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Renaissance Global Infrastructure Fund [Class A]
Investment Objective
Renaissance Global Infrastructure Fund seeks long-term capital growth and income by investing primarily in securities of companies throughout the world that are involved in, or that indirectly benefit from, the development, maintenance, servicing, and management of infrastructure.
Fund Specifications
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
Distribution of Earnings:
Distributions of net income and net realized capital gains occur quarterly.
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 August 31, 2009: 2.50%†
| Front-End Load Option | ATL059 |
| Back-End Load Option | ATL061 |
| Low Load Option | ATL060 |
| Inception Date: | November 13, 2007 |
| Assets Under Management (000’s) As at: |
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Portfolio Sub-Advisors
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RARE Infrastructure Limited |
Based in Sydney, Australia, RARE has one of the world’s most experienced global infrastructure investment management teams with more than 70 years combined global infrastructure expertise. RARE’s objective is to provide investors with regular and predictable income, comprised of dividends and capital growth from a portfolio of global infrastructure securities. RARE’s investment process includes the following quantitative and qualitative assessments to select a final concentrated portfolio of stocks from more than 40,000 global listed securities. RARE’s combined experience in this asset class adds value at every step of the process. |
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Performance and Volatility
| Performance | |||||||
| 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | YTD | Since Inception |
| (7.6%) | (9.6%) | (1.4%) | N/A | N/A | N/A | (9.6%) | (8.0%) |
As at:
| Calendar Year Performance | ||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
| 6.9% | (17.6%) | N/A | N/A | N/A | N/A | N/A |
†The MER quoted above is annualized as at August 31, 2009. The MER would have been 3.20% 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.