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Renaissance Flexible Yield Fund Class A

Multi-Sector Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(05-22-2024)
$8.92
Change
$0.03 (0.29%)

As at April 30, 2024

As at April 30, 2024

Period
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Legend

Renaissance Flexible Yield Fund Class A

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Fund Returns

Inception Return (April 18, 2016): 2.80%

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 1.44% 3.39% 4.97% 6.03% 8.23% 5.24% 3.59% 3.62% 1.81% 2.71% 1.73% 2.94% - -
Benchmark -0.78% 0.31% 5.01% 0.77% 1.87% 3.38% -1.05% -1.94% -0.11% 1.10% 0.58% 1.78% 2.36% 2.93%
Category Average -1.55% 5.93% 5.93% -0.99% 2.58% - - - - - - - - -
Category Rank 4 / 276 7 / 275 201 / 275 4 / 275 12 / 266 14 / 259 9 / 251 25 / 231 47 / 219 19 / 190 40 / 157 25 / 133 - -
Quartile Ranking 1 1 3 1 1 1 1 1 1 1 2 1 - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 0.01% -1.99% 0.02% 3.05% 0.34% 1.70% -0.40% -0.61% 2.56% 1.09% 0.83% 1.44%
Benchmark -1.59% -2.01% 0.30% 1.72% -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67% -0.78%

Best Monthly Return Since Inception

4.06% (February 2018)

Worst Monthly Return Since Inception

-9.10% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - -2.52% 7.54% 1.03% 0.47% 2.27% -2.97% 4.11%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - - - 4 1 4 4 1 1 4
Category Rank - - - 154/ 154 5/ 188 215/ 216 222/ 230 29/ 248 7/ 258 254/ 266

Best Calendar Return (Last 10 years)

7.54% (2018)

Worst Calendar Return (Last 10 years)

-2.97% (2022)

Asset Allocation

Asset Allocation
Name Percent
Mortgages 31.07
Foreign Bonds - Other 22.28
Foreign Corporate Bonds 20.96
Foreign Government Bonds 17.53
Cash and Equivalents 8.10
Other 0.06

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 91.84
Cash and Cash Equivalent 8.10
Other 0.06

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.75
Latin America 1.17
Asia 0.14
Africa and Middle East 0.08
Europe 0.07
Other 0.79

Top Holdings

Top Holdings
Name Percent
United States Treasury 5.00% 31-Aug-2025 11.55
Cash and Cash Equivalents 7.16
United States Treasury 3.13% 15-Aug-2025 4.74
United States Treasury 0.00% 02-May-2024 1.81
Federal Home Loan Mrtg Corp 5.84% 15-Aug-2057 1.43
Federal National Mrtgage Assoc 1.21% 25-Dec-2030 1.18
Federal Home Loan Mrtg Corp 5.89% 25-Jan-2050 1.00
Firstkey Homes Trust 3.24% 19-Aug-2038 0.98
CONNECTICUT AVENUE SECURITIES TRUST 2024-R02 7.83% 25-Feb-2044 0.95
Connecticut Avenue Securities 7.12% 25-Jan-2044 0.73

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Renaissance Flexible Yield Fund Class A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 5.59% 6.84% -
Beta 0.37% 0.45% -
Alpha 0.04% 0.02% -
Rsquared 0.20% 0.17% -
Sharpe 0.17% 0.01% -
Sortino 0.17% -0.17% -
Treynor 0.03% 0.00% -
Tax Efficiency 49.02% - -
Volatility Volatility rating is 2 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 4.89% 5.59% 6.84% -
Beta 0.28% 0.37% 0.45% -
Alpha 0.07% 0.04% 0.02% -
Rsquared 0.11% 0.20% 0.17% -
Sharpe 0.66% 0.17% 0.01% -
Sortino 2.01% 0.17% -0.17% -
Treynor 0.11% 0.03% 0.00% -
Tax Efficiency 73.62% 49.02% - -

Fund Details

Start Date April 18, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,127

Fund Codes

FundServ Code Load Code Sales Status
ATL3694
ATL3695
ATL3696

Investment Objectives

The Fund seeks to generate long-term total return and current income by investing primarily in high yielding debt and investment grade fixed income securities of issuers located anywhere in 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: employs a total return approach to buying debt securities with higher yields; uses a top-down and relative value process to allocate across country, currency, and sector allocations, as well as active management in interest rate decisions. The portfolio sub-advisor can be highly tactical in these allocations; seeks diversified sources of yield across the debt securities spectrum including, for example: U.S. Government securities.

Portfolio Manager(s)

Name Start Date
DoubleLine Capital LP 12-16-2020
CIBC Asset Management Inc. 08-09-2021

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 1.41%
Management Fee 1.20%
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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