To generate a high level of income and long-term capital growth by investing primarily in income producing securities including common shares, preferred shares, income trusts and fixed income securities.
Minimum Initial Investment:
Distribution of Earnings:
The Fund aims to distribute a consistent amount every month ($0.033 per unit). If the amount distributed exceeds the Fund’s net income and net realized capital gains, such excess will constitute a return of capital. The amount of distribution is not guaranteed and may change from time to time.
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, 2016: 1.75%†
Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2015: 2.24%†
|Front-End Load Option||ATL294|
|Back-End Load Option||ATL211|
|Low Load Option||ATL266|
|Inception Date:||November 8, 2002|
|Assets Under Management (000’s)
|CIBC Asset Management|
CIBC Asset Management 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.
Stephen Carlin, CIBC Asset Management Inc.
Stephen Carlin is Managing Director and Head 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.
Domenic Monteferrante, CIBC Asset Management Inc.
Domenic Monteferrante joined CIBC Asset Management Inc. in February 1998. Mr. Monteferrante is a member of the Global Equity group operating from within the firm's Investment Management Platform, and is responsible for the Canadian equity product. He holds a Masters in Business Administration and Bachelor of Arts from Concordia University (Montreal.) Mr. Monteferrante is a CFA charterholder.
|3 mo||6 mo||1 yr||3 yrs||5 yrs||10 yrs||YTD||Since
|Calendar Year Performance|
*2002 return is for the period from November 8, 2002 to December 31, 2002.
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 management fee has changed effective September 1, 2016. The management expense ratio (MER) for the financial year ending August 31, 2017 will be based on the total expenses of the Fund for that financial year (excluding commissions and other portfolio transaction costs). The Manager may waive and/or absorb management fees and operating expenses at its discretion. The practice of waiving and/or absorbing management fees and operating expenses may continue indefinitely or may be terminated at any time without notice to unitholders.
†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.