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About CIBC 2029 Investment Grade Bond Fund
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Inception date
Jul 16, 2024
Dividend treatment
Distributes
Primary advisor
CIBC Asset Management, Inc.
ISIN
CA12571U1075
The fund seeks to provide exposure to CAD-denominated bonds with an effective maturity in 2029. The fund will terminate on or about Nov. 30, 2029 or an earlier date with 60-day notice to unitholders. Similar to individual bonds, the fund provides a specific maturity date instead of perpetual exposure that are typical to many bond funds. As the fund matures, its maturity and YTM will decline. As the bonds reach maturity, portfolio will transition to cash and cash equivalents, including Canadian T-bills. This structure permits the fund to be used as a building block for a bond ladder. The fund may invest no more than 10% in foreign bonds. The fund may engage in securities lending or use derivatives, as well as other ETFs. As an actively managed ETF, the fund manager has full discretion to depart from its stated investment objectives to protect and preserve assets during a market downturn or for any other reason at any time.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate93.75%
Government5.86%
Cash0.39%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CTBE invests in bonds. The fund's major sectors are Corporate, with 93.75% stocks, and Government, with 5.86% of the basket. The assets are mostly located in the North America region.
CTBE assets under management is 27.26 M CAD. It's risen 15.93% over the last month.
CTBE fund flows account for 25.24 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, CTBE doesn't pay dividends to its holders.
CTBE shares are issued by Canadian Imperial Bank of Commerce under the brand CIBC. The ETF was launched on Jul 16, 2024, and its management style is Active.
CTBE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CTBE invests in bonds.
CTBE price has risen by 0.81% over the last month, and its yearly performance shows a 1.88% increase. See more dynamics on CTBE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.73% over the last month, showed a 1.46% increase in three-month performance and has increased by 5.11% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.73% over the last month, showed a 1.46% increase in three-month performance and has increased by 5.11% in a year.
CTBE trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.