About AWYIX
CIBC Atlas Equity Income Fund Institutional Class is an open-end mutual fund designed to provide investors with income and long-term capital appreciation by primarily investing in publicly traded equity securities. The fund employs a diversified strategy, allocating at least 80% of its net assets to equity holdings, which can include common stocks, preferred stocks, real estate investment trusts (REITs), master limited partnerships (MLPs), and convertible securities. Notably, the fund is not limited by market capitalization, allowing flexibility to invest across large, mid, small, and even micro-cap companies.
The portfolio typically emphasizes U.S. securities, with a significant portion also invested in foreign stocks, enhancing global exposure. The top 10 holdings represent a substantial concentration of its assets, reflecting a focused investment approach. Managed by a veteran team with long tenures, the fund is classified as diversified under SEC guidelines, aiming to mitigate individual security risk.
The fund’s institutional share class targets sophisticated investors with a minimum investment of $250,000. It distributes dividends quarterly and capital gains annually, and carries a moderate expense ratio relative to its peer group. The CIBC Atlas Equity Income Fund Institutional Class serves institutions and high-net-worth investors seeking consistent income along with equity market participation.
Fund Family CIBC Private Wealth Management
Category Large Blend
Performance Rating Below Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol AWYIX
Share Class Institutional Class Shares
Index Russell 1000 TR USD
AWYIX had a total return of 9.25% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.04%.
