FundFacts - INVESTORCOM

1 FundFactsCanadian Imperial Bank of CommerceJune 25, 2018 cibc monthly income fund - Class AThis document contains key information you should know about Class A units of cibc monthly income fund . You can find more details in the fund ssimplified prospectus. Ask your representative for a copy, contact Canadian Imperial Bank of Commerce (CIBC) at 1-800-465-3863, or you invest in any fund , consider how the fund would work with your other investments and your tolerance for FactsFund code(s):CIB512 (CAD)Date class started:September 22, 1998 Total value of fund on April 30, 2018:$4,203,460,347 Management expense ratio (MER) manager:Canadian Imperial Bank of CommercePortfolio manager:CIBC Asset Management Inc.

2 With portfoliosub-advisor American Century Investment Management, :MonthlyMinimum investment:$500 initial, $25 subsequentWhat does the fund invest in?The fund invests primarily in a diversified portfolio of debt and equity securities. Investment in securities of foreign issuers is not generally expected toexceed 30% of the net asset charts below give you a snapshot of the fund 's investments on April 30, 2018. The fund 's investments will 10 INVESTMENTS (as at April 30, 2018)Royal Bank of & Cash Bank (The) Housing Trust No. 1, , 2022/12 Imperial Bank of of of British Columbia, , 2040/06 Financial percentage of top 10 number of investments: 571 INVESTMENT MIX (as at April 30, 2018)Other Government & Guaranteed Currency of Canada & Guaranteed & Cash & Spot Assets, less risky is it?

3 The value of the fund can go down as well as up. You could lose way to gauge risk is to look at how much a fund 's returns change overtime. This is called "volatility".In general, funds with higher volatility will have returns that change moreover time. They typically have a greater chance of losing money and mayhave a greater chance of higher returns. Funds with lower volatility tend tohave returns that change less over time. They typically have lower returnsand may have a lower chance of losing ratingCIBC has rated the volatility of this fund as Low to rating is based on how much the fund 's returns have changed fromyear to year.

4 It does not tell you how volatile the fund will be in the rating can change over time. A fund with a low risk rating can still toMediumMediumMedium toHighHighFor more information about the risk rating, refer to Investment RiskClassification Methodology under Specific Information about Each of theMutual Funds Described in this Document in the fund 's simplifiedprospectus. For more information about specific risks that can affect thefund's returns, refer to the simplified prospectus under the section What arethe Risks of Investing in the fund ?

5 For the guaranteesLike most mutual funds, this fund does not have any guarantees. You maynot get back the amount of money you cibc monthly income fund - Class A continuedHow has the fund performed?This section tells you how Class A units of the fund have performed over the past 10 years. Returns are after expenses have been deducted. Theseexpenses reduce the fund s RETURNSThis chart shows how Class A units of the fund performed in each of thepast 10 calendar years. Class A units dropped in value in 3 of the 10 range of returns and change from year to year can help you assess howrisky the fund has been in the past.

6 It does not tell you how the fund willperform in the AND WORST 3-MONTH RETURNSThis table shows the best and worst returns for Class A units of the fund in a 3-month period over the past 10 calendar years. The best and worst 3-monthreturns could be higher or lower in the future. Consider how much of a loss you could afford to take in a short period of months endingIf you invested $1,000 at the beginning of the periodBest 31, 2009 Your investment would rise to $1,084 Worst 30, 2008 Your investment would drop to $842 AVERAGE RETURNThe annual compounded return of Class A units of the fund was over the past 10 years.

7 If you had invested $1,000 in the fund 10 years ago, yourinvestment would be worth $1,392 as at April 30, is this fund for?Investors who: are seeking a reasonably consistent level of monthly distributions; and are investing for the medium word about taxIn general, you will have to pay income tax on any money you make on afund. How much you pay depends on the tax laws where you live andwhether or not you hold the fund in a registered plan such as a RegisteredRetirement Savings Plan (RRSP) or a Tax-Free Savings Account (TFSA).Keep in mind that if you hold your fund in a non-registered plan, funddistributions are included in your taxable income , whether you receive themin cash or have them much does it cost?

8 The following tables show the fees and expenses you could pay to buy, own, and sell Class A units of the fund . The fees and expenses - including anycommissions - can vary among classes of a fund and among funds. Higher commissions can influence representatives to recommend one investment overanother. Ask about other funds and investments that may be suitable for you at a lower SALES CHARGEST here are currently no sales charges payable when you buy, switch, or sell units of the fund through CIBC Securities Inc. or CIBC Investor Services Inc.

9 Youmay pay sales charges if you purchase units of the fund through another cibc monthly income fund - Class A continued2. fund EXPENSESYou don t pay these expenses directly. They affect you because they reduce the fund s at December 31, 2017, the expenses for Class A units of the fund were of its value. This equals $ for every $1,000 rate(as a % of the fund 's value)Management expense ratio (MER)This is the total of the fund 's management fee (including the trailing commission) and operating expenses for Class A unitsof the expense ratio (TER)These are the fund s trading about the trailing commissionThe trailing commission is an ongoing commission.

10 It is paid for as long as you own the fund . It is for the services and advice that your representative andtheir firm provide to pays the trailing commission to your representative's firm. It is paid from the fund 's management fee and is based on the value of your Class A units, a trailing commission of 0% to of the value of your investment each year ($ to $ each year on every $1,000 invested) ispaid from the management OTHER FEESYou may have to pay other fees when you buy, hold, sell, switch, or convert units of the you payShort-term trading feeUp to 2% of the value of units you sell or switch within 30 days of buying them.