Renaissance High Income Fund [Class A]

To achieve the highest possible return that is consistent with a conservative fundamental investment philosophy through investment primarily in a balanced and diversified portfolio of Canadian 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 ($0.060 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) : 2.34%
Front-End Load OptionATL1879
Back-End Load Option-
Low Load Option-
Closed to all purchases
Front-End Load Option-
Back-End Load Option**ATL1880
Low Load Option**ATL2880
Inception DateFeb 13, 1997
Assets Under Management ($000)
As at : 11/30/2022
$327,826
Connor, Clark & Lunn Investment Management Ltd.

Established in 1982, Connor, Clark & Lunn Investment Management Ltd. (CC&L), is one of Canada's leading money management firms dedicated to managing assets for pension fund sponsors, capital accumulation plans, corporations, not-for-profit organizations, mutual funds and individual investors. CC&L is wholly owned by its partners and the CC&L Financial Group.


Vice President and Portfolio Manager,
Fundamental Equities

Steve Vertes, CFA

Steven Vertes is Vice President and Portfolio Manager, Fundamental Equity Team at Connor, Clark and Lunn Investment Management Ltd. (CC&L). Mr. Vertes manages CC&L's income-oriented funds, and is responsible for fundamental research analysis covering the real estate, consumer and telecommunications sector. Prior to joining CC&L more than 10 years ago, Mr. Vertes worked at UBS Warburg as an Investment Banking Analyst, as well as an Associate, Equity Capital Markets.

Mr. Vertes holds an HBA from the Richard Ivey School of Business at the University of Western Ontario. He is also a CFA charterholder.


Vice President and Portfolio Manager,
Fixed Income

David George, CFA

David George is Vice President and Portfolio Manager, Fixed Income at Connor, Clark and Lunn Investment Management Ltd. (CC&L). Mr. George manages high-yield bond strategies, and leads the credit team. Prior to joining CC&L in 2006, Mr. George held positions in the areas of high-yield and corporate bond research with several firms including Goldman Sachs, Merrill Lynch and Deutsche Bank.

Mr. George holds a Bachelor of Commerce from the University of British Columbia. He is also a CFA charterholder.

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
5.0%3.1%0.0%4.3%7.1%6.7%6.0%7.4%
3 mo
6 mo
YTD
1 yr
3 yrs
5 yrs
10 yrs
Since Inception
5.0%
3.1%
0.0%
4.3%
7.1%
6.7%
6.0%
7.4%

As at: 11/30/2022

Calendar Year Performance
2021202020192018201720162015201420132012
19.8%3.60%17.9%(5.4%)5.7%15.4%(4.4%)(1.7%)11.1%9.3%
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
19.8%
3.60%
17.9%
(5.4%)
5.7%
15.4%
(4.4%)
(1.7%)
11.1%
9.3%
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.

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.