To seek long term capital appreciation by investing primarily in units of global and/or Canadian mutual funds and securities (including equity securities, fixed income securities, and permitted commodities), which are expected to benefit from or to provide a hedge against inflation.
Minimum Initial Investment:
Lump Sum
(Class A) Initial: $500
Subsequent: $100
| Front-End Load Option | ATL2452 |
|---|---|
| Back-End Load Option | - |
| Low Load Option | - |
| Closed to all purchases | |||||||||
| Front-End Load Option | - | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Back-End Load Option** | ATL2454 | ||||||||
| Low Load Option** | ATL2453 | ||||||||
| Inception Date | Sep 29, 2011 |
|---|---|
| Fund Code | ATL2452 |
| Assets Under Management ($000) As at : 03/28/2024 | $12,264 |
CIBC Asset Management (CAM) 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.
Luc de la Durantaye
Chief Investment Strategist and CIO
Luc de la Durantaye is the Chief Investment Strategist for CIBC Asset Management and leads the Multi-Asset and Currency Management team as Chief Investment Officer & Managing Director. In conjunction with CIBC AM's asset class leaders, he is responsible for shaping overall investment strategy by facilitating shared insights across teams. As leader of the Multi-Asset and Currency team, he is directly involved in the management of the currency process and oversees the Multi-Asset process as well as the firm's Investment Committee.
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 the investment management division of 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.
Style
| 3 mo | 6 mo | YTD | 1 yr | 3 yrs | 5 yrs | 10 yrs | Since Inception |
|---|---|---|---|---|---|---|---|
| 2.6% | 7.1% | 2.6% | 2.2% | 1.0% | 2.8% | 2.4% | 3.4% |
As at: 03/28/2024
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| 1.5% | (2.8%) | 0.2% | 9.20% | 6.7% | (2.5%) | 4.4% | 4.4% | 2.5% | 1.8% |
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.
*On July 21, 2017 CIBC Asset Management Inc. (CAM) announced changes to its product lineup. Certain classes were closed to all investors at end of business day July 21, 2017 and are subsequently being terminated on or about October 13, 2017. Additional classes were also closed to all investors effective end of business day September 1, 2017. For more information click here
**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.
†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.
