To seek long-term capital appreciation by investing in securities, principally equities, of issuers in countries having smaller capital markets.
Also available in Class F
Minimum Initial Investment:
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) as at September 1, 2016: 1.75%†
Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2018: 2.79%†
|Front-End Load Option||ATL920|
|Back-End Load Option||ATL858|
|Low Load Option||ATL675|
|Inception Date:||October 25, 1996|
|Assets Under Management (000’s)
Sophus Capital, a Victory Capital investment franchise, believes that emerging market equities reward growth and that an integrated, risk-managed approach can provide clients with a consistent return experience. The team is a diverse group of seasoned professionals, with a proven process that combines the best of analytical tools with fundamental research. Sophus Capital is located in Des Moines, Iowa, with research offices in London, Hong Kong and Singapore.
|3 mo||6 mo||1 yr||3 yrs||5 yrs||10 yrs||YTD||Since
|Calendar Year Performance|
|On February 28, 2002, the Fund’s name changed from Merrill Lynch Developing Capital Markets Fund to Renaissance Developing Capital Markets Fund.
On August 17, 2007, the Fund’s name changed from Renaissance Developing Capital Markets Fund to Renaissance Emerging Markets Fund.
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 management fee has changed effective September 1, 2016. The management expense ratio (MER) for the financial year ending August 31, 2017 will be based on the total expenses of the Fund for that financial year (excluding commissions and other portfolio transaction costs). The Manager may waive and/or absorb management fees and operating expenses at its discretion. The practice of waiving and/or absorbing management fees and operating expenses may continue indefinitely or may be terminated at any time without notice to unitholders.
†Please refer to the Annual/Interim Management Reports of Fund Performance for further details.
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 class A 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 funds are not guaranteed. The values of many mutual funds change frequently. Past performance may not be repeated.