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Renaissance U.S. Equity Value Fund Class A

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U.S. Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-02-2024) 		$23.78
Change
-$0.03 (-0.13%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Renaissance U.S. Equity Value Fund Class A

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Fund Returns

Inception Return (December 16, 1998): 4.49%

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 3.81% 10.22% 16.21% 10.22% 19.47% 9.03% 10.41% 16.69% 10.11% 9.40% 8.64% 9.19% 7.87% 9.28%
Benchmark 3.07% 13.26% 23.76% 13.26% 30.04% 14.00% 14.30% 19.94% 15.37% 15.05% 14.39% 15.08% 13.81% 15.28%
Category Average 2.94% 22.06% 22.06% 11.88% 26.39% 10.39% 10.21% 17.40% 12.02% 11.35% 11.08% 11.62% 10.10% 11.05%
Category Rank 241 / 1,374 1,064 / 1,361 1,234 / 1,343 1,064 / 1,361 1,080 / 1,288 858 / 1,216 637 / 1,158 729 / 1,095 803 / 993 733 / 887 690 / 812 616 / 706 570 / 652 514 / 573
Quartile Ranking 1 4 4 4 4 3 3 3 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 2.46% -2.68% 3.73% 2.62% -0.11% -3.04% -0.62% 3.73% 2.28% 1.47% 4.64% 3.81%
Benchmark 1.90% 0.62% 3.76% 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07%

Best Monthly Return Since Inception

10.81% (November 2002)

Worst Monthly Return Since Inception

-11.87% (January 2009)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 18.90% 15.71% 2.25% 6.74% -2.29% 18.12% -0.40% 26.75% -0.69% 7.51%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average 16.59% 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85%
Quartile Ranking 3 3 3 4 3 4 4 1 1 4
Category Rank 288/ 554 344/ 645 489/ 693 744/ 783 595/ 875 849/ 950 1,025/ 1,063 249/ 1,139 111/ 1,196 1,167/ 1,260

Best Calendar Return (Last 10 years)

26.75% (2021)

Worst Calendar Return (Last 10 years)

-2.29% (2018)

Asset Allocation

Asset Allocation
Name Percent
US Equity 91.01
International Equity 5.23
Cash and Equivalents 3.75
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Financial Services 21.96
Healthcare 15.22
Industrial Goods 10.30
Technology 10.17
Energy 8.10
Other 34.25

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.77
Europe 5.23

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 3.35
Wells Fargo & Co 2.62
ConocoPhillips 2.57
Berkshire Hathaway Inc Cl B 2.27
Bank of America Corp 2.18
Chevron Corp 2.14
Exxon Mobil Corp 1.95
BlackRock Inc 1.88
Morgan Stanley 1.85
CSX Corp Sr 9 1.85

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Renaissance U.S. Equity Value Fund Class A

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 11.17% 13.26% 11.88%
Beta 0.67% 0.81% 0.85%
Alpha 0.01% -0.02% -0.03%
Rsquared 0.75% 0.78% 0.83%
Sharpe 0.71% 0.65% 0.69%
Sortino 1.12% 0.85% 0.84%
Treynor 0.12% 0.11% 0.10%
Tax Efficiency 100.00% 96.78% 97.94%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.93% 11.17% 13.26% 11.88%
Beta 0.72% 0.67% 0.81% 0.85%
Alpha -0.01% 0.01% -0.02% -0.03%
Rsquared 0.73% 0.75% 0.78% 0.83%
Sharpe 1.52% 0.71% 0.65% 0.69%
Sortino 3.39% 1.12% 0.85% 0.84%
Treynor 0.19% 0.12% 0.11% 0.10%
Tax Efficiency 100.00% 100.00% 96.78% 97.94%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date December 16, 1998
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $104

Fund Codes

FundServ Code Load Code Sales Status
ATL501
ATL502
ATL515

Investment Objectives

To seek long-term capital growth and to provide income by investing in a diversified portfolio consisting primarily of equity securities of issuers located in the United States and worldwide. 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 bottom-up approach driven by fundamental company research from a global perspective, utilizing a long-term focus that takes advantage of opportunities presented by short-term anomalies in high-quality businesses.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 09-18-2008
Great Lakes Advisors, LLC 09-29-2023
JPMorgan Asset Management (Canada) Inc. 09-30-2023

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 2.17%
Management Fee 1.75%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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