Renaissance Canadian All-Cap Equity Fund
Advisor Essentials Capitalize on a broader spectrum of Canadian investment opportunities
1
Wider range of opportunities Take advantage of an any-cap approach to Canadian equity investing.
2
3
Greater diversification Achieves broader sector exposure by investing in large-, mid- and small-cap companies.
Focus on value Bottom-up, value approach selects companies trading below true value with significant upside potential.
Renaissance Canadian All-Cap Equity Fund Embrace more of Canada’s investment market The fund’s All-Cap universe includes approximately 450 companies – 74% more than the 259 companies in the S&P/TSX Composite Index.
Investable Universe Increases When All-Caps Included
191 Not in S&P/TSX Composite Index
259 S&P/TSX Composite Index
Such a broad universe
The Renaissance Canadian All-Cap Equity Fund provides: • An all-cap approach producing greater diversification opportunities than just large-caps alone. • Access to small-cap companies allowing for a greater number of companies within nearly every sector (see table below).
Exposure & Number of Underlying Companies Large-Cap (>$3b Market Cap)
provides greater
Small-, mid- and large-cap companies may behave differently during a variety of economic cycles. The manager constructs the portfolio to deliver upside potential by selecting companies best suited for the current economic environment.
Greater Portfolio Diversification The large-cap universe is heavily weighted to financial services, energy and materials, all three of which make up over 75% of the S&P/TSX 60 Index. This provides only a narrow selection of companies from which to choose.
% Increase in number of No. of companies Companies within sector
Weight
No. of Companies
Weight
Energy
28.3%
30
22.8%
71
136%
diversification and upside potential.
Small- & Mid-Cap ($300m-$3b)
Materials
19.2%
18
29.8%
111
516%
Industrials
4.6%
5
9.0%
32
27%
Consumer Discretionary
2.5%
5
9.4%
27
440%
Consumer Staples
4.1%
8
3.7%
14
75%
Health care
0.8%
1
0.9%
5
400%
Financials (excluding real estate)
29.5%
17
6.7%
18
6%
Real Estate
2.3%
4
9.7%
27
575%
Information Technology
1.2%
2
4.0%
13
550%
Telecom
5.5%
4
0.7%
1
-75%
Utilities
2.0%
5
3.3%
TOTAL
99
9
80%
328
231%
Note: The table excludes an additional 294 micro- cap stocks that can contribute to the total universe available for the Fund.
Renaissance Canadian All-Cap Equity Fund
Advisor Essentials Investment Approach Suzann Pennington, Head of Canadian Equities, CIBC Global Asset Management Inc., has 24 years of investment management experience and an outstanding track record of analyzing and managing multi-cap equity and balanced portfolios. Employing a value approach, Suzann selects stocks that result in a deeply diversified portfolio consisting of undervalued companies across all market caps. • Avoids over-concentration in any one sector or company, and targets strong long-term performance. • Takes advantage of under-researched, undervalued companies that exist in the broader Canadian universe, often at a significant discount to fair value.
Features Enhanced Exposure to the Canadian Market Portfolio provides access to a broad universe of over 450 companies.
Management Expertise Suzann Pennington has over 24 years of investment management experience and a proven track record.
• Supported by a robust Canadian Equity research platform and a team of 17 investment professionals.
Fund Details Class A Front-End Load: Back-End Load: Low Load:
ATL1023 ATL1123 ATL2123
Front-End Load Trailer:
1.25%
Maximum Annual Management Fee:
2.00%
Class F ATL068 Maximum Annual Management Fee:
0.75%
1 888 888 FUND (3863) www.renaissanceinvestments.ca Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. See the Simplified Prospectus for the tax treatment of conversions and switches. The information presented is accurate at the time of first printing, and is subject to change without notice. Management fees for Class A and Class F units are outlined in the Simplified Prospectus. This material was prepared for investment professionals only and is not for public distribution. It is for informational purposes only and is not intended to convey investment, legal or tax advice. The material and/or its contents may not be reproduced or distributed without the express written consent of Renaissance Investments. Renaissance Investments is offered by CIBC Asset Management Inc. ™Renaissance Investments and “invest well. live better.” are registered trademarks of CIBC Asset Management Inc.
For Advisor Use Only 02498E(201110)