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Renaissance Global Innovation Fund Class A

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Global Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023, 2022, 2021, 2020

Click for more information on Fundata’s FundGrade

NAVPS
(05-29-2025) 		$192.76
Change
$0.39 (0.20%)

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 2023Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Apr 2025Jan 1997Jan 2001Jan 2005Jan 2009Jan 2013Jan 2017Jan 2021$10,000$8,000$12,000$14,000$16,000$18,000Period

Legend

Renaissance Global Innovation Fund Class A

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Fund Returns

Inception Return (October 28, 1996): 9.20%

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 -3.67% -13.35% -5.85% -9.32% 10.22% 16.96% 13.23% 5.30% 10.94% 13.21% 13.94% 14.64% 16.25% 14.92%
Benchmark -2.97% -7.99% 0.02% -4.37% 12.05% 15.36% 12.95% 8.94% 12.87% 10.21% 10.09% 9.79% 11.46% 10.10%
Category Average -2.36% -7.61% -0.68% -3.44% 8.76% 11.25% 9.41% 5.89% 10.36% 7.80% 7.70% 7.48% 8.67% 7.40%
Category Rank 1,514 / 2,116 1,972 / 2,104 2,027 / 2,093 2,007 / 2,102 781 / 2,032 178 / 1,908 215 / 1,773 1,087 / 1,618 605 / 1,483 45 / 1,425 31 / 1,229 7 / 1,077 7 / 928 8 / 799
Quartile Ranking 3 4 4 4 2 1 1 3 2 1 1 1 1 1

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 5.40% 7.45% 0.79% 0.87% 0.55% 1.12% 2.28% 1.51% 4.66% -3.10% -7.18% -3.67%
Benchmark 3.15% 2.29% 2.79% 0.04% 2.54% 0.69% 4.44% 0.14% 3.94% -1.04% -4.18% -2.97%

Best Monthly Return Since Inception

38.17% (February 2000)

Worst Monthly Return Since Inception

-32.06% (February 2001)

Calendar Return (%)

Created with Highcharts 10.3.3-40%-20%0%20%40%60%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 30.53% -3.31% 31.06% 7.27% 34.81% 47.03% 3.16% -20.88% 30.23% 30.67%
Benchmark 16.88% 5.18% 16.29% -1.79% 21.41% 13.15% 17.62% -12.64% 19.37% 26.84%
Category Average 8.98% 3.86% 14.23% -5.38% 19.94% 11.73% 16.21% -13.86% 15.08% 20.13%
Quartile Ranking 1 4 1 1 1 1 4 4 1 1
Category Rank 6/ 764 833/ 889 9/ 1,043 6/ 1,190 29/ 1,385 38/ 1,467 1,568/ 1,584 1,491/ 1,736 60/ 1,884 220/ 2,001

Best Calendar Return (Last 10 years)

47.03% (2020)

Worst Calendar Return (Last 10 years)

-20.88% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 77.92
International Equity 17.54
Cash and Equivalents 4.54

Sector Allocation

Sector Allocation
Name Percent
Technology 53.83
Healthcare 37.00
Cash and Cash Equivalent 4.54
Consumer Services 3.10
Telecommunications 1.52
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 82.46
Europe 17.54

Top Holdings

Top Holdings
Name Percent
Apple Inc 8.78
Microsoft Corp 7.89
NVIDIA Corp 7.76
Alphabet Inc Cl A 7.25
Eli Lilly and Co 5.92
Meta Platforms Inc Cl A 5.45
Roche Holding AG - Partcptn 5.23
Novartis AG Cl N 4.82
Thermo Fisher Scientific Inc 3.63
Medtronic PLC 3.56

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return681012141618202224-20%-10%0%10%20%30%

Renaissance Global Innovation Fund Class A

Median

Other - Global Equity

3 Yr Annualized

Standard Deviation 13.98% 14.70% 15.16%
Beta 0.94% 1.03% 1.06%
Alpha 0.01% -0.02% 0.04%
Rsquared 0.68% 0.68% 0.68%
Sharpe 0.68% 0.62% 0.89%
Sortino 1.23% 0.89% 1.34%
Treynor 0.10% 0.09% 0.13%
Tax Efficiency 100.00% 100.00% 100.00%
Volatility Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 14.09% 13.98% 14.70% 15.16%
Beta 1.25% 0.94% 1.03% 1.06%
Alpha -0.04% 0.01% -0.02% 0.04%
Rsquared 0.69% 0.68% 0.68% 0.68%
Sharpe 0.49% 0.68% 0.62% 0.89%
Sortino 0.85% 1.23% 0.89% 1.34%
Treynor 0.06% 0.10% 0.09% 0.13%
Tax Efficiency 100.00% 100.00% 100.00% 100.00%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A86.9​86.958.3​58.30%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A94.1​94.159.5​59.50%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A73.3​73.357.7​57.70%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A86.9​86.956.6​56.60%10%20%30%40%50%60%70%80%90%100%

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 October 28, 1996
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $375

Fund Codes

FundServ Code Load Code Sales Status
ATL1027
ATL1871
ATL2871

Investment Objectives

To obtain long-term capital appreciation by investing in a diversified portfolio of global companies involved mainly in telecommunications, biotechnology, computer hardware and software, and medical services and other scientific and technology based companies. 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: uses fundamental bottom-up research to construct a well-diversified portfolio that focuses on stocks expected to outperform the sector over future periods. The Fund focuses primarily on the following sub-industries: hardware, software; computer services, telecommunication services, health care, and internet.

Portfolio Management

Portfolio Manager

CIBC Asset Management Inc.

  • Mark Lin
Sub-Advisor

-

Management and Organization

Fund Manager

CIBC Asset Management Inc.
Custodian

CIBC Mellon Trust Company
Registrar

CIBC Asset Management Inc.
Distributor

-

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 2.24%
Management Fee 1.85%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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