Quarterly Portfolio Disclosure

Quarterly Portfolio Disclosure
As at March 31, 2011
CIBC Latin American Fund
The summary of investment portfolio may change due to ongoing portfolio transactions of the investment fund. The Top Positions table includes the fund’s
25 largest positions. For funds with fewer than 25 positions in total, all positions are shown. Cash and cash equivalents are shown in total as one position.
This information is updated quarterly and may be obtained by calling us toll-free at 1-800-465-3863, by visiting www.cibc.com/mutualfunds, or by writing to
CIBC, 5650 Yonge Street, 20th Floor, Toronto, Ontario, M2M 4G3.
Summary of Investment Portfolio
Portfolio Breakdown
Brazil
Mexico
Argentina
Chile
Cash & Cash Equivalents
Peru
Luxembourg
Other Assets, Less Liabilities
Total Net Asset Value
% of
Net Asset Value
67.09
20.02
3.51
3.21
2.79
1.91
1.67
-0.20
Top Positions
Petróleo Brasileiro SA, Preferred
Companhia Vale do Rio Doce, Preferred, Series 'A'
America Movil SA de CV, Series 'L', ADR
Cia. Hering
Grupo Financiero Banorte SA de CV
Petróleo Brasileiro SA
Cash & Cash Equivalents
Redecard SA
Grupo Continental SAB de CV, Series 'I'
Tele Norte Leste Participações SA (Telemar)
Confab Industrial SA, Preferred
Petróleo Brasileiro SA, Sponsored ADR
Inpar SA
Embraer SA, ADR
Companhia de Saneamento de Minas Gerais - Copasa MG
Tim Participações SA
Gerdau SA, Preferred
Credicorp Ltd.
Banco Bradesco SA
Itau Unibanco Holding SA
Duratex SA
Brasil Insurance Participacoes e Administracao SA
Banco Santander (Brasil) SA, ADR
AES Tiete SA, Preferred
PDG Realty SA Empreendimentos e Participacoes
% of
Net Asset Value
5.85
5.34
4.66
3.68
3.56
3.44
2.79
2.45
2.33
2.33
2.26
2.16
2.16
2.11
2.06
2.00
1.93
1.91
1.90
1.86
1.75
1.73
1.69
1.65
1.48
$37,318,986
Canadian Imperial Bank of Commerce (CIBC) is the manager, CIBC Trust Corporation is the trustee, and CIBC Securities Inc. is the principal distributor of the
CIBC Mutual Funds. CIBC Trust Corporation and CIBC Securities Inc. are subsidiaries of CIBC. Commissions, trailing commissions, management fees, and
expenses all may be associated with mutual fund investments. Please read the CIBC Mutual Funds and CIBC Family of Managed Portfolios simplified
prospectus before investing. To obtain a copy, call CIBC Securities Inc. at 1-800-465-3863 or ask your advisor. Mutual funds are not guaranteed, their values
change frequently, and past performance may not be repeated. The CIBC logo is a registered trademark of Canadian Imperial Bank of Commerce.