Renaissance Money Market Fund [Premium Class] - CLOSED TO ALL PURCHASES*
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||ATL201 |
Closed to all purchases*
|Inception Date||Aug 21, 2006|
|Assets Under Management ($000) |
As at: 10/30/2020
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 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 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: 10/30/2020
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.
*On July 21, 2017 CIBC Asset Management Inc. (CAM) announced changes to its product lineup. Certain classes were closed to all investors at end of business day July 21, 2017 and are subsequently being terminated on or about October 13, 2017. Additional classes were also closed to all investors effective end of business day September 1, 2017. For more information click here
† 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 Premium Class 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. Minimum investment amount of $100,000 is required for Premium Class units; some exceptions may apply.