chief Investment Officer, Fixed Income & Equities
Jean Gauthier is CIO of Global Fixed Income at CIBC Asset Management. Mr. Gauthier oversees CIBC Asset Management's fixed income portfolio management and research efforts. Mr. Gauthier is also an active member of CIBC Asset Management's Investment Committee.
Mr. Gauthier joined CIBC Asset Management in 2017 and holds a Bachelor of Business Administration degree in Finance from the Université du Québec à Montréal (UQAM). He is also a CFA charterholder.
Adam Ditkofsky, CFA
Senior Portfolio Manager, Global Fixed Income
Adam Ditkofsky is a portfolio manager, focusing on Core and Core Plus fixed income mandates. Mr. Ditkofsky has more than 10 years of experience in fixed income and is responsible for portfolio management, trading and idea generation. In his previous position, Mr. Ditkofsky was a Senior Credit Analyst at CIBC Asset Management (CAM), covering both investment grade and high-yield companies across multiple sectors. Prior to joining CAM in 2008, he held the role of Credit Analyst at CIBC World Markets.
Mr. Ditkofsky 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) and Chartered Financial Analyst (CFA) charterholder and a member of the CFA Society of Toronto.
Sandor Polgar, CFA
Portfolio Manager, Global Fixed Income
Queenie Mark, CFA
Senior Credit Analyst
Queenie is an Senior Credit Analyst contributing to research coverage of several sectors in the investment-grade corporate bond universe as well as private debt. She undertakes fundamental research and idea generation for portfolios across corporate bond mandates and coordinates the credit team’s workflow and data analysis.
Before joining CIBC Asset Management in 2022, Queenie spent 3 years in progressively senior roles in the CIBC Leveraged Finance Group, culminating as Relationship Manager overseeing a portfolio of clients backed by financial sponsors. Prior to joining CIBC, Queenie was a Ratings Analyst at S&P Global in the business services sector.
Queenie holds an International Bachelor of Business Administration degree from the Schulich School of Business. Queenie is also a CFA charter holder and a member of CFA Society Toronto.
| Term to Maturity (Years) †† | Duration (Years) †† | Average YTM (%) †† |
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 |
|---|---|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
As at: 04/30/2025
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.
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.
Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed.
The Fund [CIBC Income Advantage Funds] invests primarily in a diversified portfolio of U.S. floating rate collateralized load obligations (CLOs) predominantly rated AAA. CIBC Income Advantage Funds intend to invest, at the time of purchase, predominantly in AAA-rated tranches but may also invest in CLO securities within the AA- and A-rated categories; however, this rating does not constitute a guarantee, may be downgraded, and in stressed market environments it is possible that even senior CLO tranches could experience losses due to actual defaults, increased sensitivity to defaults due to collateral default and the disappearance of the subordinated/equity tranches, market anticipation of defaults, as well as negative market sentiment with respect to CLO securities as an asset class.
The material and/or its contents may not be reproduced without the express written consent of CIBC Asset Management Inc.
Past performance may not be repeated and is not indicative of future results.
® The CIBC logo and "CIBC Asset Management" are registered trademarks of CIBC, used under license.
