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Renaissance U.S. Equity Value Fund (US$) [Class A]
Investment Objective
To seek long-term capital growth and to provide income by investing in a diversified portfolio consisting primarily of equity securities of issuers located in the United States and worldwide.
Management Report of Fund Performance
Fund Profile (CAN$ Fund)
Fund Specifications
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
Distribution of Earnings:
Distributions of net income and 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): 2.00%
Management Expense Ratio (including applicable taxes) as at February 28, 2010: 2.62%†
| Front-End Load Option | ATL743 |
| Back-End Load Option | ATL742 |
| Low Load Option | ATL744 |
| Inception Date: | December 17, 1998 |
| Assets Under Management (000’s) As at: |
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Portfolio Sub-Advisors
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Metropolitan West Capital Management, LLC |
MWCM is a boutique investment firm that is majority owned by Wells Fargo & Company (NYSE: WFC). Founded in 1997, MWCM is based in Newport Beach, California, and provides investment services to retail and institutional clients. MWCM's large-cap intrinsic value investment approach focusing on high-quality companies seeks to minimize risk and optimize long-term returns. Their investment process has consistently demonstrated their ability to add value above their benchmark and deliver strong long-term returns with lower-than-market risk. |
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Please note that as of July 1, 2009, Metropolitan West Capital Management, LLC replaces UBS Global Asset Management Co. as sub-advisor of this fund.
Performance and Volatility
| Performance | |||||||
| 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | YTD | Since Inception |
| (9.3%) | (3.8%) | 15.3% | (16.3%) | (5.3%) | N/A | (3.8%) | (1.5%) |
As at:
| Calendar Year Performance | ||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
| 18.4% | (44.4%) | (2.2%) | 16.6% | (2.5%) | 1.0% | 7.7% |
| 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. The MER would have been 3.54% 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.