Renaissance Diversified Income Fund [Class A]

To generate a high level of current cash flow by investing primarily in income producing securities, including income trusts, preferred shares, common shares and fixed income securities.

Also available in Class F

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

Distributions: The Fund aims to distribute a consistent amount every month ($0.050 per unit). If the amount distributed exceeds the Fund's net income and net realized capital gains, such excess will constitute a return of capital. The amount of distribution is not guaranteed and may change from time to time.
Pre-Authorized Chequing Investment: $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 Sep 1, 2016: 1.90%
Annualized Management Expense Ratio (including applicable taxes) as at Aug 31, 2019: 2.12% 
Front-End Load OptionATL247
Back-End Load OptionATL271
Low Load OptionATL204
Inception DateFeb 4, 2003
Assets Under Management ($000)
As at: 10/30/2020
$25,752
CIBC Asset Management Inc.

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.

Craig Jerusalim, CIBC Asset Management Inc.

Craig Jerusalim is responsible for the growth and dividend growth portfolios. Mr. Jerusalim also oversees the small-cap mandates.

Prior to joining CIBC Asset Management in 2006, Mr. Jerusalim worked as an Analyst at Dynamic Mutual Funds and a Software Developer at Amdocs Ltd.

Mr. Jerusalim holds a Bachelor of Science degree from McGill University and an MBA degree from the University of Toronto. He is also a CFA charterholder and a member of the CFA Society of Toronto.

Style

The investment style box is a graphical depiction of the investing categories an investment manager will invest within.
Performance
3 mo6 moYTD1 yr3 yrs5 yrs10 yrsSince Inception
(1.1%)5.1%(6.3%)(4.2%)(1.2%)1.8%3.0%5.2%
3 mo
6 mo
YTD
1 yr
3 yrs
5 yrs
10 yrs
Since Inception
(1.1%)
5.1%
(6.3%)
(4.2%)
(1.2%)
1.8%
3.0%
5.2%

As at: 10/30/2020

Calendar Year Performance
2019201820172016201520142013201220112010
15.6%(10.8%)3.6%12.0%(4.7%)6.7%11.3%5.7%(3.7%)11.8%
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
15.6%
(10.8%)
3.6%
12.0%
(4.7%)
6.7%
11.3%
5.7%
(3.7%)
11.8%


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.

The Fund aims to distribute a consistent amount every month. If the amount distributed exceeds the Fund's net income and net realized capital gains, such excess will constitute a return of capital. The amount of distribution is not guaranteed and may change from time to time.

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.