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Renaissance Global Bond Fund Class A

Global Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2018

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NAVPS
(07-19-2024)
$4.26
Change
-$0.03 (-0.61%)

As at June 30, 2024

As at June 30, 2024

Period
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Legend

Renaissance Global Bond Fund Class A

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Fund Returns

Inception Return (October 21, 1992): 2.98%

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 0.03% -1.59% -4.45% -4.45% -0.92% 0.82% -4.56% -3.20% -2.27% -1.42% -1.30% -0.71% 0.07% 0.88%
Benchmark 1.16% -0.09% 0.33% 0.33% 3.91% 2.42% -2.71% -3.97% -1.50% -0.40% 0.03% -0.26% 1.17% 2.01%
Category Average 0.72% -0.10% -0.10% -0.10% 3.35% 2.36% -2.12% -1.22% -0.21% 0.59% 0.49% 0.58% 1.01% 1.13%
Category Rank 531 / 545 518 / 544 522 / 533 522 / 533 468 / 488 378 / 442 342 / 360 238 / 295 226 / 248 193 / 212 156 / 175 107 / 156 101 / 127 71 / 114
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 3 4 3

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.27% -1.68% -4.74% -0.58% 5.31% 4.41% -1.66% -1.10% -0.17% -2.85% 1.27% 0.03%
Benchmark -0.13% 1.51% -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40% -1.24% 0.00% 1.16%

Best Monthly Return Since Inception

10.36% (January 2015)

Worst Monthly Return Since Inception

-4.74% (September 2023)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 10.54% 8.86% -0.28% 3.62% 2.40% 1.75% 7.45% -6.79% -11.07% 4.28%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking 1 2 3 1 2 3 2 4 3 4
Category Rank 8/ 101 57/ 124 74/ 136 23/ 165 84/ 193 174/ 236 89/ 266 291/ 323 213/ 390 366/ 470

Best Calendar Return (Last 10 years)

10.54% (2014)

Worst Calendar Return (Last 10 years)

-11.07% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 71.39
Mortgages 24.65
Cash and Equivalents 3.96

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.04
Cash and Cash Equivalent 3.96

Geographic Allocation

Geographic Allocation
Name Percent
North America 66.70
Latin America 18.26
Europe 9.34
Africa and Middle East 5.25
Asia 0.46
Other -0.01

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.50% 15-Feb-2033 10.68
United States Treasury 4.25% 15-Feb-2054 9.10
United States Treasury 4.00% 15-Feb-2034 6.51
United Kingdom Government 1.25% 31-Jul-2051 5.49
United States Treasury 4.13% 15-Aug-2053 4.73
United States Treasury 3.00% 15-Aug-2052 4.57
Mexico Government 8.00% 07-Nov-2047 4.53
United Kingdom Government 3.25% 31-Jan-2033 3.89
Colombia Government 9.25% 28-May-2042 3.85
South Africa Government 8.75% 28-Feb-2048 3.30

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: L. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Renaissance Global Bond Fund Class A

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 9.27% 8.45% 8.10%
Beta 1.09% 0.73% 0.75%
Alpha -0.02% -0.01% -0.01%
Rsquared 0.66% 0.35% 0.50%
Sharpe -0.78% -0.48% -0.03%
Sortino -1.03% -0.77% -0.32%
Treynor -0.07% -0.06% 0.00%
Tax Efficiency - - 15.15%
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 3 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 9.83% 9.27% 8.45% 8.10%
Beta 1.43% 1.09% 0.73% 0.75%
Alpha -0.06% -0.02% -0.01% -0.01%
Rsquared 0.57% 0.66% 0.35% 0.50%
Sharpe -0.54% -0.78% -0.48% -0.03%
Sortino -0.52% -1.03% -0.77% -0.32%
Treynor -0.04% -0.07% -0.06% 0.00%
Tax Efficiency - - - 15.15%

Fund Details

Start Date October 21, 1992
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $54

Fund Codes

FundServ Code Load Code Sales Status
ATL1028
ATL1872
ATL2872

Investment Objectives

The Fund's objective is to preserve capital and to provide income and long-term growth primarily through investment in debt securities denominated in foreign currencies issued by Canadian or non-Canadian governments, corporations, and financial institutions. 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 strategy that consists of undertaking a value approach based on high real yields and positioning the Fund with respect to country, currency, and sector allocations, average term-tomaturity, and term structure. The basis on which these decisions are made comes from a review of global macroeconomic and capital market conditions

Portfolio Manager(s)

Name Start Date
Stephen Smith 11-01-2006
David F. Hoffman 11-01-2006
CIBC Asset Management Inc. 09-17-2008

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 1.47%
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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