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Renaissance Corporate Bond Fund Class A

Cdn Corp Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2017, 2014, 2013

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NAVPS
(04-17-2024)
$8.76
Change
$0.02 (0.19%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Renaissance Corporate Bond Fund Class A

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Fund Returns

Inception Return (November 18, 2009): 2.81%

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 0.73% 0.63% 7.69% 0.63% 5.41% 1.91% -0.29% 2.27% 1.20% 1.69% 1.56% 2.14% 1.69% 2.02%
Benchmark 0.60% 0.15% 7.80% 0.15% 5.72% 2.15% 0.01% 1.81% 1.63% 2.14% 2.11% 2.35% 2.15% 2.74%
Category Average 0.57% 7.54% 7.54% 0.14% 4.99% 1.50% -0.75% 1.55% 1.09% 1.47% - - - -
Category Rank 22 / 97 19 / 97 48 / 97 19 / 97 43 / 97 47 / 87 42 / 82 27 / 77 45 / 74 42 / 71 38 / 66 28 / 62 31 / 54 30 / 54
Quartile Ranking 1 1 2 1 2 3 3 2 3 3 3 2 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.05% -1.27% 0.19% -0.29% -0.02% -1.78% 0.16% 3.64% 3.08% -0.30% 0.20% 0.73%
Benchmark 1.34% -1.31% 0.19% -0.36% -0.02% -1.75% 0.45% 3.64% 3.39% -0.70% 0.25% 0.60%

Best Monthly Return Since Inception

4.09% (April 2020)

Worst Monthly Return Since Inception

-8.08% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 4.93% -0.05% 5.10% 3.07% -0.54% 8.14% 6.42% -0.45% -10.81% 8.03%
Benchmark 7.44% 2.74% 3.59% 3.48% 0.96% 8.01% 8.57% -1.32% -10.12% 8.32%
Category Average - - - - - 7.34% 7.62% -1.82% -10.25% 7.57%
Quartile Ranking 4 4 1 2 3 2 4 1 3 2
Category Rank 46/ 54 44/ 54 10/ 59 25/ 65 48/ 67 27/ 73 73/ 74 16/ 80 61/ 86 42/ 93

Best Calendar Return (Last 10 years)

8.14% (2019)

Worst Calendar Return (Last 10 years)

-10.81% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 70.46
Foreign Corporate Bonds 18.11
Cash and Equivalents 7.09
Foreign Government Bonds 1.81
Canadian Bonds - Other 1.28
Other 1.25

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.90
Cash and Cash Equivalent 7.09
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.97
Europe 0.01
Other 0.02

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 3.38
Canada Government 2.75% 01-Aug-2024 2.58
Bank of America Corp 3.62% 16-Mar-2027 1.91
United States Treasury 2.88% 15-May-2043 1.81
Athene Global Funding 2.47% 09-Jun-2028 1.74
Original Wempi Inc 7.79% 04-Oct-2027 1.59
Teranet Holdings LP 5.75% 17-Dec-2040 1.40
SmartCentres REIT 3.65% 11-Dec-2030 1.25
Brookfield Infra Finance ULC 4.19% 11-Jun-2028 1.22
Enbridge Inc 7.20% 18-Jun-2032 1.18

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Renaissance Corporate Bond Fund Class A

Median

Other - Cdn Corp Fixed Income

3 Yr Annualized

Standard Deviation 6.24% 6.76% 5.19%
Beta 1.06% 1.04% 1.00%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.94% 0.93% 0.90%
Sharpe -0.44% -0.07% 0.15%
Sortino -0.67% -0.30% -0.22%
Treynor -0.03% 0.00% 0.01%
Tax Efficiency - - 34.51%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 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 5.43% 6.24% 6.76% 5.19%
Beta 0.94% 1.06% 1.04% 1.00%
Alpha 0.00% 0.00% 0.00% -0.01%
Rsquared 0.99% 0.94% 0.93% 0.90%
Sharpe 0.12% -0.44% -0.07% 0.15%
Sortino 0.90% -0.67% -0.30% -0.22%
Treynor 0.01% -0.03% 0.00% 0.01%
Tax Efficiency 73.74% - - 34.51%

Fund Details

Start Date November 18, 2009
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $4,824

Fund Codes

FundServ Code Load Code Sales Status
ATL1002
ATL1102
ATL2102

Investment Objectives

To obtain a high level of current income by investing primarily in bonds, debentures, notes, and other debt instruments of Canadian issuers. 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: intends to position the portfolio based primarily on security selection, sector allocation, and average term-to-maturity. Assets are allocated to those securities and sectors of the corporate bond market that are expected to outperform; undertakes a bottom-up analysis of corporate bond issuers combined with top-down analysis of an industry’s potential in a given economic environment.

Portfolio Manager(s)

Name Start Date
Patrick O'Toole 11-20-2009
Jeffrey M. Waldman 11-20-2009

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 1.07%
Management Fee 1.15%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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