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Global Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2018

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NAVPS
(04-11-2024)
$4.17
Change
-$0.01 (-0.31%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Renaissance Global Bond Fund Class A

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Fund Returns

Inception Return (October 21, 1992): 3.06%

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 -0.17% -1.66% -0.58% -2.91% -2.19% -2.86% -3.65% -1.57% -1.75% -2.02% -0.91% -0.49% -0.19% 0.97%
Benchmark 0.40% 0.42% 5.94% 0.42% 0.29% -0.21% -2.75% -4.26% -1.27% -0.48% 0.02% 0.16% 0.88% 1.90%
Category Average 0.75% 5.89% 5.89% -0.15% 2.55% -0.69% -1.73% -0.14% 0.16% 0.37% 0.58% 0.83% 0.83% 1.23%
Category Rank 526 / 541 533 / 538 226 / 513 533 / 538 477 / 490 384 / 417 311 / 337 171 / 280 217 / 245 189 / 203 140 / 168 95 / 135 97 / 123 58 / 99
Quartile Ranking 4 4 2 4 4 4 4 3 4 4 4 3 4 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.22% -1.49% -1.59% 1.27% -1.68% -4.74% -0.58% 5.31% 4.41% -1.66% -1.10% -0.17%
Benchmark 0.77% -1.74% -2.61% -0.13% 1.51% -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40%

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 6/ 98 57/ 122 72/ 134 23/ 165 82/ 193 174/ 236 90/ 269 296/ 328 214/ 395 368/ 475

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 74.22
Mortgages 24.41
Cash and Equivalents 1.37

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 98.63
Cash and Cash Equivalent 1.37

Geographic Allocation

Geographic Allocation
Name Percent
North America 63.64
Latin America 23.00
Europe 8.88
Africa and Middle East 4.47
Asia 0.00
Other 0.01

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.50% 15-Feb-2033 17.67
United States Treasury 5.47% 31-Oct-2025 6.57
United Kingdom Government 1.25% 31-Jul-2051 5.66
Mexico Government 8.00% 07-Nov-2047 4.90
Colombia Government 9.25% 28-May-2042 4.62
United States Treasury 4.13% 15-Aug-2053 4.56
United States Treasury 3.00% 15-Aug-2052 4.41
United Kingdom Government 3.25% 31-Jan-2033 3.89
United States Treasury 4.25% 15-Feb-2054 3.09
BROKER OWNED CASH COLLATERAL FROM HSBC 2.96

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 9.15% 8.37% 8.05%
Beta 1.06% 0.72% 0.75%
Alpha -0.01% -0.01% 0.00%
Rsquared 0.65% 0.35% 0.50%
Sharpe -0.65% -0.40% -0.01%
Sortino -0.93% -0.71% -0.31%
Treynor -0.06% -0.05% 0.00%
Tax Efficiency - - 18.36%
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 9.54% 9.15% 8.37% 8.05%
Beta 1.15% 1.06% 0.72% 0.75%
Alpha -0.02% -0.01% -0.01% 0.00%
Rsquared 0.54% 0.65% 0.35% 0.50%
Sharpe -0.69% -0.65% -0.40% -0.01%
Sortino -0.75% -0.93% -0.71% -0.31%
Treynor -0.06% -0.06% -0.05% 0.00%
Tax Efficiency - - - 18.36%

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) $59

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.

Investment Strategy

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-to-maturity, and term structure. The basis on which these decisions are made comes from a review of global macroeconomic and capital market conditions, with a focus on identifying countries with high real yields, supportive currencies for protection and enhanced returns.

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 Front Fee Only
FE Max 0.00%
DSC Max -
LL Max 0.00%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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