Investor Site

 

Renaissance Investments™

RENAISSANCE GLOBAL REAL ESTATE FUND [CLASS A]



Investment Objective

Renaissance Global Real Estate Fund seeks long-term capital growth by investing primarily in equity securities of companies throughout the world that are involved in, or that indirectly benefit from, management companies, commercial, industrial, and residential properties, or other investment in the real estate sector.

Additional Fund Information

Fund Profile

Fund Facts

Currency Neutral Version

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 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, 2016: 2.25%

Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2015: 2.63%

Front-End Load Option ATL1255
Back-End Load Option ATL1257
Low Load Option ATL1256
   
Inception Date: October 14, 2010
   
Assets Under Management (000’s)
As at: 08/31/2016
$293,958
Portfolio Sub-Advisors

Cohen & Steers Capital Management, Inc.

Cohen & Steers Capital Management, Inc. has been an innovator in real estate investment management since its founding in 1986. As a pioneer in the U.S. REIT industry, Cohen & Steers was also among the first firms to manage global real estate securities portfolios. The firm manages income-oriented equity portfolios with expertise in global real estate securities. It also manages alternative investment strategies, such as hedged real estate securities portfolios and private real estate multi-manager strategies. The firm is headquartered in New York City, with offices in London, Brussels, Hong Kong and Seattle.

Style
Performance and Volatility

Performance
3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs YTD Since
Inception
6.2% 11.8% 15.0% 16.9% 14.1% N/A 3.1% 10.2%

As at: 08/31/2016


Calendar Year Performance
2015 2014 2013 2012 2011 2010 2009 2008 2007
19.8% 21.8% 9.9% 19.6% (8.3%)        

Historical Pricing

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.


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.