Join Fund Library now and get free access to personalized features to help you manage your investments.

Add to My Watchlist

Global Corp Fixed Income

NAVPS
(04-15-2024)
$9.00
Change
-$0.07 (-0.74%)

As at March 31, 2024

As at March 31, 2024

Period
Loading...

Legend

Renaissance U.S. Dollar Corporate Bond Fund Class A

Compare Options


Fund Returns

Inception Return (September 16, 2013): 2.31%

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 1.35% -0.03% -1.83% 0.21% 5.77% -0.57% -1.95% 0.83% 1.24% 1.50% 1.58% 2.05% 1.66% 1.91%
Benchmark 1.10% -0.72% 7.87% -0.72% 5.14% -1.05% -2.79% 0.66% 0.74% 0.84% 1.64% 1.59% 1.65% 1.40%
Category Average 0.99% 7.07% 7.07% 0.83% 5.91% 1.22% -0.24% 2.52% 1.83% 2.01% - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.70% -1.35% 0.70% 0.62% -0.26% -2.46% -1.83% 5.24% 4.32% -0.03% -1.09% 1.35%
Benchmark 1.24% -1.89% 0.77% 0.99% -0.99% -2.62% -1.24% 5.64% 4.14% -0.47% -1.34% 1.10%

Best Monthly Return Since Inception

5.24% (November 2023)

Worst Monthly Return Since Inception

-6.86% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 5.35% -3.33% 7.77% 5.67% -4.15% 12.92% 9.41% -0.86% -16.11% 8.65%
Benchmark 3.15% -3.77% 4.27% 9.26% -3.48% 11.44% 10.33% -2.95% -16.69% 9.48%
Category Average - - - - - 9.03% 6.89% 0.56% -10.54% 7.62%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

12.92% (2019)

Worst Calendar Return (Last 10 years)

-16.11% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 83.93
Foreign Government Bonds 8.84
Cash and Equivalents 6.21
US Equity 0.56
Canadian Corporate Bonds 0.33
Other 0.13

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.24
Cash and Cash Equivalent 6.21
Financial Services 0.56
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.98
Latin America 0.79
Europe 0.65
Africa and Middle East 0.50
Other 0.08

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.38% 15-Aug-2043 2.07
United States Treasury 4.25% 15-Feb-2054 2.05
Cash and Cash Equivalents 1.77
United States Treasury 4.50% 15-Feb-2044 1.01
Goldman Sachs Group Inc 2.38% 21-Jul-2031 0.87
Time Warner Cable LLC 6.55% 01-May-2037 0.84
Goldman Sachs Group Inc 3.27% 29-Sep-2024 0.82
Oracle Corp 3.60% 01-Oct-2039 0.81
Bank of America Corp 3.37% 23-Jan-2025 0.81
Sprint Spectrum Co LLC 5.15% 20-Sep-2029 0.71

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Renaissance U.S. Dollar Corporate Bond Fund Class A

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 8.60% 8.24% 6.41%
Beta 0.88% 0.86% 0.40%
Alpha -0.02% 0.01% 0.01%
Rsquared 0.54% 0.49% 0.20%
Sharpe -0.49% -0.04% 0.11%
Sortino -0.69% -0.23% -0.19%
Treynor -0.05% 0.00% 0.02%
Tax Efficiency - 6.23% -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.02% 8.60% 8.24% 6.41%
Beta 0.82% 0.88% 0.86% 0.40%
Alpha 0.02% -0.02% 0.01% 0.01%
Rsquared 0.37% 0.54% 0.49% 0.20%
Sharpe 0.15% -0.49% -0.04% 0.11%
Sortino 0.72% -0.69% -0.23% -0.19%
Treynor 0.01% -0.05% 0.00% 0.02%
Tax Efficiency 79.01% - 6.23% -

Fund Details

Start Date September 16, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency USD
Distribution Frequency Monthly
Assets ($mil) $271

Fund Codes

FundServ Code Load Code Sales Status
ATL2472
ATL2473
ATL2474

Investment Objectives

To obtain a high level of current income by investing primarily in bonds, debentures, notes, and other debt instruments of issuers located in the United States.

Investment Strategy

To achieve its investment objectives, the Fund: intends to position the portfolio based primarily on security selection, sector allocation, and average term-to-maturity. Assets are allocated to those instruments and sectors of the corporate bond market that are expected to outperform; undertakes a bottom-up analysis of corporate bond issuers combined with top-down analysis of an industry’s potential in a given economic environment.

Portfolio Manager(s)

Name Start Date
Andrew Kronschnabel 09-16-2013
Timothy Rabe 09-16-2013
CIBC Asset Management Inc. 09-16-2013

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

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 1.29%
Management Fee 1.25%
Load Front Fee Only
FE Max 0.00%
DSC Max -
LL Max 0.00%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

Join Fund Library now and get free access to personalized features to help you manage your investments.