 |
Home | Contact Us | Français |
|
|
||
Renaissance Diversified Income Fund [Class A]
Investment Objective
To generate a high level of current cash flow by investing primarily in income producing securities, including income trusts, preferred shares, common shares and fixed income securities.
Fund Specifications
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
Distribution of Earnings:
The Fund aims to distribute a consistent amount every month ($0.060 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): 2.00%
Management Expense Ratio (including applicable taxes) as at February 28, 2011: 2.50%†
| Front-End Load Option | ATL247 |
| Back-End Load Option | ATL271 |
| Low Load Option | ATL204 |
| Inception Date: | February 4, 2003 |
| Assets Under Management (000’s) As at: |
|
| Distribution Chart | |
| Date | Amount per Unit |
| 01/31/2011 | $0.060 |
Portfolio Sub-Advisors
 |
CIBC Global Asset Management Inc. |
CIBC Global Asset Management Inc. 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. |
|
David Graham
David Graham joined CIBC Global Asset Management in July 2002 and has over 35 years of financial industry and investment management experience. David is a member of the Global Equity group, operating from within the CIBC’s Investment Management Platform. David holds a Masters in Business Administration from York University (Toronto); Bachelor of Arts from the University of Western Ontario (London) and is also a CFA charterholder.
Performance and Volatility
| Performance | |||||||
| 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | YTD | Since Inception |
| 5.6% | (4.4%) | (3.7%) | 9.2% | 0.8% | N/A | (3.7%) | 7.0% |
As at:
| Calendar Year Performance | ||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
| 11.8% | 21.0% | (28.2%) | 11.4% | (0.1%) | 20.9% | 20.8% |
| 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. |
†The MER quoted above is annualized as at February 28, 2011. The MER would have been 2.63% had the manager not waived some management fees and/or absorbed some operating expenses. This will be reviewed annually by the Manager.
The Fund aims to distribute a consistent amount every month. 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.
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.