Investor Site

 

Renaissance Investments™

Renaissance Canadian Balanced Fund [Class F]



Investment Objective

To achieve long-term investment return through a combination of income and capital growth by investing primarily in a diversified portfolio of Canadian equity securities, investment grade bonds and money market instruments.

Fund Specifications

Also available in Class A

Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100

Distribution of Earnings:
The Fund expects to distribute net income quarterly. Distributions of net realized capital gains occur annually in December.

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) as at September 1, 2017: 0.65%

Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2017: 0.92%

Class F ATL019
   
Inception Date: October 7, 2005
   
Assets Under Management (000’s)
As at:

Portfolio Sub-Advisors

CIBC Asset Management

CIBC Asset Management (CIBC AM) is one of Canada's 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 AM's 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 firm's 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 école des hautes études commerciales of Montreal. He is also a CFA charterholder.

Stephen Carlin, CIBC Asset Management Inc.
Stephen Carlin is CIO of Equities at CIBC Asset Management Inc. (CAM). Mr Carlin oversees CAM's Canadian and Global equities Portfolio Management and Research efforts. He holds primary portfolio responsibility for Canadian equity core and equity income mandates.
Prior to joining CIBC, Mr. Carlin was Senior Vice-President and Head of Equities at Aegon Capital Management. At Aegon, he managed Canadian balanced, income and dividend strategies and led a team of portfolio managers, analysts and traders. Previous to his role at Aegon, he held the position of Vice-President, Canadian Equities at KBSH Capital Management and Director, Canadian Equities at CT Investment Management Group.
Mr. Carlin holds a Bachelor of Arts from the University of Western Ontario. He is also a CFA charterholder.


Dominique Barker, CIBC Asset Management Inc.
Dominique Barker is a member of the Equities Research team. She is responsible for research coverage of the utilities, pipelines and real estate sectors.

Prior to joining CIBC Asset Management in 2010, Ms. Barker's past positions include Research Analyst at Credit Suisse where she covered global alternative energy, and Canadian pipelines and utilities, Institutional Equity Salesperson at UBS Securities, Associate, Investment Banking at Newcrest Capital/TD Securities and Associate, Audit and Corporate Advisory Groups, at Ernst & Young.

Ms. Barker holds an MBA degree in Accounting from the University of Toronto and Bachelor of Science degree in Engineering from Queen's University. She is also a CFA charterholder.


Patrick O'Toole, CIBC Asset Management Inc.
Patrick O'Toole joined CIBC Asset Management in May 2004. He is a member of the Global Fixed Income team, operating from within the firm's Investment Management Platform. He holds a Diploma in Business Administration from Algonquin College (Ontario) and is also a CFA charterholder and a Certified General Accountant.

Jean Gauthier, CIBC Asset Management Inc.
Jean Gauthier is CIO of Global Fixed Income at CIBC Asset Management. Mr. Gauthier oversees CIBC Asset Management's fixed income portfolio management and research efforts. Mr. Gauthier is also an active member of CIBC Asset Management's Investment Committee.
Mr. Gauthier joined CIBC Asset Management in 2017 and holds a Bachelor of Business Administration degree in Finance from the Université du Québec à Montréal (UQAM). He is also a CFA charterholder.

Adam Ditkofsky, CIBC Asset Management Inc.
Adam Ditkofsky is an associate portfolio manager focused on the firm's Core and Core Plus fixed income mandates. He contributes to the management of the portfolios, trading and idea generation.
Mr. Ditkofsky joined CIBC Asset Management in 2008 and holds an MBA from the University of Western Ontario, and a Bachelor of Commerce degree from Concordia University. He is also a Chartered Investment Manager (CIM) and CFA charterholder.

American Century Investment Management, Inc.
Headquartered in Kansas City, Missouri, American Century Investments® is a leading privately-held investment management firm, committed to delivering superior investment performance and building long-term client relationships since 1958.


Style
Performance and Volatility

Performance
3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs YTD Since
Inception

As at:


Calendar Year Performance
2016 2015 2014 2013 2012 2011 2010 2009 2008
6.8% (2.2%) 6.6% 13.7% 6.1% (4.8%) 10.4% 14.2% (15.8%)

Investment Performance

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.

Historical Pricing and Distributions

Please refer to the Annual/Interim Management Reports of Fund Performance for further details.

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.