Renaissance Money Market Fund [Class A]
To obtain a high level of income consistent with preservation of capital and liquidity by investing primarily in high quality, short-term debt securities issued or guaranteed by the Government of Canada or any Canadian provincial government obligations of Canadian banks, trust companies and corporations.
Minimum Initial Investment:
|Front-End Load Option||ATL1025|
|Back-End Load Option||-|
|Low Load Option||-|
|Closed to all purchases|
|Front-End Load Option||-|
|Back-End Load Option**||ATL1125|
|Low Load Option**||ATL2125|
|Inception Date||Jan 2, 1987|
|Assets Under Management ($000) |
As at : 05/31/2022
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.
|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.
|3 mo||6 mo||YTD||1 yr||3 yrs||5 yrs||10 yrs||Since Inception|
As at: 05/31/2022
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.
†Please refer to the Annual/Interim Management Reports of Fund Performance for further details.
**Effective May 13, 2022, all deferred sales charge (referred to as DSC) purchase options (i.e. back-end load and low-load options) are closed to new purchases, including purchases through pre-authorized chequing plans. Switches to units of another Fund managed by CIBC Asset Management Inc. under the same DSC purchase option will continue to be available.
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.