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Renaissance U.S. Dollar Corporate Bond Fund Class A

Global Corp Fixed Income

NAVPS
(07-18-2024)
$9.30
Change
-$0.02 (-0.21%)

As at June 30, 2024

As at June 30, 2024

Period
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Renaissance U.S. Dollar Corporate Bond Fund Class A

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Fund Returns

Inception Return (September 16, 2013): 2.27%

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 0.86% 0.13% 0.35% 0.35% 5.87% 3.80% -2.96% -1.15% 0.56% 1.69% 1.29% 1.58% 1.99% 1.64%
Benchmark 0.33% -0.07% -0.79% -0.79% 4.96% 3.43% -3.68% -1.43% -0.04% 1.23% 1.13% 1.31% 1.80% 1.11%
Category Average 0.73% 1.54% 1.54% 1.54% 6.44% 4.52% -0.65% 0.79% 1.47% 2.19% - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.62% -0.26% -2.46% -1.83% 5.24% 4.32% -0.03% -1.09% 1.35% -2.26% 1.58% 0.86%
Benchmark 0.99% -0.99% -2.62% -1.24% 5.64% 4.14% -0.47% -1.34% 1.10% -2.20% 1.84% 0.33%

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 85.44
Cash and Equivalents 7.32
Foreign Government Bonds 6.52
US Equity 0.57
Canadian Government Bonds 0.15

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.11
Cash and Cash Equivalent 7.32
Financial Services 0.57

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.63
Europe 0.70
Asia 0.31
Africa and Middle East 0.26
Latin America 0.11
Other -0.01

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 1.79
United States Treasury 4.25% 15-Feb-2054 1.64
United States Treasury 4.63% 15-May-2054 1.62
United States Treasury 4.63% 15-May-2044 1.54
Goldman Sachs Group Inc 2.38% 21-Jul-2031 0.89
Time Warner Cable LLC 6.55% 01-May-2037 0.83
Goldman Sachs Group Inc 3.27% 29-Sep-2024 0.83
Oracle Corp 3.60% 01-Oct-2039 0.79
Sprint Spectrum Co LLC 5.15% 20-Sep-2029 0.66
CVS Health Corp 5.05% 25-Sep-2047 0.64

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 8.66% 8.28% 6.46%
Beta 0.93% 0.88% 0.41%
Alpha -0.02% 0.00% 0.00%
Rsquared 0.56% 0.51% 0.21%
Sharpe -0.65% -0.14% 0.06%
Sortino -0.83% -0.33% -0.24%
Treynor -0.06% -0.01% 0.01%
Tax Efficiency - - -
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 8.38% 8.66% 8.28% 6.46%
Beta 1.21% 0.93% 0.88% 0.41%
Alpha -0.04% -0.02% 0.00% 0.00%
Rsquared 0.50% 0.56% 0.51% 0.21%
Sharpe 0.14% -0.65% -0.14% 0.06%
Sortino 0.68% -0.83% -0.33% -0.24%
Treynor 0.01% -0.06% -0.01% 0.01%
Tax Efficiency 79.11% - - -

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) $266

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. 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: 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 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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