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Renaissance Investments™

Renaissance U.S. Money Market Fund [Class A]



Investment Objective

To obtain a high level of interest income denominated in U.S. dollars, while maintaining a high level of security of capital and liquidity.

Fund Specifications

Also available in Class F

Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100

Distribution of Earnings:
The Fund intends to distribute net income monthly. Net realized capital gains due to foreign exchange fluctuations may be distributed to investors annually in December, unless we elect before the last valuation date of the fiscal year to retain them in the Fund, with the result that tax will be payable by the Fund. When net realized capital gains are distributed to investors, they will be automatically reinvested in additional units and there will be a simultaneous consolidation of all outstanding units to ensure that the net asset value per unit of the Fund is maintained at US$10. The distribution is added to the adjusted cost base of an investor’s investment and is included in the taxable income in the year in which the gain is paid or payable to the investor.

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): 1.00%

Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2017: 0.20%

Front-End Load Option ATL974
Back-End Load Option ATL363
Low Load Option ATL762
   
Inception Date: March 30, 1987
   
Assets Under Management (000’s)
As at:

Portfolio Sub-Advisors

CIBC Asset Management

CIBC Asset Management (CIBC AM) 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.

Stéphanie Lessard, CIBC Asset Management Inc.
Stéphanie Lessard joined CIBC Asset Management Inc. in April 2001. Ms. Lessard is a member of the Global Fixed Income team operating from within the firm's Investment Management Platform.

Steven Dubrovsky, CIBC Asset Management
Steven Dubrovsky joined CIBC Asset Management Inc. in August 1992. Mr. Dubrovsky is a member of the Global Fixed Income team, operating from within the firm's Investment Management Platform.

Style
Portfolio

Fixed Income Strategy
Current Yield (%) *
Week of

Source: BNY Mellon Analytics

* Net Rates

Current Yield
Current yield is an annualized historical yield based on the seven-day period ended on that day and does not represent an actual one-year return. For bonds or notes, the coupon rate divided by the market price of the bond.

 

Performance and Volatility

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

As at:



Calendar Year Performance
2016 2015 2014 2013 2012 2011 2010 2009 2008
0.6% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.2% 2.1%

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

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

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 fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed. 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. The values of many mutual funds change frequently. Past performance may not be repeated.