Renaissance Canadian Core Value Fund [Class A]
To achieve long-term investment returns through capital growth by investing in senior issuers that are primarily medium to large Canadian companies.
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
| Front-End Load Option | ATL901 |
|---|---|
| Back-End Load Option | ATL853 |
| Low Load Option | ATL671 |
| Inception Date | Sep 23, 1994 |
|---|---|
| Assets Under Management ($000) As at: 10/30/2020 | $56,940 |
CIBC Asset Management Inc.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.
Natalie Taylor, CIBC Asset Management Inc.
Natalie Taylor is a Portfolio Manager, responsible for value, dividend value and North American financial sector portfolios.
Prior to joining CIBC Asset Management in 2013, Ms. Taylor's previous work experience included Research Analyst, Global Equities at RBC Global Asset Management, where she covered North American, European and Asian financial and consumer discretionary sectors. Previously, she was Associate Director, Canadian Financials Analyst at UBS Global Asset Management Inc. and Equity Research Associate, Banks and Diversified Financials at Scotia Capital Inc.
Ms. Taylor holds a Bachelor Business Administration degree from Wilfrid Laurier University. She is also a CFA charterholder.
Pzena Investment Management Inc.Pzena Investment Management is a fund manager that employs a classic value investment approach. The firm began managing assets on January 1, 1996 and manages assets for leading endowments, foundations, pension plans and individual investors. The firm is headquartered in New York City, with a representative office for Business Development and Client Services located in Melbourne, Australia.
John Goetz, MBA
Mr. Goetz is a Managing Principal, Co-Chief Investment Officer and Portfolio Manager of U.S. Large Cap and all non-US strategies at the firm. Mr. Goetz joined Pzena Investment Management in 1996 and has 34 years of experience.
Caroline Cai, CFA
Ms. Cai is a Principal and Portfolio Manager for International (ex-U.S.), European, Emerging Markets, and Global Value strategies. Ms. Cai has been with the firm since 2004 and has 15 years of experience.
Benjamin Silver, CFA, CPA
Mr. Silver is a Principal and Co-Portfolio Manager for the U.S. large cap, U.S. mid cap, and global strategies, Focused Value, and Small Cap Focused Value. Mr. Silver joined Pzena Investment Management in 2001 and has 31 years of experience.
Style
| 3 mo | 6 mo | YTD | 1 yr | 3 yrs | 5 yrs | 10 yrs | Since Inception |
|---|---|---|---|---|---|---|---|
| (3.0%) | 3.8% | (16.6%) | (12.1%) | (3.4%) | 1.8% | 1.4% | 5.6% |
As at: 10/30/2020
| 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|
| 20.5% | (12.6%) | 8.6% | 21.6% | (13.2%) | (0.6%) | 13.7% | 6.3% | (10.6%) | 12.4% |
On February 28, 2008, the Fund's name changed from Merrill Lynch Canadian Core Value Fund to Renaissance Canadian Core Value Fund.
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.
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.
