Renaissance Canadian Growth Fund [Class A]

To achieve long-term investment returns through capital growth, primarily in equity securities of large to medium-sized Canadian issuers.

Also available in Class F

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

Distributions: Distribution of net income and net realized capital gains occur annually in December.
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, 2020: 1.55%
Annualized Management Expense Ratio (including applicable taxes) : 2.29%
Front-End Load OptionATL902
Back-End Load Option-
Low Load Option-
Closed to all purchases
Front-End Load Option-
Back-End Load Option**ATL843
Low Load Option**ATL669
Inception DateOct 30, 1985
Assets Under Management ($000)
As at : 11/30/2022
$1,276,540
Sub-Advisor of the Underlying Fund – Renaissance Canadian Growth Fund

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.

Michal Marszal, CIBC Asset Management Inc.

Michal Marszal is a Portfolio Manager with Equities – Global Healthcare at CIBC Asset Management.

He is responsible for research coverage and stock selection within the global healthcare sector.

Prior to joining CIBC in 2017, Mr. Marszal was a consultant in healthcare equity research for Caisse de dépôt et placement du Québec. Previously, he was a senior analyst focusing on healthcare therapeutics at Lombard Odier Investment Managers. Mr. Marszal began his investment career as an analyst covering medical technology, and subsequently biotechnology companies at Sectoral Asset Management.

Mr. Marszal holds a Doctor of Medicine and Master of Surgery degree from McGill University. Upon graduating from medical school, he joined the Neurological Surgery Residency training program at Stanford University Medical Center as a resident physician. Mr. Marszal also holds an MBA degree in Finance from McGill University and a Bachelor of Arts degree in Molecular Biology from Bard College. He is a CFA charterholder and 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
5.1%(0.6%)(3.0%)(0.5%)10.0%7.3%7.1%5.4%
3 mo
6 mo
YTD
1 yr
3 yrs
5 yrs
10 yrs
Since Inception
5.1%
(0.6%)
(3.0%)
(0.5%)
10.0%
7.3%
7.1%
5.4%

As at: 11/30/2022

Calendar Year Performance
2021202020192018201720162015201420132012
22.0%12.40%20.1%(11.9%)5.6%16.0%(9.8%)5.0%19.1%8.6%
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
22.0%
12.40%
20.1%
(11.9%)
5.6%
16.0%
(9.8%)
5.0%
19.1%
8.6%
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.

**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 funds are not guaranteed. The values of many mutual funds change frequently. Past performance may not be repeated.