Renaissance Canadian Balanced Fund [Class A]
To achieve long-term investment return through a combination of income and capital growth by investing primarily in a diversified portfolio of Canadian equity securities, investment grade bonds and money market instruments.
Minimum Initial Investment:
|Front-End Load Option||ATL508|
|Back-End Load Option||-|
|Low Load Option||-|
|Closed to all purchases|
|Front-End Load Option||-|
|Back-End Load Option**||ATL507|
|Low Load Option**||ATL517|
|Inception Date||Mar 10, 1999|
|Assets Under Management ($000) |
As at : 05/31/2022
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.
Patrick O'Toole, CIBC Asset Management Inc.
Patrick O’Toole is a portfolio manager responsible for Core and Core Plus Canadian bond mandates, and is a contributor to the firm’s research specialization model.
Mr. O’Toole joined CIBC Asset Management in 2004. Prior to his current role he was Assistant Vice-President, Investments at Mackenzie Financial Corporation and Director, Fixed Income at Acuity Investment Management and Director, North American Fixed Income at Canada Trust. He also worked at Canada Mortgage and Housing Corporation as Senior Investment Officer, Treasury and later Manager, Fixed Income Portfolio.
Mr. O’Toole holds a diploma in Business Administration from Algonquin College. He is also a CPA, CGA and a CFA charterholder and a member of the CFA Society of Montreal.
Jean Gauthier, CIBC Asset Management Inc.
Jean Gauthier is CIO of Global Fixed Income at CIBC Asset Management. Mr. Gauthier oversees CIBC Asset Management's fixed income portfolio management and research efforts. Mr. Gauthier is also an active member of CIBC Asset Management's Investment Committee.
Mr. Gauthier joined CIBC Asset Management in 2017 and holds a Bachelor of Business Administration degree in Finance from the Université du Québec à Montréal (UQAM). He is also a CFA charterholder.
Adam Ditkofsky, CIBC Asset Management Inc.
Adam Ditkofsky is a portfolio manager, focusing on Core and Core Plus fixed income mandates. Mr. Ditkofsky has more than 10 years of experience in fixed income and is responsible for portfolio management, trading and idea generation. In his previous position, Mr. Ditkofsky was a Senior Credit Analyst at CIBC Asset Management (CAM), covering both investment grade and high-yield companies across multiple sectors. Prior to joining CAM in 2008, he held the role of Credit Analyst at CIBC World Markets.
Mr. Ditkofsky holds an MBA degree from the University of Western Ontario, and a BCom degree from Concordia University. He is also a Chartered Investment Manager (CIM) and Chartered Financial Analyst (CFA) charterholder.
Luc de la Durantaye, CIBC Asset Management Inc.
Luc de la Durantaye is the Chief Investment Strategist for CIBC Asset Management and leads the Multi-Asset and Currency Management team as Chief Investment Officer & Managing Director. In conjunction with CIBC AM's asset class leaders, he is responsible for shaping overall investment strategy by facilitating shared insights across teams. As leader of the Multi-Asset and Currency team, he is directly involved in the management of the currency process and oversees the Multi-Asset process as well as the firm's Investment Committee.
Mr. de la Durantaye joined CIBC AM in 2002 and has over three decades of investment experience. In a previous role, he was responsible for tactical asset allocation and currency management at the investment management division of a large Canadian financial institution. He began his career in 1985 as a financial analyst at a sell-side brokerage firm.
Mr. de la Durantaye holds a Bachelor of International Finance from école des hautes études commerciales of Montreal. He is also a CFA charterholder.
Catharine Sterritt, CIBC Asset Management Inc.
Catharine Sterritt is a member of the Equities team and is responsible for supporting Canadian equity portfolios.
Prior to joining CIBC Asset Management in 2017, Ms. Sterritt was Managing Director, Global Equity, Absolute Return/Arbitrage at Scotia Capital Inc. She has over 25 years of experience in equities and is a specialist in event-driven investment opportunities, including risk arbitrage, financial or operational stress, recapitalizations and regulatory changes. Ms. Sterritt is also a recognized authority on mergers and acquisitions, regulatory issues and corporate governance. She has been a regular commentator on Business News Network (BNN) and serves on the executive committee of 100 Women in Finance — Toronto.
Ms. Sterritt holds an Honours Bachelor of Business Administration degree from Wilfrid Laurier University. She is a CPA, CMA, and is also a CFA charterholder.
Amber Sinha, CIBC Asset Management Inc.
Amber Sinha is a Senior Portfolio Manager responsible for managing global and international mandates.
Prior to joining CIBC Asset Management in 2019, Mr. Sinha worked at Empire Life Investments as a Senior Portfolio Manager, where he managed global and international equity mandates. He has over 15 years of experience in the investment industry.
Mr. Sinha holds a Bachelor of Arts degree in Economics from University of Delhi in India and a Master of Science degree from the University of Warwick in England. He also holds an MBA from the Schulich School of Business at York University. Mr. Sinha is a CFA charterholder and a member of the CFA Society of Toronto.
|3 mo||6 mo||YTD||1 yr||3 yrs||5 yrs||10 yrs||Since Inception|
As at: 05/31/2022
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.