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Renaissance Investments™

Renaissance Canadian Small-Cap Fund [Class A]

Investment Objective

To seek above-average, long-term growth of capital by investing primarily in a diversified portfolio of equity securities of small- to medium-sized Canadian issuers.

Fund Specifications

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

Distribution of Earnings:
Distributions of net income and net realized capital gains occur annually in December.

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) as at September 1, 2016: 1.75%

Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2015: 2.59%

Front-End Load Option ATL905
Back-End Load Option ATL852
Low Load Option ATL670
Inception Date: October 25, 1996
Assets Under Management (000’s)
As at: 09/30/2016

Portfolio Sub-Advisors

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.

Jennifer Law, CIBC Asset Management Inc.
Jennifer Law joined CIBC Asset Management Inc. in May 2003. Ms. Law is a member of the Global Equity group, operating from within the firms Investment Management Platform, and is responsible for the Canadian equity small cap growth product. She is also a CFA charterholder.

Performance and Volatility

3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs YTD Since
3.5% 14.1% 20.0% 6.2% 6.4% 5.5% 16.3% 7.8%

As at: 09/30/2016

Calendar Year Performance
2015 2014 2013 2012 2011 2010 2009 2008 2007
(7.9%) 2.3% 16.5% (2.3%) (11.6%) 36.1% 54.0% (36.9%) 5.1%

Historical Pricing and Distributions

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.

The management fee has changed effective September 1, 2016. The management expense ratio (MER) for the financial year ending August 31, 2017 will be based on the total expenses of the Fund for that financial year (excluding commissions and other portfolio transaction costs). The Manager may waive and/or absorb management fees and operating expenses at its discretion. The practice of waiving and/or absorbing management fees and operating expenses may continue indefinitely or may be terminated at any time without notice to unitholders.

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 funds are not guaranteed. The values of many mutual funds change frequently. Past performance may not be repeated.