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Renaissance Optimal Conservative Income Portfolio Class A

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Canadian Fix Inc Balanced

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(04-30-2024) 		$10.12
Change
-$0.03 (-0.31%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Renaissance Optimal Conservative Income Portfolio Class A

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Fund Returns

Inception Return (September 16, 2013): 2.54%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.97% 0.31% 6.99% 0.31% 3.28% 0.39% -0.21% 1.95% 1.19% 1.59% 1.30% 1.79% 1.48% 2.08%
Benchmark 1.39% 0.66% 8.93% 0.66% 4.90% 0.98% 1.16% 3.50% 2.76% 3.30% 3.07% 3.37% 2.86% 3.53%
Category Average 1.32% 9.28% 9.28% 1.80% 5.85% 1.44% 1.04% 3.71% 2.41% 2.60% 2.45% 2.80% 2.28% 2.78%
Category Rank 366 / 420 412 / 419 409 / 417 412 / 419 411 / 417 363 / 409 337 / 376 328 / 353 315 / 336 272 / 303 275 / 287 248 / 272 232 / 253 218 / 244
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.16% -1.95% 0.23% -0.16% -0.50% -2.25% -0.07% 3.98% 2.66% -0.78% 0.13% 0.97%
Benchmark 1.40% -2.45% 0.81% -0.16% -0.48% -2.80% -0.48% 5.03% 3.54% -0.88% 0.16% 1.39%

Best Monthly Return Since Inception

4.05% (January 2015)

Worst Monthly Return Since Inception

-6.04% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.02% 2.11% 4.56% 1.77% -1.79% 8.19% 5.67% 1.09% -9.39% 5.93%
Benchmark 9.52% 0.56% 6.19% 4.30% -1.25% 10.87% 8.35% 3.73% -9.93% 7.79%
Category Average 6.62% 1.24% 4.06% 3.92% -2.19% 9.07% 6.42% 3.91% -9.95% 7.21%
Quartile Ranking 3 3 2 4 3 4 4 4 2 4
Category Rank 139/ 237 159/ 253 123/ 263 278/ 286 159/ 299 248/ 323 267/ 352 345/ 375 149/ 391 364/ 415

Best Calendar Return (Last 10 years)

8.19% (2019)

Worst Calendar Return (Last 10 years)

-9.39% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 26.96
Canadian Corporate Bonds 26.92
Foreign Corporate Bonds 13.89
International Equity 6.51
Foreign Government Bonds 6.34
Other 19.38

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 77.34
Utilities 3.86
Cash and Cash Equivalent 3.67
Financial Services 3.23
Energy 2.00
Other 9.90

Geographic Allocation

Geographic Allocation
Name Percent
North America 89.44
Europe 7.40
Asia 1.57
Latin America 1.03
Africa and Middle East 0.22
Other 0.34

Top Holdings

Top Holdings
Name Percent
Renaissance Canadian Bond Fund Class O 45.41
Renaissance Short-Term Income Fund Class A 16.84
CIBC Global Bond Private Pool O 8.27
Renaissance Canadian Dividend Fund Class O 6.33
Renaissance Global Infrastructure Fund Class O 6.16
Renaissance High-Yield Bond Fund Class O 6.15
Renaissance Floating Rate Income Fund A 4.08
Renaissance U.S. Equity Income Fund O 3.18
Renaissance International Dividend Fund Class O 3.09
Cash and Cash Equivalents 0.50

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Renaissance Optimal Conservative Income Portfolio Class A

Median

Other - Canadian Fix Inc Balanced

3 Yr Annualized

Standard Deviation 6.35% 6.30% 5.09%
Beta 0.83% 0.84% 0.84%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.97% 0.97% 0.94%
Sharpe -0.41% -0.09% 0.16%
Sortino -0.63% -0.34% -0.22%
Treynor -0.03% -0.01% 0.01%
Tax Efficiency - 39.77% -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.09% 6.35% 6.30% 5.09%
Beta 0.78% 0.83% 0.84% 0.84%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.99% 0.97% 0.97% 0.94%
Sharpe -0.22% -0.41% -0.09% 0.16%
Sortino 0.11% -0.63% -0.34% -0.22%
Treynor -0.02% -0.03% -0.01% 0.01%
Tax Efficiency 70.49% - 39.77% -

Fund Details

Start Date September 16, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $55

Fund Codes

FundServ Code Load Code Sales Status
ATL2910
ATL2911
ATL2912

Investment Objectives

To generate a high level of income with some potential for capital appreciation by investing primarily in units of Canadian and global mutual funds. We will not change the Fund’s fundamental investment objectives without the consent of unitholders by a majority of votes cast at a meeting of unitholders.

Investment Strategy

To achieve its investment objectives, the Fund: invests primarily in units of mutual funds managed by us or our affiliates (the Underlying Funds); has, under normal market conditions, a long-term strategic asset mix of fixed income (65-95%) and equities (5-35%). The Portfolio Advisor may review and adjust the asset mix, in its sole discretion, depending on economic conditions and relative value of income and equity securities.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 09-16-2013

Management and Organization

Fund Manager CIBC Asset Management Inc.
Advisor CIBC Asset Management Inc.
Custodian CIBC Mellon Trust Company
Registrar CIBC Asset Management Inc.
Distributor -
Auditor Ernst & Young LLP, Chartered Accountants

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 50

Fees

MER 1.63%
Management Fee 1.50%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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