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CIBC
A target-maturity bond fund winding down toward 2031, unhedged, for 0.15% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Bond exposure maturing in 2031. This fund holds bonds that wind down toward 2031, a structure whose rate sensitivity declines as the maturity date approaches. Duration was about 4.6 years, so rate changes had a meaningful effect on price.
Source: fund provider disclosure.
The management fee was 0.15% a year, or about $15 for every $10,000 held. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $13M· net assets |
| Leverage / overlay | None |
What moved the price
| Ticker | CTBG.NE |
| Exchange | Cboe Canada |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Fixed Income |
| Structure | Physical (holds securities) |
| Theme | Investment Grade Corporate |
| Geography | Canada |
| Provider | CIBC |
| Mgmt fee | 0.15% |
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Prices as of last close.
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