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Renaissance Money Market Fund Class A

Canadian Money Market

NAVPS
(12-13-2024)
$10.00
Change
$0.00 (0.01%)

As at November 30, 2024

As at November 30, 2024

Period
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Legend

Renaissance Money Market Fund Class A

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Fund Returns

Inception Return (January 02, 1987): 3.43%

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 0.30% 0.99% 2.11% 4.19% 4.59% 4.63% 3.55% 2.67% 2.25% 2.10% 1.95% 1.76% 1.59% 1.47%
Benchmark 0.29% 0.96% 2.11% 4.18% 4.60% 4.62% 3.61% 2.72% 2.31% 2.20% 2.07% 1.89% 1.73% 1.62%
Category Average 0.26% 0.87% 1.90% 3.75% 4.13% 4.05% 2.98% 2.19% 1.86% 1.75% 1.59% 1.43% 1.29% 1.17%
Category Rank 117 / 277 123 / 276 117 / 267 105 / 264 113 / 264 87 / 241 75 / 230 73 / 227 67 / 214 65 / 198 64 / 184 63 / 178 60 / 170 60 / 165
Quartile Ranking 2 2 2 2 2 2 2 2 2 2 2 2 2 2

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 0.39% 0.44% 0.38% 0.37% 0.43% 0.40% 0.35% 0.40% 0.35% 0.35% 0.34% 0.30%
Benchmark 0.41% 0.40% 0.40% 0.40% 0.41% 0.40% 0.39% 0.38% 0.36% 0.34% 0.33% 0.29%

Best Monthly Return Since Inception

1.26% (June 1990)

Worst Monthly Return Since Inception

0.01% (October 2015)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.65% 0.32% 0.24% 0.48% 1.11% 1.34% 0.50% 0.10% 1.75% 4.72%
Benchmark 0.91% 0.55% 0.50% 0.65% 1.34% 1.66% 0.56% 0.11% 1.95% 4.71%
Category Average 0.30% 0.02% 0.24% 0.35% 0.69% 1.20% 0.45% -0.11% 1.13% 4.06%
Quartile Ranking 2 2 2 2 2 3 2 2 2 2
Category Rank 65/ 158 82/ 165 85/ 170 76/ 178 91/ 185 112/ 201 105/ 214 100/ 227 78/ 231 87/ 241

Best Calendar Return (Last 10 years)

4.72% (2023)

Worst Calendar Return (Last 10 years)

0.10% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 100.00

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 100.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Sumitomo Mitsui Banking Corp 21-Jan-2025 5.69
North West Redwater Partnershp 07-Jan-2025 5.37
Inter Pipeline Corridor Inc 03-Dec-2024 4.04
Reliant Trust 05-Dec-2024 4.04
Inter Pipeline Corridor Inc 19-Dec-2024 4.03
Zeus Receivables Trust 12-Feb-2025 4.00
Pure Grove Funding 29-Apr-2025 3.98
Central 1 Credit Union 19-Dec-2024 3.36
Reliant Trust 24-Feb-2025 3.33
Corp BNP Paribas Canada 22-Apr-2025 3.32

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Renaissance Money Market Fund Class A

Median

Other - Canadian Money Market

3 Yr Annualized

Standard Deviation 0.49% 0.59% 0.48%
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino 1.44% -1.38% -2.48%
Treynor - - -
Tax Efficiency - - -
Volatility Volatility rating is 1 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 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 0.14% 0.49% 0.59% 0.48%
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - 1.44% -1.38% -2.48%
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date January 02, 1987
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $74

Fund Codes

FundServ Code Load Code Sales Status
ATL1025
ATL1125
ATL2125

Investment Objectives

To obtain a high level of income consistent with preservation of capital and liquidity by investing primarily in high quality, short-term debt securities issued or guaranteed by the Government of Canada or any Canadian provincial government, obligations of Canadian banks, trust companies, and corporations. 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: adjusts its term-to-maturity to reflect the Portfolio Advisor’s outlook for interest rates (short average term if rates are expected to rise and long average term if rates are expected to fall); adjusts the allocation of assets by credit quality to reflect the Portfolio Advisor’s view of the attractiveness of non-Government of Canada treasury bills versus Government of Canada treasury bills.

Portfolio Manager(s)

Name Start Date
Stephanie Lessard 12-16-2020
Steven Dubrovsky 12-16-2020

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 0.43%
Management Fee 0.75%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.25%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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