CIBC Active Investment Grade Corporate Bond ETF

CIBC Active Investment Grade Corporate Bond ETF (referred to as the CIBC ETF) seeks to generate a high level of current income while preserving capital by investing primarily in bonds, debentures, notes and other debt instruments of Canadian issuers. The CIBC ETF invests primarily in Canadian investment grade corporate bonds based primarily on security selection, sector allocation, and average term-to-maturity. Portoflio assets are allocated to those securities and sectors of the corporate bond market that the portfolio advisor expects will outperform. The CIBC ETF undertakes a bottom-up analysis of corporate bond issuers combined with top-down analysis of a sectors potential in a given economic environment.