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Renaissance Real Return Bond Fund Class A

Cdn Infl Protect Fix Inc

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-18-2024)
$9.48
Change
-$0.02 (-0.26%)

As at June 30, 2024

As at June 30, 2024

Period
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Legend

Renaissance Real Return Bond Fund Class A

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Fund Returns

Inception Return (June 02, 2003): 2.47%

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 1.38% 0.62% -1.43% -1.43% -0.13% 0.73% -3.73% -2.29% -0.93% -0.21% 0.12% -0.34% 0.05% 0.26%
Benchmark 2.37% 1.33% 0.35% 0.35% 1.42% 2.58% -2.88% -1.85% -0.33% 0.53% 1.08% 0.52% 1.04% 1.47%
Category Average 1.51% -1.77% -1.77% -1.77% -0.11% 1.12% -4.01% -2.82% -1.46% -0.62% -0.14% -0.60% -0.18% 0.21%
Category Rank 14 / 16 15 / 16 14 / 16 14 / 16 14 / 16 15 / 16 12 / 16 12 / 16 12 / 16 12 / 16 13 / 16 12 / 15 10 / 13 11 / 13
Quartile Ranking 4 4 4 4 4 4 3 3 3 3 4 4 4 4

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund -2.28% -1.37% -3.91% -0.31% 6.00% 3.54% -2.40% -0.61% 1.00% -3.31% 2.65% 1.38%
Benchmark -2.85% -1.55% -3.46% -0.65% 6.93% 3.01% -2.51% -0.18% 1.77% -3.19% 2.25% 2.37%

Best Monthly Return Since Inception

7.44% (March 2009)

Worst Monthly Return Since Inception

-7.12% (September 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 9.95% -0.22% 1.54% 0.26% -1.99% 6.60% 11.01% 1.82% -14.82% 1.26%
Benchmark 13.58% 2.58% 2.74% 0.43% -0.19% 8.25% 12.94% 1.26% -13.90% 0.13%
Category Average 10.67% 1.15% 1.17% -0.45% -1.44% 6.54% 11.48% 0.70% -15.31% 0.82%
Quartile Ranking 4 4 3 3 4 3 4 2 4 2
Category Rank 12/ 12 13/ 13 10/ 14 10/ 15 16/ 16 12/ 16 13/ 16 6/ 16 14/ 16 8/ 16

Best Calendar Return (Last 10 years)

11.01% (2020)

Worst Calendar Return (Last 10 years)

-14.82% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 50.54
Foreign Government Bonds 27.14
Cash and Equivalents 17.26
Canadian Corporate Bonds 5.07
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 82.75
Cash and Cash Equivalent 17.25

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
United States Treasury 0.13% 15-Apr-2027 16.72
REAL RETURN BOND PRINCIPAL 13.37
United States Treasury 2.50% 15-Jan-2029 10.42
Canada Government 2.00% 01-Dec-2051 8.59
Canada Government 1.25% 01-Dec-2047 8.06
Canada Government 2.00% 01-Dec-2041 7.80
Canada Government 4.00% 01-Jun-2041 5.28
Teranet Holdings LP 3.27% 01-Dec-2031 5.07
Canada Government 0.50% 01-Dec-2050 4.86
Canada Government 1.75% 01-Dec-2053 4.83

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: L. Average Credit Quality: H.
Period: 

Risk vs Return (3 Yr)

Renaissance Real Return Bond Fund Class A

Median

Other - Cdn Infl Protect Fix Inc

3 Yr Annualized

Standard Deviation 10.12% 9.05% 7.46%
Beta 0.91% 0.88% 0.85%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.96% 0.96% 0.95%
Sharpe -0.62% -0.29% -0.13%
Sortino -0.82% -0.52% -0.45%
Treynor -0.07% -0.03% -0.01%
Tax Efficiency - - -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.34% 10.12% 9.05% 7.46%
Beta 0.93% 0.91% 0.88% 0.85%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.97% 0.96% 0.96% 0.95%
Sharpe -0.44% -0.62% -0.29% -0.13%
Sortino -0.39% -0.82% -0.52% -0.45%
Treynor -0.05% -0.07% -0.03% -0.01%
Tax Efficiency - - - -

Fund Details

Start Date June 02, 2003
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $121

Fund Codes

FundServ Code Load Code Sales Status
ATL251
ATL267
ATL291

Investment Objectives

To generate a regular level of interest income that is hedged against inflation by investing primarily in government, government-guaranteed, and corporate inflation-linked bonds from issuers located around the world. 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 primarily in real return bonds and inflation-linked bonds issued by Canadian and foreign governments and corporations; may invest in securities of foreign issuers to an extent that will vary from time to time but is not generally expected to exceed 30% of the Fund’s NAV; employs various maturities to manage interest-rate risk.

Portfolio Manager(s)

Name Start Date
John W. Braive 12-16-2020
Patrick O'Toole 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 1.07%
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) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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