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Renaissance U.S. Equity Fund [Class A]
Investment Objective
To seek long-term capital growth by investing primarily in equity securities of companies listed on major U.S. exchanges and/or domiciled primarily in the United States.
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. Since the Fund invests in derivative instruments, any distributions to unitholders will generally be in the form of income and not capital gains.
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): 1.50%
Management Expense Ratio (including applicable taxes) as at February 28, 2011: 1.92%†
| Front-End Load Option | ATL911 |
| Back-End Load Option | ATL855 |
| Low Load Option | ATL662 |
| Inception Date: | October 25, 1996 |
| Assets Under Management (000’s) As at: |
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Portfolio Sub-Advisors
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INTECH Investment Management LLC |
INTECH is a Janus Capital Group Company, and has a record of mathematically driven equity investing that spans more than two decades. INTECH is headquartered in West Palm Beach,FL, with research facilities in Princeton, NJ. |
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Performance and Volatility
| Performance | |||||||
| 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | YTD | Since Inception |
| 8.5% | 1.3% | 5.9% | 5.8% | (5.3%) | (3.5%) | 5.9% | 0.6% |
As at:
| Calendar Year Performance | ||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
| 7.4% | 4.3% | (27.4%) | (11.5%) | 11.3% | 1.2% | 2.1% |
| 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 4.03% 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.