Prospectus

Renaissance Investments family of funds (including the CIBC Investment Grade Bond Funds), Axiom Portfolios, CIBC Private Pools, CIBC Fixed Income Pools, CIBC Fixed Income Funds and CIBC Alternative Mutual Funds

Simplified Prospectus - August 13, 2025

Amendment No. 1 – Nov 14, 2025

Amendment No. 2 – April 15, 2026

Amendment No. 3 – April 17, 2026

Simplified Prospectus - April 22, 2026

CIBC Income Advantage Funds

Simplified Prospectus - May 9, 2025

This material is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to.

The material and/or its contents may not be reproduced without the express written consent of CIBC Global Asset Management.

Past performance may not be repeated and is not indicative of future results.

®Renaissance Investments is a registered trademark of CIBC Asset Management Inc.

CIBC Global Asset Management is a brand name under which CIBC Asset Management Inc. operates.