Inception Return
(9/16/2013)
|
5.88 %
|
|
YTD Return
|
0.34 %
|
|
NAVPS
(7/9/2020)
|
$10.54
|
|
Change
|
$0.06 / 0.55 %
|
|
|
Growth of $10,000
(As of June 30, 2020)
|
|
MER
|
1.80 %
|
|
Assets ($mil)
|
$644.93
|
|
Rank (1Yr)
|
5/117
|
|
Std Dev (3Yr)
|
6.50 %
|
|
Volatility Ranking (3Yr)
|
2/10
|
|
RRSP Eligibility
|
Yes
|
|
Load
|
Choice of Front or Back
|
|
Max Front End
|
5.00 %
|
|
Max Back End
|
5.50 %
|
|
Sales Status
|
Open
|
|
|
Objective
To generate a high level of current income, primarily through investment in senior floating rate loans and other floating rate debt instruments as well as lower-rated debt securities, of issuers located anywhere in the world.
|
Management Co.
CIBC Asset Management Inc.
Managers
CIBC Asset Management Inc., Ares Capital Management LLC
|
|
Asset Allocation
(As of June 30, 2020)
|
Sector Allocation
(As of June 30, 2020)
|
Geographic Allocation
(As of June 30, 2020)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| Cash and Cash Equivalents | Cash and Equivalents | Cash and Cash Equivalent | United States | 3.56% |
| APPLIED SYSTEMS 9/17 COV-LITE | Foreign Bonds | Fixed Income | United States | 1.18% |
| Cambrex Corp 04-Dec-2026 | Foreign Bonds | Fixed Income | United States | 1.15% |
| Sotera Health Holdings 13-Dec-2026 | Foreign Bonds | Fixed Income | United States | 1.04% |
| Acrisure LLC 8.13% 15-Feb-2021 | Cash and Equivalents | Cash and Cash Equivalent | United States | 0.97% |
| ANCHOR PACKAGING 7/19 COV-LITE | Foreign Bonds | Fixed Income | United States | 0.97% |
| ERESEARCH TECHNOLOGY 2/20 TL | Foreign Bonds | Fixed Income | United States | 0.95% |
| BWAY 3/17 TLB | Foreign Bonds | Fixed Income | United States | 0.93% |
| Iridium Satellite LLC 04-Nov-2026 | Foreign Bonds | Fixed Income | United States | 0.93% |
| Hanger Inc 06-Mar-2025 | Foreign Bonds | Fixed Income | United States | 0.93% |
Performance Data
(As of June 30, 2020)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
-0.84
|
3.61
|
0.34
|
0.34
|
2.87
|
3.14
|
3.71
|
-
|
|
Benchmark
|
0.38
|
6.69
|
0.60
|
0.60
|
3.62
|
4.60
|
6.47
|
9.16
|
|
Quartile Ranking
|
4
|
4
|
1
|
1
|
1
|
1
|
1
|
-
|
|
Calendar Return (%)
|
2019
|
2018
|
2017
|
2016
|
2015
|
2014
|
2013
|
2012
|
2011
|
2010
|
|
Fund
|
3.75
|
7.06
|
-3.71
|
3.39
|
17.70
|
9.41
|
-
|
-
|
-
|
-
|
|
Benchmark
|
7.98
|
5.36
|
2.96
|
10.80
|
14.93
|
8.91
|
15.20
|
16.66
|
5.18
|
7.95
|
|
Quartile Ranking
|
4
|
1
|
4
|
4
|
1
|
1
|
-
|
-
|
-
|
-
|