Renaissance Large Cap Growth Fund  (MRLTX)

Fund Overview

Fund Overview

Share Class

N

Morningstar | Style Box

V B G L M S

NAV | as of 12/14/2018

$13.45
-$0.23 (-1.68%)

Overall Morningstar Rating



Rated against 1252 Large Growth funds as of 11/30/2018

View Morningstar Details

Quarterly Performance (%) |
vs. Benchmark as of 09/30/2018

Fund Inception 06/03/2009

YTD 1YR 3YR 5YR 10YR INCEP.
MRLTX 7.34 14.82 14.29 13.36 - 13.99
Russell 1000® Growth Index 17.09 26.30 20.55 16.58 14.31 17.16
View Monthly & Quarterly Performance Details

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 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.

Expense Ratios

  • Gross Expense Ratio: 1.16%
  • Net Expense Ratio: 1.03%
  • Expense Cap Expiration Date: 05/01/2019

Read Important Investment Disclosures

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
Michael E. Schroer, CFA

Michael E. Schroer, CFA

Managing Partner & Chief Investment Officer

See Our Approach Read Bio

Performance

Performance

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Returns & Distributions

As of 09/30/2018

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      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

Growth of $10,000 (Hypothetical)

Since Inception 06/03/2009 to 11/30/2018 = $32,179.23

  • 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)

As of: 09/30/2018

Cigna Corp 1.97%
Oracle Corp 1.95%
MasterCard Inc, Class A 1.94%
Boeing Co 1.92%
Adobe Systems Inc 1.88%
Activision Blizzard Inc 1.88%
Progressive Corp 1.88%
Ross Stores Inc 1.87%
American Express Co 1.87%
Cisco Systems Inc 1.87%
% in Top 10 Holdings 19.03%
View Holding Details Read Important Investment Disclosures

MPT Stats

As of: 11/30/2018

View All Characteristics & Stats

Sector Allocation (Equity)

As of: 09/30/2018

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.


Momentum Rolls On

An analysis of 2017 and first half of 2018 outperformance of price momentum factors and their historically high levels, suggests a reversion to the mean may begin over the upcoming quarters.
Read Full Perspective More About Renaissance Investment Management

Large Cap Growth Investing with Renaissance Investment Management

Portfolio Manager Mike Schroer, CFA, discusses Renaissance’s approach to active investing within the large cap equity 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

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View Fund Details

Founded

1978


Headquarters

Covington, KY


Affiliate Since

1995


AUM

$5.3B

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Fund Detail Read Important Investment Disclosures

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