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Renaissance Global Bond Fund [Class A]
| Investment Objective | Fund Specifications | Portfolio Sub-Advisors | Portfolio | Performance | Historical Pricing |
Investment Objective
To preserve capital and to provide income and long-term growth primarily through investment in debt securities denominated in foreign currencies issued by Canadian or non-Canadian governments, corporations and financial institutions.
Fund Specifications
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
Distribution of Earnings:
On a quarterly basis, income accumulated to date is distributed. 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. $100 minimum.
Annual Management Fee (excluding applicable taxes): 1.75%
Management Expense Ratio (including applicable taxes) as at February 28, 2010: 1.95%†
| Front-End Load Option | ATL1028 |
| Back-End Load Option | ATL1872 |
| Low Load Option | ATL2872 |
| Inception Date: | October 21, 1992 |
| Assets Under Management (000’s) As at: |
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Portfolio Sub-Advisors
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Brandywine Global Investment Management, LLC |
Established in 1986, Brandywine Global is a mid-sized investment firm based in Philadelphia. They are an independent subsidiary of Legg Mason, Inc., a global asset management holding company founded in 1899. Brandywine Global has more than 140 employees, with offices in Philadelphia, Chicago, San Francisco and Singapore covering more than 300 institutional client relationships. |
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Portfolio
| Fixed Income Strategy | ||
| Term to Maturity (Years) * | Duration (Years) * | Average YTM (%) * |
| 15.05 | 7.47 | 4.90 |
| As of April 30, 2010 | ||
Source: BNY Mellon Analytics
* Net Rates
Term to Maturity (Years)
The time remaining on a bond's life, or the date on which the debt will cease to exist and the borrower will have completely paid off the amount borrowed.
Duration (Years)
Duration is defined as the weighted average time to full recovery of principal and interest.
Yield to Maturity (Average YTM)
The percentage rate of return paid on a bond, note or other fixed income security if the investor buys and holds it to its maturity date. The calculation for YTM is based on the coupon rate, length of time to maturity and market price. It assumes that coupon interest paid over the life of the bond will be reinvested at the same rate.
Performance and Volatility
| Performance | |||||||
| 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | YTD | Since Inception |
| 5.3% | 4.1% | 2.3% | 4.7% | 0.1% | 1.7% | 4.1% | 3.6% |
As at:
| Calendar Year Performance | ||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
| 0.5% | 9.9% | (7.6%) | 3.2% | (10.7%) | (2.1%) | (2.8%) |
| 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 2.83% 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.