Minimum Initial Investment:
Lump Sum
Series F: $10,000
Series M: $5,000,000 1
Subsequent:
Series F / M: $5,000
Distributions: Monthly 2.
Investor eligibility: Canadian resident accredited investors only.
Redemption Gate: 5% (Quarterly).
Hard lockup: Not Applicable.
Redemption Fee: Soft lock (2% penalty if redeemed less than 1 year).
Minimum Redemption Amount: At least $10,000.
Minimum Remaining Balance: If the balance drops to below $10,000, in the next redemption, clients need to redeem all remaining units.
Benchmark/ Performance Target: Not Applicable.
Valuation Process and Timing: The NAV is posted approximately 25 calendar days after month-end
Subscription Frequency: Monthly.
Subscription Process: The purchase cut-off date is the 10th business prior to each month-end. See CIBC ASIF Purchase/Redemption Schedule.
Redemption Frequency: Quarterly.
Redemption Process: The quarterly redemption cut-off date is the last business day in February, May, August, and November. See CIBC ASIF Purchase/Redemption Schedule.
| Inception Date | Series F: Dec 15, 2023 Series M: Mar 30, 2026 |
|---|---|
| Fundserv Asset Class | Alternative investment |
| Fundserv Codes | Series F: Purchase: ATL5113 Redemption: ATL5116 Series M: Purchase: ATL5144 Redemption: ATL5145 |
| Management Fee | Series F: 0.50% Series M: 0.40% |
| Management Fee Waiver | -0.25% |
| Management Fee after Waiver 3 | Series F: 0.25% Series M: 0.15% |
| Fixed Administration Fee | N/A |
| NAV Currency | CAD |
| Valuation Frequency | Monthly |
| Permitted Account Type | Yes (non-reg & registered plans) |
| Custodian | CIBC Mellon |
| Fiscal Year End | December 31st |
| Series | 3 mo | 6 mo | YTD | 1 yr | 3 yrs | 5 yrs | 10 yrs | Since Inception |
|---|---|---|---|---|---|---|---|---|
| Series F | 1.7% | 2.9% | 2.5% | 3.8% | N/A | N/A | N/A | 6.7% |
| Series M* | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
As at: September 30, 2026 Performance figures are net of fees.
*Due to securities regulation performance is not available until one year post inception.
| Series | 2025 | 2024 |
|---|---|---|
| Series F | 7.00% | 10.20% |
| Series M | 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.
Historical Pricing and Distributions1Series M is available effective March 30, 2026. Series M is available to investors whose advisor has aggregated assets of over $5 million CAD invested in the fund, subject to dealer approval.
2Monthly distributions are targeted, but not guaranteed.
3The manager for Ares has agreed to waive a portion of, and/or provide an advisory fee reduction and/or reimburse expenses in order to maintain specific operating expense caps.
4As of September 30, 2025, Ares Client Presentation. Employee headcount includes Ivy Hill Asset Management, L.P. and Ares Insurance Solutions.
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.
The fund is a prospectus exempt fund and is not subject to the same regulatory requirements as publicly offered investment funds offered by way of prospectus.
This material does not form part of an offering document and does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities of the fund. Any such offer or solicitation may only be made through, and in accordance with, the terms of the subscription agreement and confidential offering memorandum of the fund (collectively, the “Offering Document”), and the constating documents of the fund.
Any information or discussion about the current characteristics of this fund or how the portfolio manager is managing the fund 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.
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 Global Asset Management.
®/™The CIBC logo and “CIBC Global Asset Management” are trademarks of CIBC, used under license.
CIBC Global Asset Management is a brand name under which CIBC Asset Management Inc. operates.

