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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
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|
NAVPS (07-25-2024) |
$6.35 |
|---|---|
| Change |
$0.00
(-0.03%)
|
As at June 30, 2024
As at June 30, 2024
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Inception Return (September 23, 1994): 4.65%
| 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 | 0.72% | 0.80% | 1.91% | 1.91% | 7.77% | 6.98% | -0.36% | 2.26% | 1.02% | 1.84% | 1.58% | 2.64% | 2.25% | 2.01% |
| Benchmark | 1.79% | 2.35% | 6.59% | 6.59% | 14.42% | 13.47% | 3.38% | 3.80% | 3.77% | 4.27% | 4.15% | 5.14% | 5.27% | 5.98% |
| Category Average | 0.68% | 2.56% | 2.56% | 2.56% | 7.97% | 6.42% | 0.23% | 2.95% | 2.20% | 2.59% | 2.42% | 3.11% | 2.73% | 2.49% |
| Category Rank | 177 / 301 | 223 / 301 | 246 / 301 | 246 / 301 | 215 / 295 | 169 / 292 | 224 / 286 | 226 / 276 | 240 / 270 | 214 / 250 | 203 / 238 | 175 / 221 | 159 / 193 | 151 / 181 |
| Quartile Ranking | 3 | 3 | 4 | 4 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.80% | 0.21% | -1.05% | -0.90% | 3.93% | 2.72% | 0.19% | -0.03% | 0.94% | -0.91% | 1.00% | 0.72% |
| Benchmark | 1.08% | 2.51% | -1.32% | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% |
6.70% (November 2002)
-11.73% (October 2008)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.46% | -5.67% | 15.12% | 4.18% | -4.20% | 13.63% | 0.80% | 2.61% | -12.02% | 9.90% |
| Benchmark | 8.91% | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | 3 | 4 | 1 | 3 | 4 | 1 | 4 | 4 | 4 | 2 |
| Category Rank | 122/ 173 | 161/ 185 | 49/ 201 | 157/ 229 | 193/ 240 | 16/ 265 | 231/ 275 | 210/ 277 | 249/ 286 | 111/ 295 |
15.12% (2016)
-12.02% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 88.28 |
| Canadian Corporate Bonds | 7.07 |
| Cash and Equivalents | 3.72 |
| Canadian Government Bonds | 0.98 |
| Other | -0.05 |
| Name | Percent |
|---|---|
| Fixed Income | 96.33 |
| Cash and Cash Equivalent | 3.72 |
| Other | -0.05 |
| Name | Percent |
|---|---|
| North America | 100.05 |
| Other | -0.05 |
| Name | Percent |
|---|---|
| Canada Government 29-Aug-2024 | 2.22 |
| Berry Global Inc 5.63% 15-Jul-2027 | 1.02 |
| Strathcona Resources Ltd 6.88% 01-Aug-2026 | 0.91 |
| Cinemark USA Inc 5.25% 15-Jul-2028 | 0.90 |
| Hess Midstream Operations LP 5.63% 15-Feb-2026 | 0.90 |
| Prime Sec Srvcs Borrower LLC 6.25% 15-Jan-2028 | 0.89 |
| Iron Mountain Inc 5.25% 15-Jul-2030 | 0.88 |
| NOVA Chemicals Corp 5.25% 01-Jun-2027 | 0.83 |
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 0.82 |
| SPDR Bloomberg High Yield Bond ETF (JNK) | 0.82 |
Renaissance High-Yield Bond Fund Class A
Median
Other - High Yield Fixed Income
| Standard Deviation | 7.45% | 8.14% | 7.03% |
|---|---|---|---|
| Beta | 0.78% | 0.90% | 0.52% |
| Alpha | -0.03% | -0.02% | -0.01% |
| Rsquared | 0.51% | 0.62% | 0.26% |
| Sharpe | -0.42% | -0.09% | 0.11% |
| Sortino | -0.53% | -0.24% | -0.14% |
| Treynor | -0.04% | -0.01% | 0.01% |
| Tax Efficiency | - | - | 12.86% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.11% | 7.45% | 8.14% | 7.03% |
| Beta | 0.51% | 0.78% | 0.90% | 0.52% |
| Alpha | 0.01% | -0.03% | -0.02% | -0.01% |
| Rsquared | 0.14% | 0.51% | 0.62% | 0.26% |
| Sharpe | 0.54% | -0.42% | -0.09% | 0.11% |
| Sortino | 2.19% | -0.53% | -0.24% | -0.14% |
| Treynor | 0.05% | -0.04% | -0.01% | 0.01% |
| Tax Efficiency | 74.66% | - | - | 12.86% |
| Start Date | September 23, 1994 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,107 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ATL667 | ||
| ATL823 | ||
| ATL908 |
The Fund seeks to generate a high level of current income, primarily through investment in high-yield corporate bonds from issuers around the world and, where consistent with this objective, the Fund will also seek capital appreciation. 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.
To achieve its investment objectives, the Fund: invests primarily in high yield corporate bonds from around the world, but may also invest in other investments such as preferred shares, common shares, or income trusts; may invest in units of exchange-traded funds; may invest in Canadian corporate bonds denominated in foreign currencies; may use derivatives such as options, futures, forward contracts, swaps, and other similar instruments.
| Name | Start Date |
|---|---|
| Patrick O'Toole | 12-16-2020 |
| Nicholas Leach | 12-16-2020 |
| John W. Braive | 12-16-2020 |
| 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 |
| 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 |
| MER | 1.39% |
|---|---|
| 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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