About CIBC Income Advantage Fund Trust Units
Home page
Inception date
May 21, 2025
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Physical
Dividend treatment
Distributes
Primary advisor
CIBC Asset Management, Inc.
ISIN
CA17164J1049
The fund actively manages a portfolio of AAA-rated USD-denominated floating-rate collateralized loan obligations (CLOs). It will not invest in CLOs with a rating below A-. These CLOs are primarily backed by senior loans and are secured by the assets of the underlying obligor. CLOs are also considered an actively managed vehicle backed by a diversified pool of first lien broadly syndicated corporate loans. In selecting the portfolio, the fund uses a bottom-up approach to assess its alignment with the investment strategy. To protect the fund from non-Canadian dollar currency fluctuations, it will implement a currency hedging strategy. The fund may utilize derivatives such as options, futures, and swaps for hedging, managing risks, or enhancing gains.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
No, CCLO doesn't pay dividends to its holders.
CCLO shares are issued by Canadian Imperial Bank of Commerce under the brand CIBC. The ETF was launched on May 21, 2025, and its management style is Active.
CCLO follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.