Load Funds - Renaissance Investments | Renaissance Investments

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Load funds have a sales charge, commonly referred to as a commission.

This commission is either a front-end sales charge (a fee charged when mutual fund units are bought) or a deferred sales charge (a fee charged when mutual fund units are sold).

If an investor chooses the front-end sales charge, they negotiate a commission with their dealer that ranges from 0% to 5%. This charge is deducted as a percentage of an investor’s total purchase.

If an investor chooses a deferred sales charge option, the mutual fund company that manages and administers the funds deducts what is called a deferred sales charge from the value of units sold if they are sold within a certain number of years (which varies according to the fund type and company). As a result, investors do not pay any commission under this option when they buy the fund. The deferred sales charge is based on the market value of the units and decreases with each year.

Renaissance Investments offers a complete family of load funds to meet the ever-evolving needs of today's investors.

DoubleLine^® is a registered trademark of DoubleLine Capital LP.

Renaissance Investments family of funds the Axiom Portfolios, the CIBC Private Pools, the CIBC Fixed Income Pools, the CIBC Fixed Income Funds, the CIBC Alternative Funds and the CIBC ETFs are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.

Please read the simplified prospectus before investing. 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. Their values change frequently and past performance may not be repeated. ^®Renaissance Investments, ^®Axiom and ^®Axiom Portfolios are registered trademarks of CIBC Asset Management Inc. Renaissance Investments is offered by CIBC Asset Management Inc.