CIBC Active Investment Grade Corporate Bond ETF (CACB)

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• Investment focus:Canadian investment-grade corporate bonds
• Category:Canadian corporate bonds
• Management style:Active
• Managed by:CIBC
• Market data as of:October 30, 2026

With C$2.53 billion in assets, CACB is the 20th largest of the 42 bond ETFs WOWA tracks. Its management expense ratio (MER) is 0.38%, and over the past 12 months it paid out 4.93% of its unit price in distributions.

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CIBC Active Investment Grade Corporate Bond ETF (CACB) is a bond ETF from CIBC, launched on January 16, 2019. It is an actively managed corporate bond fund in which CIBC chooses the bonds, sector weights and maturity against a FTSE Canadian corporate bond benchmark. Up to 30% may be in foreign issuers.

CACB is measured against the FTSE Canada All Corporate Bond Index, which holds fixed-rate, Canadian-dollar company bonds rated BBB or better with more than a year to run. It doesn’t copy it. CIBC picks the bonds, sets how much goes to each sector and manages the average term. It keeps a little government debt, can put up to 30% in foreign issuers and uses bond futures to fine-tune its sensitivity to interest rates.

Part of CACB's holdings are in foreign currencies, and the fund does not publish a fixed hedging policy, so part of its return can come from exchange rates.

Total returns with distributions reinvested, in CAD, as of October 30, 2026. Category median: the middle value among the funds in the Canadian corporate group with a return for that period (8 funds for one year, 7 for three and five years, 5 for ten years). N/A: no complete return record for the period. Past performance does not predict future results.

$10,000 invested in CACB five years ago would be worth about $11,200 as of October 30, 2026, with distributions reinvested and before taxes and trading costs.

Volatility shows how much monthly returns have swung, as a yearly percentage. The Sharpe ratio compares the return above 3-month Government of Canada T-bills with that volatility. Higher means more return for each unit of risk, and below 0 means the fund earned less than T-bills.

CACB pays distributions monthly. Over the 12 months to October 30, 2026, it paid 4.93% of its unit price, its trailing distribution yield. Amounts can change from one payment to the next.

• Interest and other income is taxed like employment income in a non-registered account.
• Foreign income is also taxed as regular income. For funds that hold foreign bonds, it is mostly interest from those bonds.
• Return of capital is not taxed when you receive it, but it lowers your adjusted cost base, which raises the capital gain when you sell.

Inside a TFSA or RRSP, the type of income does not change your tax. Our guide to registered and non-registered accounts explains the trade-offs.

2025 tax-year breakdown reported for the fund. Shares of the total distribution per unit.

CIBC rates CACB’s risk as low on the standard Canadian fund scale, which runs from low to high. The rating reflects how much the fund’s returns have varied, not the chance that a borrower defaults.

More than half the fund is rated BBB, so company credit matters alongside interest rates. A small share is in foreign-currency bonds.

• Credit: It holds investment-grade company debt, which can still lose value if a borrower's outlook weakens or its rating is cut.
• Currency: It can hold foreign-currency bonds and does not publish a fixed hedging policy.
• Active management: Results depend on the managers' choices of bonds, maturities and credit, so returns can differ from any benchmark.

General pointers based on the fund’s category, structure and costs, not personal advice.

CACB ranks 20th by assets among the 42 bond ETFs WOWA monitors, 32nd by lowest MER, and 6th of 7 by five-year return in the Canadian corporate group, as of October 30, 2026. See the full list of Canadian bond ETFs.

CACB is in the Canadian corporate group on our Best Canadian Bond ETFs page. These are the largest other funds in that group.

See all 8 funds in this group.

You can buy CACB through any Canadian brokerage account, including a TFSA, RRSP or FHSA, by searching for its ticker. When comparing Canadian trading platforms, look at commissions, account fees and currency-conversion costs.

Before you place the order, check the bid-ask spread and consider a limit order, which caps the price you pay but may not fill. If this is your first account, our brokerage account guide walks you through opening one. Buying inside a TFSA? Our guide to the best TFSA investment options covers the other choices for that account.

If you’re from CIBC and would like to add or update information on this page, please contact us.

Returns, volatility, Sharpe ratios, trailing yield and trading volume: WOWA calculations from Yahoo Finance prices adjusted for distributions, as of October 30, 2026. Assets under management: as of October 30, 2026. Fees, risk rating and inception date: CIBC fund documents. Distribution breakdown: 2025 tax year. Fund page: CIBC Active Investment Grade Corporate Bond ETF.

Disclaimer: This page is for general information only and is not investment advice. WOWA does not recommend any specific fund. Figures come from issuer and third-party sources, may contain errors and can change after publication, so check the fund’s own documents before you invest.