Inception Return
(9/16/2013)
|
7.03 %
|
|
YTD Return
|
4.07 %
|
|
NAVPS
(6/21/2019)
|
$10.87
|
|
Change
|
$0.01 / 0.12 %
|
|
|
Growth of $10,000
(As of May 31, 2019)
|
|
MER
|
1.80 %
|
|
Assets ($mil)
|
$798.88
|
|
Rank (1Yr)
|
1/60
|
|
Std Dev (3Yr)
|
6.32 %
|
|
Volatility Ranking (3Yr)
|
4/10
|
|
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.
Ares Capital Management LLC
Managers
CIBC Asset Management Inc. ("CAMI")
|
|
Asset Allocation
(As of May 31, 2019)
|
Sector Allocation
(As of May 31, 2019)
|
Geographic Allocation
(As of May 31, 2019)
|
Top 10 Holdings
| Name | Asset | Sector | Geographic | Percent |
| US DOLLAR | Cash and Equivalents | Cash and Cash Equivalent | United States | 6.52% |
| BERRY PLASTICS 5/19 COV-LITE | Foreign Bonds | Fixed Income | United States | 0.96% |
| MISTER CAR WASH 5/19 TLB | Foreign Bonds | Fixed Income | United States | 0.96% |
| Nouryon Finance BV 20-Sep-2025 | Foreign Bonds | Fixed Income | United States | 0.93% |
| St. George's University 17-Jul-2025 | Foreign Bonds | Fixed Income | United States | 0.90% |
| RADNET 1/17 TLB | Foreign Bonds | Fixed Income | United States | 0.90% |
| Uber Technologies Inc 23-Mar-2025 | Foreign Bonds | Fixed Income | United States | 0.88% |
| Forest City Enterprises Inc 07-Dec-2025 | Foreign Bonds | Fixed Income | United States | 0.85% |
| CHARTER NEX 5/17 COV-LITE TLB | Foreign Bonds | Fixed Income | United States | 0.85% |
| HANSON BUILDING 4/17 COV-LITE | Foreign Bonds | Fixed Income | United States | 0.84% |
Performance Data
(As of May 31, 2019)
|
|
Return (%)
|
Annualized Return (%)
|
|
Return
|
1
Mth
|
3
Mth
|
6
Mth
|
YTD
|
1
Yr
|
3
Yr
|
5
Yr
|
10
Yr
|
|
Fund
|
0.43
|
3.62
|
4.54
|
4.07
|
7.28
|
4.29
|
6.73
|
-
|
|
Benchmark
|
-0.70
|
3.46
|
7.20
|
5.49
|
8.86
|
7.72
|
8.19
|
11.42
|
|
Quartile Ranking
|
1
|
1
|
1
|
2
|
1
|
3
|
1
|
-
|
|
Calendar Return (%)
|
2018
|
2017
|
2016
|
2015
|
2014
|
2013
|
2012
|
2011
|
2010
|
2009
|
|
Fund
|
7.06
|
-3.71
|
3.39
|
17.70
|
9.41
|
-
|
-
|
-
|
-
|
-
|
|
Benchmark
|
5.36
|
2.96
|
10.80
|
14.93
|
8.91
|
15.20
|
16.66
|
5.18
|
7.95
|
37.56
|
|
Quartile Ranking
|
1
|
4
|
4
|
1
|
1
|
-
|
-
|
-
|
-
|
-
|