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About CIBC CANADIAN SHORT TERM BOND INDEX COM UNIT
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Inception date
Jan 23, 2023
Structure
Canadian Mutual Fund Trust (ON)
Primary advisor
CIBC Asset Management, Inc.
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.
Classification
What's in the fund
Exposure type
Government
Corporate
Bonds, Cash & Other100.00%
Government60.24%
Corporate39.60%
Cash0.16%
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