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Renaissance Millennium Next Generation Fund [Class A]
Investment Objective
To maximize investment return through investment in a diversified portfolio of primarily Canadian and non-Canadian equity securities seeking long-term growth of capital.
Fund Specifications
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. $100 minimum.
Annual Management Fee (excluding applicable taxes): 2.00%
Management Expense Ratio (including applicable taxes) as at February 28, 2010: 2.57%†
| Front-End Load Option | ATL1877 |
| Back-End Load Option | ATL1878 |
| Low Load Option | ATL2878 |
| Inception Date: | January 19, 1999 |
| Assets Under Management (000’s) As at: |
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Portfolio Sub-Advisors
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Morrison Williams Investment Management Ltd. |
Morrison Williams Investment Management Ltd. ("MWIM") was founded in 1992 by Barry A. Morrison and K. Leslie Williams. Both partners worked together for 10 years at a major Canadian investment counseling firm where they had been active as portfolio managers, marketing specialists and in client liaison. After leaving in the fall of 1991, they decided to start a new business, as they believed there was a market opportunity for a new firm offering a specialized, disciplined and service oriented approach to the discretionary management of investment funds. |
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K. Leslie Williams, Morrison Williams Investment Management
President and Secretary, K. Leslie Williams. established Morrison Williams Investment Management with Barry Morrison in 1992. Prior to that, Mr. Williams was the Senior Vice-President and Director at BGH Central Investment Management, a Portfolio manager, Canadian Equity Investments, at Inco from 1977 to 1981, and U.S. and Canadian equity manager from 1974 to 1977.
Performance and Volatility
| Performance | |||||||
| 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | YTD | Since Inception |
| 3.3% | 15.1% | 16.2% | (5.4%) | 3.0% | 6.6% | (4.3%) | 6.6% |
As at:
| Calendar Year Performance | ||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
| 19.4% | (35.8%) | 15.6% | 13.2% | 18.9% | 21.8% | 18.4% |
| 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 2.68% 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.