Renaissance Global Science & Technology Fund [Class A]
*To obtain long-term capital appreciation by investing in a diversified portfolio of global companies involved mainly in telecommunications, biotechnology, computer hardware and software, and medical services and other scientific and technology-based companies.
Additional Fund Information
*Rating awarded for demonstrating the best category risk-adjusted returns throughout an entire calendar year.
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
| Front-End Load Option | ATL1027 |
|---|---|
| Back-End Load Option | ATL1871 |
| Low Load Option | ATL2871 |
| Closed to all purchases | |||||||||
| Front-End Load Option | - | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Back-End Load Option** | ATL1871 | ||||||||
| Low Load Option** | ATL2871 | ||||||||
| Inception Date | Oct 28, 1996 |
|---|---|
| Fund Code | ATL1871 |
| Assets Under Management ($000) As at : 01/31/2025 | $428,361 |
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.
Robertson Velez, CFA
Portfolio Manager, Global Equities
Robertson is a Portfolio Manager in the Global Equities team responsible for stock selection, portfolio construction and risk control for the Technology and Communications sleeves of the Renaissance Global Technology Fund and the CIBC Global Technology Fund. Leveraging his extensive experience in finance and technology, he researches the industry to develop investment strategies and theses to select global technology companies that generate superior long-term performance.
Before assuming his current role in August 2022, Robertson worked for sixteen years in various roles in the asset management industry, most recently as a portfolio manager at 1832 Asset Management L.P. Prior to that, Robertson was a Staff Engineer with ATI Technologies for twelve years, successfully leading several Semiconductor design projects.
Robertson is a CFA charterholder. He earned a Master of Business Administration degree from the Rotman School of Management at the University of Toronto, a Master of Engineering degree from the University of Toronto, and a Bachelor of Applied Sciences degree from the University of British Columbia.
Style
| 3 mo | 6 mo | YTD | 1 yr | 3 yrs | 5 yrs | 10 yrs | Since Inception |
|---|---|---|---|---|---|---|---|
| 8.7% | 11.5% | 4.7% | 30.4% | 15.7% | 15.4% | 16.6% | 9.6% |
As at: 01/31/2025
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 30.7% | 30.2% | (20.9%) | 3.2% | 47.00% | 34.8% | 7.3% | 31.1% | (3.3%) | 30.5% |
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.
*Renaissance Global Science & Technology Fund was awarded the 2024 FundGrade A+® Award in the Global Equity CIFSC category. The FundGrade A+® Award is calculated from December 31, 2014 to December 31, 2024 out of a total of 306 funds. Performance for the fund (Class A) for the period ended December 31, 2024 is as follows: 30.7% (1 year), 10.4% (3 years), 15.4% (5 years), 17.2% (10 years) and 9.4% (since inception on October 28, 1996) net of fees.
FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.
†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.
This material is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. To obtain a copy of the simplified prospectus, call 1-888-888-FUND (3863). Alternatively, you may obtain a copy from your advisor.
The indicated rates of return are the historical annual compounded total returns 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.
Any information or discussion about the current characteristics of this mutual fund or how the portfolio manager is managing the mutual fund that is supplementary to information in the prospectus is not a discussion about material investment objectives or strategies, but solely a discussion of the current characteristics or manner of fulfilling the investment objectives and strategies, and is subject to change without notice.
Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed.
Past performance may not be repeated.
The material and/or its contents may not be reproduced without the express written consent of CIBC Asset Management Inc.
