The Funds investment objective is to achieve a positive absolute return that exceeds the return of the Government of Canada 91-day treasury bills over rolling three-year periods, regardless of the prevailing economic conditions, by actively managing a diversified portfolio with direct and indirect exposure primarily to equity securities, fixed income securities, commodities, currencies, and derivatives investments.

In pursuing the Funds investment objective, the Portfolio Advisor:

Aims to achieve a positive absolute return by targeting, over rolling three-year periods, an annualized return of 5% in excess of the Government of Canada 91-day treasury bills (gross of fees and expenses)

Aims to achieve an annualized volatility, under normal market conditions, at a level that is generally half the volatility of global equities represented by the MSCI AC World Index (CAD) measured over the same three-year rolling periods

The Fund expects to distribute net income semi-annually. Distributions of net realized capital gains are expected to occur annually in December of each year, though the Fund may also make distributions of income, capital gains and/or capital at any other time the Manager considers appropriate. All the Funds distributions will be automatically reinvested in additional Units of the same series of Units of the Fund, unless your dealer has advised the Manager otherwise.

$50 minimum investment for weekly, bi-weekly, monthly, bi-monthly, quarterly, semi-annually or annually.

With minimum initial account value of $10,000. Withdrawals may be made weekly, bi-weekly, monthly, bi-monthly, quarterly, semi-annually or annually. $50 minimum.

Annual Management Fee (excluding applicable taxes):0.90%

Annual Fixed Administration Fee (excluding applicable taxes):0.20%

CIBC Asset Management (CIBC AM) is one of Canadas largest asset management firms and provides a broad range of high-quality global investment management solutions to retail and institutional clients.

Luc de la Durantaye, CIBC Asset Management Inc.

Luc de la Durantaye is the Chief Investment Strategist for CIBC Asset Management and leads the Multi-Asset and Currency Management team as Chief Investment Officer & Managing Director. In conjunction with CIBC AMs asset class leaders, he is responsible for shaping overall investment strategy by facilitating shared insights across teams. As leader of the Multi-Asset and Currency team, he is directly involved in the management of the currency process and oversees the Multi-Asset process as well as the firms Investment Committee.

Mr. de la Durantaye joined CIBC AM in 2002 and has over three decades of investment experience. In a previous role, he was responsible for tactical asset allocation and currency management at the investment management division of a large Canadian financial institution. He began his career in 1985 as a financial analyst at a sell-side brokerage firm.

Mr. de la Durantaye holds a Bachelor of International Finance from cole des hautes tudes commerciales of Montreal. He is also a CFA charterholder.

Francis Thivierge, CFA, CIBC Asset Management Inc.

Francis Thivierge leads the portfolio management activities for multi-asset strategies. In this role, he determines the strategies across equities, bonds and other asset classes and oversees their implementation in portfolios. Mr. Thivierge is also responsible for the development of investment processes underpinning the asset allocation and multi-asset strategies.

Mr. Thivierge joined CIBC Asset Managements predecessor firm in 1996. Prior to his current role, he held various positions on the Derivatives team, including Vice-President, Assistant Vice-President and Quantitative Analyst.

Mr. Thivierge holds a Master of Finance from Universit de Sherbrooke and a Bachelor of Actuarial Science Degree from Laval University. He is also a CFA charterholder.

Patrick Bernes, CFA, CIBC Asset Management Inc.

Patrick Bernes is responsible for enhancing the development, management and implementation of various investment processes, models and strategies focused on multi-asset allocation. Mr. Bernes is also responsible for structuring strategies with the use of derivatives, such as options and volatility instruments, with the aim of providing optimal portfolio exposure while managing risks.

Prior to joining CIBC Asset Management in 2016, Mr. Bernes was a portfolio manager at PSP Investments, one of Canadas largest pension investment managers, where he developed and implemented various top-down investment processes. In this role, he also managed a portfolio with diverse risk exposures. Previous to this, Mr. Bernes was a member of CIBCs Asset Allocation team, where he contributed to the development of several existing equity and risk allocation models.

Mr. Bernes holds a Bachelors degree in Finance from Concordia University. He is also a CFA charterholder.

Due to security regulation performance is not available until one year post inception.

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There can be no guarantee that the Fund will achieve its return and volatility targets. All investment performance is inherently subject to significant uncertainties and contingencies, many of which are beyond the Managers control. In considering the return and volatility targets, you should bear in mind that such targeted performance and volatility is not a guarantee, projection or prediction and is not indicative of future results of the Fund.

The fund will make significant use of derivatives. The fund may use derivatives such as futures, forwards, swaps, options, covered warrants, debt like securities which have an option component or any combination of these instruments, the value of which is based upon the market price value or level of an index, or the market price or value of a security, currency, commodity or financial instrument. Derivative instruments may be used for the following purposes: to hedge, gain or reduce portfolio exposures. The fund may also use derivatives for currency management purposes. The funds use of derivatives may introduce leverage into the fund. Leverage occurs when the funds notional exposure to underlying assets is greater than the amount invested and is an investment technique that can magnify gains and losses. The information does not constitute legal or tax advice.

The Fund pays a management fee and fixed administration fee to the Manager in respect of Series A, Series F and Series O units. The Fund also pays fund costs and transaction costs. For more information about the fees and costs of the Fund, please read the prospectus.

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.

DoubleLine® is a registered trademark of DoubleLine Capital LP.

Copyright 2019 CIBC Asset Management Inc. Renaissance Investments and Axiom Portfolios are offered by CIBC Asset Management Inc.

Renaissance Private Investment Program and Renaissance Private Pools are trademarks of CIBC Asset Management Inc.

®Renaissance Investments, Axiom and Axiom Portfolios are registered trademarks of CIBC Asset Management Inc.

The Renaissance Investments family of funds and the Axiom Portfolios are offered by CIBC Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Renaissance Investment family of funds and Axiom Portfolios 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. ®Axiom, Axiom Portfolios and Renaissance Investments are registered trademarks of CIBC Asset Management Inc.