CIBC ETFs are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce. Commissions, management fees and expenses all may be associated with investments in exchange traded funds (ETFs). Read the CIBC ETFs prospectus or ETF Facts document before investing. To get a copy, ask your advisor, call 1-888-888-3863Opens your phone app. or visit CIBC.com/etfs. ETFs aren’t guaranteed, their values change frequently and past performance may not be repeated.
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CIBC Active Investment Grade Floating Rate Bond ETF (CAFR) was awarded the 2024 FundGrade A+® Award in the Canadian Short Term Fixed Income CIFSC category. The FundGrade A+® Award is calculated from December 31, 2019 to December 31, 2024 out of a total of 86 funds. Performance for the fund for the period ended December 31, 2024 is as follows: 5.2% (1 year), 4.0% (3 years), 2.7% (5 years), N/A (10 years) and 2.6% (since inception on January 22, 2019) net of fees.
FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, visit FundGrade A+® Awards Opens a new window.. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.
