Renaissance International Equity Currency Neutral Fund seeks long-term capital growth primarily through exposure to an international equity fund that invests primarily in equity securities of foreign companies located in Europe, the Far East, and the Pacific Rim (the Underlying Fund). The Fund will attempt to reduce its currency exposure to non-Canadian dollar currencies by implementing a currency hedging strategy that is aimed at protecting the Fund from non-Canadian dollar currency fluctuations in respect of units it owns in the Underlying Fund.
Also available in Class F
Minimum Initial Investment:
Distribution of Earnings:
Distributions of net income and net realized capital gains occur annually.
Pre-Authorized Chequing Investment (PAC) or Group RRSP:
$50 minimum investment for semi-monthly, monthly, quarterly, semi-annual or annual deposit.
Systematic Withdrawal Plan:
With minimum initial account value of $10,000. Withdrawals may be made semi-monthly, monthly, quarterly, semi-annually or annually. $50 minimum.
Annual Management Fee (excluding applicable taxes) as at September 1, 2017: 1.95%
Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2018: 2.50%†
|Front-End Load Option||ATL1240|
|Back-End Load Option||ATL1242|
|Low Load Option||ATL1241|
|Inception Date:||October 20, 2010|
|Assets Under Management (000’s)
|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.
|Walter Scott & Partners Limited|
Walter Scott & Partners Limited is an Edinburgh, Scotland-based global investment manager and has been managing global investment portfolios on behalf of private investors and institutions since 1983.
Roy is a director of Walter Scott and along with Charlie Macquaker leads the investment management group. He began his career at Walter Scott joining the firm in 1995 and holds a BSc (hons) in Statistics from the University of Glasgow.
Charlie is a director of Walter Scott and co-heads the investment management group. Charlie began his investment career at Walter Scott joining the firm in 1991. He holds a BSc (hons) in European Studies from Buckingham University.
|3 mo||6 mo||1 yr||3 yrs||5 yrs||10 yrs||YTD||Since
|Calendar Year 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.
†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.