The Fund's investment objective is to achieve a positive absolute return that exceeds the return of the Government of Canada 91-day treasury bills over rolling three-year periods, regardless of the prevailing economic conditions, by actively managing a diversified portfolio with direct and indirect exposure primarily to equity securities, fixed income securities, commodities, currencies, and derivatives investments.
In pursuing the Fund's investment objective, the Portfolio Advisor:
- Aims to achieve a positive absolute return by targeting, over rolling three-year periods, an annualized return of 5% in excess of the Government of Canada 91-day treasury bills (gross of fees and expenses)
- Aims to achieve an annualized volatility, under normal market conditions, at a level that is generally half the volatility of global equities represented by the MSCI AC World Index (CAD) measured over the same three-year rolling periods
Additional Fund Information
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
| Inception Date | Oct 22, 2018 |
|---|---|
| Fund Code | ATL5012 |
| Assets Under Management ($000) As at : 08/31/2024 | $563,655 |
CIBC Asset Management (CIBC AM) 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.
Francis Thivierge, CFA
Senior Portfolio Manager, Multi-Asset & Currency Management
Francis Thivierge leads the portfolio management activities for multi-asset strategies. In this role, he determines the strategies across equities, bonds and other asset classes and oversees their implementation in portfolios. Mr. Thivierge is also responsible for the development of investment processes underpinning the asset allocation and multi-asset strategies. Mr. Thivierge joined CIBC Asset Management's predecessor firm in 1996. Prior to his current role, he held various positions on the Derivatives team, including Vice-President, Assistant Vice-President and Quantitative Analyst. Mr. Thivierge holds a Master of Finance from Université de Sherbrooke and a Bachelor of Actuarial Science Degree from Laval University. He is also a CFA charterholder.
Michael Sager, Ph. D.
Managing Director & Head, Multi-Asset & Currency Management
Michael Sager is a member of the CIBC Client Portfolio Manager team. Dr. Sager partners with all CIBC distribution channels to deliver targeted thought leadership, education, and investment perspective to clients and consultants.
Bernard Augustin
Director, Quantitative Research, Multi-Asset & Currency Management
Bernard Augustin leads the Quantitative Research group within the Multi-Asset & Currency Management team. He is responsible for evaluating, enhancing & developing quantitative research procedures and tools.
Prior to joining CIBC Asset Management in 2020, Mr. Augustin was Deputy Chief Investment Officer at Fiera Capital. Previously, he held portfolio management and head of research roles in fixed income (Addenda Capital), equity & derivatives (Ontario Teachers') teams. He served as Head of Public Markets at PSP Investments and National Practice Leader for Financial Risk Consulting at Aon. He started his investment career at BARRA in equity risk modelling and consulting.
Mr. Augustin holds Master & Bachelor (Honours) of Economics degrees from Concordia University.
Giuseppe Pietrantonio, CFA
Associate, Client Portfolio Manager - Multi-Asset & Currency Management
Giuseppe Pietrantonio is a member of the CIBC Client Portfolio Manager team. Mr. Pietrantonio partners with all CIBC distribution channels to deliver targeted thought leadership, education, and investment advice and perspective to clients and consultants.
Mr. Pietrantonio started his career with CIBC Asset Management in 2011. In his most recent position, he was a Manager on the Trading Systems team where he developed and implemented a currency management system. Prior to that, he held the positions of Portfolio Analyst and Corporate Actions Coordinator.
Mr. Pietrantonio holds a MBA degree and a BComm degree in Finance from Concordia University. He is also is a CFA charterholder and a member of the CFA Society of Montreal.
| 3 mo | 6 mo | YTD | 1 yr | 3 yrs | 5 yrs | 10 yrs | Since Inception |
|---|---|---|---|---|---|---|---|
| (1.9%) | (1.8%) | 3.6% | 4.2% | (2.0%) | 0.1% | N/A | 0.4% |
As at: 08/31/2024
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| 3.1% | (12.3%) | (0.3%) | 7.30% | 0.7% | N/A | N/A | N/A | N/A | N/A |
Value of $10,000 invested since inception
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.
There can be no guarantee that the Fund will achieve its return and volatility targets. All investment performance is inherently subject to significant uncertainties and contingencies, many of which are beyond the Manager's control. In considering the return and volatility targets, you should bear in mind that such targeted performance and volatility is not a guarantee, projection or prediction and is not indicative of future results of the Fund.
The fund will make significant use of derivatives. The fund may use derivatives such as futures, forwards, swaps, options, covered warrants, debt like securities which have an option component or any combination of these instruments, the value of which is based upon the market price value or level of an index, or the market price or value of a security, currency, commodity or financial instrument. Derivative instruments may be used for the following purposes: to hedge, gain or reduce portfolio exposures. The fund may also use derivatives for currency management purposes. The fund's use of derivatives may introduce leverage into the fund. Leverage occurs when the fund's notional exposure to underlying assets is greater than the amount invested and is an investment technique that can magnify gains and losses. The information does not constitute legal or tax advice.
The Fund pays a management fee and fixed administration fee to the Manager in respect of Series A, Series F and Series O units. The Fund also pays fund costs and transaction costs. For more information about the fees and costs of the Fund, please read the prospectus.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Renaissance Investments family of funds simplified prospectus before investing. The indicated rates of return are the historical annual compounded total returns for the class A units 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 funds are not guaranteed. The values of many mutual funds change frequently. Past performance may not be repeated.
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. 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. 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.
Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed.
The CIBC Multi Asset Absolute Return Strategy fund is permitted to invest in certain assets and employ alternative investment strategies generally prohibited by conventional mutual funds. The CIBC Multi Asset Absolute Return Strategy fund may use leverage through the use of derivatives, short sales, and/or borrowing within prescribed limits.
The fund may also use derivatives for currency management purposes. The fund’s use of derivatives may introduce leverage into the fund. Leverage occurs when the fund’s notional exposure to underlying assets is greater than the amount invested and is an investment technique that can magnify gains and losses.
The material and/or its contents may not be reproduced without the express written consent of CIBC Asset Management Inc.
