The fund's investment objective is to provide a positive total net return over a full market cycle, regardless of general market direction, by investing primarily in long and short positions in North American corporate and government fixed-income securities.
In pursuing the Fund's investment objective, the Portfolio Advisor:
- Will use both long and short positioning in a variety of corporate and government instruments.
- Utilize strategies based on both fundamental credit and macroeconomic views,as well as systematic strategies that may be used to generate positions in credit risk premiums using leverage.
Also available as Series F
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $50
| Front-End Load Option | ATL5056 |
|---|---|
| Inception Date | Jun 3, 2022 |
|---|---|
| Fund Code | ATL5056 |
| Assets Under Management ($000) As at : 08/31/2024 | $63,047 |
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.
Jacques Prévost
First Vice-President, Global Fixed Income
Jacques Prévost specializes in active corporate bond management applied to both asset-only and asset-liability portfolios. He also oversees a team responsible for quantitative and structured solutions, and contributes to the firm's research specialization model. Mr. Prévost holds an Honours Bachelor of Science degree from the University of Toronto. He is also a CFA charterholder.
Gaurav Dhiman, CFA
Portfolio Manager, Global Fixed Income
Gaurav Dhiman is responsible for corporate bond portfolio management.
Prior to joining CIBC Am 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.
Ebad Saif, CFA, Client Portfolio Manager,Global Fixed Income
Ebad Saif is a member of the Client Portfolio Management team covering fixed income. As an integral member of the group, Mr. Saif works with the institutional and retail investment community to deliver solutions that leverage the strengths of the Fixed Income team.
| 3 mo | 6 mo | YTD | 1 yr | 3 yrs | 5 yrs | 10 yrs | Since Inception |
|---|---|---|---|---|---|---|---|
| 1.5% | 3.6% | 6.2% | 8.6% | N/A | N/A | N/A | 7.8% |
As at: 08/31/2024
| 2023 |
|---|
| 8.5% |
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.
†Please refer to the Annual/Interim Management Reports of Fund Performance for further details.
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.
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 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.
The CIBC Alternative Credit Strategy fund is permitted to invest in certain assets and employ alternative investment strategies generally prohibited by conventional mutual funds. The CIBC [Alternative Credit 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 information does not constitute legal or tax advice.
The CIBC Alternative Credit Strategy fund is permitted to invest in certain assets and employ alternative investment strategies generally prohibited by conventional mutual funds. The CIBC Alternative Credit Strategy fund may use leverage through the use of derivatives, short sales, and/or borrowing within prescribed limits.
Past performance may not be repeated. The material and/or its contents may not be reproduced without the express written consent of CIBC Asset Management Inc.
