CIBC Announces Changes to its Mutual Fund Lineup

TORONTO, June 25, 2020 /CNW/ - CIBC (TSX: CM) (NYSE: CM) - CIBC today announced the lowering of initial minimum investments for CIBC Passive Portfolios, the renaming of classes on select mutual funds, and the expansion of its offering.

Lowering of CIBC Passive Portfolios' initial minimum investments

Effective on or about June 25, 2020, CIBC will lower the initial minimum investment requirements on the below portfolios.

Fund	Current Initial Investment Minimum	New Initial Investment Minimum
CIBC Conservative Passive Portfolio – Class A	$5,000	$500
CIBC Conservative Passive Portfolio – Class F	$5,000	$500
CIBC Balanced Passive Portfolio – Class A	$5,000	$500
CIBC Balanced Passive Portfolio – Class F	$5,000	$500
CIBC Balanced Growth Passive Portfolio – Class A	$5,000	$500
CIBC Balanced Growth Passive Portfolio – Class F	$5,000	$500

Renaming of Institutional Class to Class F-Premium

Effective on or about July 6, 2020, CIBC will be renaming the Institutional Class of mutual funds, currently available for certain index funds, to Class F-Premium as described below.

Fund	Current Class Name	New Class Name
CIBC Canadian Short-Term Bond Index Fund	Institutional Class	Class F-Premium
CIBC Canadian Bond Index Fund	Institutional Class	Class F-Premium
CIBC Global Bond Index Fund	Institutional Class	Class F-Premium
CIBC Balanced Index Fund	Institutional Class	Class F-Premium
CIBC Canadian Index Fund	Institutional Class	Class F-Premium
CIBC U.S. Broad Market Index Fund (including U.S. dollar purchase option)	Institutional Class	Class F-Premium
CIBC U.S. Index Fund	Institutional Class	Class F-Premium
CIBC International Index Fund	Institutional Class	Class F-Premium
CIBC European Index Fund	Institutional Class	Class F-Premium
CIBC Emerging Markets Index Fund	Institutional Class	Class F-Premium
CIBC Asia Pacific Index Fund	Institutional Class	Class F-Premium
CIBC Nasdaq Index Fund (including U.S. dollar purchase option)	Institutional Class	Class F-Premium

Expansion of Class F and Class F-Premium offering

Effective on or about July 6, 2020, CIBC will be expanding its offering by adding new Class F and Class F-Premium units to the funds mentioned below.

Fund	New Class of Units
Savings Funds
CIBC Canadian T-Bill Fund	Class F and Class F-Premium units
CIBC Money Market Fund	Class F and Class F-Premium units
CIBC U.S. Dollar Money Market Fund	Class F and Class F-Premium units
Income Funds
CIBC Short-Term Income Fund	Class F and Class F-Premium units
CIBC Canadian Bond Fund	Class F and Class F-Premium units
CIBC Monthly Income Fund	Class F units
CIBC Global Bond Fund	Class F units
CIBC Global Monthly Income Fund	Class F units
Growth Funds
CIBC Balanced Fund	Class F units
CIBC Dividend Income Fund	Class F units
CIBC Dividend Growth Fund	Class F units
CIBC Canadian Equity Fund	Class F units
CIBC Canadian Equity Value Fund	Class F units
CIBC Canadian Small-Cap Fund	Class F units
CIBC U.S. Equity Fund	Class F units (including U.S. dollar purchase option)
CIBC U.S. Small Companies Fund	Class F units (including U.S. dollar purchase option)
CIBC Global Equity Fund	Class F units
CIBC International Equity Fund	Class F units
CIBC European Equity Fund	Class F units
CIBC Emerging Markets Fund	Class F units
CIBC Asia Pacific Fund	Class F units
CIBC International Small Companies Fund	Class F units
CIBC Financial Companies Fund	Class F units
CIBC Canadian Resources Fund	Class F units
CIBC Energy Fund	Class F units
CIBC Canadian Real Estate Fund	Class F units
CIBC Precious Metals Fund	Class F units
CIBC Global Technology Fund	Class F units (including U.S. dollar purchase option)
Index Funds
CIBC Canadian Short-Term Bond Index Fund	Class F units
CIBC Canadian Bond Index Fund	Class F units
CIBC Global Bond Index Fund	Class F units
CIBC Balanced Index Fund	Class F units
CIBC Canadian Index Fund	Class F units
CIBC U.S. Broad Market Index Fund	Class F units (including U.S. dollar purchase option)
CIBC U.S. Index Fund	Class F units
CIBC International Index Fund	Class F units
CIBC European Index Fund	Class F units
CIBC Emerging Markets Index Fund	Class F units
CIBC Asia Pacific Index Fund	Class F units
CIBC Nasdaq Index Fund	Class F units (including U.S. dollar purchase option)
Managed Portfolios
CIBC Managed Income Portfolio	Class F, Class FT4 and Class FT6 units
CIBC Managed Income Plus Portfolio	Class F, Class FT4 and Class FT6 units
CIBC Managed Balanced Portfolio	Class F, Class FT4, Class FT6 and Class FT8 units
CIBC Managed Monthly Income Balanced Portfolio	Class F, Class FT6 and Class FT8 units
CIBC Managed Balanced Growth Portfolio	Class F, Class FT4, Class FT6 and Class FT8 units
CIBC Managed Growth Portfolio	Class F, Class FT4, Class FT6 and Class FT8 units
CIBC Managed Aggressive Growth Portfolio	Class F, Class FT4, Class FT6 and Class FT8 units
CIBC U.S. Dollar Managed Income Portfolio	Class F, Class FT4 and Class FT6 units
CIBC U.S. Dollar Managed Balanced Portfolio	Class F, Class FT4, Class FT6 and Class FT8 units
CIBC U.S. Dollar Managed Growth Portfolio	Class F, Class FT4, Class FT6 and Class FT8 units

Additionally, effective on or about August 4, 2020, CIBC Asset Management Inc., as manager, will be offering Class F on the Renaissance Canadian T-Bill Fund.

About CIBC

CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.

About CIBC Asset Management

CIBC Asset Management, Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. CAM's offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. CAM is one of Canada's largest asset management firms, with over $140 billion in assets under administration as of May 2020.

SOURCE CIBC Asset Management

Tom Wallis, 416-980-4048 or [email protected]

Related Links

www.cibc.com