RENN Glb. Entrepreneurs Fund Common

Provides shareholders with both current income and long term capital appreciation. Invests in emerging growth company securities that are generally not available to the public and which typically require substantial financial commitment. The Fund emphasises investing in convertible preferred stock or convertible debentures of publicly held companies that the fund anticipates will be converted into common stock and registered for public sale within three to five years after the private placement. In the event the fund has less than 70% of it assets invested in eligible portfolio investments, then it will be prohibited from making non-eligible investments until such time as the percentage of eligible investments again exceeds the 70% threshold.

Key stats

Management firm  RENN Capital
Domicile  United States
Global Branding Name  RENN Capital
Fund currency  USD
Launch Date  1994-01-20
ISIN  US7597201059
SEDOL  B73P4R5
Manager 1 Name  Russell Cleveland
Fund Strategy  Tactical Allocation
Benchmark  S&P 500 TR USD
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-07-31
Return - 1 Month  -1.67%
Return - 2 Months  -5.24 %
Return - 3 Months  -9.27%
Return - 6 Months  -8.91 %
Return - 9 months  -9.27 %
Return - 12 Months  -9.62%
Annualized return 24 months  -2.66 %
Annualized return 36 months  -2.17 %
Annualized return 48 months  -3.85 %
Annualized return 60 months  -8.83 %
Return 120 months  -13.15 %
Annualized return since Inception  -1.86%
Return YTD  -0.42%

Ratings

Morning Star Rating Date   2014-07-31
Morning Star Rating - 36 Months  fund has a 1 star rating
Morning Star Rating - 60 Months  fund has a 1 star rating
Morning Star Rating - 120 Months  fund has a 1 star rating
Morning Star Rating - Overall  fund has a 1 star rating

Charges

Initial  0.00 %
Maximum Managment Charge  1.75 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  8080 North Express Way Suite 210/LB59
Contact Address 2  Dallas Texas TX 75206/1857
Contact country  United States
Fund Admin Group  RENN Capital
Web Address  www.rencapital.com
Email contact  invrel@rencapital.com
Phone  214-891-8294

Price

Last Price Date  2014-08-29
Pre-tax nav  1.63
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.02
Price change (percentage)  1.24 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

All our data is licensed from Morningstar UK Ltd. Important legal information