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Cdn Short Term Fixed Inc
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (10-11-2024) |
$10.88 |
|---|---|
| Change |
$0.01
(0.11%)
|
As at September 30, 2024
As at September 30, 2024
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Inception Return (October 01, 1974): 5.80%
| 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 | 1.26% | 3.22% | 4.27% | 4.48% | 8.60% | 4.78% | 0.93% | 0.53% | 1.18% | 1.56% | 1.33% | 0.95% | 0.95% | 1.01% |
| Benchmark | 1.26% | 3.28% | 4.58% | 5.04% | 9.22% | 5.27% | 1.77% | 1.30% | 2.01% | 2.37% | 2.16% | 1.81% | 1.82% | 1.93% |
| Category Average | 1.15% | 4.09% | 4.09% | 4.64% | 8.67% | 5.09% | 1.45% | 1.19% | 1.68% | 1.93% | 1.71% | 1.44% | 1.45% | 1.39% |
| Category Rank | 157 / 324 | 156 / 315 | 183 / 311 | 220 / 282 | 199 / 280 | 205 / 263 | 214 / 247 | 210 / 234 | 207 / 229 | 183 / 214 | 177 / 200 | 165 / 184 | 157 / 174 | 143 / 162 |
| Quartile Ranking | 2 | 2 | 3 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.69% | 1.71% | 1.49% | -0.19% | -0.02% | 0.42% | -0.47% | 0.79% | 0.69% | 1.44% | 0.49% | 1.26% |
| Benchmark | 0.78% | 1.67% | 1.48% | -0.13% | 0.05% | 0.53% | -0.40% | 0.86% | 0.79% | 1.36% | 0.63% | 1.26% |
4.84% (November 1981)
-3.89% (March 1994)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.99% | 1.12% | 0.01% | -0.70% | 0.51% | 2.66% | 4.32% | -1.89% | -4.99% | 4.42% |
| Benchmark | 3.01% | 2.56% | 0.90% | 0.27% | 1.89% | 2.98% | 5.17% | -0.92% | -3.98% | 4.92% |
| Category Average | 1.73% | 0.55% | 0.85% | 0.42% | 0.53% | 2.93% | 4.36% | -0.83% | -4.45% | 4.84% |
| Quartile Ranking | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 4 | 4 | 4 |
| Category Rank | 102/ 145 | 106/ 166 | 161/ 179 | 164/ 184 | 164/ 204 | 154/ 219 | 152/ 229 | 219/ 235 | 198/ 249 | 201/ 263 |
4.42% (2023)
-4.99% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 48.16 |
| Canadian Government Bonds | 38.70 |
| Foreign Corporate Bonds | 5.31 |
| Cash and Equivalents | 4.22 |
| Mortgages | 0.82 |
| Other | 2.79 |
| Name | Percent |
|---|---|
| Fixed Income | 93.90 |
| Cash and Cash Equivalent | 4.23 |
| Mutual Fund | 1.87 |
| Name | Percent |
|---|---|
| North America | 99.82 |
| Europe | 0.18 |
| Name | Percent |
|---|---|
| Canada Housing Trust No 1 2.35% 15-Jun-2027 | 6.56 |
| Canada Housing Trust No 1 1.25% 15-Jun-2026 | 5.81 |
| Canada Government 3.00% 01-Apr-2026 | 4.09 |
| Canada Housing Trust No 1 2.65% 15-Dec-2028 | 3.85 |
| Canada Housing Trust No 1 3.60% 15-Dec-2027 | 2.91 |
| Canada Government 3.00% 01-Oct-2025 | 2.88 |
| Bank of Nova Scotia 2.95% 08-Mar-2027 | 2.79 |
| Canada Government 3.25% 01-Sep-2028 | 2.62 |
| Ontario Province 2.70% 02-Jun-2029 | 2.27 |
| ACM Commercial Mortgage Fund Class F | 1.87 |
Renaissance Short-Term Income Fund Class A
Median
Other - Cdn Short Term Fixed Inc
| Standard Deviation | 3.11% | 2.62% | 2.11% |
|---|---|---|---|
| Beta | 1.06% | 1.06% | 1.04% |
| Alpha | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.99% | 0.97% | 0.97% |
| Sharpe | -0.77% | -0.39% | -0.25% |
| Sortino | -0.80% | -0.84% | -1.11% |
| Treynor | -0.02% | -0.01% | -0.01% |
| Tax Efficiency | 22.49% | 48.46% | 40.20% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.41% | 3.11% | 2.62% | 2.11% |
| Beta | 1.06% | 1.06% | 1.06% | 1.04% |
| Alpha | -0.01% | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.99% | 0.99% | 0.97% | 0.97% |
| Sharpe | 1.49% | -0.77% | -0.39% | -0.25% |
| Sortino | 6.01% | -0.80% | -0.84% | -1.11% |
| Treynor | 0.03% | -0.02% | -0.01% | -0.01% |
| Tax Efficiency | 88.69% | 22.49% | 48.46% | 40.20% |
| Start Date | October 01, 1974 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $248 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ATL1021 | ||
| ATL1121 | ||
| ATL2121 |
The objective of the Fund is to obtain a high level of income consistent with security of capital through investments primarily in securities issued or guaranteed by the Government of Canada or one of the provinces thereof, municipal or school corporations in Canada, and in first mortgages on properties situated in Canada, interest-bearing deposits of banks or trust companies, and high quality corporate bonds.
To achieve its investment objectives, the Fund: intends to position its portfolio based primarily on two considerations: average term-to-maturity and security selection. With respect to the former, the term-to-maturity of the Fund is adjusted to reflect the Portfolio Advisor’s interest rate outlook (short average term if rates are expected to rise and long average term if rates are expected to fall).
| Name | Start Date |
|---|---|
| Steven Dubrovsky | 12-16-2020 |
| Jeffrey M. Waldman | 12-16-2020 |
| 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 | 1.05% |
|---|---|
| Management Fee | 0.95% |
| 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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