CIBC Multifactor U.S. Equity ETF

CIBC Multifactor U.S. Equity ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the CIBC Multifactor U.S. Equity Index, or any successor thereto. Under normal market conditions, CIBC Multifactor U.S. Equity ETF will invest primarily in an equally weighted portfolio of U.S. equity securities that exhibit certain factor considerations related to value, momentum, low volatility and quality. In respect of the Hedged Units, CIBC Multifactor U.S. Equity ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the CIBC Multifactor U.S. Equity Index (CAD Hedged), or any successor thereto.