CIBC Asset Management announces changes to mutual fund line-up

CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management (CAM) today announced a number of changes to its mutual fund line-up, including portfolio management changes, management fee reductions, and fund name changes.

Portfolio management changes

Effective on or about March 14, 2025, portfolio management responsibilities for the following funds will be assumed or reallocated to the portfolio sub-advisor as follows:

Fund Portfolio management responsibilitiesCIBC Emerging Markets Fund Mackenzie Financial CorporationRenaissance Emerging Markets Fund Mackenzie Financial CorporationCIBC Emerging Markets Equity Private Pool Mackenzie Financial CorporationImperial Emerging Economies Pool Mackenzie Financial Corporation

Effective on or about April 15, 2025, portfolio management responsibilities for the following funds will be assumed or reallocated to the portfolio advisor and/or portfolio sub-advisor(s) as follows:

Fund Portfolio management responsibilitiesRenaissance Global Bond Fund CIBC Asset Management Inc.CIBC Global Bond Private Pool CIBC Asset Management Inc. PIMCO Canada Corp.Imperial International Bond Pool CIBC Asset Management Inc.PIMCO Canada Corp.

Management fee reductions

Effective on or about March 14, 2025, the management fees for the following funds will be reduced as indicated below.

Fund Class Management fee Current NewCIBC Emerging Markets Fund A 2.25% 1.75%F 1.25% 0.75%CIBC Emerging Markets Equity Private Pool C 2.05% 1.90% I 1.05% 0.90%

Effective on or about April 15, 2025, the management fees for the following funds will be reduced as indicated below.

Fund Class Management fee Current NewRenaissance Global Bond Fund A 1.25% 1.00%F 0.75% 0.50%Premium* 1.25% 1.00%F-Premium* 0.75% 0.50%CIBC Global Bond Private Pool Premium** 0.95% 0.90%Premium T4** 0.95% 0.90%Premium T6** 0.95% 0.90%C 1.00% 0.95%F-Premium** 0.45% 0.40%F-Premium T4** 0.45% 0.40%F-Premium T6** 0.45% 0.40%N-Premium** 0.45% 0.40%N-Premium T4** 0.45% 0.40%N-Premium T6** 0.45% 0.40%I 0.50% 0.45%*Closed to new purchases; **includes all associated U.S. dollar purchase options

Fund name changes

Effective on or about May 1, 2025, the following funds will be renamed as described below.

Current fund name New fund nameRenaissance Global Science & Technology Fund Renaissance Global Innovation FundCIBC Global Technology Fund CIBC Technology Innovation Fund

These changes reflect our ongoing commitment to provide best-in-class value and investment management services to our clients and help further modernize our line-up.

About CIBC

CIBC is a leading North American financial institution with 14 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 https://www.cibc.com/en/about-cibc/media-centre.html.

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 $227 billion in assets under administration as of December 2024.

SOURCE CIBC

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