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Renaissance Corporate Bond Fund Class A
Cdn Corp Fixed Income
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FundGrade B
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FundGrade A+® Rating Recipient
2017, 2014, 2013
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|
NAVPS (06-30-2026) |
$9.33 |
|---|---|
| Change |
$0.00
(0.01%)
|
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (November 18, 2009): 3.21%
| 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 | 1.15% | -0.16% | 1.04% | 1.58% | 4.54% | 6.27% | 6.14% | 5.11% | 2.14% | 2.68% | 2.50% | 2.84% | 2.41% | 2.79% |
| Benchmark | 1.29% | -0.09% | 1.32% | 1.96% | 4.36% | 6.56% | 6.34% | 5.22% | 2.48% | 2.53% | 2.77% | 3.24% | 2.86% | 3.06% |
| Category Average | 1.08% | -0.20% | 0.94% | 1.44% | 3.89% | 6.02% | 5.83% | 4.69% | 1.83% | 2.13% | 2.30% | 2.63% | - | - |
| Category Rank | 71 / 153 | 78 / 144 | 77 / 144 | 64 / 144 | 54 / 131 | 60 / 121 | 62 / 112 | 58 / 103 | 69 / 100 | 45 / 89 | 59 / 86 | 55 / 83 | 51 / 78 | 44 / 74 |
| Quartile Ranking | 2 | 3 | 3 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.55% | 0.05% | 0.62% | 1.43% | 0.54% | 0.23% | -0.52% | 0.72% | 1.01% | -1.69% | 0.40% | 1.15% |
| Benchmark | 0.27% | 0.04% | 0.18% | 1.54% | 0.68% | 0.27% | -0.63% | 0.89% | 1.16% | -1.77% | 0.41% | 1.29% |
Best Monthly Return Since Inception
4.09% (April 2020)
Worst Monthly Return Since Inception
-8.08% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 5.10% | 3.07% | -0.54% | 8.14% | 6.42% | -0.45% | -10.81% | 8.03% | 6.86% | 4.93% |
| Benchmark | 3.59% | 3.48% | 0.96% | 8.01% | 8.57% | -1.32% | -10.12% | 8.32% | 7.09% | 4.33% |
| Category Average | - | - | - | 7.34% | 7.62% | -1.82% | -10.25% | 7.57% | 6.68% | 4.15% |
| Quartile Ranking | 1 | 2 | 3 | 2 | 4 | 2 | 4 | 2 | 3 | 2 |
| Category Rank | 10/ 70 | 35/ 76 | 50/ 78 | 27/ 85 | 73/ 86 | 30/ 92 | 77/ 101 | 43/ 108 | 68/ 112 | 43/ 122 |
Best Calendar Return (Last 10 years)
8.14% (2019)
Worst Calendar Return (Last 10 years)
-10.81% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 70.58 |
| Foreign Corporate Bonds | 15.75 |
| Canadian Government Bonds | 10.01 |
| Mortgages | 1.87 |
| Cash and Equivalents | 0.99 |
| Other | 0.80 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 99.01 |
| Cash and Cash Equivalent | 0.99 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.76 |
| Europe | 1.16 |
| Asia | 0.06 |
| Latin America | 0.03 |
| Other | -0.01 |
Top Holdings
| Name | Percent |
|---|---|
| Hydro-Quebec 6.00% 15-Feb-2040 | 3.79 |
| Hydro-Quebec 5.00% 15-Feb-2045 | 2.83 |
| Enbridge Inc 5.38% 27-Sep-2027 | 1.81 |
| TransCanada Trust 4.65% 18-May-2027 | 1.78 |
| Transcanada Pipelines Ltd 8.05% 17-Feb-2039 | 1.65 |
| Government Nationl Mrtg Assc 2 5.50% 20-May-2054 | 1.49 |
| Choice Properties REIT 6.00% 24-Jun-2032 | 1.48 |
| GA GLOBAL FUNDING TRUST 4.86% 22-Jul-2033 | 1.35 |
| Teranet Holdings LP 5.75% 17-Dec-2040 | 1.34 |
| Brookfield Infra Finance ULC 5.98% 14-Nov-2032 | 1.28 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Renaissance Corporate Bond Fund Class A
Median
Other - Cdn Corp Fixed Income
3 Yr Annualized
| Standard Deviation | 3.82% | 5.26% | 5.20% |
|---|---|---|---|
| Beta | 0.93 | 1.03 | 1.00 |
| Alpha | 0.00 | 0.00 | 0.00 |
| Rsquared | 0.98% | 0.95% | 0.92% |
| Sharpe | 0.65 | -0.12 | 0.19 |
| Sortino | 1.49 | -0.19 | -0.03 |
| Treynor | 0.03 | -0.01 | 0.01 |
| Tax Efficiency | 77.35% | 34.64% | 53.01% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.87% | 3.82% | 5.26% | 5.20% |
| Beta | 0.90 | 0.93 | 1.03 | 1.00 |
| Alpha | 0.01 | 0.00 | 0.00 | 0.00 |
| Rsquared | 0.96% | 0.98% | 0.95% | 0.92% |
| Sharpe | 0.74 | 0.65 | -0.12 | 0.19 |
| Sortino | 0.71 | 1.49 | -0.19 | -0.03 |
| Treynor | 0.02 | 0.03 | -0.01 | 0.01 |
| Tax Efficiency | 69.46% | 77.35% | 34.64% | 53.01% |
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) | $5,713 |
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 Management
| Portfolio Manager |
CIBC Asset Management Inc.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
CIBC Asset Management Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
CIBC Asset Management Inc. |
| Distributor |
- |
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 | 1.06% |
|---|---|
| Management Fee | 1.15% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.75% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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