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CIBC Asset Management Updates Risk Ratings for Several Renaissance Funds



CIBC Asset Management Inc. (CAM) today announced changes to the risk ratings for the Renaissance Investments mutual funds listed below. These changes will be reflected in the renewal of the simplified prospectus for the funds and are effective on or about September 11, 2017.

The new risk ratings were determined in accordance with the new standardized risk classification methodology mandated by the Canadian Securities Administrators. No changes have been made to the investment objectives, investment strategies or management of the funds. CAM reviews the risk rating for each fund at least annually, and adjustments are made whenever we determine that the investment risk level is no longer appropriate.

Fund Name Previous Risk Rating New Risk Rating
Renaissance Diversified Income Fund Medium Low to Medium
Renaissance Emerging Markets Fund High Medium to High
Renaissance Flexible Yield Fund - Hedged Classes* Low to Medium Low
Renaissance Global Real Estate Currency Neutral Fund Medium to High High
Renaissance Global Science & Technology Fund High Medium to High
Renaissance Global Small-Cap Fund Medium to High Medium
Renaissance High Income Fund Medium Low to Medium
Renaissance Optimal Income Portfolio Low to Medium Low
Renaissance Optimal Inflation Opportunities Portfolio Medium Low to Medium
Renaissance U.S. Dollar Corporate Bond Fund Low Low to Medium
Renaissance U.S. Dollar Diversified Income Fund Low Low to Medium
Renaissance U.S. Equity Growth Currency Neutral Fund Medium Medium to High

* Risk rating change applies to classes H, FH and OH of the fund only; classes A, F and O will retain their Low to Medium risk rating.