Fund Evaluator:
CIBC Atlas Income Opportunities Instl (AWIIX)
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Best Performing in Moderate Allocation Over the Last Year
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Fund Details
CIBC Atlas Income Opportunities Instl Overview
CIBC Atlas Income Opportunities Instl (AWIIX) is an actively managed Allocation Moderate Allocation fund. CIBC Private Wealth Management launched the fund in 2014.
The investment seeks current income and long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in income producing securities. The fund invests in a combination of common stock, preferred stock, convertible securities, fixed income securities (including corporate bonds, mortgage-backed and asset-backed securities, U.S. government securities, and money market instruments) and other investment companies (including exchange-traded funds ("ETFs") and closed-end investment companies ("closed-end funds").
About CIBC Atlas Income Opportunities Instl (AWIIX)
There are 3 members of the management team with an average tenure of 5.26 years: Tim Musial (2026), Brant Houston (2014), Sean Usechek (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg US Govt/Credit TR USD index with a weighting of 100%. CIBC Atlas Income Opportunities Instl has 96 securities in its portfolio. The top 10 holdings constitute 32.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
CIBC Atlas Income Opportunities Instl is part of the Allocation global asset class and is within the Allocation fund group. CIBC Atlas Income Opportunities Instl has 4.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 54.7%. There is 4.0% allocated to foreign stock, and 1.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 37.8% (37.2% domestic bond, 0.6% foreign bond and 0.0% convertible bond). CIBC Atlas Income Opportunities Instl has 2.5% of the portfolio in cash.
Assets Under Management
The fund has $474 million in total assets, which is below the $2 billion average for the Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AWIIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The CIBC Atlas Income Opportunities Instl expense ratio is above average compared to funds in the Moderate Allocation category. CIBC Atlas Income Opportunities Instl has an expense ratio of 0.69%, which is 31% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. CIBC Atlas Income Opportunities Instl has a portfolio turnover rate of 24%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.
Recently, in the month of August 2026, CIBC Atlas Income Opportunities Instl returned 1.7%, which earned it a grade of B, as the Moderate Allocation category had an average return of 1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
CIBC Atlas Income Opportunities Instl has a trailing yield of 2.36%, which is above the 1.95% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
CIBC Atlas Income Opportunities Instl Grades
Year to date, the fund has returned 3.5%, 4.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 5.7% over the past year (grade of F), 9.0% over the past three years (grade of F) and 4.9% per year over the past five years (grade of F) and 8.2% per year over the past 10 years (grade of D).
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AWIIX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AWIIX Return (NAV) | 1.7% | 1.9% | 5.7% | 9.0% | 4.9% | 8.2% |
| AWIIX Grade | B | A | F | F | F | D |
| +/- Category | 0.2% | 0.7% | -6.9% | -4.1% | -1.7% | -0.4% |
| Moderate Allocation Avg | 1.4% | 1.2% | 12.6% | 13.1% | 6.6% | 8.6% |
| AWIIX Tax Cost Ratio | na | na | 3.2% | 2.0% | 1.6% | 1.3% |
AWIIX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AWIIX Return (NAV) | 3.5% | 7.2% | 10.7% | 15.1% | -14.8% | 18.6% | 11.9% | 23.3% | -3.5% | 13.8% | 13.9% |
| AWIIX Grade | F | F | D | C | C | A | C | A | B | C | A |
| +/- Category | -4.5% | -6.1% | -1.6% | 0.7% | -0.8% | 4.2% | -1.0% | 3.5% | 1.6% | -0.0% | 6.2% |
| Moderate Allocation Avg | 8.0% | 13.4% | 12.2% | 14.3% | -14.0% | 14.4% | 12.9% | 19.8% | -5.1% | 13.8% | 7.7% |
| Risk Measures | |
| Standard Deviation: | 8.1% |
| Total Risk Index: | 0.66 - Below Average |
| Category Risk Index: | 0.88 - Low |
| Category Risk Grade: | A (10% Rank) |
| Beta: | 0.79 |
| R-Squared: | 82% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.4% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $474 Mil |
| Fund Total Assets: | $ 475 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 24% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 12.2 years | |||
| Average Tenure: 5.3 years | |||
| Managers (Year): Houston Brant (2014), Usechek Sean (2023), Musial Tim (2026) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 96 |
| % in Top 10 Holdings: | 32.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.6% |
Portfolio Allocation |
|
| Domestic Stock: | 54.7% |
| Foreign Stock: | 4.0% |
| Preferred Stock: | 1.0% |
| Domestic Bond: | 37.2% |
| Foreign Bond: | 0.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.5% |
Purchase Information
| Fund Family: | CIBC Private Wealth Management |
| Phone Number: | 855-328-3863 |
| Website: | www.hamlinfunds.com |
| Status: | Open |
| Inception Date: | June 27, 2014 |
| Min. Initial Purchase: | $250,000 |
| Min. Initial IRA Purchase: | $250,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.69% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.99% |
| Share Class: | CIBC Atlas Income Opportunities Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
