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Renaissance Investments™

Renaissance Global Science & Technology Fund (US$) [Class A]

Investment Objective

To obtain long-term capital appreciation by investing in a diversified portfolio of global companies involved mainly in telecommunications, biotechnology, computer hardware and software, and medical services and other scientific and technology based companies.

Fund Specifications

Also available in Class F

Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100

Distribution of Earnings:
In the month of December, income and capital gains accumulated to date are distributed.

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: 2.00%

Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2018: 2.71%

Front-End Load Option ATL1227
Back-End Load Option ATL1371
Low Load Option ATL2371
Inception Date: October 28, 1996
Assets Under Management (000’s)
As at:

Portfolio Sub-Advisors

CIBC Asset Management

CIBC Asset Management (CIBC AM) 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.

Craig Jerusalim, CIBC Asset Management Inc.
Craig Jerusalim is responsible for the growth and dividend growth portfolios. Mr. Jerusalim also oversees the small-cap mandates.
Prior to joining CIBC Asset Management in 2006, Mr. Jerusalim worked as an Analyst at Dynamic Mutual Funds and a Software Developer at Amdocs Ltd.
Mr. Jerusalim holds a Bachelor of Science degree from McGill University and an MBA degree from the University of Toronto. He is also a CFA charterholder and a member of the CFA Society of Toronto.

Michal Marszal, CIBC Asset Management Inc.
Michal Marszal is responsible for research coverage and stock selection within the global healthcare sector.
Prior to joining CIBC AM in 2017, Mr. Marszal was a senior healthcare analyst for the Global Quality Equity Portfolio at Caisse de dépôt et placement du Québec. Previously, he was a senior healthcare analyst, principally focusing on global therapeutics, for the 1798 Fundamental Strategies Fund at Lombard Odier Investment Managers. Mr. Marszal began his investment career as an analyst covering global medical technology, and subsequently global biotechnology companies at Sectoral Asset Management.
Mr. Marszal holds a Doctor of Medicine and Master of Surgery degree from McGill University. Upon graduating from medical school, he joined the Neurological Surgery Residency training program at Stanford University Medical Center as a resident physician. Mr. Marszal also holds an MBA degree in Finance from McGill University and a Bachelor of Arts degree in Molecular Biology from Bard College. He is also a CFA charterholder and a member of the CFA Society of Toronto.

Jonathan Mzengeza, CIBC Asset Management Inc.
Jonathan Mzengeza is responsible for research coverage and stock selection within the global information technology sector. Prior to joining CIBC AM, he worked as a technical analyst at Chubb Insurance Company of Canada, researching and analyzing business and system technology needs.
Mr. Mzengeza holds a Bachelor of Science degree in Electrical and Computer Engineering from the University of Cape Town, and an MBA degree from Concordia University. He is also a CFA charterholder and a member of the CFA Society of Toronto.

Performance and Volatility

3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs YTD Since

As at:

Calendar Year Performance
2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
(1.2%) 40.0% (0.4%) 9.6% 6.8% 25.9% 19.9% (6.7%) 13.5% 60.6% (42.5%)

Investment Performance

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.

Historical Pricing

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.