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.

CIBC (CNW Group/CIBC Asset Management)

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

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