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Renaissance Investment Product Enhancements

Renaissance Investment Product Enhancements

On July 21, 2017 CIBC Asset Management Inc. (CAM) announced changes to its mutual funds line-up to offer Canadians increased value and greater accessibility to its products. The changes include management fee reductions, lower investment minimums and a simplified product offering across several classes of its mutual funds and private pools.

Management Fee Reductions
 

Pricing Changes

CAM is implementing management fee reductions across several classes of its mutual fund line-up to be effective on September 1, 2017. The changes will continue to add value for investors, following management fee reductions made in September 2016.

Minimum Investment & High Net Worth (HNW) Class Changes

Program Changes

CAM will reduce initial minimum investment amounts to make certain solutions more
accessible for Canadian investors. While also capping and terminating several mutual fund classes in order to simplify and streamline its product offer.

Renaissance Investments is offered by CIBC Asset Management Inc. CIBC Securities Inc. is a wholly-owned subsidiary of Canadian Imperial Bank of Commerce (CIBC) and is the principal distributor of the CIBC Mutual Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed. Their values change frequently and past performance may not be repeated. There can be no assurance that a money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Renaissance Private Investment Program is a trademark of CIBC Asset Management Inc. ®Renaissance Investments, Axiom and Axiom Portfolios are registered trademarks of CIBC Asset Management Inc. The material and/or its contents may not be reproduced without the express written consent of CIBC Asset Management Inc.