Renaissance Global Real Estate Currency Neutral Fund [Class A]

Renaissance Global Real Estate Currency Neutral Fund seeks long-term capital growth primarily through exposure to a global real estate fund that invests primarily in equity securities of companies throughout the world that are involved in, or that indirectly benefit from, management companies, commercial, industrial, and residential properties, or other investment in the real estate sector (the Underlying Fund). The Fund will attempt to reduce its currency exposure to non-Canadian dollar currencies by implementing a currency hedging strategy that is aimed at protecting the Fund from non-Canadian dollar currency fluctuations in respect of units it owns in the Underlying Fund.

Also available in Class F

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

Distributions: Distributions of net income and net realized capital gains occur quarterly.
Pre-Authorized Chequing Investment: $50 minimum investment for semi-monthly, monthly, quarterly, semi-annual or annual deposit.
Systematic Withdrawal Plan: With minimum initial account value of $10,000. Withdrawals may be made semi-monthly, monthly, quarterly, semi-annually or annually. $50 minimum.
Annual Management Fee (excluding applicable taxes) as at Jan 1, 2022: 2.05%* 
Annualized Management Expense Ratio (including applicable taxes) as at Jan 1, 2022: 2.35%  
Front-End Load OptionATL1260
Back-End Load Option-
Low Load Option-
Closed to all purchases
Front-End Load Option-
Back-End Load Option**ATL1262
Low Load Option**ATL1261
Inception DateOct 20, 2010
Assets Under Management ($000)
As at : 05/31/2022
$8,360
Cohen & Steers Capital Management Inc.

Cohen & Steers Capital Management, Inc. has been an innovator in real estate investment management since its founding in 1986. As a pioneer in the U.S. REIT industry, Cohen & Steers was also among the first firms to manage global real estate securities portfolios. The firm manages income-oriented equity portfolios with expertise in global real estate securities. It also manages alternative investment strategies, such as hedged real estate securities portfolios and private real estate multi-manager strategies. The firm is headquartered in New York City, with offices in London, Brussels, Hong Kong and Seattle.

Style

The investment style box is a graphical depiction of the investing categories an investment manager will invest within.
Performance
3 mo6 moYTD1 yr3 yrs5 yrs10 yrsSince Inception
(4.4%)(6.7%)(12.0%)(2.3%)3.4%4.6%7.2%5.3%
3 mo
6 mo
YTD
1 yr
3 yrs
5 yrs
10 yrs
Since Inception
(4.4%)
(6.7%)
(12.0%)
(2.3%)
3.4%
4.6%
7.2%
5.3%

As at: 05/31/2022

Calendar Year Performance
2021202020192018201720162015201420132012
27.0%(8%)22.2%(3.8%)7.3%2.2%4.0%17.3%6.3%21.0%
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
27.0%
(8%)
22.2%
(3.8%)
7.3%
2.2%
4.0%
17.3%
6.3%
21.0%
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.


†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.

**Effective May 13, 2022, all deferred sales charge (referred to as DSC) purchase options (i.e. back-end load and low-load options) are closed to new purchases, including purchases through pre-authorized chequing plans. Switches to units of another Fund managed by CIBC Asset Management Inc. under the same DSC purchase option will continue to be available.

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.