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Tactical Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-15-2024)
$11.68
Change
-$0.06 (-0.48%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Renaissance Optimal Inflation Opportunities Portfolio Class A

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Fund Returns

Inception Return (September 29, 2011): 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 2.50% -0.71% 0.82% 2.56% 2.16% 0.87% 1.02% 4.34% 2.84% 2.02% 2.35% 2.54% 1.42% 2.42%
Benchmark 1.80% 5.77% 13.57% 5.77% 12.38% 6.05% 3.87% 6.63% 5.64% 5.56% 5.88% 6.44% 5.97% 7.01%
Category Average 1.99% 11.45% 11.45% 4.38% 9.40% 2.80% 3.17% 7.29% 4.50% 4.05% 3.79% 4.45% 3.50% 3.87%
Category Rank 69 / 358 248 / 358 311 / 358 248 / 358 337 / 356 277 / 356 294 / 342 286 / 334 252 / 317 265 / 299 236 / 274 217 / 242 165 / 179 120 / 129
Quartile Ranking 1 3 4 3 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 -0.01% -1.87% -0.54% 1.10% -1.23% -2.07% 0.82% 2.74% 0.78% -0.71% 0.77% 2.50%
Benchmark 1.29% -1.31% 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80%

Best Monthly Return Since Inception

9.19% (January 2015)

Worst Monthly Return Since Inception

-5.65% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 3.64% 1.75% 2.49% 4.44% -2.53% 6.74% 9.22% 0.22% -2.82% 1.47%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 6.78% 0.31% 5.78% 6.18% -5.55% 12.58% 5.65% 9.53% -9.83% 8.35%
Quartile Ranking 4 3 4 3 2 4 1 4 1 4
Category Rank 124/ 126 107/ 166 176/ 210 197/ 274 103/ 296 300/ 312 70/ 332 312/ 336 20/ 355 345/ 356

Best Calendar Return (Last 10 years)

9.22% (2020)

Worst Calendar Return (Last 10 years)

-2.82% (2022)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 38.98
Foreign Government Bonds 23.76
Canadian Government Bonds 12.26
Commodities 9.86
International Equity 7.65
Other 7.49

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 38.98
Fixed Income 37.71
Exchange Traded Fund 9.86
Basic Materials 4.38
Utilities 2.35
Other 6.72

Geographic Allocation

Geographic Allocation
Name Percent
North America 64.81
Multi-National 9.86
Africa and Middle East 8.52
Latin America 7.41
Asia 5.77
Other 3.63

Top Holdings

Top Holdings
Name Percent
Renaissance Money Market Fund Class O 26.55
Renaissance Real Return Bond Fund Class O 23.07
SPDR Gold Shares ETF (GLD) 9.86
iShares JPMorgan USD EM Bond ETF (EMB) 7.17
Cash and Cash Equivalents 6.77
South Africa Government 8.00% 31-Jan-2030 5.91
Brazil Government 10.00% 01-Jan-2027 4.67
Renaissance China Plus Fund Class O 4.65
CIBC Precious Metals Fund Class O 4.43
Renaissance Global Infrastructure Fund Class O 4.27

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 Inflation Opportunities Portfolio Class A

Median

Other - Tactical Balanced

3 Yr Annualized

Standard Deviation 5.51% 6.53% 6.26%
Beta 0.46% 0.61% 0.59%
Alpha -0.01% -0.01% -0.02%
Rsquared 0.57% 0.58% 0.53%
Sharpe -0.26% 0.17% 0.19%
Sortino -0.46% 0.00% -0.10%
Treynor -0.03% 0.02% 0.02%
Tax Efficiency 4.76% 71.32% 68.94%
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 2 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 5.38% 5.51% 6.53% 6.26%
Beta 0.60% 0.46% 0.61% 0.59%
Alpha -0.05% -0.01% -0.01% -0.02%
Rsquared 0.69% 0.57% 0.58% 0.53%
Sharpe -0.46% -0.26% 0.17% 0.19%
Sortino -0.20% -0.46% 0.00% -0.10%
Treynor -0.04% -0.03% 0.02% 0.02%
Tax Efficiency 100.00% 4.76% 71.32% 68.94%

Fund Details

Start Date September 29, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $12

Fund Codes

FundServ Code Load Code Sales Status
ATL2452
ATL2453
ATL2454

Investment Objectives

To seek long-term capital appreciation by investing primarily in units of global and/or Canadian mutual funds and securities (including equity securities, fixed income securities, and permitted commodities), which are expected to benefit from or to provide a hedge against inflation.

Investment Strategy

To achieve its investment objectives, the Fund: may invest between 60% to 100% of its net assets in units of global and/or Canadian mutual funds which may be managed by us or our affiliates (the Underlying Funds). Investments in Underlying Funds may change from time to time and the Portfolio Advisor may add or remove Underlying Funds; invests in asset classes that have historically performed well in an inflationary environment.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 09-26-2011

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 2.21%
Management Fee 2.00%
Load Front Fee Only
FE Max 1.00%
DSC Max -
LL Max 1.00%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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