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.

Also available in Class F

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

Distributions: The Fund expects to distribute net income quarterly. Distributions of net realized capital gains occur annually in December.
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): 1.60%
Annualized Management Expense Ratio (including applicable taxes) as at Aug 31, 2023: 2.01%
Front-End Load OptionATL508
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 DateMar 10, 1999
Fund CodeATL507
Assets Under Management ($000)
As at : 06/28/2024
$111,888

CIBC Asset Management 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.

Jean Gauthier

Managing Director & Chief Investment Officer, Fixed Income & Equities


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, CFA

Senior Portfolio Manager, Global Fixed Income

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 and a member of the CFA Society of Toronto.

Luc de la Durantaye

Chief Investment Strategist and CIO

Luc de la Durantaye serves as the Chief Investment Officer of the Multi-Asset and Currency team where he oversees the multi-asset investment process and manages CIBC AM’s currency process. Mr. de la Durantaye also chairs the firm’s Investment Committee and helps to coordinate the investment views and processes developed by other team leaders within his unit. He is the primary spokesperson for CIBC AM’s investment insights.

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 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 and a member of the CFA Society of Montreal.

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.

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.

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
0.3%5.0%5.0%9.6%2.3%4.7%4.0%5.3%
3 mo
6 mo
YTD
1 yr
3 yrs
5 yrs
10 yrs
Since Inception
0.3%
5.0%
5.0%
9.6%
2.3%
4.7%
4.0%
5.3%

As at: 06/28/2024

Calendar Year Performance
2023202220212020201920182017201620152014
8.2%(8.9%)10.2%5.80%16.4%(6.9%)8.7%6.8%(2.2%)6.6%
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
8.2%
(8.9%)
10.2%
5.80%
16.4%
(6.9%)
8.7%
6.8%
(2.2%)
6.6%
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.

**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.