Renaissance Global Markets Fund [Class F]

To obtain long-term growth of capital and income by investing primarily in equity and debt securities on a worldwide basis.

Also available in Class A

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

Distributions: In the month of December, income and capital gains accumulated to date are distributed.
Pre-Authorized Chequing Investment: $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): 0.70%
Annualized Management Expense Ratio (including applicable taxes) as at Aug 31, 2023: 0.99%
Inception DateOct 19, 2001
Fund CodeATL1647
Assets Under Management ($000)
As at : 03/28/2024
$52,713

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.

Quality GARP Equity Team

Profile photo of Dave Chan.

Dave Chan, CFA

Portfolio Manager, Global Equities

Dave supports the global equity franchise at CIBC Asset Management with a focus on the U.S., including large- and mid-cap equities. He helps to support the team in all aspects of our investment process including idea generation, fundamental analysis, and team vetting.

Dave has been a global investor for over 15 years. Before joining CIBC Asset Management in 2022, he was a U.S. Portfolio Manager at Foyston, Gordon & Payne. He joined Foyston, Gordon & Payne in 2015 as Senior Research Analyst. He became a Portfolio Manager of U.S. equities in 2016, and was a member of their Senior Investment Committee thereafter.

Dave’s investment career began in 2007 at Merrill Lynch Canada, where he was a research associate covering Canadian financial services. He later moved to Empire Life Investment Management and Mackenzie Investments covering global equities for both firms.

Dave holds a Bachelor of Science degree from the University of Toronto and an MBA from the Schulich School of Business at York University. He is also a CFA charterholder and a member of the CFA Society of Toronto.

Profile photo of Rahul Bhambhani.

Rahul Bhambhani, CFA

Portfolio Manager, Global Equities

Rahul Bhambhani is a member of the Global Equities team. He provides research coverage of global equities and creates internal financial models for equity valuation purposes.

Prior to joining CIBC Asset Management in 2019, Mr. Bhambhani was a Global Equities Investment Analyst at Empire Life Investments. He was responsible for the review and analysis of existing portfolio holdings and internal research recommendations. Previously, he worked at Greystone Managed Investments as a Global Equities and Fixed Income Analyst.

Mr. Bhambhani holds a Bachelor of Accounting and Financial Management from the University of Waterloo. He also is a CFA charterholder and a member of the CFA Society of Toronto.

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
3.7%12.8%5.5%9.6%4.1%5.8%5.5%4.6%
3 mo
6 mo
YTD
1 yr
3 yrs
5 yrs
10 yrs
Since Inception
3.7%
12.8%
5.5%
9.6%
4.1%
5.8%
5.5%
4.6%

As at: 03/28/2024

Calendar Year Performance
2023202220212020201920182017201620152014
11.7%(15.7%)17.7%9.30%15.4%(3.2%)10.3%9.8%1.4%4.0%
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
11.7%
(15.7%)
17.7%
9.30%
15.4%
(3.2%)
10.3%
9.8%
1.4%
4.0%
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.

†Please refer to the Annual/Interim Management Reports of Fund Performance for further details.

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 F 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.