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Renaissance Global Health Care Fund Class A

Sector Equity

Fundata ESG GradeA Click for more information on Fundata’s ESG Grade

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-17-2024)
$44.41
Change
-$0.42 (-0.94%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Renaissance Global Health Care Fund Class A

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Fund Returns

Inception Return (November 02, 1996): 11.09%

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 1.54% 5.99% 6.93% 5.99% 4.28% 2.11% 2.50% 5.12% 4.28% 5.55% 4.67% 5.45% 4.13% 7.45%
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 1.75% 21.53% 21.53% 10.46% 26.42% 7.93% 5.18% 15.21% 11.07% 11.30% 11.63% 12.17% 10.44% 11.78%
Category Rank 126 / 198 156 / 197 173 / 193 156 / 197 150 / 177 126 / 159 104 / 144 122 / 138 110 / 127 100 / 119 87 / 94 86 / 94 77 / 87 64 / 76
Quartile Ranking 3 4 4 4 4 4 3 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 3.82% -3.15% -0.25% 0.97% -0.34% -3.38% -6.21% 4.46% 2.97% 2.67% 1.66% 1.54%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

19.43% (February 2000)

Worst Monthly Return Since Inception

-11.14% (February 2009)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 34.34% 31.13% -13.43% 5.31% 6.67% 16.38% 9.15% 8.24% -6.70% -2.51%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 17.30% 16.21% -0.43% 20.39% 1.55% 22.37% 29.99% 15.34% -25.24% 26.53%
Quartile Ranking 1 1 4 4 1 3 4 3 2 4
Category Rank 7/ 76 11/ 87 78/ 94 91/ 94 26/ 114 92/ 125 110/ 135 103/ 140 41/ 157 147/ 168

Best Calendar Return (Last 10 years)

34.34% (2014)

Worst Calendar Return (Last 10 years)

-13.43% (2016)

Asset Allocation

Asset Allocation
Name Percent
US Equity 50.94
International Equity 47.87
Cash and Equivalents 1.19

Sector Allocation

Sector Allocation
Name Percent
Healthcare 98.80
Cash and Cash Equivalent 1.20

Geographic Allocation

Geographic Allocation
Name Percent
North America 52.13
Europe 43.76
Asia 4.11

Top Holdings

Top Holdings
Name Percent
Roche Holding AG - Partcptn 6.97
Novartis AG Cl N 6.62
Thermo Fisher Scientific Inc 6.47
Medtronic PLC 6.46
IQVIA Holdings Inc 5.94
UnitedHealth Group Inc 5.72
CVS Health Corp 5.45
Johnson & Johnson 5.15
Amgen Inc 5.13
Sanofi SA 4.85

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Renaissance Global Health Care Fund Class A

Median

Other - Sector Equity

3 Yr Annualized

Standard Deviation 11.90% 12.24% 13.73%
Beta 0.51% 0.42% 0.40%
Alpha -0.02% 0.00% 0.05%
Rsquared 0.33% 0.28% 0.13%
Sharpe 0.05% 0.25% 0.49%
Sortino 0.02% 0.24% 0.58%
Treynor 0.01% 0.07% 0.17%
Tax Efficiency 24.26% 68.70% 86.48%
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 11.19% 11.90% 12.24% 13.73%
Beta 0.74% 0.51% 0.42% 0.40%
Alpha -0.05% -0.02% 0.00% 0.05%
Rsquared 0.71% 0.33% 0.28% 0.13%
Sharpe 0.00% 0.05% 0.25% 0.49%
Sortino 0.22% 0.02% 0.24% 0.58%
Treynor 0.00% 0.01% 0.07% 0.17%
Tax Efficiency 51.14% 24.26% 68.70% 86.48%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date November 02, 1996
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $716

Fund Codes

FundServ Code Load Code Sales Status
ATL1161
ATL1162
ATL2162

Investment Objectives

To obtain long-term capital appreciation by investing primarily in U.S. companies and global companies with U.S. operations or exposure to U.S. markets or whose securities are traded on a U.S. exchange, which are engaged in the design, development, manufacturing, and distribution of products or services in the health care sectors. The Fund will invest in a diversified portfolio, which will mainly include securities in the medical technology, biotechnology, health care, and pharmaceutical sectors

Investment Strategy

To achieve its investment objectives, the Fund: within each sub-sector of health care, identify attractive investment opportunities through bottom-up stock selection that is driven by the fundamental understanding of the science and technology behind a prospective company’s products and services; may invest in U.S. companies; may invest in companies from around the world (global companies), that may be listed on U.S. exchanges or other major exchanges around the world.

Portfolio Manager(s)

Name Start Date
Michal Marszal 08-28-2023

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 2.51%
Management Fee 2.10%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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