CIBC High Yield Cash Fund
Investment Objective:
To maximize interest income while attempting to preserve capital and maintain some liquidity.
This Fund will be positioned between a traditional money market fund and a traditional fixed income fund. The Fund will attempt to pay a higher yield than a traditional money market fund by utilizing strategies typically associated with fixed income funds such as investing a portion of its assets in fixed income securities and by taking advantage of a longer maximum allowable average term to maturity (money market funds cannot exceed a maximum average term to maturity of 90 days).
However, the Fund will try to minimize the fluctuation in fund price typically associated with fixed income funds by investing a portion of the Fund in money market instruments and allocating the net income daily and paying it weekly.
The Fund May Be Suitable for:
- Money market investors who are willing to accept some fluctuation in principal in exchange for a potentially higher yield
- Those who want quick and easy access to their money and/or may need their money in less than one year
What Are the Risks of Investing in the Fund?
- Currency risk, derivative risk, equity risk, fixed income risk, foreign market risk, general market risk, legal and regulatory risk, securities lending, repurchase and reverse repurchase agreements risk, and significant holding risk.
- Refer to the Simplified Prospectus for more details
Please note that the CIBC High Yield Cash Fund is shown under the Income Funds category but it is actually a Savings Fund.
* Volatility (1-6): The lower the volatility ranking, the lower the risk of the fund. Funds with a volatility ranking of 6 are the most risky.
** Other dealers may have different minimum dollar requirements.
View CIBC Mutual Funds Financial Reports and Prospectuses
Disclaimers:
Important information about CIBC Securities Inc. and mutual funds
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