About CIBC PREMIUM CASH MANAGEMENT ETF UNITS COM ETF
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Inception date
May 14, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
CIBC Asset Management, Inc.
The fund aims for a high level of income while preserving capital and maintaining liquidity, by investing primarily in investment grade Canadian money market securities. Money market securities include treasury bills issued by Canadian governments, bankers' acceptances of Canadian chartered banks and commercial paper of Canadian corporations with remaining term to maturity of one year or less. Through its actively managed mandate, the fund allows the portfolio manager to have full discretion in adjusting the portfolio at any time, including its allocation based on maturity and credit quality. Adjustments to the portfolio is based on a review of macroeconomic and capital market conditions inside and outside of Canada. The fund may invest in CAD-denominated securities of foreign issuers not expected exceeding 20%. The fund may engage in securities lending, repurchase and reverse repurchase transactions for additional income.
Classification
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CCAD trades at 50.05 CAD today, its price has risen 0.02% in the past 24 hours. Track more dynamics on CCAD price chart.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
No, CCAD isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, CCAD doesn't pay dividends to its holders.
CCAD shares are issued by Canadian Imperial Bank of Commerce
CCAD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 14, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.