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Renaissance Global Small-Cap Fund [Class A]
Investment Objective
To seek long-term growth through capital appreciation consistent with preservation of capital though investment primarily in the common shares of smaller, less established companies in developed markets around the world. The Fund may also invest in smaller, less established companies in less developed markets around the world, and may invest in companies that are suppliers or clients of smaller companies.
Fund Specifications
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
Distribution of Earnings:
In the month of December, income and capital gains accumulated to date are distributed.
Pre-Authorized Chequing Investment (PAC) or Group RRSP:
$50 minimum investment for monthly, quarterly, semi-annual or annual deposit.
Systematic Withdrawal Plan:
With minimum initial account value of $10,000. Withdrawals may be made monthly, quarterly, semi-annually or annually. $50 minimum.
Annual Management Fee (excluding applicable taxes): 2.50%
Management Expense Ratio (including applicable taxes) as at February 28, 2010: 2.52%†
| Front-End Load Option | ATL1040 |
| Back-End Load Option | ATL1041 |
| Low Load Option | ATL2041 |
| Inception Date: | February 2, 1998 |
| Assets Under Management (000’s) As at: |
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Portfolio Sub-Advisors
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Wellington Management Company LLP |
Wellington Management is an employee-owned private company. The firm is based in Boston and has nine affiliate offices in the United States and around the world. |
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Simon H. Thomas, Wellington Management Company, LLP
Simon H. Thomas (Director, International Equity Portfolio Manager) is team leader of Wellington Management's
International Small Cap Portfolio team. Simon began his career at Wellington Management as an intern in the
firm's Global Industry Research Group (2001) and accepted his current position upon graduation from business
school. Before attending graduate school, Simon spent eight years as a Manager with Arthur Andersen (1992 -
2000). Simon received his MBA from the University of Chicago Graduate School of Business (2002), graduating
first in his class. He also holds a MA and BA in Philosophy, Politics and Economics from the University of
Oxford (1992).
Jamie A. Rome
Jamie A. Rome is a portfolio manager on Wellington's Emerging Companies team. He co-manages a number of
Global Small Company portfolios for institutional and mutual fund clients. Jamie is also the Associate
Portfolio Manager of Wellington Management's Emerging Companies product, the firm's longstanding microcap
series of portfolios for domestic and international clients.
Performance and Volatility
| Performance | |||||||
| 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | YTD | Since Inception |
| (5.9%) | (7.5%) | 2.1% | (14.2%) | (4.8%) | (7.1%) | (7.5%) | 4.4% |
As at:
| Calendar Year Performance | ||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
| 19.8% | (33.4%) | (12.7%) | 15.5% | 7.2% | 12.9% | 20.5% |
| Investment Performance |
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Value of $10,000 invested since inception The rate of return or mathematical table shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the fund or returns on investment in the fund. |
†The MER quoted above is annualized as at February 28, 2010. The MER would have been 2.58% had the manager not waived some management fees and/or absorbed some operating expenses. This will be reviewed annually by the Manager.
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 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 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. The values of many mutual funds change frequently. Past performance may not be repeated.