Canada is home to a number of companies that supply products andservices to countries around the globe. These larger companies are oftenrecognized as leaders in their field. Canada is also home to a number ofdynamic mid-sized companies with excellent growth potential. TheRenaissance Canadian Core Value Fund offers investors exposure to a range of these companies combined with exposure to globalopportunities.

The result is a flexible Canadian equity fund, focusing on undervaluedcompanies generating solid earnings through all economic climates; andcombines this with the ability to access global deep-value opportunitiesvia the management expertise of Wintergreen Advisers. Wintergreen’shigh conviction, ‘go-anywhere’ deep value approach will providediversification through the inclusion of global companies which generatecash, have excellent management and are available at a compelling price.

The following diagram outlines the managers’ process.

Renaissance Canadian Core Value Fund

Investor Essentials

Value holdings… with solidupside potential

Capitalize on Undervalued Stocks CIBC Global Asset ManagementInc.’s (CGAM) Equity Value Teamand Wintergreen seek to identifystocks trading at a discount totheir intrinsic value.

Consistent PerformancePlus Significant UpsidePotential The fund focuses on undervaluedcompanies with proven earningspower prospering regardless ofeconomic climate, and combinesthis with exposure to deeply-discounted global companiesowning significant future potential.

Exposure to both Canadianand Global Markets CGAM focuses on the domesticmarket, and Wintergreendiversifies the portfolio byconcentrating on global markets.

Keybenefits

Meeting your need for long-term growth from both Canadian and global companies.

Renaissance Canadian Core Value Fund

CIBC Equity Value Team

Assess Intrinsic Value

Determine buy/sell/holdrecommendations

of portfolio candidates

Wintergreen Team

Assess Intrinsic Value

Select those available at a discount to intrinsic value

Identify Catalysts forchange and understand

business models

Identify global companies generating reliable cash flow

Determine allocation offoreign content

Undertake portfolio construction

Renaissance Canadian Core Value Fund

Investor Essentials

Diversification acrossIndustry SectorsThe fund holds a portfolio ofstocks that is well-diversifiedamong the many different global industry sectors. In additionthe fund combines core Canadianvalue holdings with a deep-valueapproach to identify globalholdings that have significantreturn potential.

Features

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read theRenaissance Investments simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and pastperformance may not be repeated. This material is for informational purposes only and is not intended to convey investment, legal or tax advice.The material and/or its contents may not be reproduced or distributed without the express written consent of Renaissance Investments.Renaissance Investments is offered by CIBC Asset Management Inc. ™Renaissance Investments and “invest well. live better.” are registeredtrademarks of CIBC Asset Management Inc.

02129E(201207)

Protection during down markets The chart below shows the return of the Renaissance Canadian CoreValue Fund and the S&P/TSX Composite Index during the worst fivemonths since November 2007.*

-20

-15

-10

-5

0

5

10

2008

/10

2008

/09

2011

/09

2012

/05

2009

/02

Ret

urn

(%

)

■ RenaissanceCanadian CoreValue Fund

■ S&P/TSXComposite Index

www.renaissanceinvestments.ca

Advisor Contact Details

Source: TSX ©Copyright 2012 TSX Inc. All Rights Reserved.*Wintergreen added as a manager to the fund September 1, 2011.

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