Renaissance U.S. Money Market Fund [Class A]

To obtain a high level of interest income denominated in U.S. dollars, while maintaining a high level of security of capital and liquidity.

Also available in Class F

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

Distributions: The Fund intends to distribute net income monthly. Net realized capital gains due to foreign exchange fluctuations may be distributed to investors annually in December, unless we elect before the last valuation date of the fiscal year to retain them in the Fund, with the result that tax will be payable by the Fund. When net realized capital gains are distributed to investors, they will be automatically reinvested in additional units and there will be a simultaneous consolidation of all outstanding units to ensure that the net asset value per unit of the Fund is maintained at US$10. The distribution is added to the adjusted cost base of an investor’s investment and is included in the taxable income in the year in which the gain is paid or payable to the investor.
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): 1.00%
Annualized Management Expense Ratio (including applicable taxes) as at Aug 31, 2019: 0.35% 
Front-End Load OptionATL974
Back-End Load OptionATL363
Low Load OptionATL762
Inception DateMar 30, 1987
Assets Under Management ($000)
As at: 10/30/2020
$75,548
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.

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.

Style

The investment style box is a graphical depiction of the investing categories an investment manager will invest within.
Fixed Income Strategy * Net Rates

Current Yield (%) *
0.10
Week of Oct 31, 2020 Source: BNY Mellon Analytics

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.

Performance
3 mo6 moYTD1 yr3 yrs5 yrs10 yrsSince Inception
0.0%0.2%0.6%0.9%1.7%1.3%0.7%2.7%
3 mo
6 mo
YTD
1 yr
3 yrs
5 yrs
10 yrs
Since Inception
0.0%
0.2%
0.6%
0.9%
1.7%
1.3%
0.7%
2.7%

As at: 10/30/2020

Calendar Year Performance
2019201820172016201520142013201220112010
2.20%2.0%1.2%0.6%0.1%0.1%0.1%0.1%0.1%0.1%
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2.20%
2.0%
1.2%
0.6%
0.1%
0.1%
0.1%
0.1%
0.1%
0.1%


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.

†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 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.