Renaissance International Equity Fund  (RIEIX)

Fund Overview

Fund Overview

Share Class

N

Morningstar | Style Box

V B G L M S

NAV | as of 09/21/2017

$10.45
+$0.01 (+0.10%)

Quarterly Performance (%) |
vs. Benchmark as of 06/30/2017

Fund Inception 06/16/2014

YTD 1YR 3YR 5YR 10YR INCEP.
RIEIX 17.36 20.39 0.61 - - 1.06
MSCI ACWI ex USA Index 14.10 20.45 0.80 7.22 1.13 1.02

Expense Ratios

  • Gross Expense Ratio: 4.12%
  • Net Expense Ratio: 1.25%
  • Expense Cap Expiration Date: 05/01/2018

Read Important Investment Disclosures

Objective

Seeks to provide long-term capital appreciation by investing in a portfolio of international companies selected through proprietary quantitative modeling and bottom-up fundamental analysis.

Why Consider

  • May be appropriate for investors looking to gain exposure to non-U.S. equities
  • With a growth-oriented style, the Fund targets companies that have shown strong and consistent earnings growth
  • The Fund’s flexible, all cap mandate invests in emerging and developed markets
Joe G. Bruening, CFA

Joe G. Bruening, CFA

Senior Partner

See Our Approach Read Bio

Performance

Performance

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Returns & Distributions

as of 06/30/2017

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2016 $0.218800 $0.218800
      Dec 28, 2015 $0.088600 $0.088600
      Dec 26, 2014 $0.025800 $0.025800

Growth of $10,000 (Hypothetical)

Since Inception 06/16/2014 to 08/31/2017 = $10,772.80

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Top Holdings (Equity)

Quarter Ending: 06/30/2017

China Lodging Group Ltd ADR 2.22%
Ryanair Holdings PLC ADR 2.09%
WH Group Ltd ADR 2.06%
Grupo Financiero Banorte SAB de CV ADR 1.99%
Colliers International Group Inc 1.99%
Vestas Wind Systems ADR 1.97%
Icon PLC 1.95%
Grupo Financiero Santander Mexico SAB de CV ADR 1.92%
Carnival PLC ADR 1.91%
KB Financial Group Inc ADR 1.91%
% in Top 10 Holdings 20.01%
View Holding Details Read Important Investment Disclosures

MPT Stats

Month Ending: 08/31/2017

View All Characteristics & Stats

Regional Allocation

Quarter Ending: 06/30/2017

Investment Approach

Investment Approach

Renaissance International Fund

  • The Fund generally invests at least 80% of its net assets in equity securities including common and preferred stock and American Depositary Receipts (ADRs), and at least 40% of its net assets in investments of issuers located outside the United States.
  • The Fund may invest up to 33% of its net assets in securities of issuers located in emerging markets countries. The Fund’s portfolio normally consists of between 50 and 60 securities, but this number may fluctuate depending on market conditions. The Fund may have exposure to and hold non-U.S. currencies.
  • Renaissance, the Fund’s subadvisor, seeks to invest in high-quality growth companies that are experiencing positive changes in earnings expectations and whose securities appear to trade at reasonable valuations. Renaissance employs a disciplined decision-making process to create and manage a diversified growth-oriented equity portfolio, and their investment process combines both quantitative and qualitative analysis: (1) Utilizes a multi-dimensional quantitative screening process/scoring system to identify stocks that exhibit a specific set of characteristics, combined with a focused fundamental overlay to identify the best candidates. (2) Employs traditional qualitative analysis to evaluate whether companies actually exhibit the desired attributes with minimal risk exposure. (3) Utilizes a dynamic approach to continually refine the factors screened to reflect new and long-term changes in market conditions. (4) Sells a security if the security no longer meets Renaissance’s quantitative or qualitative criteria for high quality growth potential.

International Equity Investing with Renaissance Investment Management

Portfolio Manager Joe Bruening, CFA, discusses international equity markets and Renaissance’s distinctive approach to investing in this space.
Watch Video More About Renaissance Investment Management

About

About Renaissance Investment Management

Background

Founded in 1978, Renaissance Investment Management is a registered investment advisor based in the greater Cincinnati, Ohio area. The firm serves both institutional and high-net-worth clients and offers a variety of investment management strategies based upon a foundation of intensive research and disciplined, process-oriented decision making. Renaissance is a multidisciplinary firm offering domestic and international investment strategies.

Learn More

More Funds From Renaissance Investment Management

MRLTX

Renaissance Large Cap Growth Fund

Seeks to provide long-term capital appreciation by investing in large-cap domestic companies selected through proprietary quantitative modeling and bottom-up fundamental analysis.

View Fund Details

Founded

1978


Headquarters

Covington, KY


Affiliate Since

1995


AUM

$5.0B

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