Key stats
About CIBC 2027 U.S. Investment Grade Bond Fund
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Inception date
Jul 16, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
CIBC Asset Management, Inc.
ISIN
CA12571G1081
The fund seeks to provide exposure to USD-denominated bonds with an effective maturity in 2027. The fund will terminate on or about Nov. 30, 2027 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 US T-bills. This structure permits the fund to be used as a building block for a bond ladder. 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%
Corporate95.49%
Government4.17%
Cash0.34%
Stock breakdown by region
North America92.82%
Europe7.18%
Latin America0.00%
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
CTUE.U invests in bonds. The fund's major sectors are Corporate, with 95.49% stocks, and Government, with 4.17% of the basket. The assets are mostly located in the North America region.
CTUE.U top holdings are Caterpillar Financial Services Corporation 1.1% 14-SEP-2027 and Toyota Motor Credit Corporation 1.15% 13-AUG-2027, occupying 3.71% and 3.62% of the portfolio correspondingly.
CTUE.U assets under management is 3.36 M USD. It's risen 0.23% over the last month.
CTUE.U fund flows account for 2.89 M USD (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, CTUE.U doesn't pay dividends to its holders.
CTUE.U 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.
CTUE.U follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CTUE.U invests in bonds.
CTUE.U price has risen by 0.24% over the last month, and its yearly performance shows a 2.13% increase. See more dynamics on CTUE.U price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.29% over the last month, showed a 0.97% increase in three-month performance and has increased by 4.75% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.29% over the last month, showed a 0.97% increase in three-month performance and has increased by 4.75% in a year.
CTUE.U trades at a premium (0.25%) meaning the ETF is trading at a higher price than the calculated NAV.