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Renaissance Emerging Markets Fund [Class A]
Investment Objective
To seek long-term capital appreciation by investing in securities, principally equities, of issuers in countries having smaller capital markets.
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, 2011: 3.05%†
| Front-End Load Option | ATL920 |
| Back-End Load Option | ATL858 |
| Low Load Option | ATL675 |
| Inception Date: | October 25, 1996 |
| Assets Under Management (000’s) As at: |
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Portfolio Sub-Advisors
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Pictet Asset Management Limited (PAM) |
Founded in 1805 in Geneva, Pictet & Cie, the parent of PAM, is the largest private bank and one of the premier asset managers in Europe. Since its inception, PAM has focused on international equity management. Both directly in Geneva and through its worldwide network of offices and subsidiaries in London, Luxembourg, Tokyo, Singapore, Zurich, Montreal, and Nassau, PAM manages for a wide variety of institutional and private clients. |
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Please note that as of November 1, 2008, Pictet Asset Management replaced BlackRock Investment Management International Limited 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 |
| 1.0% | (19.6%) | (22.9%) | 7.3% | (4.6%) | 4.9% | (22.9%) | 5.4% |
As at:
| Calendar Year Performance | ||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
| 9.6% | 46.2% | (44.7%) | 15.9% | 24.5% | 29.7% | 14.3% |
| 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. |
| 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 4.25% 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.