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Global Fixed Income
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2018
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|
NAVPS (01-10-2025) |
$4.23 |
|---|---|
| Change |
-$0.02
(-0.43%)
|
As at December 31, 2024
As at December 31, 2024
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Inception Return (October 21, 1992): 3.01%
| 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 | -2.03% | -3.93% | 2.26% | -2.29% | -2.29% | 0.95% | -3.23% | -4.13% | -1.92% | -1.32% | -0.80% | -0.25% | -0.26% | 0.62% |
| Benchmark | 0.21% | 0.78% | 6.45% | 6.80% | 6.80% | 4.74% | -0.73% | -2.09% | -0.33% | -0.03% | 1.05% | 0.91% | 0.66% | 2.15% |
| Category Average | -1.22% | -1.74% | 2.49% | 2.36% | 2.36% | 3.84% | -1.25% | -1.39% | 0.03% | 0.92% | 0.78% | 1.03% | 1.14% | 1.32% |
| Category Rank | 518 / 567 | 526 / 563 | 401 / 540 | 505 / 527 | 505 / 527 | 448 / 464 | 354 / 389 | 309 / 323 | 251 / 267 | 219 / 241 | 177 / 197 | 137 / 169 | 111 / 139 | 94 / 126 |
| Quartile Ranking | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 |
| Return % | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.66% | -1.10% | -0.17% | -2.85% | 1.27% | 0.03% | 3.69% | 0.48% | 2.18% | -2.39% | 0.46% | -2.03% |
| Benchmark | 0.01% | 0.00% | 0.40% | -1.24% | 0.00% | 1.16% | 3.88% | -0.22% | 1.89% | -0.37% | 0.95% | 0.21% |
10.36% (January 2015)
-4.74% (September 2023)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 8.86% | -0.28% | 3.62% | 2.40% | 1.75% | 7.45% | -6.79% | -11.07% | 4.28% | -2.29% |
| Benchmark | 16.63% | -1.36% | -0.08% | 7.82% | 1.45% | 7.03% | -6.05% | -10.83% | 2.72% | 6.80% |
| Category Average | 2.92% | 2.08% | 2.75% | -0.04% | 5.49% | 5.94% | -1.81% | -10.70% | 5.33% | 2.36% |
| Quartile Ranking | 2 | 3 | 1 | 2 | 3 | 2 | 4 | 3 | 4 | 4 |
| Category Rank | 57/ 126 | 76/ 139 | 25/ 169 | 85/ 197 | 178/ 241 | 90/ 267 | 290/ 323 | 214/ 389 | 359/ 464 | 505/ 527 |
8.86% (2015)
-11.07% (2022)
| Name | Percent |
|---|---|
| Foreign Government Bonds | 50.84 |
| Mortgages | 29.80 |
| Cash and Equivalents | 17.29 |
| Canadian Corporate Bonds | 2.08 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| Fixed Income | 82.72 |
| Cash and Cash Equivalent | 17.28 |
| Name | Percent |
|---|---|
| North America | 70.84 |
| Europe | 16.46 |
| Latin America | 14.08 |
| Asia | -1.39 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| United Kingdom Government 1.25% 31-Jul-2051 | 9.41 |
| United States Treasury 4.45% 31-Oct-2025 | 8.57 |
| United States Treasury 4.40% 31-Jul-2025 | 8.44 |
| United Kingdom Government 4.38% 31-Jul-2054 | 8.35 |
| United States Treasury 4.43% 30-Apr-2026 | 8.19 |
| Federal Home Loan Mrtgage Corp 6.00% 01-Oct-2054 | 7.42 |
| United States Treasury 4.25% 15-Feb-2054 | 6.23 |
| Mexico Government 8.00% 31-Jul-2053 | 5.06 |
| Federal National Mrtgage Assoc 6.00% 01-Jun-2054 | 4.75 |
| United States Treasury 4.48% 31-Oct-2026 | 3.79 |
Renaissance Global Bond Fund Class A
Median
Other - Global Fixed Income
| Standard Deviation | 9.48% | 8.70% | 8.24% |
|---|---|---|---|
| Beta | 1.16% | 0.80% | 0.76% |
| Alpha | -0.02% | -0.01% | -0.01% |
| Rsquared | 0.67% | 0.40% | 0.51% |
| Sharpe | -0.68% | -0.45% | -0.08% |
| Sortino | -0.84% | -0.70% | -0.36% |
| Treynor | -0.06% | -0.05% | -0.01% |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.77% | 9.48% | 8.70% | 8.24% |
| Beta | 1.25% | 1.16% | 0.80% | 0.76% |
| Alpha | -0.10% | -0.02% | -0.01% | -0.01% |
| Rsquared | 0.71% | 0.67% | 0.40% | 0.51% |
| Sharpe | -0.96% | -0.68% | -0.45% | -0.08% |
| Sortino | -0.97% | -0.84% | -0.70% | -0.36% |
| Treynor | -0.05% | -0.06% | -0.05% | -0.01% |
| Tax Efficiency | - | - | - | - |
| 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) | $46 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ATL1028 | ||
| ATL1872 | ||
| ATL2872 |
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.
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
| Name | Start Date |
|---|---|
| Stephen Smith | 11-01-2006 |
| David F. Hoffman | 11-01-2006 |
| CIBC Asset Management Inc. | 09-17-2008 |
| 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 | 1.46% |
|---|---|
| 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) | 0.75% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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