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Renaissance Diversified Income Fund Class A

Canadian Equity Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(10-10-2024)
$9.59
Change
$0.03 (0.32%)

As at September 30, 2024

As at August 31, 2024

As at July 31, 2024

Period
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Legend

Renaissance Diversified Income Fund Class A

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Fund Returns

Inception Return (February 03, 2003): 6.35%

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 3.10% 9.75% 9.53% 15.48% 24.17% 12.17% 6.97% 10.80% 8.12% 7.16% 6.20% 5.95% 6.29% 4.95%
Benchmark 2.82% 9.03% 8.88% 13.90% 23.19% 14.68% 7.16% 10.09% 8.46% 8.37% 7.86% 7.63% 8.13% 6.74%
Category Average 2.13% 6.35% 6.35% 11.15% 19.44% 12.85% 5.71% 8.44% 6.74% 6.31% 5.96% 5.85% 6.24% 5.32%
Category Rank 18 / 373 24 / 372 22 / 370 17 / 369 29 / 369 258 / 367 122 / 359 61 / 355 84 / 329 114 / 316 167 / 296 172 / 271 163 / 253 204 / 247
Quartile Ranking 1 1 1 1 1 3 2 1 2 2 3 3 3 4

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -3.45% 6.79% 4.30% -0.06% 1.87% 3.56% -2.23% 3.56% -1.43% 5.32% 1.07% 3.10%
Benchmark -2.30% 6.66% 3.79% 0.07% 1.27% 3.22% -1.85% 2.08% -0.32% 4.94% 1.05% 2.82%

Best Monthly Return Since Inception

9.67% (November 2005)

Worst Monthly Return Since Inception

-15.04% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.67% -4.69% 11.96% 3.66% -10.82% 15.57% 3.66% 20.88% -5.81% 6.44%
Benchmark 10.25% -5.39% 15.95% 7.50% -6.34% 18.83% 6.85% 17.62% -7.12% 10.48%
Category Average 8.24% -2.09% 10.63% 6.12% -6.63% 14.36% 4.77% 15.38% -7.74% 9.70%
Quartile Ranking 4 4 2 4 4 2 3 1 2 4
Category Rank 196/ 225 200/ 251 100/ 260 241/ 272 285/ 301 150/ 321 214/ 329 55/ 355 131/ 363 345/ 367

Best Calendar Return (Last 10 years)

20.88% (2021)

Worst Calendar Return (Last 10 years)

-10.82% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 81.80
Canadian Government Bonds 4.68
Income Trust Units 4.65
Canadian Corporate Bonds 4.13
US Equity 2.26
Other 2.48

Sector Allocation

Sector Allocation
Name Percent
Financial Services 38.80
Energy 18.05
Fixed Income 9.00
Basic Materials 7.74
Industrial Services 7.69
Other 18.72

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.63
Latin America 3.85
Europe 0.52

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 7.89
Enbridge Inc 4.91
Canadian Natural Resources Ltd 4.46
Manulife Financial Corp 4.14
Toronto-Dominion Bank 3.28
Canadian Imperial Bank of Commerce 3.23
Fairfax Financial Holdings Ltd 3.22
Canadian Pacific Kansas City Ltd 2.94
Agnico Eagle Mines Ltd 2.78
Element Fleet Management Corp 2.76

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 Diversified Income Fund Class A

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 13.03% 13.94% 11.00%
Beta 1.11% 1.07% 1.05%
Alpha -0.01% -0.01% -0.02%
Rsquared 0.94% 0.95% 0.94%
Sharpe 0.32% 0.47% 0.35%
Sortino 0.51% 0.57% 0.31%
Treynor 0.04% 0.06% 0.04%
Tax Efficiency 61.19% 66.17% 45.68%
Volatility Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.93% 13.03% 13.94% 11.00%
Beta 1.16% 1.11% 1.07% 1.05%
Alpha -0.02% -0.01% -0.01% -0.02%
Rsquared 0.96% 0.94% 0.95% 0.94%
Sharpe 1.62% 0.32% 0.47% 0.35%
Sortino 4.06% 0.51% 0.57% 0.31%
Treynor 0.15% 0.04% 0.06% 0.04%
Tax Efficiency 87.62% 61.19% 66.17% 45.68%

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 February 03, 2003
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $31

Fund Codes

FundServ Code Load Code Sales Status
ATL204
ATL247
ATL271

Investment Objectives

The investment objective of the Fund is to generate a high level of current cash flow by investing primarily in income producing securities, including income trusts, preferred shares, common shares, and fixed income securities. 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: invests in the securities, which can provide a long-term consistent income stream and capital growth; uses a bottom-up, growth at a reasonable price approach to investing; uses a mix of quantitative and fundamental analysis to identify undervalued securities; attempts to hold a well-diversified portfolio of high quality companies that generally pay dividends.

Portfolio Manager(s)

Name Start Date
Suzann Pennington 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 2.11%
Management Fee 1.90%
Load Choice of Front or No Load
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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