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Renaissance U.S. Money Market Fund Class A U$

U.S. Money Market

NAVPS
(04-17-2024)
$10.00
Change
$0.00 (0.01%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Renaissance U.S. Money Market Fund Class A U$

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Fund Returns

Inception Return (March 30, 1987): 2.70%

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 0.40% 1.31% 2.66% 1.31% 5.30% 4.13% 2.76% 2.14% 2.11% 2.13% 2.02% 1.86% 1.68% 1.51%
Benchmark 0.40% 1.22% 2.44% 1.22% 4.93% 3.88% 2.60% 1.97% 1.94% 1.97% 1.85% 1.66% 1.49% 1.34%
Category Average 0.36% 2.53% 2.53% 1.27% 5.10% 3.77% 2.52% 1.94% 1.92% 1.91% 1.76% 1.59% 1.43% 1.30%
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.38% 0.45% 0.42% 0.44% 0.43% 0.41% 0.46% 0.44% 0.43% 0.48% 0.42% 0.40%
Benchmark 0.38% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40%

Best Monthly Return Since Inception

0.71% (July 1989)

Worst Monthly Return Since Inception

0.00% (April 1987)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.06% 0.14% 0.63% 1.17% 2.03% 2.23% 0.64% 0.07% 1.75% 5.22%
Benchmark 0.03% 0.05% 0.28% 0.88% 1.87% 2.08% 0.44% 0.04% 1.76% 4.82%
Category Average 0.10% 0.14% 0.34% 0.71% 1.63% 2.04% 0.51% 0.07% 1.38% 4.91%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

5.22% (2023)

Worst Calendar Return (Last 10 years)

0.06% (2014)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 100.00

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 100.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
9063-8925 Quebec Inc 0.00% 06-Aug-2024 4.79
CANADIAN MASTER TR CDS DISC 4.32
FUSION AA USD CP CDS DISC 4.16
Clarity Trust 0.00% 09-Apr-2024 3.77
PACCAR FINL LTD CDS DISC 3.55
Reliant Trust 0.00% 14-May-2024 3.53
Zeus Receivables Trust 0.00% 22-May-2024 3.53
Lakeshore Trust 0.00% 18-Jul-2024 3.50
STORM KING FUNDING TRUST CDS DISC 3.46
Clarity Trust 0.00% 04-Apr-2024 3.11

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Renaissance U.S. Money Market Fund Class A U$

Median

Other - U.S. Money Market

3 Yr Annualized

Standard Deviation 0.68% 0.59% 0.48%
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino -0.51% -1.63% -2.48%
Treynor - - -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 0.10% 0.68% 0.59% 0.48%
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - -0.51% -1.63% -2.48%
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date March 30, 1987
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency USD
Distribution Frequency Monthly
Assets ($mil) $112

Fund Codes

FundServ Code Load Code Sales Status
ATL363
ATL762
ATL974

Investment Objectives

To obtain a high level of interest income denominated in U.S. dollars, while maintaining a high level of security of capital and liquidity. 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 high-quality U.S. dollar debt instruments and obligations issued or guaranteed by financial institutions and governments in Canada, the U.S., Europe, Japan, or other industrialized nations and by the governments, provinces, states, territories, or any of their agencies; may invest in commercial paper, bankers’ acceptances, asset-backed commercial paper and any other form of corporate indebtedness.

Portfolio Manager(s)

Name Start Date
Steven Dubrovsky 12-16-2020
Stephanie Lessard 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 0.30%
Management Fee 1.00%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.25%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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