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Renaissance Investments™

Axiom Diversified Monthly Income Portfolio [Class A]

Investment Objective

The Portfolio will seek to:

  • Create a diversified portfolio of investments across several asset classes
  • Invest primarily in mutual funds
  • Achieve a mix of high current income and some long-term capital growth by investing primarily in a diversified blend of income and bond mutual funds, along with equity mutual funds.

We will not change the fundamental investment objectives of the Portfolio without the consent of unitholders by a majority of votes cast at a meeting of unitholders.

Additional Portfolio Information

Portfolio Profile

Fund Facts

Fact Sheet

Portfolio Specifications

Also available in Class F

Minimum Initial Investment Lump Sum:

  • Class A - $500 in both registered and non-registered accounts.
  • $100 for additional investments.

Distribution of Earnings:
The Portfolio intends to distribute net income monthly. Net realized capital gains accumulated to date are intended to be distributed in the month of December. A portion of the distributions may consist of a return of capital.

The target distributions are as follows:

  • Class A: 4% per year
  • Class T6: 6% per year

Pre-Authorized Chequing Investment (PAC):
$50 in both registered and non-registered accounts.
Deposits may be made monthly, quarterly, semi-annually or annually.

Systematic Withdrawal Plan:
$50 in non-registered accounts.
Withdrawals may be made monthly, quarterly, semi-annually or annually.

Portfolio Codes:
ATL Codes Front-End
Load
Back-End
Load
Low
Load
Class A
ATL983 ATL985 ATL984
Class-T6
ATL072 ATL074 ATL073
Class F
ATL788
Closed to all purchases*
Class-T8
ATL081 ATL083 ATL082
Select Class
ATL929 ATL931 ATL930
Select-T6
ATL075 ATL077 ATL076
Elite Class
ATL953 ATL955 ATL954

Management Expense Ratio (MER):   
Class A  
2.21% 

Includes applicable taxes

 

Performance and Volatility

Performance: November 30, 2018
3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs YTD Since
Inception
(4.2%) (2.6%) (3.0%) 3.5% 3.5% 5.8% (3.1%) 4.1%
Since Inception date: March 15, 2005

*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

Annualized MERs for the period ending August 31 2017 (as disclosed in each fund or portfolio's interim management report of fund performance). Renaissance Investments may have waived fees or absorbed expenses otherwise payable by a portfolio. At the discretion of Renaissance Investments, this practice may continue indefinitely and can be terminated at any time.

Management fees for Class A units are outlined in the Simplified Prospectus of the Portfolios. There are currently no management fees payable by the Class O units of the Underlying Pools in respect of the investment by the Portfolio in such Class O units. No management fees are payable by the Portfolio that would duplicate a fee payable by the Underlying Pool(s) for the same service.

The monthly distribution is set out at an amount equal to approximately 4% per annum for Class A, 6% per annum for Class T6 calculated as a percentage of the annual average net asset value of the Portfolio. The monthly distribution rates may be adjusted from time to time at our discretion. If the monthly amount distributed exceeds the portfolios’ net income and net realized capital gains, such excess will constitute a return of capital. It is likely that a greater proportion of the amount distributed for Class T6, will constitute a return of capital.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Axiom Portfolios simplified prospectus before investing. The indicated rates of return are the historical annual compounded total returns for the Class A units, as at November 30, 2018 , 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, their values change frequently and past performance may not be repeated.