To maximize interest income while attempting to preserve capital and maintain liquidity by investing primarily in high quality, short-term debt securities issued by the Government of Canada or any Canadian provincial government, obligations of Canadian banks and trust companies, and commercial paper with an approved credit rating.
The Fund may be suitable for:
The core part of a cash and cash equivalents portion of a diversified investment portfolio
Those who want quick and easy access to their money and/or may need their money in less than one year
For those with $100,000 to invest, the CIBC Money Market Fund - Premium Class is available
What are the risks of investing in the Fund?
Despite the Fund's intention to maintain a price of $10 per unit, there is no guarantee that such price will not go down
Asset-backed and mortgage-backed securities risk, class risk, concentration risk, derivative risk, fixed income risk, foreign market risk, general market risk, legal and regulatory risk, securities lending, repurchase and reverse repurchase agreements risk
Refer to the Simplified Prospectus for more details
* 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.