Renaissance Global Markets Fund
Advisor Essentials Meeting clients’ needs for consistent returns with a best ideas approach.
A World of Opportunities Opportunities can exist in many different forms; the skill comes in knowing when to take advantage of them. With the freedom and flexibility necessary to do so, the Renaissance Global Markets Fund is dedicated to seeking out the best opportunities in the global market, unconstrained by benchmark, sector or region. This provides investors with the opportunity for consistent returns over the long term. Wintergreen Advisers add significant value by actively searching for companies currently out of favour with the broader market; in particular, undervalued or distressed companies along with arbitrage opportunities that are showing signs for significant recovery. The result is a highly
Key benefits Strong Upside Participation Excellent risk-adjusted returns with low volatility provide a measured approach to high capital appreciation.
concentrated portfolio of holdings that is less correlated to market returns
Provides Downside Protection
than typical active managers.
Management Style:
Compelling Opportunities:
Results of Investment Approach:
Deep Value
• Undervalued Securities • Distressed Companies • Arbitrage Opportunities
• A deep value style focused on providing consistent returns over time • Portfolio that is less correlated to market returns than typical active managers • A low turnover portfolio results in a more taxefficient solution
Source: Wintergreen Advisers
The Renaissance Global Markets Fund is different than other global equity funds. Wintergreen Advisers’ unique approach finds undervalued investments in all markets and sectors, separating them from their peers. The result is a lower correlation to major markets than most other global equity funds.
A Buy & Hold Strategy Wintergreen Advisers’ value approach leads to a low turnover of stocks in the portfolio, widely recognized as resulting in a more tax-efficient outcome as the costs and taxes typically associated with high turnover are significantly reduced.
For Advisor Use Only
Renaissance Global Markets Fund
Advisor Essentials
Features
Geographic Allocation ■ 28.37% United States ■ 17.19% Switzerland ■ 14.14% United Kingdom ■ 13.09% Cash & Cash Equivalents ■ 9.41% Hong Kong ■ 17.80% Others
Unique Value Approach Wintergreen Advisers build their own intrinsic value assessments to find opportunistic value not recognized by the broader market, but which signal opportunities for a significant return. They may also take advantage of arbitrage opportunities and distressed securities in the global market.
As at June 30, 2012
Performance (%) 1 3 6 month months months
1 year
3 years
5 years
10 Since years Inception1
Go Anywhere Mandate
Renaissance Global Markets Fund
1.1
(3.6)
(0.5)
(3.7)
9.0
(2.2)
0.9
2.8
MSCI World Index
3.5
(3.0)
6.4
1.0
6.8
(3.2)
1.6
5.9
1 Since Inception: January 11, 1993 All data as at June 30, 2012. MSCI data supplied by Zephyr Associates, Inc.
Fund Details: Class A Front-End Load: Back-End Load: Low Load: MER (Class A):
ATL1029 ATL1873 ATL2873 2.70%2
Class F: ATL1647 Front-End Load Trailer: 1.25%
1 888 888 FUND (3863) www.renaissanceinvestments.ca 2
MER annualized as at February 29, 2012. 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 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, their values change frequently, and past performance may not be repeated. 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.
Wintergreen Advisers’ strength is their ability to identify companies they believe are seriously undervalued. To pursue their unique brand of value, flexibility is key, so they invest in companies of any size, in any geographic region or sector.
Highly Regarded Value Manager With over two decades of investment experience, David Winters is a highly regarded deepvalue investor with a long-term track record of success.
For Advisor Use Only 86
02150E(201207)