CIBC ATLAS EQUITY INCOME FUND
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.1%
1 yr return
25.1%
3 Yr Avg Return
8.1%
5 Yr Avg Return
13.2%
Net Assets
$317 M
Holdings in Top 10
42.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.90%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$250,000
IRA
$250,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AWYIX - Profile
Distributions
- YTD Total Return 7.1%
- 3 Yr Annualized Total Return 8.1%
- 5 Yr Annualized Total Return 13.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.81%
- Dividend Yield 1.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameCIBC ATLAS EQUITY INCOME FUND
-
Fund Family NameAT Funds
-
Inception DateApr 30, 2010
-
Shares Outstanding5208137
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Bridges
Fund Description
The Fund seeks to achieve its investment objective by investing in publicly traded securities without regard to market capitalizations. Under normal circumstances, the Fund invests at least 80% of its net assets plus any borrowings for investment purposes, in equity securities. This investment policy may be changed by the Fund upon 60 days’ prior written notice to shareholders. The equity securities in which the Fund may invest include common stocks, preferred stocks, real estate investment trusts (“REITs”), master limited partnerships (“MLPs”) and convertible securities. The Fund may invest in securities of companies of any market capitalization, including micro-capitalization. A REIT is a security of a company that invests in real estate, either through real estate property, mortgages and similar real estate investments, or all of the foregoing. MLPs are businesses organized as limited partnerships that trade their proportionate shares of the partnership (units) on a public exchange.
The Fund may also invest up to 30% of its net assets in securities of “foreign issuers.” “Foreign issuers” include non-U.S. companies: (a) whose securities are not traded on a U.S. exchange; (b) whose securities are traded on a U.S. exchange, and denominated in U.S. dollars, in the form of American Depositary Receipts (“ADRs”); or (c) who are organized and headquartered outside the United States but whose securities are publicly traded on a U.S. exchange. The Fund may invest up to 25% of its net assets in securities of “foreign issuers” located in emerging markets. “Emerging markets” are less developed countries as defined by the investment community and included
in the Morgan Stanley Capital International Emerging Markets Index (“MSCI EM”) or that are publicly announced to be added to the MSCI EM. From time to time, the Fund may focus its investments in a particular sector, such as the information technology or financials sector.
The Fund pursues a “growth style” of investing, meaning that the Fund invests in equity securities of companies that the Adviser believes will increase their earnings at a certain rate that is generally higher than the rate expected for non-growth companies. The Fund’s investment strategy focuses on identifying stocks within multiple industry groups. The Fund seeks to generate current income while also providing capital appreciation. The Fund has wide flexibility in the types of securities used to generate a current income yield. Using quantitative and qualitative measures established by the Adviser, the Fund seeks to purchase dividend-paying and non-dividend-paying common stocks that have stronger performance relative to other dividend-paying and non-dividend-paying common stocks. The Adviser may sell the Fund’s investments for a variety of reasons, including to secure gains, limit losses or reinvest in more promising investment opportunities.
AWYIX - Performance
Return Ranking - Trailing
Period | AWYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.1% | 0.3% | 17.0% | 88.08% |
1 Yr | 25.1% | 3.7% | 53.6% | 84.09% |
3 Yr | 8.1%* | -10.3% | 30.6% | 79.95% |
5 Yr | 13.2%* | -7.9% | 109.2% | 63.54% |
10 Yr | N/A* | 0.4% | 21.0% | 74.67% |
* Annualized
Return Ranking - Calendar
Period | AWYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.1% | -42.6% | 47.4% | 71.44% |
2022 | -18.2% | -56.3% | -4.2% | 18.04% |
2021 | 21.5% | -27.2% | 53.7% | 28.73% |
2020 | 5.3% | -36.2% | 2181.7% | 82.38% |
2019 | 30.0% | -22.7% | 40.4% | 9.36% |
Total Return Ranking - Trailing
Period | AWYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.1% | 0.3% | 17.0% | 88.08% |
1 Yr | 25.1% | 3.7% | 53.6% | 84.09% |
3 Yr | 8.1%* | -10.3% | 30.6% | 79.95% |
5 Yr | 13.2%* | -7.9% | 109.2% | 63.54% |
10 Yr | N/A* | 0.4% | 21.0% | 72.49% |
* Annualized
Total Return Ranking - Calendar
Period | AWYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.4% | -5.0% | 47.4% | 84.49% |
2022 | -15.6% | -36.8% | -2.2% | 29.37% |
2021 | 28.8% | 3.0% | 124.3% | 20.29% |
2020 | 12.7% | -15.8% | 2266.0% | 77.99% |
2019 | 35.0% | -0.4% | 241.3% | 3.62% |
NAV & Total Return History
AWYIX - Holdings
Concentration Analysis
AWYIX | Category Low | Category High | AWYIX % Rank | |
---|---|---|---|---|
Net Assets | 317 M | 2.59 M | 1.55 T | 73.49% |
Number of Holdings | 45 | 1 | 4053 | 85.14% |
Net Assets in Top 10 | 119 M | 885 K | 387 B | 72.63% |
Weighting of Top 10 | 42.65% | 0.3% | 112.0% | 17.19% |
Top 10 Holdings
- MICROSOFT CORP COMMON STOCK 5.38%
- ENTERPRISE PRODUCTS PARTNERS PARTNERSHIP SHARES 5.08%
- ELI LILLY CO COMMON STOCK 4.89%
- FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND CLASS X CLASS X 4.20%
- ELEVANCE HEALTH INC COMMON STOCK 4.16%
- APPLE INC COMMON STOCK 4.05%
- ASTRAZENECA PLC-SPONS ADR DEPOSITARY RECEIPT 4.04%
- BLACKSTONE INC COMMON STOCK 3.73%
- ABBOTT LABORATORIES COMMON STOCK 3.68%
- CME GROUP INC COMMON STOCK 3.45%
Asset Allocation
Weighting | Return Low | Return High | AWYIX % Rank | |
---|---|---|---|---|
Stocks | 95.62% | 0.00% | 124.03% | 88.43% |
Cash | 4.38% | 0.00% | 99.06% | 11.57% |
Preferred Stocks | 0.00% | 0.00% | 2.38% | 87.96% |
Other | 0.00% | -13.91% | 100.00% | 84.28% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 86.51% |
Bonds | 0.00% | -0.50% | 94.15% | 87.26% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AWYIX % Rank | |
---|---|---|---|---|
Financial Services | 21.03% | 0.00% | 55.59% | 7.16% |
Technology | 19.59% | 0.00% | 48.94% | 75.89% |
Healthcare | 15.66% | 0.00% | 60.70% | 26.41% |
Industrials | 11.04% | 0.00% | 29.90% | 24.74% |
Real Estate | 10.52% | 0.00% | 31.91% | 0.40% |
Energy | 7.45% | 0.00% | 41.64% | 7.32% |
Utilities | 5.76% | 0.00% | 20.91% | 5.73% |
Consumer Cyclical | 5.64% | 0.00% | 30.33% | 91.01% |
Communication Services | 1.71% | 0.00% | 27.94% | 95.23% |
Consumer Defense | 1.61% | 0.00% | 47.71% | 96.34% |
Basic Materials | 0.00% | 0.00% | 25.70% | 99.36% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AWYIX % Rank | |
---|---|---|---|---|
US | 95.62% | 0.00% | 124.03% | 76.54% |
Non US | 0.00% | 0.00% | 62.81% | 90.30% |
AWYIX - Expenses
Operational Fees
AWYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.90% | 0.01% | 16.07% | 44.22% |
Management Fee | 0.80% | 0.00% | 1.89% | 93.48% |
12b-1 Fee | N/A | 0.00% | 1.00% | 25.79% |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
AWYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AWYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 0.25% | 2.00% | 54.35% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
AWYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 30.00% | 0.00% | 496.00% | 58.69% |
AWYIX - Distributions
Dividend Yield Analysis
AWYIX | Category Low | Category High | AWYIX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.39% | 0.00% | 25.10% | 40.52% |
Dividend Distribution Analysis
AWYIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Semi-Annually |
Net Income Ratio Analysis
AWYIX | Category Low | Category High | AWYIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.81% | -54.00% | 6.06% | 42.62% |
Capital Gain Distribution Analysis
AWYIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.196 | OrdinaryDividend |
Sep 29, 2023 | $0.263 | OrdinaryDividend |
Jun 30, 2023 | $0.218 | OrdinaryDividend |
Mar 31, 2023 | $0.279 | OrdinaryDividend |
Dec 30, 2022 | $0.195 | OrdinaryDividend |
Jun 30, 2022 | $0.214 | OrdinaryDividend |
Mar 31, 2022 | $0.215 | OrdinaryDividend |
Dec 31, 2021 | $0.266 | OrdinaryDividend |
Sep 30, 2021 | $0.094 | OrdinaryDividend |
Jun 30, 2021 | $0.063 | OrdinaryDividend |
Mar 31, 2021 | $0.103 | OrdinaryDividend |
Dec 31, 2020 | $0.454 | OrdinaryDividend |
Sep 30, 2020 | $0.090 | OrdinaryDividend |
Jun 30, 2020 | $0.074 | OrdinaryDividend |
Mar 31, 2020 | $0.069 | OrdinaryDividend |
Dec 31, 2019 | $0.246 | OrdinaryDividend |
Dec 20, 2019 | $1.275 | OrdinaryDividend |
Sep 30, 2019 | $0.063 | OrdinaryDividend |
Jun 28, 2019 | $0.059 | OrdinaryDividend |
Mar 29, 2019 | $0.053 | OrdinaryDividend |
Dec 31, 2018 | $0.198 | OrdinaryDividend |
Sep 28, 2018 | $0.056 | OrdinaryDividend |
Jun 29, 2018 | $0.092 | OrdinaryDividend |
Mar 29, 2018 | $0.101 | OrdinaryDividend |
AWYIX - Fund Manager Analysis
Managers
Robert Bridges
Start Date
Tenure
Tenure Rank
Apr 30, 2010
12.09
12.1%
Bob has been managing investment portfolios since 1988. He is actively involved in the firm’s research and investment process and serves on the firm’s Management Committee. Prior to joining Geneva, Bob worked at William Blair & Company for more than 10 years and was a Principal. He also worked at LaSalle Partners, a national real estate firm based in Chicago. Bob holds a B.A. in Economics from Northwestern University and an M.B.A. in finance and accounting from the University Of Chicago Graduate School Of Business.
John Huber
Start Date
Tenure
Tenure Rank
Apr 30, 2010
12.09
12.1%
John Huber is a managing director and co-head of Team Geneva Advisors for CIBC Wealth Management with more than 20 years of industry experience. He has been managing investment portfolios since 1994 and has been actively involved in the Geneva Advisors research and investment process and on the firm’s Management Committee. Prior to joining Geneva Advisors, which became part of CIBC in 2017, John joined William Blair & Company in 1994 and was admitted to the partnership in 1998, making him one of the youngest partners in the history of William Blair. His career began at Procter & Gamble, Inc., where he received numerous achievement commendations. John is an active alumnus of the University of Michigan, where he received a Bachelor of Arts in economics. John also spent two years at the International School of Geneva in Geneva, Switzerland. He is a member of the Young Presidents Organization (YPO), Windy City Chapter.
Gordon Scott
Start Date
Tenure
Tenure Rank
Jul 31, 2014
7.84
7.8%
Mr. Scott has been associated with the Adviser and/or its affiliates since 2017 and joined the Predecessor Adviser in 2014. Prior to 2014, Mr. Scott worked for nine years at Rail-Splitter Capital Management, most recently as a Principal overseeing the firm’s investments in services, industrials and financials. Mr. Scott is also a trustee of the Northfield (IL) Police Pension Fund, a director of the Northfield Parks Foundation and a director of the Northfield Educational Foundation Fund.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.21 | 2.42 |