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Manager Spotlight Suzann Pennington, CFA

Managing Director & Head of Canadian Equities CIBC Global Asset Management

Canadian All-Cap Equity Expertise Suzann Pennington joined CIBC Global Asset Management (CGAM) in May 2011, bringing over 24 years of investment management experience and an outstanding track record of analyzing and managing multi-cap equity and balanced portfolios. As Head of Canadian Equities, she leads a team of 17 professionals, backed by an extensive research platform.

KEY FACTS • Disciplined bottom-up, value approach • Strong focus on portfolio construction • Focus on absolute return and downside protection

I NVESTMENT PR OC ES S As a disciplined bottom-up investor, Suzann employs a fundamental approach to stock selection that results in an equity portfolio that is more unique with broader sector diversification. The following are key elements of her investment process: • Buy and hold of high-quality securities • Avoids over concentration and single company risk • Supported by a robust Canadian equity research team platform, using a variety of analytical tools.

Fund details: NEW! Renaissance Canadian All-Cap Equity Fund Class A Front-End Load: Back-End Load: Low Load: Class F:

ATL1023 ATL1123 ATL2123 ATL068

Trailer Front-End Load: 1.25% MER (Class A):


Renaissance Canadian Balanced Fund Class A Front-End Load: Back-End Load: Low Load: Class F:

ATL508 ATL507 ATL517 ATL019

Trailer Front-End Load: 1.10% MER (Class A):


EXPERIEN CE Prior to joining CGAM, Suzann was Senior Vice-President, Investments and Team Lead of the Saxon Funds at Mackenzie Financial Corp., where she led the all-cap Canadian equity and balanced portfolios for institutional clients and mutual funds. Suzann began her career at OMERS, then managed portfolios at Prudential Assurance and Mutual Group Insurance Co. before helping to build Synergy Mutual Funds. At Sceptre Investment Counsel, Suzann was Vice-President, Equities and head of international research. Suzann has an impressive track record in managing Canadian equity value, equity income and balanced mandates.

Contact your Renaissance sales representative to discuss how Suzann Pennington’s investment expertise can enhance your clients’ Canadian equity portfolios.

MER annualized as at February 29, 2012. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. This material was prepared for investment professionals only and is not for public distribution. It is for informational purposes only and is not intended to convey investment, legal or tax advice. ™Renaissance Investments is offered by and is a registered trademark of CIBC Asset Management Inc. The material and/or its contents may not be reproduced or distributed without the express written consent of CIBC Asset Management Inc. 1

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