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Renaissance Canadian Balanced 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, 2011: 2.30%†
| 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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| Distribution Chart | |
| Date | Amount per Unit |
| 06/30/2011 | $0.023 |
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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Suzann Pennington, CIBC Global Asset Management Inc.
Suzann Pennington is Head of Canadian Equities at CIBC Global Asset Management Inc. She is a highly respected investment manager with 24 years of industry experience. Prior to joining CGAM, she was Senior Vice-President, Investments and Team Lead of the Saxon Funds at Mackenzie Financial Corp. Suzann began her career at OMERS, then managed portfolios at Prudential Assurance, and was Director of Canadian Equities at Mutual Group Insurance Co. before helping to build Synergy Mutual Funds. At Sceptre Investment Counsel, Suzann was Vice-President, Equities and head of international research. Suzann is 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.
Colum McKinley, CIBC Global Asset Management Inc.
Colum McKinley joined CIBC Global Asset Management in May 2010, assuming a lead role as Portfolio Manager on the Investment Management Team managing key value mandates. He holds a Bachelor of Arts in Economics from the University of Western Ontario (London); and is a CFA charterholder. Prior to joining CIBC Global Asset Management, he was a Portfolio Manager at Sionna Investment Managers, 2005 to 2010, and Vice President and Director, Portfolio Manager at TD Asset Management (Toronto), 1999 to 2005.
Performance and Volatility
| Performance | |||||||
| 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | YTD | Since Inception |
| 3.7% | (6.2%) | (4.8%) | 6.3% | 0.1% | 4.2% | (4.8%) | 5.3% |
As at:
| Calendar Year Performance | ||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
| 10.4% | 12.0% | (15.7%) | (1.9%) | 9.9% | 9.6% | 7.4% |
| 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, 2011. The MER would have been 2.31% had the manager not waived some management fees and/or absorbed some operating expenses. 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.