Renaissance Large Cap Growth Fund  (MRLTX)

Fund Overview

Fund Overview

Share Class

N

NAV | as of 10/18/2019

$13.07
-$0.08 (-0.61%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating



Rated against 1243 Large Growth funds as of 09/30/2019

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 06/03/2009 to 09/30/2019 = $36,497.83

  • 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. 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.

Objective

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

Why Consider

  • May be appropriate for investors looking to gain exposure to U.S. large-cap companies
  • With a growth-oriented style, the Fund targets companies that have shown strong and consistent earnings growth and that trade at attractive valuations
  • The Fund generally holds 50 to 60 stocks at any given time, depending on market conditions

Documents

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Michael E. Schroer, CFA

Michael E. Schroer, CFA

Managing Partner and Chief Investment Officer

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

Returns

 

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. 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. Returns for periods less than one year are not annualized.

Expense Ratios

  • Gross Expense Ratio: 1.12%
  • Net Expense Ratio: 1.00%
  • Expense Cap Expiration Date: 05/01/2020

Distributions & Pricing


    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2018 $2.518800 $0.071500 $0.413300 $2.034000
      Dec 27, 2017 $0.445000 $0.067000 $0.030500 $0.347500
      Dec 27, 2016 $0.221700 $0.050100 $0.043200 $0.128400
      Dec 28, 2015 $0.235300 $0.036800 $0.198500
      Dec 26, 2014 $2.622500 $0.030000 $0.385000 $2.207500
      Dec 26, 2013 $3.781200 $0.075600 $0.585000 $3.120600
      Dec 26, 2012 $0.974500 $0.009000 $0.965500
      Dec 27, 2011 $1.579000 $0.289900 $1.289100
      Dec 28, 2010 $0.351000 $0.040000 $0.295700 $0.015300
      Dec 28, 2009 $0.178400 $0.024800 $0.153600

Risk & Return Stats

As of: 09/30/2019

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 09/30/2019

Apple Inc 2.11%
Lockheed Martin Corp 2.04%
KLA Corp 2.03%
Microsoft Corp 2.02%
Dollar General Corp 2.02%
Home Depot Inc 2.02%
L3Harris Technologies Inc 1.99%
Sysco Corp 1.98%
Ross Stores Inc 1.97%
CDW Corp 1.95%
% in Top 10 Holdings 20.13%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Equity)

As of: 09/30/2019

Investment Approach

Investment Approach

Renaissance Large Cap Growth Fund

The Fund invests at least 80% of its assets in stocks of large-capitalization companies. The Fund invests primarily in common stock of U.S. companies, but may also invest in preferred stocks. The Fund generally holds 50 to 60 stocks at any given time, depending on market conditions.

Renaissance employs a disciplined decision-making process to create and manage a growth-oriented portfolio. Individual issues in the Fund typically sell at reasonable valuation levels and are supported by above-average corporate profitability, accelerating earnings growth and low debt/equity ratios.


Large Cap Growth Investing: Market View 2019

 
Michael E. Schroer, CFA, Portfolio Manager at Renaissance Investment Management, discusses large cap growth investing heading into 2019, and their firm's approach to investing through volatility for the long term.
Watch Video More About Renaissance Investment Management

A Question of Weightings

 
Investors with significant allocations to passive strategies—which are usually capitalization weighted—may need to reconsider how much the weighting decision can impact their long-term returns.
Read Blog

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

Founded

1978


Headquarters

Covington, KY


Affiliate Since

1995


AUM

$4.6B

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