Annual Financial Statements

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CurrentValue ($) 6,000KajimaCorp.25,66212,733 2,800KansaiElectricPowerCo.Inc.67,76266,270 2,000KaoCorp.76,94649,161 13KDDICorp.87,01172,218 220KeyenceCorp.57,96647,888 4,000KirinBreweryCo.Ltd.59,98667,278 12,000KobeSteelLtd.43,42522,808 2,700KomatsuLtd.19,98459,281 5,000KubotaCorp.30,48848,118 500KyoceraCorp.89,81846,184 1,600LawsonInc.64,44074,113 900MakitaCorp.31,43032,422 6,000MarubeniCorp.36,23134,761 1,800MaruiCo.Ltd.39,25611,624 7,500MitsubishiChemicalHoldingsCorp.60,40933,496 4,600MitsubishiCorp.62,626120,171 6,000MitsubishiElectricCorp.59,82846,747 4,000MitsubishiEstateCo.Ltd.67,71566,980 2,000MitsubishiGasChemicalCo.Inc.27,42510,570 10,000MitsubishiHeavyIndustriesLtd.55,41536,991 7,000MitsubishiMaterialsCorp.33,16717,956 3,000MitsubishiRayonCo.Ltd.28,64812,656 27,460MitsubishiUFJFinancialGroupInc.411,080141,863 5,000Mitsui&Co.Ltd.49,29174,392 3,000MitsuiFudosanCo.Ltd.50,37953,200 5,000MitsuiO.S.K.LinesLtd.38,94427,702 1,400MitsuiSumitomoInsuranceGroupHoldingsInc.40,24337,503 4,000MitsuiTrustHoldingsInc.53,15914,132 28,000MizuhoFinancialGroupInc.209,93352,810 700MurataManufacturingCo.Ltd.106,97936,640 7,000NECCorp.149,05318,977 500NidecCorp.41,30048,467 2,000NikonCorp.41,16641,420 400NintendoCo.Ltd.103,217100,197 3,000NipponElectricGlassCo.Ltd.46,66143,307 3,500NipponMiningHoldingsInc.33,51215,754 18,000NipponSteelCorp.44,72776,495 4,000NipponTelegraph&TelephoneCorp.440,305165,723 6,000NipponYusenKabushikiKaisha42,05719,381 11,000NissanMotorCo.Ltd.101,302101,384 1,800NISSINFOODSHOLDINGSCO.LTD.70,19561,666 900NittoDenkoCorp.38,38733,909 900NokCorp.28,07613,019 4,600NomuraHoldingsInc.127,91635,878 1,400NomuraResearchInstituteLtd.36,04728,876 9NTTDataCorp.42,84929,270 118NTTDoCoMoInc.258,000172,703 1,000OlympusCorp.22,46833,814 1,800OmronCorp.58,74133,952 900OracleCorp.Japan44,76439,329 900OrientalLandCo.Ltd.76,87562,109 270OrixCorp.52,75619,280 6,000PanasonicCorp.184,72290,594 4,000PanasonicElectricWorksCo.Ltd.47,01650,829 39RakutenInc.26,74431,141 3,000RicohCo.Ltd.73,63645,084 500RohmCo.Ltd.137,28934,224 500SankyoCo.Ltd.,Gunma35,78926,258 900SECOMCo.Ltd.91,97844,834 900SegaSammyHoldingsInc.38,21411,296 3,000SekisuiHouseLtd.44,22528,564 3,800Seven&IHoldingsCo.Ltd.181,81081,377 4,000SharpCorp.83,09152,978 900Shin-EtsuChemicalsCo.Ltd.63,21353,292 2,000ShinseiBankLtd.14,9322,285 2,000Shionogi&Co.45,47545,479 2,000ShiseidoCo.Ltd.36,59540,314 300SMCCorp.62,74135,926 3,000SoftbankCorp.104,30973,760 2,700SonyCorp.347,58182,324 5,000SumitomoChemicalCo.Ltd.35,58923,008 3,700SumitomoCorp.44,43039,515 2,700SumitomoElectricIndustriesLtd.56,33835,272 3,000SumitomoHeavyIndustriesLtd.30,83815,929 15,000SumitomoMetalIndustriesLtd.73,57242,288 3,000SumitomoMetalMiningCo.Ltd.42,33446,433 1,700SumitomoMitsuiFinancialGroupInc.78,42151,163 2,000SumitomoRealty&DevelopmentCo.Ltd.53,54139,597 2,700SumitomoRubberIndustriesLtd.33,45724,618 5,000SumitomoTrustandBankingCo.Ltd.(The)57,66025,748 700T&DHoldingsInc.59,29215,098 2,000TaishoPharmaceuticalCo.Ltd.65,60936,090 1,800TakedaPharmaceuticalCo.Ltd.155,40977,781 NumberofShares/ ParValue AverageCost ($) CurrentValue ($) 500TDKCorp.39,36132,047 5,000TeijinLtd.32,57016,943 900THKCo.Ltd.29,20916,786 1,800TohoCo.36,55930,665 2,600TohokuElectricPowerCo.Inc.58,38154,040 1,800TokioMarineHoldingsInc.54,30151,518 2,000TokuyamaCorp.32,76811,729 3,500TokyoElectricPowerCo.Inc.(The)118,65992,131 900TokyoElectronLtd.93,43260,588 11,000TokyoGasCo.Ltd.48,03346,051 6,000TokyuCorp.30,31225,059 4,000TokyuLandCorp.33,55015,584 5,000TonenGeneralSekiyuK.K.57,22543,816 5,000TorayIndustriesInc.32,76028,531 9,000ToshibaCorp.96,03552,377 1,200ToyotaIndustriesCorp.53,87637,588 9,100ToyotaMotorCorp.516,332402,388 1,800ToyotaTsushoCorp.46,79727,935 169YahooJapanCorp.98,11053,293 370YamadaDenkiCo.Ltd.40,91726,179 1,800YamahaCorp.41,28522,746 900YamahaMotorCo.Ltd.25,20811,938 Japan(42.31%) 10,831,9117,193,599 8,496TelecomCorp.ofNewZealandLtd.35,29116,036 NewZealand(0.09%) 35,29116,036 970PhilippineLongDistanceTelephoneCo.24,56857,409 Philippines(0.34%) 24,56857,409 3,000CityDevelopmentsLtd.19,21725,732 4,000DBSGroupHoldingsLtd.65,01445,616 6,000KeppelCorp.Ltd.27,88836,664 8,000Oversea-ChineseBankingCorp.Ltd.38,12254,038 3,733SingaporeAirlinesLtd.47,01141,474 4,250SingaporePressHoldingsLtd.23,87311,606 14,000SingaporeTechnologiesEngineeringLtd.28,25033,802 10,585SingaporeTelecommunicationsLtd.25,92424,458 5,000UnitedOverseasBankLtd.53,53973,011 300UOLGroupLtd.494907 Singapore(2.04%) 329,332347,308 16,900iSharesMSCISouthKoreaIndexFund347,600843,866 6,932KoreaFundInc.766,573258,348 SouthKorea(6.48%) 1,114,1731,102,214 31,050iSharesMSCITaiwanIndexFund500,396422,190 Taiwan(2.48%) 500,396422,190 13,000ThaiFundInc.66,202121,430 UnitedStates(0.71%) 66,202121,430 TotalofInternationalEquities(85.14%)17,314,96914,479,043 TotalofInvestmentsbeforeShort-Term Investments(85.14%)17,314,96914,479,043 Short-TermInvestments (note11) GovernmentofCanada 1,100,000TreasuryBill,0.22%,2010/01/071,099,3511,099,960 525,000TreasuryBill,0.22%,2010/03/18524,696524,764 TotalofShort-TermInvestments(9.55%)1,624,0471,624,724 Less:Transactioncostsincludedinaveragecost(21,015) TotalofInvestments(94.69%)18,918,00116,103,767 Margin(2.90%)494,314 UnrealizedGain(Loss)onFuturesContracts(0.26%)43,517 UnrealizedGain(Loss)onForwardForeignCurrencyContracts(0.11%)18,907 OtherAssets,lessLiabilities(2.04%)346,348 TotalNetAssets(100.00%)17,006,853 Theaccompanyingnotesareanintegralpartofthesefinancialstatements. CIBCAsiaPacificIndexFund FuturesContractsSchedule (note11) Contracted Value($)NameofFutureExpiryDate Numberof ContractsCurrency Contracted Price Current Value($) Unrealized Gain(Loss)($) 309,361FTSEBursaMalaysianKLCIIndexJanuary201016MYR1,263.00310,8311,470 784,325IndianSGXCNXNiftyIndexJanuary201072USD5,195.50787,9483,623 100,663JapaneseTOPIXIndexMarch20101JPY893.90101,8561,193 96,172KoreanKOSPI200IndexMarch20101KRW213.65100,1563,984 204,301SingaporeMSCIIndexJanuary20104SGD342.00208,7814,480 838,931TaiwaneseMSCIStockIndexJanuary201028USD285.80867,69828,767 2,333,753TotalEquityIndexFutures2,377,27043,517 AsatDecember31,2009,$494,314cashwasdepositedasmarginforthefuturescontracts. ForwardForeignCurrencyContractsSchedule Counterparty CreditRatingfor Counterparty* Settlement Date Currency BuysParValue Currency SellsParValue Forward Rate Current Rate Unrealized Gain(Loss)($) StateStreetTrustCo.CanadaA1+2010/01/19AUD1,015,289CAD939,5800.9250.94116,250 StateStreetTrustCo.CanadaA1+2010/01/19KRW125,744,597CAD110,8330.0010.0012,657 18,907 *Thecreditratingofeachcounterparty(asratedbyStandard&Poor 9s,adivisionofTheMcGraw-HillCompanies,Inc.)oftheforwardforeigncurrency contractsheldby theFundmeetsorexceedstheminimumapprovedcreditrating. Theaccompanyingnotesareanintegralpartofthesefinancialstatements. CIBCAsiaPacificIndexFund SupplementalScheduletoStatementofInvestmentPortfolio RiskManagement TheinvestmentobjectiveofCIBCAsiaPacificIndexFund(the Fund )istoprovidelong-termgrowththroughcapitalappreciation.TheFundismanagedtoobtainareturn thatapproximatestheperformanceoftheMSCIAllCountryPacificIndex.TheMSCIAllCountryPacificIndexisafreefloat-adjustedmarketcapitaliz ationindex comprisedofstocksofcompaniesfrom12developedandemergingAsiancountries,includingAustraliaandJapan. TheFundwillusepassivemanagementstrategiestocreateaportfolioofsimilarcharacteristicsoftheMSCIAllCountryPacificIndex,allowingtheF undtoobtaina returnthatapproximatestheperformanceofthatindexinCanadiandollars. TheStatementofInvestmentPortfoliopresentsthesecuritiesheldbytheFundasatDecember31,2009andgroupsthesecuritiesbyassettype,industr ysector, geographicregion,orcurrencyexposure.SignificantrisksthatarerelevanttotheFundarediscussedbelow.Generalinformationonriskmanagemen tandspecific discussiononcredit,currency,interestrate,liquidity,andotherprice/marketriskcanbefoundinNote2ofthefinancialstatements. SummaryofInvestmentPortfolioasatDecember31,2008 ThefollowingchartpresentstheinvestmentsectorsheldbytheFundasatDecember31,2008andgroupsthesecuritiesbyassettype,industrysector,g eographic region,orcurrencyexposure: Sector%ofNetAssets InternationalEquities Australia12.34 China2.57 HongKong9.36 Japan53.28 NewZealand0.09 Philippines0.35 Singapore1.69 SouthKorea4.21 Taiwan1.86 Thailand0.60 Sector%ofNetAssets OtherPortfolioAssets Short-TermInvestments7.65 Margin1.75 UnrealizedGain(Loss)onFuturesContracts(0.04) UnrealizedGain(Loss)onForwardForeignCurrencyContracts0.97 OtherAssets,lessLiabilities 3.32 Total100.00 CreditRisk Creditratingsrepresentaconsolidationoftheratingsprovidedbyvariousoutsideserviceprovidersandaresubjecttochange,whichcouldbemater ial. SeetheStatementofInvestmentPortfolioforcounterpartyexposurefromover-the-counterderivativecontracts,whereapplicable. AsatDecember31,2009and2008,theFundinvestedinshort-terminvestmentswiththefollowingcreditratings. DebtSecuritiesbyCreditRatingDecember31,2009December31,2008 %ofNetAssets 8AAA 99.557.65 Total9.557.65 CurrencyRisk ThetablesbelowindicatethecurrenciestowhichtheFundhadsignificantexposureasatDecember31,2009and2008,basedonthemarketvalueoftheFun d 9s financialinstruments(includingcashandcashequivalents)andtheunderlyingprincipalamountsofforwardforeigncurrencycontracts,asapplic able. December31,2009 HoldingsExposedto CurrencyRisk (includingderivatives)*($) ForwardForeign CurrencyContracts($) Total Exposure($) %of NetAssets JapaneseYen7,590,633 47,590,63344.63 AustralianDollar2,726,781955,8303,682,61121.65 HongKongDollar2,565,116 42,565,11615.08 *Amountsincludemonetaryandnon-monetaryitems. December31,2008 HoldingsExposedto CurrencyRisk (includingderivatives)*($) ForwardForeign CurrencyContracts($) Total Exposure($) %of NetAssets JapaneseYen8,815,184(1)8,815,18356.34 AustralianDollar1,980,657872,4762,853,13318.23 HongKongDollar1,511,444 41,511,4449.66 *Amountsincludemonetaryandnon-monetaryitems. AsatDecember31,2009,iftheCanadiandollarhadstrengthenedorweakenedby1%inrelationtoallcurrencies,netassetswouldhavedecreasedorincr eased, respectively,byapproximately$165,193ascomparedto$139,989asatDecember31,2008.Thisanalysisassumesthatallothervariablesremainedunc hanged.In practice,theactualresultsmaydifferfromthisanalysisandthedifferencecouldbematerial. InterestRateRisk AsatDecember31,2009and2008,themajorityoftheFund 9sfinancialassetsandliabilitiesarenon-interestbearingandshort-terminnature;accor dingly,theFundis notsubjecttosignificantamountsofriskduetofluctuationsintheprevailinglevelsofmarketinterestrates. LiquidityRisk TheFundisexposedtodailycashredemptionsofredeemableunits.TheFundretainssufficientcashandcashequivalentpositionstomaintainadequat eliquidity. OtherPrice/MarketRisk ThetablebelowindicatesthechangeinnetassetshadthevalueoftheFund 9sbenchmark(s)increasedordecreasedby1%,asatDecember31,2009and2008 .This changeisestimatedbasedonthehistoricalcorrelationbetweenthereturnoftheFundascomparedtothereturnoftheFund 9sbenchmark(s),using36mo nthlydata points,asavailable,basedonthemonthlynetreturnsoftheFund. BenchmarkDecember31,2009December31,2008 ImpactonNetAssets($) MSCIAllCountryPacificIndex156,944143,294 Theaccompanyingnotesareanintegralpartofthesefinancialstatements. CIBCAsiaPacificIndexFund Thisanalysisassumesthatallothervariablesremainedunchanged.Thehistoricalcorrelationmaynotberepresentativeofthefuturecorrelationa nd,accordingly,the impactonnetassetscouldbemateriallydifferent. FairValueofFinancialInstruments ThefollowingisasummaryoftheinputsusedasofDecember31,2009invaluingtheFund 9sfinancialassetsandfinancialliabilitiescarriedatfairva lue: ClassificationLevel1(i)Level2(ii)Level3(iii)Total FinancialAssets Short-TermInvestments 41,624,724 41,624,724 Equities1,645,83412,833,209 414,479,043 Futures43,517 4 443,517 CurrencyForward 418,907 418,907 TotalFinancialAssets1,689,35114,476,840 416,166,191 (i)Quotedpricesinactivemarketsforidenticalassets (ii)Significantotherobservableinputs (iii)Significantunobservableinputs Transfersofassetsbetweenlevel1andlevel2 Financialassetsandliabilitiestransferredfromlevel1tolevel2aretheresultofthesecuritiesnolongerbeingtradedinanactivemarket.Theval ueofthefinancial assetsandliabilitiestransferredfromlevel1tolevel2is$556,757forthecurrentperiod.Financialassetsandliabilitiestransferredfromleve l2tolevel1aretheresult ofthesecuritiesnowbeingtradedinanactivemarket.Therewerenotransfersoffinancialassetsandliabilitiesfromlevel2tolevel1inthecurrent period. Reconciliationoffinancialassetandliabilitymovement 4level3 TheFunddidnotholdanylevel3investmentsatthebeginning,during,orattheendoftheperiod. Theaccompanyingnotesareanintegralpartofthesefinancialstatements. CIBCAsiaPacificIndexFund StatementsofNetAssets (in000s,exceptperunitamounts) AsatDecember31,2009and2008(note1) 2009 2008 Assets Investmentsatcurrentvalue(notes2and3) $16,104 $14,702 Cashincludingforeigncurrencyholdings,atcurrentvalue 373 334 Margin 494 274 Accruedinterestanddividendsreceivable 8 189 Receivableforunitsissued 24 26 Unrealizedgainonfuturescontracts 44 4 Unrealizedgainonforwardforeigncurrencycontracts 19 152 TotalAssets17,066 15,677 Liabilities Payableforunitsredeemed 43 16 Managementfeespayable 14 13 Otheraccruedexpenses 2 2 Unrealizedlossonfuturescontracts 4 6 TotalLiabilities59 37 TotalNetAssets$17,007 $15,640 NetAssetsperClass ClassA $17,007 $15,640 NetAssetsperUnit (notes4and12) ClassA $7.45 $7.28 StatementsofChangesinNetAssets (in000s) FortheperiodsendedDecember31,2009and2008(note1) ClassAUnits2009 2008 Increase(Decrease)inNetAssetsfromOperations$1,654 $(4,811) DistributionsPaidorPayabletoUnitholders Fromnetinvestmentincome (1,247) 4 Returnofcapital 4 (19) (1,247) (19) ChangesDuetoUnitholderTransactions Amountreceivedfromtheissuanceofunits 2,538 3,178 Amountreceivedfromreinvestmentofdistributions 1,190 19 Amountpaidonredemptionsofunits (2,768) (4,476) 960 (1,279) Increase(Decrease)inNetAssetsforthePeriod1,367 (6,109) NetAssetsatBeginningofPeriod15,640 21,749 NetAssetsatEndofPeriod$17,007 $15,640 StatementsofOperations (in000s,exceptperunitamounts) FortheperiodsendedDecember31,2009and2008(note1) 2009 2008 Income Interestrevenue $ 4 $38 Dividendrevenue 347 609 Income(loss)fromforwardforeigncurrencycontracts 235 119 Income(loss)fromfuturescontracts 1,011 (1,407) Securitieslendingrevenue 4 5 1,597 (636) Expenses (notes5and8) Managementfees 185 211 Auditfees 14 14 Custodialfees 67 64 Legalfees 4 1 Regulatoryfees 17 14 Unitholderreportingcosts 105 104 388 408 Expenseswaived/absorbedbytheManager (223) (226) 165 182 NetInvestmentIncome(Loss)1,432 (818) RealizedandUnrealizedGain(Loss)onInvestments Netrealizedgain(loss)onsaleofinvestments 1 (341) (375) Netrealizedgain(loss)onforeigncurrency(notes2dande) (9) 13 Transactioncosts (1) (2) Increase(decrease)inunrealizedappreciation(depreciation)of investments 573 (3,629) NetGain(Loss)onInvestments222 (3,993) Increase(Decrease)inNetAssetsfromOperations$1,654 $(4,811) Increase(Decrease)inNetAssetsfromOperationsperClass ClassA $1,654 $(4,811) Increase(Decrease)inNetAssetsfromOperationsperUnit ClassA $0.76 $(2.17) 1 NetRealizedGain(Loss)onSaleofInvestments (excludingshort-terminvestments)(in000s) 2009 2008 CostofInvestmentsHeldatBeginningofPeriod$17,027 $18,306 Purchases 766 1,590 17,793 19,896 CostofInvestmentsHeldatEndofPeriod17,294 17,027 CostofInvestmentsSoldorMatured499 2,869 Proceedsfromsalesormaturities 158 2,494 NetRealizedGain(Loss)onSaleofInvestments$(341) $(375) Theaccompanyingnotesareanintegralpartofthesefinancialstatements. CIBCAsiaPacificIndexFund NotestoFinancialStatements December31,2009and2008 1.CIBCMutualFundsandCIBCFamilyofManagedPortfolios 4OrganizationoftheFundsandFinancialReportingPeriods EachoftheCIBCMutualFundsandCIBCFamilyofManagedPortfolios(individually,a cFund d,andcollectively,the cFunds d)isamutualfundtrustorga nizedunderthelawsofOntarioand governedbyadeclarationoftrust( cDeclarationofTrust d). CIBCSecuritiesInc.isthePrincipalDistributoroftheFunds,CanadianImperialBankofCommerce( cCIBC d)isthemanager(the cManager d)oftheFund s,andCIBCTrustCorporationisthe trustee(the cTrustee d)oftheFunds. EachFundmayissueanunlimitednumberofclassesofunitsandanunlimitednumberofunitsofeachclass.Eachclassmaychargeadifferentmanagementf ee.Operatingexpensescanbe eithercommonorclassspecific.Classspecificexpensesareallocatedonaclass-by-classbasis.Asaresult,aseparatenetassetvalueperunitisca lculatedforeachclass. CIBCCanadianT-BillFundoffersbothClassAandPremiumClassunits.CIBCShort-TermIncomeFund,CIBCMonthlyIncomeFund,CIBCGlobalBondFund,CI BCGlobalMonthlyIncomeFund, CIBCDividendIncomeFund,CIBCDividendGrowthFund,CIBCCanadianEquityValueFund,CIBCDisciplinedU.S.EquityFund,CIBCU.S.SmallCompaniesF und,CIBCDisciplinedInternational EquityFund,CIBCEuropeanEquityFund,CIBCEmergingMarketsFund,CIBCAsiaPacificFund,CIBCCanadianShort-TermBondIndexFund,CIBCCanadianI ndexFund,andCIBCU.S.Broad MarketIndexFundofferbothClassAandClassOunits.CIBCMoneyMarketFund,CIBCU.S.DollarMoneyMarketFund,andCIBCCanadianBondFundofferClas sA,ClassO,andPremium Classunits.CIBCManagedIncomePortfolio,CIBCManagedIncomePlusPortfolio,andCIBCU.S.DollarManagedIncomePortfolioofferClassA,ClassT4 ,andClassT6units.CIBCManaged MonthlyIncomeBalancedPortfoliooffersClassA,ClassT6,andClassT8units.CIBCManagedBalancedPortfolio,CIBCManagedBalancedGrowthPortfo lio,CIBCManagedGrowthPortfolio, CIBCManagedAggressiveGrowthPortfolio,CIBCU.S.DollarManagedBalancedPortfolio,andCIBCU.S.DollarManagedGrowthPortfolioofferClassA, ClassT4,ClassT6,andClassT8units.All otherFundsofferClassAunitsonly. ClassAunitsareavailabletoallinvestorsonano-loadbasis.InvestorsmayhavetopayasalescommissionwhenpurchasingClassAunitsoftheFundsan dmaybechargedaredemptionfeeif theyredeemtheirClassAunits.Theymayhavetopayshort-termtradingfee,ifapplicable. ClassT4,ClassT6,andClassT8unitshavethesamecharacteristicsasClassAunits,exceptthattheyeachintendtopayauniquefixeddistributionamo untperunit,whichalsocreatesa separatenetassetvalueperunit. PremiumClassunitsareavailabletoinvestorsonano-loadbasiswithaminimuminvestmentof$100,000forCIBCCanadianT-BillFund,CIBCMoneyMarke tFund,andCIBCU.S.DollarMoney MarketFund,and$50,000forCIBCCanadianBondFund,andofferalowermanagementfee. ClassOunitsareonlyavailabletoselectedinvestorswhohavebeenapprovedbyandhaveenteredintoaClassOaccountagreementwiththeManager.Thes einvestorsretypicallyfinancial servicescompanies,includingtheManager,thatuseClassOunitsoftheFundstofacilitateofferingotherproductstoinvestors.Nomanagementfees oroperatingexpensesarechargedtothe FundsinrespectofClassOunits;instead,anegotiatedmanagementfeeischargedbytheManagerdirectlytoorasdirectedbyClassOunitholders. TheStatementofInvestmentPortfolioofeachFundisasatDecember31,2009.TheStatementsofNetAssetsareasatDecember31,2009and2008,andtheSt atementsofOperationsand ChangesinNetAssetsarefortheyearsendedDecember31,2009and2008,exceptforFundsorclassesestablishedduringeitheryear,inwhichcasethein formationpresentedisfromtheDate EstablishedortheInceptionDatetoDecember31,2009or2008,respectively. cDateEstablished disthedateonwhichaFundwasestablishedbytheDeclarationofTrust. cInceptionDate disthedateuponwhichunitsofaclassofaFu ndwerefirstsoldtothepublicunder prospectus. NameDateEstablishedClassAUnitsClassT4UnitsClassT6UnitsClassT8UnitsPremiumClassUnitsClassOUnits InceptionDate: CIBCCanadianT-BillFundDecember3,1990August8,2008n/an/an/aJanuary2,1991n/a CIBCMoneyMarketFundNovember30,1988November30,1988n/an/an/aOctober3,2006n/a CIBCU.S.DollarMoneyMarketFund * March6,1991May6,1991n/an/an/aOctober15,2007n/a CIBCHighYieldCashFundAugust9,2000September26,2000n/an/an/an/an/a CIBCShort-TermIncomeFundDecember6,1974December6,1974n/an/an/an/an/a CIBCCanadianBondFundDecember31,1987December31,1987n/an/an/aOctober15,2007n/a CIBCMonthlyIncomeFundAugust12,1998September22,1998n/an/an/an/an/a CIBCGlobalBondFundAugust31,1994September26,1994n/an/an/an/an/a CIBCGlobalMonthlyIncomeFundAugust29,2006December8,2006n/an/an/an/an/a CIBCBalancedFundDecember31,1987December31,1987n/an/an/an/an/a CIBCDividendIncomeFundMay9,2005June20,2005n/an/an/an/an/a CIBCDividendGrowthFundAugust7,1991August7,1991n/an/an/an/an/a CIBCCanadianEquityFundNovember30,1988November30,1988n/an/an/an/an/a CIBCCanadianEquityValueFundAugust7,1997August7,1997n/an/an/an/an/a CIBCCanadianSmall-CapFundAugust7,1991August7,1991n/an/an/an/an/a CIBCDisciplinedU.S.EquityFundAugust29,2006September29,2006n/an/an/an/an/a CIBCU.S.SmallCompaniesFundNovember1,1995December11,1995n/an/an/an/an/a CIBCGlobalEquityFundJanuary1,1988January1,1988n/an/an/an/an/a CIBCDisciplinedInternationalEquityFundAugust29,2006September29,2006n/an/an/an/an/a CIBCEuropeanEquityFundNovember1,1995December11,1995n/an/an/an/an/a CIBCEmergingMarketsFundNovember1,1995December11,1995n/an/an/an/an/a CIBCAsiaPacificFundAugust25,1993September28,1993n/an/an/an/an/a CIBCLatinAmericanFundAugust9,1996September18,1996n/an/an/an/an/a CIBCInternationalSmallCompaniesFundAugust8,1997September22,1997n/an/an/an/an/a CIBCFinancialCompaniesFundAugust8,1997September22,1997n/an/an/an/an/a CIBCCanadianResourcesFundJuly7,1995August21,1995n/an/an/an/an/a CIBCEnergyFundJuly8,1996July25,1996n/an/an/an/an/a CIBCCanadianRealEstateFundAugust8,1997September22,1997n/an/an/an/an/a CIBCPreciousMetalsFundJuly8,1996July25,1996n/an/an/an/an/a CIBCGlobalTechnologyFundNovember1,1995December11,1995n/an/an/an/an/a CIBCCanadianShort-TermBondIndexFundAugust25,1993September28,1993n/an/an/an/an/a CIBCCanadianBondIndexFundAugust8,1997September22,1997n/an/an/an/an/a CIBCGlobalBondIndexFundJanuary16,1998February3,1998n/an/an/an/an/a CIBCBalancedIndexFundNovember20,1998December4,1998n/an/an/an/an/a CIBCCanadianIndexFundJuly8,1996July25,1996n/an/an/an/an/a CIBCU.S.BroadMarketIndexFundMarch6,1991May6,1991n/an/an/an/an/a CIBCU.S.IndexFundJuly8,1996July25,1996n/an/an/an/an/a CIBCInternationalIndexFundJanuary16,1998February3,1998n/an/an/an/an/a CIBCEuropeanIndexFundAugust12,1998September22,1998n/an/an/an/an/a CIBCEmergingMarketsIndexFundAugust9,2000September26,2000n/an/an/an/an/a CIBCAsiaPacificIndexFundAugust9,2000September26,2000n/an/an/an/an/a CIBCNasdaqIndexFundAugust9,2000September26,2000n/an/an/an/an/a CIBCManagedIncomePortfolioJanuary15,2002February1,2002November3,2009November9,2009n/an/an/a CIBCManagedIncomePlusPortfolioJanuary15,2002February1,2002November4,2009November16,2009n/an/an/a CIBCManagedBalancedPortfolioJanuary15,2002February1,2002November9,2009November16,2009November4,2009n/an/a CIBCManagedMonthlyIncomeBalanced PortfolioAugust29,2006October3,2006n/aNovember4,2009November10,2009n/an/a CIBCManagedBalancedGrowthPortfolioJanuary15,2002February1,2002November5,2009November16,2009November16,2009n/an/a CIBCManagedGrowthPortfolioJanuary15,2002February1,2002November10,2009November20,2009n/an/an/a CIBCManagedAggressiveGrowthPortfolioJanuary15,2002February1,2002December14,2009November30,2009November12,2009n/an/a CIBCU.S.DollarManagedIncomePortfolio * October2,2002October28,2002November9,2009n/an/an/an/a NameDateEstablishedClassAUnitsClassT4UnitsClassT6UnitsClassT8UnitsPremiumClassUnitsClassOUnits InceptionDate: CIBCU.S.DollarManagedBalanced Portfolio * October2,2002October28,2002December16,2009November6,2009n/an/an/a CIBCU.S.DollarManagedGrowthPortfolio * October2,2002October28,2002n/an/an/an/an/a *ThefinancialinformationfortheseFundsisinU.S.dollarsunlessotherwisenoted. 2.SummaryofSignificantAccountingPolicies Thesefinancialstatements,preparedinaccordancewithCanadiangenerallyacceptedaccountingprinciples( 9 8GAAP d),includeestimatesandassu mptionsbymanagementthataffectthe reportedamountsofassets,liabilities,income,andexpensesduringthereportingperiods.Actualresultsmaydifferfromsuchestimates. AdoptionofNewAccountingStandardsorAmendmenttoExistingStandards AmendmentstoCICAHandbookSection3862,FinancialInstruments 4Disclosures TheCanadianInstituteofCharteredAccountants( cCICA d)issuedCICAHandbookSection3862( cCICA3862 d),FinancialInstruments 4Disclosuresand Section3863( cCICA3863 d),Financial Instruments 4Presentation,effectiveforinterimandannualfinancialstatementsrelatingtofiscalyearsbeginningonorafterOctober1,2007.Th esestandardsprovidecomprehensivedisclosure andpresentationrequirementsforfinancialinstruments,andintroducenewrequirementsforspecificqualitativeandquantitativedisclosureab outrisks.Thisincludestherequirementstoquantify exposuresforcertainrisksandprovidesensitivityanalysisforsomerisks.Themainobjectiveofthisnewstandardistoenableinvestorstoevaluat ethesignificanceoffinancialinstruments,the natureandextentofrisksinvolved,andhowtheserisksaremanaged.TheseCICA3862requirementswereadoptedsincethepriorfiscalyear. During2009,theAccountingStandardsBoardissuedamendmentstoCICA3862thatareeffectiveforannualfinancialstatementsrelatingtofiscalyea rsendingafterSeptember30,2009.These amendmentsaredesignedtoenhancetheexistingdisclosurearoundfairvalueandliquidityrisk.ThisisaccomplishedbyclassifyingtheFunds 9fina ncialassetsandfinancialliabilitiesintolevels basedontheinputusedtovaluetheFunds 9investments: Level1 4forunadjustedquotedpricesinactivemarketsforidenticalassetsorliabilities; Level2 4forinputs,otherthanquotedpricesincludedinLevel1,thatareobservablefortheassetorliability,eitherdirectly(i.e.,asprices)ori ndirectly(i.e.,derivedfromprices);and Level3 4forinputsthatarebasedonunobservablemarketdata. Aspartofthedisclosurerequirements,significanttransfersbetweenlevel1andlevel2investmentsaredisclosedintheSupplementalScheduletoS tatementofInvestmentPortfolio,Risk Managementsection. Theadoptionoftheseamendmentsdidnothaveanimpactonnetassets,increase(decrease)innetassetsfromoperations,orincrease(decrease)innet assetsfromoperationsperunitofthe Funds.PleaserefertoeachFund 9sSupplementalScheduletoStatementofInvestmentPortfolio,RiskManagement,forfurtherdetailsonFairValueof FinancialInstruments. CICAEmergingIssuesCommitteeAbstract173,CreditRiskandtheFairValueofFinancialAssetsandFinancialLiabilities EffectiveJanuary20,2009,theFundsadoptedretrospectivelywithoutrestatementtheCICAEmergingIssuesCommitteeAbstract173( cEIC-173 d),Cr editRiskandtheFairValueofFinancial AssetsandLiabilities.EIC-173requirestheFunds 9owncreditriskandthecreditriskofthecounterpartiestobetakenintoaccountindeterminingt hefairvalueoffinancialassetsandliabilities, includingderivativeinstruments.TheadoptionofEIC-173didnothaveamaterialimpactonthefinancialpositionorresultsofoperationsoftheFun ds. a)Riskmanagement TheFunds 9overallriskmanagementapproachincludesformalguidelinesthatgoverntheextentofexposuretovarioustypesofrisk,includingdivers ificationwithinassetclassesandlimitsonthe exposuretoindividualinvestmentsandcounterparties.Inaddition,derivativefinancialinstrumentsmaybeusedtomanagecertainriskexposures .TheManageralsohasvariousinternalcontrolsto overseetheFunds 9investmentactivities,includingmonitoringcompliancewiththeinvestmentobjectiveandstrategies,internalguidelines,an dsecuritiesregulations.PleaserefertoeachFund 9s SupplementalScheduletoStatementofInvestmentPortfolioforspecificriskdisclosures. Fairvalueoffinancialinstrumentsbyusingvaluationtechniques Theprocessofvaluinginvestmentsforwhichnoquotedmarketexistsisinevitablybasedoninherentuncertaintiesandtheresultingvaluesmaydiffe rfromvaluesthatwouldhavebeenusedhadan activemarketexistedfortheseinvestments.Thevaluationofsuchsecuritiescanbebasedonvariousvaluationtechniquesthatcouldincludemathem aticalmodels,comparablevaluationmodels, fundamentalvaluationmodels,orothertechniquesthatwouldreflectthespecificbusinesssituationormarketthesecurityoperateswithin.Themo delswoulduseobservablemarketdataasinputs wherepossible.However,insomeinstances,certaininvestmentsarefairvaluedbasedonassumptionsthatmaynotbesupportedbyobservableinputs. Securitieswithoutobservablemarketvalue inputsintheirvaluationrequirejudgmentinestablishingtheirfairvalue.Changesinanyoftheseassumptionscouldaffectthereportedfairvalue offinancialassetsorfinancialliabilities.ForFundsthat holdlevel3investments,areconciliationfromthebeginningbalancestoendingbalancesisincludedintheSupplementalScheduletoStatementofIn vestmentPortfolio,RiskManagementsection.In addition,theimpactofusingreasonablealternativeassumptionsforvaluinglevel3investmentsisdisclosed. Creditrisk Creditriskistheriskthatacounterpartytoafinancialinstrument,suchasafixedincomesecurityoraderivativecontract,willfailtodischargea nobligationorcommitmentthatithasentered intowiththeFunds.ThevalueoffixedincomesecuritiesandderivativesaspresentedontheStatementofInvestmentPortfolioincludesconsiderati onofthecreditworthinessoftheissuerand, accordingly,representsthemaximumcreditriskexposureoftheFunds.CertainFundsmayinvestinshort-termfixedincomesecuritiesissuedorguar anteedprimarilybytheGovernmentof CanadaoranyCanadianprovincialgovernment,obligationsofcharteredCanadianbanksortrustcompanies,andcommercialpaperwithapprovedcredi tratings.Theriskofdefaultontheseshort- termfixedincomesecuritiesisconsideredlowandthesesecuritiesprimarilyhavecreditratingsof 9A-1(Low) 9(asratedbyStandard&Poor 9s,adivi sionofTheMcGraw-HillCompanies,Inc.,or equivalentratingfromanotherratingservice)orhigher. Currencyrisk Currencyriskistheriskthatthevalueofaninvestmentwillfluctuateduetochangesinforeignexchangerates.Thisisbecausemutualfundsmayinves tinsecuritiesdenominatedortradedin currenciesotherthantheFunds 9reportingcurrency. Interestraterisk Pricesoffixedincomesecuritiesgenerallyincreasewheninterestratesdecline,anddecreasewheninterestratesrise.Thisriskisknownasintere straterisk.Pricesoflonger-termfixedincome securitieswillgenerallyfluctuatemoreinresponsetointerestratechangesthanwouldshorter-termsecurities.Duetothenatureofshort-termfi xedincomesecuritieswitharemainingterm-to-maturity oflessthanoneyear,theseinvestmentsarenotgenerallyexposedtoasignificantriskthattheirvaluewillfluctuateinresponsetochangesinthepr evailinglevelsofmarketinterestrates. Liquidityrisk TheFundsareexposedtodailycashredemptionsofredeemableunits.TheFundsretainsufficientcashandcashequivalentpositionstomaintainadequ ateliquidity.Inaccordancewithsecurities regulations,theFundsarerestrictedfrompurchasingadditionalilliquidassetsif,immediatelyafterthepurchase,morethan10%oftheirassetsb asedonmarketvalueattimeofpurchasewould consistofilliquidassets. Otherprice/marketrisk Otherprice/marketriskistheriskthatthevalueofinvestmentswillfluctuateasaresultofchangesinmarketconditions.Severalfactorscaninflu encemarkettrends,suchaseconomic developments,changesininterestrates,politicalchanges,andcatastrophicevents.Allinvestmentsareexposedtootherprice/marketrisk. b)InvestmentTransactions,IncomeRecognition,andRecognitionofRealizedandUnrealizedGainsandLosses i)EachtransactionofpurchaseorsaleofaportfolioassetbyaFundisreflectedinthenetassetsnolaterthanthefirstcomputationofnetassetsmade afterthedateonwhichthe transactionbecomesbindingupontheFund. ii)Interestincomeisrecordedontheaccrualbasis. iii)Dividendincomeisrecordedontheex-dividenddate. iv)Securitiesthatareexchangetradedarerecordedatcurrentvalueestablishedbytheclosingbidprice.Debtsecuritiesarerecordedatcurrentva lue,establishedbytheclosingbidpriceon theover-the-countermarket( cOTC d).UnlistedsecuritiesarerecordedatcurrentvalueusingfairvaluationtechniquesestablishedbytheManager inestablishingacurrentvalue. v)Realizedgainsandlossesoninvestmentsandunrealizedappreciationordepreciationofinvestmentsarecalculatedusingtheaveragecost,exclu dingtransactioncosts,oftherelated investments. vi)OtherincomeisthesumofincomeotherthanthatwhichisseparatelyclassifiedontheStatementsofOperations. NotestoFinancialStatements c)PortfolioSecurities ThecostofsecuritiesoftheFundsisdeterminedinthefollowingmanner.Securitiesarepurchasedandsoldatamarket-tradedpricetoarriveatavalu eforthepositiontraded.Thetotal purchasedvaluerepresentsthetotalcostofthesecuritytotheFund.Whenadditionalunitsofthesamesecurityarepurchased,thecostofthoseaddit ionalunitsisaddedtothetotalsecurity cost.Whenunitsofthesamesecurityaresold,theproportionatecostoftheunitsofthesecuritysoldisdeductedfromthetotalsecuritycost.Ifther eisareturnofcapitalpaidbyasecurity,the amountofthisreturnofcapitalisdeductedfromthetotalsecuritycost.Thismethodoftrackingsecuritycostisknownas 9averagecost 9andthecurre nttotalforanyonesecurityisreferredtoas theadjustedcostbaseor 8ACB 9ofthesecurity.Transactioncostsincurredinportfoliotransactionsareexcludedfromtheaveragecostofinvestmen tsandarerecognizedimmediatelyinnet incomeandarepresentedasaseparateexpenseiteminthefinancialstatements. Thedifferencebetweenthecurrentvalueofsecuritiesandtheiraveragecost,excludingtransactioncosts,representstheunrealizedappreciatio n(depreciation)invalueoftheportfolio investments.Theapplicableperiodchangeinunrealizedappreciation(depreciation)ofinvestmentsisincludedontheStatementsofOperations. Short-terminvestmentsontheStatementofInvestmentPortfolioarepresentedattheircurrentvalue.Accruedinterestforbondsisdisclosedsepar atelyontheStatementsofNetAssets. d)ForeignExchange ThevalueofinvestmentsandotherassetsandliabilitiesdenominatedinforeigncurrenciesistranslatedintoCanadiandollars(exceptforCIBCU.S .DollarMoneyMarketFund,CIBCU.S.DollarManaged IncomePortfolio,CIBCU.S.DollarManagedBalancedPortfolio,andCIBCU.S.DollarManagedGrowthPortfolio,whicharevaluedinU.S.dollars)atth ecurrentratesprevailingoneachvaluationdate. Purchasesandsalesofinvestments,income,andexpensesaretranslatedintoCanadiandollars(withtheexceptionoftheabovementionedFundswhich arevaluedinU.S.dollars)attheforeign exchangeratesprevailingonthedatesofsuchtransactions.Foreigncurrencytranslationgains(losses)oninvestmentsandincometransactionsar eincludedinNetrealizedgain(loss)onforeign currencyandinIncome,respectively,ontheStatementsofOperations. e)ForwardForeignCurrencyContracts TheFundsmayenterintoforwardforeigncurrencycontractsforeitherhedgingornon-hedgingpurposeswheresuchactivityisconsistentwiththeiri nvestmentobjectivesandaspermittedby theCanadiansecuritiesregulatoryauthorities. ChangesinthecurrentvalueofforwardforeigncurrencycontractsarerecordedasUnrealizedgain(loss)onforwardforeigncurrencycontractsonth eStatementsofNetAssets,andare recordedasanIncrease(decrease)inunrealizedappreciation(depreciation)ofinvestmentsduringtheapplicableperiodontheStatementsofOper ations. Thegainorlossarisingfromthedifferencebetweenthevalueoftheoriginalforwardforeigncurrencycontractandthecontractatcloseordeliveryi srealizedandrecordedasNetrealizedgain (loss)onforeigncurrencyfortheFundsthatusetheforwardforeigncurrencycontractsforhedging,orasIncome(loss)fromforwardforeigncurrenc ycontractsfortheFundsthatdonotusethe forwardforeigncurrencycontractsforhedging. f)FuturesContracts ThemargindepositswithbrokersrelatingtofuturescontractsareincludedinMarginontheStatementsofNetAssets.Anychangeinthemarginrequire mentissettleddaily,andisincludedin ReceivableforportfoliosecuritiessoldorPayableforportfoliosecuritiespurchasedontheStatementsofNetAssets. Anydifferencebetweenthesettlementvalueatthecloseofbusinessoneachvaluationdateandthesettlementvalueatthecloseofbusinessontheprev iousvaluationdateisrecordedas Income(loss)fromfuturescontractsontheStatementsofOperations. g)Options PremiumspaidforpurchasedcallandputoptionsareincludedinInvestmentsatcurrentvalueontheStatementsofNetAssets.Whenapurchasedoptione xpires,theFundwillrealizealossin theamountofthecostoftheoption.Foraclosingtransaction,theFundwillrealizeagainorlossdependingonwhethertheproceedsaregreaterorless thanthepremiumpaidatthetimeof purchase.Whenapurchasedcalloptionisexercised,thecostofthesecuritypurchasedisincreasedbythepremiumpaidatthetimeofpurchase. PremiumsreceivedfromwritingoptionsareincludedinInvestmentsatcurrentvalueontheStatementsofNetAssetsasinitialreductionsinthevalue ofinvestments.Premiumsreceivedfrom writingoptionsthatexpireunexercisedarerecordedasIncomeontheStatementsofOperations.Foraclosingtransaction,ifthecostofclosingthet ransactionexceedsthepremiumreceived,the Fundswillrecordarealizedloss,orifthepremiumreceivedatthetimetheoptionwaswrittenisgreaterthantheamountpaid,theFundswillrecordare alizedgain.Ifawrittenputoptionis exercised,thecostforthesecuritydeliveredisreducedbythepremiumsreceivedatthetimetheoptionwaswritten. h)SecuritiesLending TheFundsmaylendportfoliosecuritiesinordertoearnadditionalrevenue,whichisdisclosedontheStatementsofOperations.Theloanedassetsofa nyoneFundarenotpermittedtoexceed 50%ofthecurrentvalueoftheassetsofthatFund(excludingcollateraldebtfortheloanedsecurities).Theminimumallowablecollateralis102%oft hecurrentvalueoftheloanedsecuritiesas pertherequirementsofNationalInstrument81-102.Collateralcanconsistofthefollowing( cPermittedCollateral d): i)Cash. ii)Anevidenceofindebtednessthatisissuedorfullyandunconditionallyguaranteedastotheprincipalandinterestby:a)thegovernmentofCanada ,oraprovinceorterritoryofCanada; b)thegovernmentoftheUnitedStatesofAmericaorthegovernmentofoneofthestatesoftheUnitedStatesofAmerica;c)thegovernmentofanothersove reignstate,orapermitted supranationalagency,if,ineachcase,theevidenceofindebtednesshasanapprovedcreditrating;ord)aCanadianfinancialinstitutionorafinanc ialinstitutionthatisnotincorporatedor organizedunderthelawsofCanadaorofaprovinceorterritoryofCanada,if,ineithercase,evidencesofindebtednessofthatissuerorguarantortha tareratedasshort-termdebtbyan approvedcreditratingorganizationhaveanapprovedcreditrating. iii)IrrevocableLettersofCreditissuedbyaCanadianfinancialinstitution,ifevidencesofindebtednessoftheCanadianfinancialinstitutiont hatareratedasshort-termdebtbyanapproved creditratingorganizationhaveanapprovedcreditrating. iv)Securitiesthatareimmediatelyconvertibleintosecuritiesofthesameissuer,class,ortype,andthesameterm,asthesecuritiesloaned. v)CommercialPaperwithatermtomaturityof365daysorlesswithanapprovedcreditratingandthatwasissuedbyacompanyotherthanagovernmentorpe rmittedsupranationalagency. Themarketvalueoftheloanedsecuritiesisdeterminedonthecloseofanyvaluationdate,andanyadditionalrequiredcollateralisdeliveredtotheF undsonthenextbusinessday.Thesecurities onloancontinuetobeincludedontheStatementofInvestmentPortfolio,andareincludedinthetotalvalueontheStatementsofNetAssetsinInvestme ntsatcurrentvalue. i)Multi-ClassStructuredFunds EachFundmayissueanunlimitednumberofclassesofunits.Therealizedandunrealizedcapitalgainsorlosses,income,andcommonexpenses(otherth anoperatingexpensesand managementfees)oftheFundareallocatedoneachvaluationdatetotheunitholdersinproportiontotherespectivepriorday 9snetassetvalue,which includesunitholdertradesdatedforthatday, ofeachclassatthedateonwhichtheallocationismade.Allclass-specificoperatingexpensesandmanagementfeesdonotrequireallocation.Allcla ss-specificoperatingexpensesarepaidbythe ManagerandarecollectedfromtheFundsonarecoverablebasis. j)OtherAssetsandLiabilities Otherassetsandliabilitiesarerecordedatcost,whichapproximatestheircurrentvalue. k)InternationalFinancialReportingStandards AtDecember31,2009,theManagerhasdevelopedachangeoverplantomeetthetimetablepublishedbytheCICAforchangeovertoInternationalFinancia lReportingStandards( cIFRS d).The keyelementsoftheplanincludecontinuingthediagnosticassessmentthatbeganin2008,solutionsdevelopmentthroughout2009and2010,implement ationbytheendof2010,andthe preparationofthe2011financialstatementsinaccordancewithIFRS. ThepotentialqualitativeimpactofthechangeovertoIFRSiscurrentlyexpectedtoincludeStatementsofCashflows(preparedusingtheindirectmet hod),startingwiththe2011financial statementswithcomparativesfor2010.TherewillalsobeadditionalchangestotheStatementofNetAssetsaroundthedisclosureofunitholders 9equ ity,andalsothepotentialtoconsolidate financialstatementswhereoneFundholdsacontrollingpositionofanotherFund.Additionalnotedisclosureasrequiredwillbeaddedtosupportthe newstatementandequitypresentation/ consolidation. Disclosuresofthequantitativeimpact,ifany,willbeinthe2010financialstatements.BasedontheManager 9scurrentunderstandingofthediffere ncesbetweenCanadianGAAPandIFRS,the ManagerdoesnotexpectanimpacttonetassetsornetassetsperunitfromthechangeovertoIFRS. l)LegendforAbbreviations Thefollowingisalistofabbreviations(foreigncurrencytranslationandothers)thatmaybeusedintheStatementofInvestmentPortfolio: CurrencyAbbreviations AUD 3AustralianDollar BRL 3BrazilianReal CAD 3CanadianDollar CHF 3SwissFranc CLP 3ChileanPeso CNY 3ChineseRenminbi CZK 3CzechKoruna DKK 3DanishKrone EUR 3Euro GBP 3BritishPound HKD 3HongKongDollar HUF 3HungarianForint IDR 3IndonesianRupiah INR 3IndianRupee NotestoFinancialStatements JPY 3JapaneseYen KRW 3SouthKoreanWon LBP 3LebanesePound MXN 3MexicanPeso MYR 3MalaysianRinggit NOK 3NorwegianKrone NZD 3NewZealandDollar PHP 3PhilippinePeso PLN 3PolishZloty RUB 3RussianRubles SEK 3SwedishKrona SGD 3SingaporeDollar THB 3ThaiBaht TRY 3TurkishNewLira TWD 3TaiwanDollar USD 3UnitedStatesDollar ZAR 3SouthAfricanRand OtherAbbreviations ADR 3AmericanDepositoryReceipt ADC 3AustrianDepositoryCertificates CVO 3ContingentValueObligationsInternational ETF 3ExchangeTradedFund GDR 3GlobalDepositoryReceiptSecurities IPN 3InternationalParticipationNote iShares 3IndexShares iUnits 3IndexUnitsSecurities LEPOs 3LowExercisePriceOptions MSCI 3MorganStanleyCapital OPaLS 3OptimizedPortfoliosasListed PERLES 3PerformanceLinkedtoEquity REIT 3RealEstateInvestmentTrust SDR 3SwedishDepositoryReceipt 3.ValuationofInvestments Thevaluationdate( cValuationDate d)foraFundisanydaytheTorontoStockExchangeisopenforbusiness.TheTrusteemay,atitsdiscretion,establi shotherValuationDates. ThevalueoftheinvestmentsorassetsofaFundisdeterminedasfollows: a)CashandOtherAssets Cash,accountsreceivable,dividendsreceivable,distributionsreceivable,andaccruedinterestarevaluedattheirrecordedcost,plusorminusa nyforeignexchangebetweenrecognitionofthe assetbytheFundandthecurrentValuationDate,whichapproximatescurrentvalue. Short-terminvestments(moneymarketinstruments)arevaluedatcurrentvalue. b)Bonds,Debentures,andOtherDebtObligations Bonds,debentures,andotherdebtobligationsarevaluedatcurrentvalueusingthebid/askpriceprovidedbyarecognizedvendoruponthecloseoftra dingonaValuationDate. c)ListedSecurities,UnlistedSecurities,andFairValuePricingofForeignSecurities Anysecuritythatislistedortradedonasecuritiesexchangeisvaluedatcurrentvalueusingtheclosingbidpriceor,ifthereisnoclosingbidpriceo nthatexchange,andinthecaseofsecurities tradedonanOTCmarket,atthecurrentvalueasdeterminedbytheManagerasanappropriatebasisforvaluation.Insuchsituations,afairvaluewillbe determinedbytheManagertoestablish currentvalue.Ifanysecuritiesareinter-listedortradedonmorethanoneexchangeormarket,theManagerwillusetheprincipalexchangeormarketf orthecurrentvalueofsuchsecurities. UnitsofeachmutualfundinwhichaFundinvestswillbevaluedatcurrentvalueusingthemostrecentnetassetvaluequotedbytheTrusteeorManageroft hemutualfundontheValuationDate. Unlistedsecuritiesarevaluedatcurrentvalueusingthebidpricequotedbyarecognizeddealer,ortheManagermaydetermineapricethatmoreaccura telyreflectsthefairvalueofthese securitiesiftheManagerfeelsthebidpricedoesnotreflectcurrentvalue. Fairvaluepricingisdesignedtoavoidstalepricesandtoprovideamoreaccuratecurrentvalue,andmayassistinthedeterrenceofharmfulshort-ter morexcessivetradingintheFunds.When securitieslistedortradedonmarketsorexchangesthatclosepriortoNorthorSouthAmericanmarketsorexchangesarevaluedbytheManagerattheirf airmarketvalue,insteadofusingquoted orpublishedprices,thepricesofsuchsecuritiesusedtocalculatetheFund 9snetassetsornetassetvaluemaydifferfromquotedorpublishedprices ofsuchsecurities. d)Derivatives Longpositionsinoptions,debt-likesecurities,andlistedwarrantsarevaluedatcurrentvalueusingtheclosingbidpriceasestablishedoneither theirprincipaltradingexchangeorbya recognizeddealerinsuchsecurities.Thecreditratingofeachcounterparty(asratedbyStandard&Poor 9s,adivisionofTheMcGraw-HillCompanies, Inc.)meetstheminimumapprovedcredit rating. WhenanyoptioniswrittenbyanyFund,thepremiumreceivedbytheFundwillbereflectedasaliabilitythatwillbevaluedatanamountequaltothecurre ntmarketvalueoftheoptionthat wouldhavetheeffectofclosingtheposition.Anydifferenceresultingfromrevaluationshallbetreatedasanunrealizedgainorlossoninvestment; theliabilityshallbedeductedinarrivingatthe netassetsoftheFund.Thesecurities,ifany,thatarethesubjectofawrittenoptionwillbevaluedinthemannerdescribedaboveforlistedsecuritie s. Futurescontracts,forwardcontracts,orswapswillbevaluedatcurrentvalueatthegainorloss,ifany,thatwouldberealizedontheValuationDatei fthepositioninthefuturescontracts, forwardcontracts,orswapsweretobeclosedout. Marginpaidordepositedinrespectoffuturescontractsandforwardcontractswillbereflectedasanaccountsreceivableandmarginconsistingofas setsotherthancashwillbenotedasheld ascollateral. OtherderivativesandmarginarevaluedatcurrentvalueinamannerthattheManagerdeterminestorepresenttheircurrentvalue. e)RestrictedSecurities RestrictedsecuritiespurchasedbyanyFundwillbevaluedatcurrentvalueinamannerthattheManagerdeterminestorepresenttheircurrentvalue. f)OtherInvestments AllotherinvestmentsoftheFundswillbevaluedatcurrentvalueinaccordancewiththelawsoftheCanadiansecuritiesregulatoryauthoritieswhere applicable. ThevalueofanysecurityorotherpropertyofaFundforwhichamarketquotationisnotreadilyavailableorwherethemarketquotationsdonotproperly reflectthecurrentvalueofsuch securitieswillbedeterminedbytheManagerbyvaluingthesecuritiesattheircurrentvalue.Insuchsituations,currentvaluewillbedeterminedus ingfairvaluationtechniquesthatmostaccurately reflecttheirfairvalueasestablishedbytheManager. 4.UnitsIssuedandOutstanding EachFundhasanunlimitednumberofclassesofunitsandmayissueanunlimitednumberofunitsofeachclass.Theoutstandingunitsrepresentthecapit aloftheFunds.Eachunithasnopar value,andthevalueofeachunitisthenetassetvaluenextdetermined.Settlementofthecostforunitsissuediscompletedaspersecurityregulation sinplaceatthetimeofissue.Distributions madebytheFunds,andre-investedbyclientsinadditionalunits,alsoconstituteissuedcapitaloftheFunds. UnitsareredeemedatthenetassetvalueperunitoftheFund.ArighttoredeemunitsofaFundmaybesuspendedwiththeapprovaloftheCanadiansecuriti esregulatoryauthoritiesorwhen normaltradingissuspendedonastock,options,orfuturesexchangeinCanadaoroutsideCanadaonwhichsecuritiesorderivativesthatmakeupmoreth an50%ofthevalueorunderlying exposureofthetotalassetsoftheFund,notincludinganyliabilitiesoftheFund,aretraded,andwhenthosesecuritiesorderivativesarenottraded onanyotherexchangethatrepresentsa reasonablypracticalalternativefortheFund.TheFundsarenotsubjecttoanyexternallyimposedcapitalrequirements. ThecapitalreceivedbyaFundisutilizedwithintherespectiveinvestmentmandateofaFund.ThisincludesforallFundstheabilitytomakeliquidity availabletosatisfyclientunitredemption requirementsupontheclients 9request. NotestoFinancialStatements TheactivityforunitsonadollarbasiscanbefoundontheStatementsofChangesinNetAssets.Changesinissuedandoutstandingunits,fortheperiods endedDecember31,2009and2008, aresummarizedasfollows: UnitsIssuedandOutstanding 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 CIBCCanadian T-BillFund 3 ClassA CIBCCanadian T-BillFund 3 PremiumClass CIBCMoney MarketFund 3 ClassA CIBCMoney MarketFund 3 PremiumClass CIBCU.S.Dollar MoneyMarketFund 3 ClassA Balance 4beginningofperiod 37,168,768 4 153,601,334 156,649,821 225,390,492 207,237,312 277,641,169 201,371,084 27,995,514 43,577,648 Unitsissuedforcashandassets 11,856,483 48,272,446 78,768,261 155,744,459 127,973,107 252,919,849 161,144,157 503,930,121 16,583,765 36,009,454 Unitsissuedonreinvestmentofdistributions 71,188 183,506 545,865 3,864,313 837,447 5,681,211 1,494,176 9,117,232 64,783 917,025 49,096,439 48,455,952 232,915,460 316,258,593 354,201,046 465,838,372 440,279,502 714,418,437 44,644,062 80,504,127 Unitsredeemed (25,792,155) (11,287,184) (122,283,028) (162,657,259) (179,911,191) (240,447,880) (306,919,612) (436,777,268) (18,530,881) (52,508,613) Balance 4endofperiod 23,304,284 37,168,768 110,632,432 153,601,334 174,289,855 225,390,492 133,359,890 277,641,169 26,113,181 27,995,514 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 CIBCU.S.Dollar MoneyMarketFund 3 PremiumClass CIBCHighYield CashFund 3 ClassA CIBCShort-Term IncomeFund 3 ClassA CIBCCanadian BondFund 3 ClassA CIBCCanadian BondFund 3 PremiumClass Balance 4beginningofperiod 27,095,572 14,925,994 1,957,927 2,735,262 29,612,471 34,508,310 68,246,923 78,014,172 9,167,689 1,772,377 Unitsissuedforcash 40,154,597 88,128,265 1,627,323 1,083,990 3,288,150 2,028,549 12,688,832 7,005,526 27,549,199 10,097,856 Unitsissuedonreinvestmentofdistributions 139,157 953,960 7,906 62,743 620,299 787,696 2,389,487 2,781,311 643,937 233,913 67,389,326 104,008,219 3,593,156 3,881,995 33,520,920 37,324,555 83,325,242 87,801,009 37,360,825 12,104,146 Unitsredeemed (37,683,138) (76,912,647) (1,230,031) (1,924,068) (5,230,800) (7,712,084) (9,066,689) (19,554,086) (5,948,762) (2,936,457) Balance 4endofperiod 29,706,188 27,095,572 2,363,125 1,957,927 28,290,120 29,612,471 74,258,553 68,246,923 31,412,063 9,167,689 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 CIBCMonthly IncomeFund 3 ClassA CIBCGlobal BondFund 3 ClassA CIBCGlobal MonthlyIncomeFund 3 ClassA CIBCBalancedFund 3 ClassA CIBCDividend IncomeFund 3 ClassA Balance 4beginningofperiod 435,570,310 455,289,295 6,373,326 7,457,811 45,885,127 47,300,863 42,276,529 46,668,363 11,277,475 7,616,112 Unitsissuedforcash 83,132,484 65,897,269 1,146,933 757,730 3,284,194 3,502,020 1,823,582 2,425,687 5,558,402 4,383,580 Unitsissuedonreinvestmentofdistributions 23,410,597 24,829,997 459,670 116,651 2,190,455 1,988,160 596,166 742,199 726,333 438,111 542,113,391 546,016,561 7,979,929 8,332,192 51,359,776 52,791,043 44,696,277 49,836,249 17,562,210 12,437,803 Unitsredeemed (69,382,324) (110,446,251) (785,074) (1,958,866) (4,750,245) (6,905,916) (5,471,654) (7,559,720) (1,379,269) (1,160,328) Balance 4endofperiod 472,731,067 435,570,310 7,194,855 6,373,326 46,609,531 45,885,127 39,224,623 42,276,529 16,182,941 11,277,475 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 CIBCDividend GrowthFund 3 ClassA CIBCCanadian EquityFund 3 ClassA CIBCCanadian EquityValueFund 3 ClassA CIBCCanadian Small-CapFund 3 ClassA CIBCDisciplined U.S.EquityFund 3 ClassA Balance 4beginningofperiod 33,596,669 31,446,064 21,452,724 22,134,352 17,491,402 16,890,249 14,664,622 10,150,622 25,044,830 22,487,367 Unitsissuedforcashandassets 5,396,951 8,048,889 963,150 2,531,456 1,159,851 1,827,577 423,814 6,293,256 4,028,851 3,829,948 Unitsissuedonreinvestmentofdistributions 312,300 515,384 2,055 138,592 4 78,297 59,633 72,799 97,494 249,825 39,305,920 40,010,337 22,417,929 24,804,400 18,651,253 18,796,123 15,148,069 16,516,677 29,171,175 26,567,140 Unitsredeemed (5,190,662) (6,413,668) (3,174,489) (3,351,676) (1,391,402) (1,304,721) (2,578,517) (1,852,055) (463,493) (1,522,310) Balance 4endofperiod 34,115,258 33,596,669 19,243,440 21,452,724 17,259,851 17,491,402 12,569,552 14,664,622 28,707,682 25,044,830 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 CIBCU.S.Small CompaniesFund 3 ClassA CIBCGlobal EquityFund 3 ClassA CIBCDisciplined InternationalEquity Fund 3 ClassA CIBCEuropean EquityFund 3 ClassA CIBCEmerging MarketsFund 3 ClassA Balance 4beginningofperiod 10,867,257 10,697,520 6,594,536 7,277,595 26,245,721 21,874,585 15,642,548 14,316,616 6,885,499 5,639,818 Unitsissuedforcash 2,688,396 2,151,247 468,242 628,533 3,281,489 4,816,496 2,415,585 2,762,067 948,122 1,982,104 Unitsissuedonreinvestmentofdistributions 4 4 4 4 359,198 340,554 28,347 122,571 14,293 455,932 13,555,653 12,848,767 7,062,778 7,906,128 29,886,408 27,031,635 18,086,480 17,201,254 7,847,914 8,077,854 Unitsredeemed (1,209,596) (1,981,510) (845,335) (1,311,592) (431,971) (785,914) (2,267,817) (1,558,706) (1,547,772) (1,192,355) Balance 4endofperiod 12,346,057 10,867,257 6,217,443 6,594,536 29,454,437 26,245,721 15,818,663 15,642,548 6,300,142 6,885,499 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 CIBCAsia PacificFund 3 ClassA CIBCLatin AmericanFund 3 ClassA CIBCInternational SmallCompaniesFund 3 ClassA CIBCFinancial CompaniesFund 3 ClassA CIBCCanadian ResourcesFund 3 ClassA Balance 4beginningofperiod 13,645,948 12,879,615 1,118,364 1,304,323 6,117,462 7,212,833 13,761,881 11,922,388 4,036,537 4,333,291 Unitsissuedforcash 930,776 2,338,206 295,577 235,119 275,255 639,549 3,512,195 4,519,479 1,101,756 714,263 Unitsissuedonreinvestmentofdistributions 4 267,875 4,833 27,197 4 67 2 39,130 4 4 14,576,724 15,485,696 1,418,774 1,566,639 6,392,717 7,852,449 17,274,078 16,480,997 5,138,293 5,047,554 Unitsredeemed (1,593,737) (1,839,748) (207,089) (448,275) (1,155,900) (1,734,987) (2,687,479) (2,719,116) (711,377) (1,011,017) Balance 4endofperiod 12,982,987 13,645,948 1,211,685 1,118,364 5,236,817 6,117,462 14,586,599 13,761,881 4,426,916 4,036,537 NotestoFinancialStatements 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 CIBCEnergyFund 3 ClassA CIBCCanadian RealEstateFund 3 ClassA CIBCPrecious MetalsFund 3 ClassA CIBCGlobal TechnologyFund 3 ClassA CIBCCanadianShort- Term BondIndexFund 3 ClassA Balance 4beginningofperiod 4,653,694 4,712,160 2,795,213 3,352,161 6,561,679 7,279,971 4,686,793 5,378,903 92,681,316 73,928,000 Unitsissuedforcash 1,581,022 832,815 385,996 461,066 1,217,583 1,476,064 388,247 402,197 75,365,647 39,253,494 Unitsissuedonreinvestmentofdistributions 4 306,733 24,134 71,557 4 4 4 (2) 3,844,853 3,029,598 6,234,716 5,851,708 3,205,343 3,884,784 7,779,262 8,756,035 5,075,040 5,781,098 171,891,816 116,211,092 Unitsredeemed (925,553) (1,198,014) (664,312) (1,089,571) (1,613,516) (2,194,356) (762,003) (1,094,305) (36,073,967) (23,529,776) Balance 4endofperiod 5,309,163 4,653,694 2,541,031 2,795,213 6,165,746 6,561,679 4,313,037 4,686,793 135,817,849 92,681,316 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 CIBCCanadian BondIndexFund 3 ClassA CIBCGlobal BondIndexFund 3 ClassA CIBCBalanced IndexFund 3 ClassA CIBCCanadian IndexFund 3 ClassA CIBCU.S.Broad MarketIndexFund 3 ClassA Balance 4beginningofperiod 51,460,231 57,010,855 6,078,896 6,481,822 2,501,957 1,871,529 34,228,545 31,116,402 24,897,877 24,535,570 Unitsissuedforcash 7,270,086 9,465,373 1,033,147 1,648,459 470,112 990,506 6,702,428 6,713,804 6,866,764 9,486,508 Unitsissuedonreinvestmentofdistributions 1,883,159 2,320,665 97,081 401,737 86,454 4 888,600 2,857,439 648,124 42,755 60,613,476 68,796,893 7,209,124 8,532,018 3,058,523 2,862,035 41,819,573 40,687,645 32,412,765 34,064,833 Unitsredeemed (12,519,730) (17,336,662) (1,843,117) (2,453,122) (544,568) (360,078) (5,954,541) (6,459,100) (6,683,202) (9,166,956) Balance 4endofperiod 48,093,746 51,460,231 5,366,007 6,078,896 2,513,955 2,501,957 35,865,032 34,228,545 25,729,563 24,897,877 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 CIBCU.S. IndexFund 3 ClassA CIBCInternational IndexFund 3 ClassA CIBCEuropean IndexFund 3 ClassA CIBCEmergingMarkets IndexFund 3 ClassA CIBCAsiaPacific IndexFund ClassA Balance 4beginningofperiod 36,053,285 35,937,954 23,571,965 9,691,124 8,935,285 3,902,886 6,738,793 6,767,471 2,148,481 2,303,749 Unitsissuedforcashandassets 3,445,916 6,919,650 3,535,066 19,299,549 599,273 6,311,032 2,181,486 2,584,016 349,628 388,832 Unitsissuedonreinvestmentofdistributions 3,978 4,181 690,847 21,346 268,895 91,494 395,345 132,551 160,516 2,402 39,503,179 42,861,785 27,797,878 29,012,019 9,803,453 10,305,412 9,315,624 9,484,038 2,658,625 2,694,983 Unitsredeemed (5,872,873) (6,808,500) (4,051,603) (5,440,054) (1,454,080) (1,370,127) (1,397,968) (2,745,245) (375,396) (546,502) Balance 4endofperiod 33,630,306 36,053,285 23,746,275 23,571,965 8,349,373 8,935,285 7,917,656 6,738,793 2,283,229 2,148,481 2009 2008 2009 2008 200920092009 2008 CIBCNasdaq IndexFund 3 ClassA CIBCManaged IncomePortfolio 3 ClassA CIBCManaged IncomePortfolio 3 ClassT4 CIBCManaged IncomePortfolio 3 ClassT6 CIBCManaged IncomePlusPortfolio 3 ClassA Balance 4beginningofperiod 13,620,479 4,052,547 18,663,428 16,230,272 4 424,741,383 23,585,655 Unitsissuedforcashandassets 1,334,325 11,664,402 8,140,234 6,390,670 16,55333,8426,377,359 5,969,560 Unitsissuedonreinvestmentofdistributions 2,639 2,411 544,345 478,928 61349526,561 507,970 14,957,443 15,719,360 27,348,007 23,099,870 16,61434,19131,645,303 30,063,185 Unitsredeemed (2,115,282) (2,098,881) (3,810,719) (4,436,442) (501)(296)(3,983,748) (5,321,802) Balance 4endofperiod 12,842,161 13,620,479 23,537,288 18,663,428 16,11333,89527,661,555 24,741,383 200920092009 2008 20092009 CIBCManaged IncomePlusPortfolio 3 ClassT4 CIBCManaged IncomePlusPortfolio 3 ClassT6 CIBCManaged BalancedPortfolio 3 ClassA CIBCManaged BalancedPortfolio 3 ClassT4 CIBCManaged BalancedPortfolio 3 ClassT6 Balance 4beginningofperiod 4 471,344,134 69,887,168 4 4 Unitsissuedforcash 18,9901,27313,464,975 13,077,205 10,7891,587 Unitsissuedonreinvestmentofdistributions 180131,378,509 1,833,702 1006 19,1701,28686,187,618 84,798,075 10,8891,593 Unitsredeemed (2,119)(1)(10,143,908) (13,453,941) (4)(1,109) Balance 4endofperiod 17,0511,28576,043,710 71,344,134 10,885484 20092009 2008 200920092009 2008 CIBCManaged BalancedPortfolio 3 ClassT8 CIBCManagedMonthly IncomeBalanced Portfolio 3 ClassA CIBCManagedMonthly IncomeBalanced Portfolio 3 ClassT6 CIBCManagedMonthly IncomeBalanced Portfolio 3 ClassT8 CIBCManaged BalancedGrowthPortfolio ClassA Balance 4beginningofperiod 412,757,101 6,658,664 4 462,725,368 60,155,561 Unitsissuedforcash 91,0599,913,327 7,873,786 21,05966,31512,099,415 11,985,371 Unitsissuedonreinvestmentofdistributions 1,0551,187,458 665,037 113479862,570 1,251,495 92,11423,857,886 15,197,487 21,17266,79475,687,353 73,392,427 Unitsredeemed (15,613)(3,034,944) (2,440,386) (6)(1)(8,606,434) (10,667,059) Balance 4endofperiod 76,50120,822,942 12,757,101 21,16666,79367,080,919 62,725,368 NotestoFinancialStatements 2009200920092009 2008 2009 CIBCManaged BalancedGrowthPortfolio ClassT4 CIBCManaged BalancedGrowthPortfolio ClassT6 CIBCManaged BalancedGrowthPortfolio ClassT8 CIBCManaged GrowthPortfolio 3 ClassA CIBCManaged GrowthPortfolio 3 ClassT4 Balance 4beginningofperiod 4 4 430,720,468 29,747,642 4 Unitsissuedforcash 5,5377,2653,4845,629,424 5,611,221 533 Unitsissuedonreinvestmentofdistributions 585139306,971 770,438 2 5,5957,3163,52336,656,863 36,129,301 535 Unitsredeemed (104)(1,588)(507)(4,404,495) (5,408,833) (533) Balance 4endofperiod 5,4915,7283,01632,252,368 30,720,468 2 20092009 2008 200920092009 CIBCManaged GrowthPortfolio 3 ClassT6 CIBCManaged AggressiveGrowth Portfolio 3 ClassA CIBCManaged AggressiveGrowth Portfolio 3 ClassT4 CIBCManaged AggressiveGrowth Portfolio 3 ClassT6 CIBCManaged AggressiveGrowth Portfolio 3 ClassT8 Balance 4beginningofperiod 412,538,819 12,279,622 4 4 4 Unitsissuedforcash 152,602,297 2,433,996 2,2856052,146 Unitsissuedonreinvestmentofdistributions 493,040 201,402 4420 1515,234,156 14,915,020 2,2896092,166 Unitsredeemed 4(1,764,804) (2,376,201) 4 4(11) Balance 4endofperiod 1513,469,352 12,538,819 2,2896092,155 2009 2008 20092009 2008 20092009 CIBCU.S.DollarManaged IncomePortfolio 3 ClassA CIBCU.S.Dollar Managed IncomePortfolio 3 ClassT4 CIBCU.S.DollarManaged BalancedPortfolio 3 ClassA CIBCU.S.Dollar Managed BalancedPortfolio 3 ClassT4 CIBCU.S.Dollar Managed BalancedPortfolio 3 ClassT6 Balance 4beginningofperiod 7,145,708 7,489,586 46,986,814 8,449,344 4 4 Unitsissuedforcash 4,077,088 2,567,926 40,588897,561 1,196,280 10,00019,545 Unitsissuedonreinvestmentofdistributions 186,197 191,970 111116,060 143,829 4 4 11,408,993 10,249,482 40,6998,000,435 9,789,453 10,00019,545 Unitsredeemed (1,386,776) (3,103,774) 4(1,339,443) (2,802,639) 4 4 Balance 4endofperiod 10,022,217 7,145,708 40,6996,660,992 6,986,814 10,00019,545 2009 2008 CIBCU.S.DollarManaged GrowthPortfolio 3 ClassA Balance 4beginningofperiod 1,517,245 1,854,086 Unitsissuedforcash 272,460 176,365 Unitsissuedonreinvestmentofdistributions 14,474 130,351 1,

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