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Renaissance Canadian Balanced Value Fund [Class A]
Investment Objective
To achieve long-term investment return through a combination of income and capital growth by investing primarily in a diversified portfolio of Canadian equity securities, investment grade bonds and money market instruments.
Fund Specifications
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
Distribution of Earnings:
The Fund expects to distribute net income quarterly. Distributions of net realized capital gains occur annually in December.
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): 1.75%
Management Expense Ratio (including applicable taxes) as at February 28, 2010: 2.21%†
| Front-End Load Option | ATL508 |
| Back-End Load Option | ATL507 |
| Low Load Option | ATL517 |
| Inception Date: | March 10, 1999 |
| Assets Under Management (000’s) As at: |
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Portfolio Sub-Advisors
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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. |
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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.
Luc de la Durantaye, CIBC Global Asset Management Inc.
Luc de la Durantaye joined CIBC Global Asset Management Inc.in December 2002. Mr. de la Durantaye is leader of the Global Asset Allocation team, operating from within the firm's Investment Management Platform.
John Braive, CIBC Global Asset Management Inc.
John Braive joined CIBC Global Asset Management Inc. in January 1983. Responsible for the management of the firm's fixed income assets for 18 years, John is a member of the Global Fixed Income team, the Investment and Strategy committees, and the Board of Directors.
Performance and Volatility
| Performance | |||||||
| 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | YTD | Since Inception |
| (3.3%) | (1.2%) | 7.1% | (3.0%) | 1.5% | 5.1% | (1.2%) | 5.5% |
As at:
| Calendar Year Performance | ||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
| 14.2% | (15.8%) | (0.7%) | 7.6% | 13.0% | 8.1% | 13.0% |
| On December 15, 2000, the following fund was merged with Merrill Lynch Canadian Balanced Value Fund. Their annual compound rates of return to that time were: |
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| 1 yr.(%) | 3 yr.(%) | 5 yr.(%) | |
| Merrill Lynch Canadian Balanced Value Fund | 15.4 | - | - |
| Atlas Canadian Income and Growth Fund | 14.1 | 3.7 | - |
| On February 2, 2002, the Fund's name changed from Merrill Lynch Canadian Balanced Value Fund to Renaissance Canadian Balanced Value Fund. | |||
| Investment Performance |
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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, 2010. 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.