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Renaissance Investments™

Renaissance Optimal Income Portfolio [Class A]



Investment Objective

Renaissance Optimal Income Portfolio seeks to generate income by investing primarily in units of Canadian and global mutual funds.

Fund Specifications

Also available in Class F

Minimum Initial Investment:
Lump Sum
(Class A) Initial: $500
Subsequent: $100

Distribution of Earnings:
The Fund aims to distribute a consistent amount every month ($0.035 per unit). If the amount distributed exceeds the Fund’s net income and net realized capital gains, such excess will constitute a return of capital. The amount of distribution is not guaranteed and may change from time to time.

Pre-Authorized Chequing Investment (PAC) or Group RRSP:
$50 minimum investment for monthly, quarterly, semi-annual or annual deposit.

Systematic Withdrawal Plan:
With minimum initial account value of $10,000. Withdrawals may be made monthly, quarterly, semi-annually or annually. $50 minimum.

Annual Management Fee (excluding applicable taxes): 1.75%

Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2017: 1.98%

ATL Codes Front-End
Load
Back-End
Load
Low
Load
Class A ATL048 ATL050 ATL049
Class-T6 ATL053 ATL055 ATL054
Closed to all purchases*
Class-T8 ATL056 ATL058 ATL057
Select Class ATL2401 ATL2403 ATL2402
Select-T6 ATL2407 ATL2409 ATL2408
Select-T8 ATL2413 ATL2415 ATL2414
Elite Class ATL2404 ATL2406 ATL2405
Elite-T6 ATL2410 ATL2412 ATL2411
Elite-T8 ATL2416 ATL2418 ATL2417
Inception Date: November 13, 2007
   
Assets Under Management (000’s)
As at:

Portfolio Sub-Advisors

Ares Management LLC

Ares Management is headquartered in Los Angeles with offices across the U.S., Europe and Asia, supported by approximately 700 employees across four operating divisions. The four divisions are the Private Equity Group, the Private Debt Group, the Commercial Real Estate Group and the Capital Markets Group. Ares Capital Markets Group ("Ares") invests in tradable securities, including broadly syndicated leveraged loans, high yield bonds and other fixed income investments. The Capital Markets Group's Portfolio Managers average more than 15 years of relevant experience investing in below-investment grade debt. A central tenet of Ares disciplined approach is to place a high priority on the preservation of principal (primarily through default avoidance) and minimizing downside risk.

Brandywine Global Investment Management, LLC

Established in 1986, Brandywine Global is a mid-sized investment firm based in Philadelphia. They are an independent subsidiary of Legg Mason, Inc., a global asset management holding company founded in 1899. Brandywine Global has more than 140 employees, with offices in Philadelphia, Chicago, San Francisco and Singapore covering more than 300 institutional client relationships.

CIBC Asset Management

CIBC Asset Management is one of Canada's largest asset management firms and provides a broad range of high-quality global investment management solutions to retail and institutional clients.

Maple-Brown Abbott Limited

Maple-Brown Abbott Limited is a privately owned investment management company based in Sydney, Australia. The company specializes in the management of investment portfolios consisting of global listed infrastructure securities, Australian equities and Asia-Pacific (ex-Japan) equities. The firm also manages multi-asset portfolios that have exposure to Australian and international equities, Australian fixed income, real estate investment trusts (REITs), alternative assets and cash.

Established in 1984, the firm’s aim is to achieve attractive long-term returns for clients. The company places significant emphasis on its flexible decision making and the strong alignment of its interests with its clients’ interests—hallmarks of its history as a boutique firm.

Style
Performance and Volatility

Performance
3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs YTD Since
Inception

As at:


Calendar Year Performance (Class A)
2016 2015 2014 2013 2012 2011 2010 2009 2008
6.2% 1.0% 8.5% 6.1% 7.4% 4.2% 9.0% 13.4% (12.3%)

Investment Performance

Value of $10,000 invested since inception

The rate of return or mathematical table shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the fund or returns on investment in the fund.

Historical Pricing and Distributions

*On July 21, 2017 CIBC Asset Management Inc. (CAM) announced changes to its product lineup. Certain classes were closed to all investors at end of business day July 21, 2017 and are subsequently being terminated on or about October 13, 2017. Additional classes were also closed to all investors effective end of business day September 1, 2017. For more information click here

Please refer to the Annual/Interim Management Reports of Fund Performance for further details.

The Fund aims to distribute a consistent amount every month. If the amount distributed exceeds the Fund's net income and net realized capital gains, such excess will constitute a return of capital. The amount of distribution is not guaranteed and may change from time to time.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Renaissance Investments family of funds simplified prospectus before investing. The indicated rates of return are the historical annual compounded total returns for the class A units including changes in unit value and reinvestment of all distributions, but do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed. The values of many mutual funds change frequently. Past performance may not be repeated.