CIBC 2027 U.S. Investment Grade Bond Fund [Series A]

To provide income over a pre-determined time period by investing in a portfolio consisting primarily of Canadian-dollar denominated bonds with an effective maturity in 2025. The Fund's termination date is anticipated to be on or about November 30, 2025 (the "2025 Termination Date").
Also available in Series F

Minimum Initial Investment:
Lump Sum

Initial: $500
Subsequent: $100

Distributions: The Fund intends to distribute net income monthly and net realized capital gains annually in December.
Pre-Authorized Chequing Investment: $50 minimum investment for monthly, quarterly, semi-annual or annual deposit.
Systematic Withdrawal Plan: With minimum initial account value of $10,000. Withdrawals may be made monthly, quarterly, semi-annually or annually. $50 minimum.
Inception DateJul 5, 2024
Fund CodeATL7032
Assets Under Management ($000)
As at : 06/28/2024

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.

profile photo of Steven Lampert

Steven Lampert

Associate Portfolio Manager, Global Fixed Income

Steven Lampert is an Associate Vice President with the Global Fixed Income team responsible for several sectors in the investment grade corporate bond universe. He is responsible for in-depth fundamental research and idea generation for portfolios across corporate bond mandates, including supporting CIBC Asset Management’s ESG initiatives.

Mr. Lampert holds an MBA from the Rotman School of Management and a Master of Global Affairs (MGA) from the Munk School of Global Affairs at the University of Toronto. He also holds a Bachelor of Arts degree in Economics from McGill University.

Profile of Guarav Dhiman

Gaurav Dhiman, CFA

Portfolio Manager, Global Fixed Income

Gaurav Dhiman is responsible for corporate bond portfolio management.

Prior to joining CIBC Asset Management in 2018, Mr. Dhiman was a portfolio manager at Cumberland Private Wealth. At Cumberland, he was solely responsible for the management, research and trading of a high net worth fixed income portfolio. Mr. Dhiman previously worked at Aviva Investors as a portfolio manager and BMO Capital Markets as a research analyst.

Mr. Dhiman holds an MBA degree from the University of Toronto and a Bachelor of Science degree in Computer Engineering from Iowa State University. He is also a CFA charterholder and a member of the CFA Society of Toronto.

Style

Investment style chart: short-term and A
Fixed Income Strategy †† Net Rates

Term to Maturity (Years) ††Duration (Years) ††Average YTM (%) ††
As of N/A 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
N/AN/AN/AN/AN/AN/AN/AN/A
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

Securities regulations do not allow us to report performance for a mutual fund that has been available for less than one year.

††Please refer to the Annual/Interim Management Reports of Fund Performance for further details.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The indicated rates of return are the historical annual compounded total returns, as at the date indicated 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

This document is provided for informational purposes only and is not intended to provide specific financial, investment, tax, legal or accounting advice for you, and should not be relied upon in that regard or be considered predictive of any future market performance. Any information or discussion about the current characteristics of this fund or how the portfolio manager is managing the 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. You should not act or rely on the information without seeking the advice of a professional.

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