CIBC Balanced Passive Portfolio

Investment objective:

The Portfolio seeks to achieve a balance of income and long-term capital growth by investing primarily in a diverse mix of fixed income and equity mutual funds that employ passive investment strategies (that may include exchange-traded funds).


Investment strategies:

To achieve its investment objectives, the Portfolio:

  • Invests up to 100% of the Portfolio's assets in units of the Underlying Funds
  • Invests primarily in global index mutual funds, which are funds that may invest their assets anywhere in the world
  • Has, under normal market conditions, a long-term strategic asset mix generally expected to be of:
    • Fixed income (50%), and
    • Equities (50%)
  • May invest in index participation units

Aside from cash and cash equivalents, the Portfolio holds units of its Underlying Funds, which may be managed by CIBC or its affiliates.

Rate information


The Portfolio may be suitable for:

  • Investors seeking a balance of income and long-term capital growth
  • Those who can tolerate low to medium investment risk
  • Those investing for the medium to long term


What are the risks of investing in the Fund?

The Portfolio is built based on a strategic asset allocation. In implementing this strategy, it will invest invest in a number of Underlying Funds in order to get the desired asset allocation. The performance of the Portfolio will be related to the performance of the Underlying Funds held by the Portfolio.

The risks associated with the Portfolio will reflect the risks of the Underlying Funds in which the Portfolio invests. The amount of risk the Portfolio takes on from each of the Underlying Funds is directly proportional to the amount invested in each of the Underlying Funds.

The Portfolio may be exposed to capital depreciation risk, class risk, commodity risk, concentration risk, currency risk, derivative risk, emerging markets risk, equity risk, exchange-traded fund risk, fixed income risk, foreign market risk, general market risk, index risk, large investor risk, liquidity risk, sector risk, securities lending, repurchase, and reverse repurchase agreements risk, smaller companies risk and sovereign debt risk.

For more details, read the Simplified Prospectus (PDF, 1.3 MB) .


Distribution policy:

The Portfolio intends to distribute net income quarterly and net realized capital gains annually in December. Distributions are automatically reinvested in additional units of the Fund unless you request otherwise.

If the monthly amount distributed exceeds the Portfolio's net income and net realized capital gains, such excess will constitute a return of capital. Generally, the Portfolio expects that the total amount of any returns of capital made by the Portfolio in any year should not exceed the amount of the net unrealized appreciation in the Portfolio's assets for the year. A distribution to you by the Portfolio that is a return of capital will not generally be included in your income. Such a distribution, however, will generally reduce the adjusted cost base of your units of the Portfolio and may, therefore, result in you realizing a taxable capital gain on a future disposition of the units. Further, to the extent that the adjusted cost base of your units of the Portfolio would otherwise be a negative amount as a result of you receiving a distribution on units that is a return of capital, the negative amount will be deemed to be a capital gain realized by you from a disposition of the units and your adjusted cost base of the units would be increased by the amount of such deemed gain. Read Income Tax Considerations for Investors. Depending on market conditions, a significant portion of the Portfolio's distribution may be a return of capital for a certain period of time. The amount of the distributions is not guaranteed and may change from time to time without notice to unitholders.


Portfolio performance is not available, as the portfolio has existed for less than one year.

The Portfolio's Underlying Funds and their percentage weightings may change from time to time. The Portfolio Advisor may also remove or add an Underlying Fund to the Portfolio or change the rebalancing triggers. Such changes may occur at any time at the discretion of the Portfolio Advisor without notice to unitholders and without filing an amendment to the simplified prospectus.

* Volatility (low to high): The lower the volatility ranking, the lower the risk of the fund. Funds with a volatility ranking of high are the most risky.

** Other dealers may have different minimum dollar requirements.

View CIBC Mutual Funds Financial Reports and Prospectuses