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Renaissance Dividend Fund [Class A]
Investment Objective
To achieve a high level of capital preservation consistent with an above-average level of dividend income by investing primarily in a diversified portfolio of common and preferred shares of Canadian-based companies.
Fund Specifications
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
Distribution of Earnings:
Distributed monthly, $0.04 per unit monthly, unless otherwise set by the manager. In the month of December, any surplus of income and capital gain will be 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): 2.00%
Management Expense Ratio (including applicable taxes) as at February 28, 2010: 2.47%†
| Front-End Load Option | ATL1076 |
| Back-End Load Option | ATL1876 |
| Low Load Option | ATL2876 |
| Inception Date: | September 12, 1995 |
| Assets Under Management (000’s) As at: |
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Portfolio Sub-Advisors
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CIBC Global Asset Management Inc. |
CIBC Global Asset Management Inc. 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. |
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Domenic Monteferrante
Domenic Monteferrante joined CIBC Global Asset Management Inc. in February 1998. Mr. Monteferrante is a member of the Global Equity group operating from within the firm's Investment Management Platform, and is responsible for the Canadian equity product. He holds a Masters in Business Administration and Bachelor of Arts from Concordia University (Montreal.) Mr. Monteferrante is a CFA charterholder.
Performance and Volatility
| Performance | |||||||
| 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | YTD | Since Inception |
| 2.3% | 2.3% | 17.7% | (4.7%) | 1.9% | 4.5% | (4.4%) | 5.5% |
As at:
| Calendar Year Performance | ||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
| 20.9% | (27.5%) | 4.4% | 8.0% | 16.2% | 11.5% | 18.2% |
| 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 2.60% had the manager not waived some management fees and/or absorbed some operating expenses. This will be reviewed annually by the Manager.
The Fund aims to distribute a consistent amount every month. If the amount distributed exceeds the Fund's net income and net realized capital gains, such excess will constitute a return of capital. The amount of distribution is not guaranteed and may change from time to time.
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.