CIBC Active Investment Grade Corporate Bond ETF
CACB.TO
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- CIBC Active Investment Grade Corporate Bond ETF (CACB.TO) is an exchange-traded fund that seeks to generate a high level of current income while preserving capital by investing primarily in investment-grade bonds, debentures, notes and other debt instruments of Canadian issuers; its portfolio emphasizes corporate bonds (84.2%), foreign currency bonds (7.8%), provincial government and guaranteed bonds (4.6%), and municipal government and guaranteed bonds (2.0%), with top holdings including Toronto-Dominion Bank variable rate callable notes, TELUS Corp. callable bonds, and Bank of Nova Scotia variable rate callable notes as of August 31, 2025. The ETF employs fundamental analysis with a bottom-up and top-down security selection approach to benchmark the FTSE Canada All Corporate Bond Index, maintaining a low volatility risk rating, monthly net income distributions, and exposure limited to no more than 30% in foreign issuers. Launched on January 22, 2019 and managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce, the ETF trades on the Toronto Stock Exchange in Canadian dollars with headquarters at CIBC Square, 81 Bay Street, Toronto, Ontario. In recent developments, the ETF announced a management fee reduction from 0.35% to 0.25% effective November 1, 2025, alongside ongoing monthly cash distributions as part of CIBC Asset Management's expansions in ETF offerings, including four new covered call and all-equity ETFs launched in August 2025; assets under management reached $1.91 billion as of August 31, 2025, with an expense ratio of 0.40%. The fund targets medium-term investors seeking exposure to Canadian fixed income markets, particularly investment-grade corporate bonds, with reduced interest rate sensitivity through active management.