CIBC Flexible Yield ETF (CAD-Hedged) is an exchange traded fund launched and managed by CIBC Asset Management Inc. The fund invests in fixed income markets of global region. It invests directly and through other funds in high yielding debt, investment grade fixed income securities, U.S. government securities, corporate debt securities, mortgage and asset backed securities, loans and high yield debt securities. The fund employs fundamental analysis with top-down security picking approach to create its portfolio. It seeks to benchmark the performance of its portfolio against a composite index comprising of 20% of the Bloomberg Barclays U.S. Securitized Index (USD), 20% of the Markit iBoxx Broad U.S. Non-Agency RMBS Index (USD), 20% of the JP Morgan Corporate Emerging Market Bond Index Broad Diversified Core (USD), 15% of the Bank of America Merrill Lynch BB-B U.S. Cash Pay High Yield Index (Hedged CAD) and 25% of the Credit Suisse Leveraged Loan Index (USD). CIBC Flexible Yield ETF (CAD-Hedged) was formed on January 27, 2020 and is domiciled in Canada.