CIBC Asset Management reduces management fees on select fixed income mutual funds and ETF solution

To reinforce its commitment to providing value and competitive pricing for Canadian investors, CIBC Asset Management Inc. (CAM) announced management fee reductions on select investment products.Effective June 16, 2020, CAM reduced management fees on the following Renaissance fixed-income mutual funds and ETF solution:

FundCurrent Management Fee (%)New Management Fee (%)
Renaissance Flexible Yield Fund - Class A1.501.45
Renaissance Flexible Yield Fund - Class H1.501.45
Renaissance Flexible Yield Fund - Class F0.750.70
Renaissance Flexible Yield Fund - Class FH0.750.70
Renaissance High-Yield Bond Fund - Class A1.501.45
Renaissance High-Yield Bond Fund - Class F0.750.70
ETFTSX Ticker SymbolCurrent Management Fee (%)New Management Fee (%)
CIBC Flexible Yield ETF (CAD-Hedged)CFLX0.750.70
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Please read the Renaissance Investment family of funds and Axiom Portfolios simplified prospectus before investing. 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. Their values change frequently and past performance may not be repeated. ®Axiom, Axiom Portfolios and Renaissance Investments are registered trademarks of CIBC Asset Management Inc.

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