Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class Z N I Z NAV | as of 12/06/2024 $21.11 +$0.21 (+1.00%) Morningstar | Style Box V B G L M S Morningstar Rating Rated against 1,020 Large Growth funds as of 11/30/2024 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 06/03/2009 to 11/30/2024 = $88,062.70 From: To: 3YR 5YR 10YR INCEP. INCEP. 3YR 5YR 10YR INCEP. SEE ALL PERFORMANCE 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 800.548.4539. 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. 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 Documents Fact Sheet Commentary Summary Prospectus Prospectus 2023 Distributions View All Documents Investment Style Renaissance Large Cap Growth Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective Renaissance Large Cap Growth Fund is categorized as Large-Blend. It invests in large-cap companies with medium risk. Morningstar Ratings Risk-adjusted returns as of 11/30/2024 Overall Rating (of 1,020) 3 Years (of 1,020) 5 Years (of 955) 10 Years (of 751) Category Large Growth Read Important Investment Disclosures Michael E. Schroer, CFA MANAGING PARTNER AND CHIEF INVESTMENT OFFICER Mike has over 40 years of investment experience and has been with Renaissance since 1984. As Chief Investment Officer for Renaissance, Mike supervises the management and direction of the firm’s investment research efforts and determines overall portfolio strategy. Mike is a 1980 graduate of the University of Cincinnati and earned a master's from the Indiana University Graduate School of Business in 1982. He was awarded a Chartered Financial Analyst designation in 1985 and is a member of the CFA® Institute and the CFA Society of Cincinnati. Andy Eng, CFA PARTNER, PORTFOLIO MANAGER, SENIOR RESEARCH ANALYST Andy joined Renaissance in 2016 and is a Senior Research Analyst and Co-Portfolio Manager for the Large Cap Growth Strategy and Portfolio Manager for the Midcap Growth Strategy. He has over 20 years of investment experience prior to joining Renaissance and was the portfolio manager for the equity portfolio of Northwestern Mutual Life Insurance Company in Milwaukee. In addition, he held a variety of analytical and portfolio management responsibilities during his 17 years at Northwestern Mutual, including fundamental stock analysis and portfolio management of a small cap growth fund. Prior to joining Northwestern Mutual, Andy started his investment career with AllianceBernstein. Andy graduated from the University of Illinois where he earned a Bachelor of Science in Finance. He also holds a Master of Business Administration from Washington University in St. Louis and became a CFA charterholder in 2003. He is a member of the CFA Institute and the CFA Society of Cincinnati. Performance Performance Read Important Investment Disclosures Returns Trailing Returns Trailing Returns Monthly Quarterly Calendar Year 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 800.548.4539. 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 shorter than one year are not annualized. Expense Ratios Gross Expense Ratio: 0.78% Net Expense Ratio: 0.66% Expense Cap Expiration Date: 05/01/2025 Distributions & Pricing Distributions Distributions Chart List Historical Pricing Calendar Year Distributions Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains Dec 14, 2023 $1.281900 $0.064700 $0.075000 $1.142200 Dec 15, 2022 $1.054900 $0.079700 — $0.975200 Dec 15, 2021 $1.530400 $0.060200 $0.097800 $1.372400 Dec 16, 2020 $0.796400 $0.064800 $0.256200 $0.475400 Dec 16, 2019 $1.185200 $0.126300 $0.131500 $0.927400 Dec 27, 2018 $2.589400 $0.142100 $0.413300 $2.034000 Dec 27, 2017 $0.469000 $0.091000 $0.030500 $0.347500 Dec 27, 2016 $0.270100 $0.098500 $0.043200 $0.128400 Dec 28, 2015 $0.290800 $0.055600 $0.036800 $0.198400 Dec 26, 2014 $2.700300 $0.067800 $0.390900 $2.241600 Dec 26, 2013 $3.841400 $0.129900 $0.585500 $3.126000 Dec 26, 2012 $1.043700 $0.076300 — $0.967400 Dec 27, 2011 $1.714300 $0.117000 $0.293300 $1.304000 Dec 28, 2010 $0.387600 $0.073000 $0.299200 $0.015400 Dec 28, 2009 $0.183800 $0.029900 $0.153900 — From: To: Risk & Return Statistics As of: 11/30/2024 3YR 5YR 10YR Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. 2.74 0.50 -0.59 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 16.95 18.30 15.87 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. 0.45 0.78 0.75 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 77.86 71.86 64.47 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 83.25 90.96 95.92 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 0.77 0.84 0.87 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 86.15 88.31 87.95 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 7.81 7.08 5.95 View All Characteristics & Statistics All Characteristics & Statistics Renaissance Large Cap Growth Fund (MRLIX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund Russell 1000® Growth Index Fund Assets (Mil.$) $137 Number of Holdings 55 394 Weighted Avg. Market Cap (Mil.$) $460,789 $1,576,453 Median Market Cap (Mil.$) $83,023 $20,899 Weighted Avg. P/E (1-yr Forward EPS) 25.36 31.76 Weighted Avg. P/E (Trailing EPS) 30.26 37.96 PEG Ratio 1.82 1.77 Weighted Avg. P/B 7.47 12.89 EPS Growth (Trailing 3-yr %) 15.15% 20.58% EPS Growth (Trailing 5-yr %) 20.19% 23.33% Forward EPS Growth (1-yr %) 15.94% 18.72% Forward EPS Growth (Long Term %) 15.09% 18.27% Revenue Growth (Trailing 5-yr %) 13.83% 18.79% Return on Equity 30.07% 39.10% Weighted Avg. Dividend Yield 0.57% 0.57% Debt to Equity 112.69 82.77 Trailing 12-Months Portfolio Turnover 38.13% As of: 09/30/2024 Risk & Return 3 Years 5 Years 10 Years Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. 2.74 0.50 -0.59 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 16.95 18.30 15.87 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. 0.45 0.78 0.75 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 77.86 71.86 64.47 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 83.25 90.96 95.92 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 0.77 0.84 0.87 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 86.15 88.31 87.95 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 7.81 7.08 5.95 Information Ratio Information Ratio s a ratio of portfolio returns above the returns of a benchmark (usually an index) to the volatility of those returns. The information ratio (IR) measures a portfolio manager's ability to generate excess returns relative to a benchmark, but also attempts to identify the consistency of the investor. This ratio will identify if a manager has beaten the benchmark by a lot in a few months or a little every month. The higher the IR, the more consistent a manager is, and consistency is an ideal trait. 0.07 -0.38 -0.50 Treynor Ratio (%) Treynor Ratio (%) , which was developed by Jack Treynor, measures reward per unit of beta risk. It measures returns earned in excess of that which could have been earned on a less risk investment per each unit of market risk. The Treynor Ratio relates the difference between the portfolio return and the risk-free rate to the portfolio beta for a given time period. 9.80 17.03 13.64 Max Drawdown Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown is an indicator of downside risk over a specified time period. -24.68 -24.68 -24.68 As of: 11/30/2024 Market Cap Fund Russell 1000® Growth Index Market Cap ($mm) 0 - 1,000 0.00% 0.00% Market Cap ($mm) 1,000 - 1,500 0.00% 0.00% Market Cap ($mm) 1,500 - 2,500 0.00% 0.02% Market Cap ($mm) 2,500 - 5,000 0.00% 0.12% Market Cap ($mm) 5,000 - 10,000 3.38% 1.13% Market Cap ($mm) 10,000 - 25,000 8.07% 3.45% Market Cap ($mm) 25,000 - 50,000 13.74% 5.14% Market Cap ($mm) 50,000 - 100,000 27.17% 6.52% Market Cap ($mm) 100,000 - 200,000 19.63% 10.49% Market Cap ($mm) 200,000 - 28.01% 73.13% Market Cap – NA 0.00% 0.00% As of: 09/30/2024 Valuation Characteristics Fund Russell 1000® Growth Index P/E 0-10 3.31% 0.14% P/E 10-15 0.00% 0.43% P/E 15-20 6.84% 1.41% P/E 20-25 17.92% 11.92% P/E 25-Above 71.92% 84.60% P/E – NA 0.00% 1.49% As of: 09/30/2024 Growth Characteristics Fund Russell 1000® Growth Index EPS Growth (Trailing 3-yr %) - Negative 12.85% 9.72% EPS Growth (Trailing 3-yr %) 0 - 5 6.85% 4.21% EPS Growth (Trailing 3-yr %) 5 - 10 12.62% 22.77% EPS Growth (Trailing 3-yr %) 10 - 15 25.90% 32.87% EPS Growth (Trailing 3-yr %) 15 - 20 8.36% 2.49% EPS Growth (Trailing 3-yr %) Above 20 27.80% 23.12% EPS Growth (Trailing 3-yr %) - NA 5.62% 4.82% As of: 09/30/2024 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 09/30/2024 Apple Inc 3.43% Microsoft Corp 2.91% Broadcom Inc 2.57% Amazon.com Inc 2.43% Meta Platforms Inc, Class A 2.33% AppLovin Corp, Class A 2.23% Alphabet Inc, Class A 2.15% Motorola Solutions Inc 1.98% Netflix Inc 1.93% Arista Networks Inc 1.91% % in Top 10 Holdings 23.87% View Holding Details Holding Details Renaissance Large Cap Growth Fund (MRLIX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 09/30/2024 Apple Inc 3.43% Microsoft Corp 2.91% Broadcom Inc 2.57% Amazon.com Inc 2.43% Meta Platforms Inc, Class A 2.33% AppLovin Corp, Class A 2.23% Alphabet Inc, Class A 2.15% Motorola Solutions Inc 1.98% Netflix Inc 1.93% Arista Networks Inc 1.91% % in Top 10 Holdings 23.87% As of: 09/30/2024 Download All Holdings (PDF) As of: 10/31/2024 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund AAPL Apple Inc Information Technology S US USD 20,087 225.91 $4,537,854 3.35% MSFT Microsoft Corp Information Technology S US USD 9,246 406.35 $3,757,112 2.78% APP AppLovin Corp, Class A Information Technology S US USD 22,065 169.39 $3,737,590 2.76% AVGO Broadcom Inc Information Technology S US USD 20,377 169.77 $3,459,403 2.56% AMZN Amazon.com Inc Consumer Discretionary S US USD 17,838 186.40 $3,325,003 2.46% META Meta Platforms Inc, Class A Communication Services S US USD 5,566 567.58 $3,159,150 2.33% GOOGL Alphabet Inc, Class A Communication Services S US USD 17,679 171.11 $3,025,054 2.23% NFLX Netflix Inc Communication Services S US USD 3,721 756.03 $2,813,188 2.08% MSI Motorola Solutions Inc Information Technology S US USD 6,012 449.35 $2,701,492 2.00% KKR KKR & Co Inc, Class A Financials S US USD 19,483 138.24 $2,693,330 1.99% FI Fiserv Inc Financials S US USD 13,583 197.90 $2,688,076 1.99% ANET Arista Networks Inc Information Technology S US USD 6,790 386.44 $2,623,928 1.94% GWW WW Grainger Inc Industrials S US USD 2,351 1,109.23 $2,607,800 1.93% RCL Royal Caribbean Cruises Ltd Consumer Discretionary S US USD 12,493 206.35 $2,577,931 1.90% TW Tradeweb Markets Inc, Class A Financials S US USD 20,163 127.00 $2,560,701 1.89% PWR Quanta Services Inc Industrials S US USD 8,390 301.63 $2,530,676 1.87% NOW ServiceNow Inc Information Technology S US USD 2,681 932.99 $2,501,346 1.85% JLL Jones Lang LaSalle Inc Real Estate S US USD 9,158 270.96 $2,481,452 1.83% APH Amphenol Corp, Class A Information Technology S US USD 37,023 67.02 $2,481,281 1.83% JBL Jabil Inc Information Technology S US USD 19,998 123.09 $2,461,554 1.82% EXP Eagle Materials Inc Materials S US USD 8,554 285.46 $2,441,825 1.80% WM Waste Management Inc Industrials S US USD 11,269 215.85 $2,432,414 1.80% ORLY O'Reilly Automotive Inc Consumer Discretionary S US USD 2,100 1,153.14 $2,421,594 1.79% LOW Lowe's Cos Inc Consumer Discretionary S US USD 9,220 261.83 $2,414,073 1.78% MA MasterCard Inc, Class A Financials S US USD 4,772 499.59 $2,384,043 1.76% ECL Ecolab Inc Materials S US USD 9,644 245.73 $2,369,820 1.75% MAR Marriott International Inc, Class A Consumer Discretionary S US USD 9,075 260.02 $2,359,682 1.74% CTAS Cintas Corp Industrials S US USD 11,450 205.81 $2,356,525 1.74% IT Gartner Inc Information Technology S US USD 4,670 502.50 $2,346,675 1.73% PTC PTC Inc Information Technology S US USD 12,555 185.33 $2,326,818 1.72% V Visa Inc, Class A Financials S US USD 8,006 289.85 $2,320,539 1.71% PYPL PayPal Holdings Inc Financials S US USD 28,820 79.30 $2,285,426 1.69% HON Honeywell International Inc Industrials S US USD 10,963 205.68 $2,254,870 1.67% SHW Sherwin-Williams Co Materials S US USD 6,267 358.77 $2,248,412 1.66% BJ BJ's Wholesale Club Holdings Inc Consumer Staples S US USD 25,470 84.73 $2,158,073 1.59% HCA HCA Healthcare Inc Health Care S US USD 5,970 358.74 $2,141,678 1.58% DHR Danaher Corp Health Care S US USD 8,707 245.66 $2,138,962 1.58% KLAC KLA Corp Information Technology S US USD 3,202 666.23 $2,133,268 1.58% FERG Ferguson Enterprises Inc Industrials S US USD 10,757 196.74 $2,116,332 1.56% CRM Salesforce Inc Information Technology S US USD 7,252 291.37 $2,113,015 1.56% ABNB Airbnb Inc, Class A Consumer Discretionary S US USD 15,575 134.79 $2,099,354 1.55% ROP Roper Technologies Inc Information Technology S US USD 3,898 537.73 $2,096,072 1.55% ACGL Arch Capital Group Ltd Financials S BM USD 21,120 98.56 $2,081,587 1.54% EOG EOG Resources Inc Energy S US USD 16,798 121.96 $2,048,684 1.51% AMAT Applied Materials Inc Information Technology S US USD 11,257 181.58 $2,044,046 1.51% CDNS Cadence Design Systems Inc Information Technology S US USD 7,382 276.12 $2,038,318 1.51% ADBE Adobe Inc Information Technology S US USD 4,247 478.08 $2,030,406 1.50% QCOM QUALCOMM Inc Information Technology S US USD 12,407 162.77 $2,019,487 1.49% NBIX Neurocrine Biosciences Inc Health Care S US USD 16,665 120.27 $2,004,300 1.48% CI Cigna Group Health Care S US USD 6,234 314.81 $1,962,526 1.45% MCK McKesson Corp Health Care S US USD 3,883 500.59 $1,943,791 1.44% TMO Thermo Fisher Scientific Inc Health Care S US USD 3,279 546.32 $1,791,383 1.32% WEX WEX Inc Financials S US USD 10,087 172.60 $1,741,016 1.29% ICLR ICON PLC Health Care S IE USD 6,981 222.11 $1,550,550 1.15% LULU Lululemon Athletica Inc Consumer Discretionary S CA USD 4,762 297.90 $1,418,600 1.05% Cash & Equivalents Cash C US USD - - $2,015,291 1.49% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return AppLovin Corp, Class A 1 1.09% 63.62% Sherwin-Williams Co 2 1.80% 28.07% HCA Healthcare Inc 3 1.81% 26.65% PayPal Holdings Inc 4 1.32% 34.46% Lowe's Cos Inc 5 1.70% 23.28% Fiserv Inc 6 1.84% 20.54% Apple Inc 7 3.43% 10.71% Meta Platforms Inc, Class A 8 2.30% 13.60% Cintas Corp 9 1.82% 17.77% Motorola Solutions Inc 10 1.94% 16.65% As of: 09/30/2024 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Lam Research Corporation 20 1.80% -23.20% Neurocrine Biosciences Inc 19 1.56% -19.60% Applied Materials Inc 18 1.87% -14.26% Airbnb Inc, Class A 17 1.55% -16.37% McKesson Corp 16 1.66% -15.27% Alphabet Inc, Class A 15 2.28% -8.86% QUALCOMM Inc 14 1.60% -14.31% Cadence Design Systems Inc 13 1.57% -11.93% ICON PLC 12 1.69% -8.35% Target Corp 11 0.76% -7.69% As of: 09/30/2024 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Read Important Investment Disclosures Read Important Investment Disclosures Sector Allocation (Equity) As of: 09/30/2024 View Allocation Details Allocation Details Renaissance Large Cap Growth Fund (MRLIX) Sector Allocation (Equity) Investment Allocation Top 10 Industries Sector Sort Order Fund Russell 1000® Growth Index Information Technology 34.69% 48.76% Health Care 14.24% 7.78% Financials 13.74% 6.31% Consumer Discretionary 11.90% 14.20% Industrials 10.28% 4.60% Communication Services 6.41% 12.82% Materials 3.55% 0.67% Cash & Other 2.12% 0.00% Consumer Staples 1.54% 3.64% Energy 1.51% 0.40% Real Estate 0.00% 0.59% Utilities 0.00% 0.22% As of: 09/30/2024 Investment Allocation 09/30/2024 Stocks 97.88% Bonds 0.00% Cash and Other 2.12% As of: 09/30/2024 Industry Fund Russell 1000® Growth Index Software 14.67% 18.70% Semiconductors & Semiconductor Equipment 9.21% 16.26% Financial Services 8.32% 3.61% Health Care Providers & Services 8.11% 0.68% Hotels, Restaurants & Leisure 4.92% 2.24% Life Sciences Tools & Services 4.73% 0.17% Interactive Media & Services 4.48% 11.15% Communications Equipment 3.89% 0.49% Capital Markets 3.69% 1.64% Specialty Retail 3.60% 2.29% % in Top 10 Industries 65.62% 57.23% As of: 09/30/2024 Read Important Investment Disclosures About the Affiliate About Renaissance Investment Management 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 About Renaissance Investment Management's Approach FOUNDED 1978 AMG AFFILIATE SINCE 1995 HEADQUARTERS Covington, KY Portfolio Managers Michael E. Schroer, CFA MANAGING PARTNER AND CHIEF INVESTMENT OFFICER Read full bio Andy Eng, CFA PARTNER, PORTFOLIO MANAGER, SENIOR RESEARCH ANALYST Read full bio 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. Related products Other Products From Renaissance Investment Management Renaissance Emerging Markets Equity Strategy View SMA Details Renaissance International Equity ADR Strategy View SMA Details Renaissance International Small Cap Equity Strategy View SMA Details Renaissance Large Cap Growth Strategy View SMA Details Renaissance Midcap Growth Strategy View SMA Details Renaissance Small Cap Growth Strategy View SMA Details Stay up-to-date Sign up to receive our latest views and thinking, in addition to other news and product-related information. CHOOSE SUBSCRIPTIONS