Key stats
About CIBC Canadian Short-Term Bond Index ETF Trust Units
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Inception date
Jan 23, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
CIBC Asset Management, Inc.
ISIN
CA12569M1095
The fund provides broad exposure to Canadian bonds with maturities of between one to five years. The fund tracks an index of short-term, fixed-rate, CAD-denominated securities that are rated investment grade. The portfolio may include both government and corporate bonds. However, to ensure equal weighting between public and private sectors, the fund caps government bonds to 50% on a pro-rata basis, with any excess weight redistributed to corporate issuers in the index. The fund excludes securitized/covered bonds and securities by supranational issuers. The market value-weighted index is reconstituted and rebalanced monthly.
Related funds
Classification
What's in the fund
Exposure type
Government
Corporate
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CSBI trades at 20.80 CAD today, its price has fallen −0.29% in the past 24 hours. Track more dynamics on CSBI price chart.
CSBI net asset value is 20.84 today — it's risen 0.57% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CSBI assets under management is 25.00 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CSBI price has risen by 0.29% over the last month, and its yearly performance shows a 0.39% increase. See more dynamics on CSBI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.57% over the last month, showed a 0.94% increase in three-month performance and has increased by 3.03% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.57% over the last month, showed a 0.94% increase in three-month performance and has increased by 3.03% in a year.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CSBI invests in bonds. See more details in our Analysis section.
CSBI expense ratio is 0.08%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CSBI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, CSBI pays dividends to its holders with the dividend yield of 2.74%.
CSBI trades at a premium (0.05%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CSBI shares are issued by Canadian Imperial Bank of Commerce
CSBI follows the Morningstar Canada 1-5 Yr Core Bond Index - CAD - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 23, 2023.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.