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Renaissance Short-Term Income Fund Class A
Cdn Short Term Fixed Inc
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (09-17-2026) |
$10.82 |
|---|---|
| Change |
$0.03
(0.31%)
|
As at August 31, 2026
As at August 31, 2026
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Legend
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Fund Returns
Inception Return (October 01, 1974): 5.67%
| 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 | 0.04% | -0.09% | -0.28% | 0.73% | 1.65% | 2.84% | 4.13% | 3.44% | 1.36% | 1.10% | 1.41% | 1.69% | 1.46% | 1.21% |
| Benchmark | 0.09% | 0.05% | -0.06% | 1.13% | 2.23% | 3.41% | 4.76% | 3.99% | 2.08% | 1.82% | 2.16% | 2.45% | 2.24% | 2.02% |
| Category Average | 0.10% | 0.05% | -0.04% | 0.93% | 1.86% | 2.91% | 4.25% | 3.59% | 1.75% | 1.59% | 1.83% | 2.01% | 1.80% | 1.64% |
| Category Rank | 264 / 312 | 266 / 307 | 255 / 299 | 256 / 295 | 232 / 278 | 196 / 245 | 161 / 217 | 159 / 202 | 163 / 190 | 156 / 181 | 148 / 172 | 138 / 165 | 133 / 156 | 124 / 143 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.76% | 0.32% | 0.12% | -0.28% | 0.40% | 0.61% | -0.97% | 0.09% | 0.70% | 0.29% | -0.42% | 0.04% |
| Benchmark | 0.75% | 0.38% | 0.22% | -0.27% | 0.45% | 0.74% | -0.88% | 0.04% | 0.74% | 0.32% | -0.36% | 0.09% |
Best Monthly Return Since Inception
4.84% (November 1981)
Worst Monthly Return Since Inception
-3.89% (March 1994)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.01% | -0.70% | 0.51% | 2.66% | 4.32% | -1.89% | -4.99% | 4.42% | 4.99% | 3.19% |
| Benchmark | 0.90% | 0.27% | 1.89% | 2.98% | 5.17% | -0.92% | -3.98% | 4.92% | 5.71% | 3.77% |
| Category Average | 0.85% | 0.42% | 0.53% | 2.93% | 4.36% | -0.83% | -4.45% | 4.84% | 5.17% | 3.22% |
| Quartile Ranking | 4 | 4 | 4 | 3 | 3 | 4 | 4 | 4 | 4 | 3 |
| Category Rank | 124/ 139 | 125/ 143 | 137/ 159 | 112/ 166 | 125/ 176 | 167/ 182 | 156/ 191 | 155/ 203 | 176/ 220 | 187/ 257 |
Best Calendar Return (Last 10 years)
4.99% (2024)
Worst Calendar Return (Last 10 years)
-4.99% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 59.75 |
| Canadian Government Bonds | 33.58 |
| Foreign Corporate Bonds | 2.93 |
| Canadian Bonds - Other | 1.81 |
| Cash and Equivalents | 1.32 |
| Other | 0.61 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 98.67 |
| Cash and Cash Equivalent | 1.33 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 99.55 |
| Europe | 0.45 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 2.75% 01-Sep-2030 | 6.64 |
| Canada Government 2.75% 01-Mar-2031 | 5.77 |
| CANADA HOUSING TRUST NO 1 3.20% 15-Jun-2031 | 5.33 |
| Ontario Province 2.05% 02-Jun-2030 | 3.18 |
| Toronto-Dominion Bank 3.77% 13-Apr-2029 | 2.28 |
| CANADA HOUSING TRUST NO 1 2.85% 15-Dec-2030 | 2.18 |
| Ontario Province 2.15% 02-Jun-2031 | 2.12 |
| Royal Bank of Canada 3.41% 12-Jun-2028 | 1.97 |
| CANADIAN IMPERIAL BANK OF COMMERCE 3.70% 02-Apr-2030 | 1.85 |
| ROYAL BANK OF CANADA 3.83% 27-Mar-2030 | 1.74 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Renaissance Short-Term Income Fund Class A
Median
Other - Cdn Short Term Fixed Inc
3 Yr Annualized
| Standard Deviation | 2.01% | 2.57% | 2.08% |
|---|---|---|---|
| Beta | 1.02 | 1.05 | 1.04 |
| Alpha | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.99% | 0.98% | 0.97% |
| Sharpe | 0.35 | -0.63 | -0.35 |
| Sortino | 0.92 | -0.76 | -1.00 |
| Treynor | 0.01 | -0.02 | -0.01 |
| Tax Efficiency | 75.76% | 39.17% | 44.38% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.73% | 2.01% | 2.57% | 2.08% |
| Beta | 1.00 | 1.02 | 1.05 | 1.04 |
| Alpha | -0.01 | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.99% | 0.99% | 0.98% | 0.97% |
| Sharpe | -0.35 | 0.35 | -0.63 | -0.35 |
| Sortino | -0.89 | 0.92 | -0.76 | -1.00 |
| Treynor | -0.01 | 0.01 | -0.02 | -0.01 |
| Tax Efficiency | 39.44% | 75.76% | 39.17% | 44.38% |
Fund Details
| 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) | $247 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ATL1021 | ||
| ATL1121 | ||
| ATL2121 |
Investment Objectives
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.
Investment Strategy
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).
Portfolio Management
| Portfolio Manager |
CIBC Asset Management Inc.
|
|---|---|
| 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 | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 50 |
Fees
| MER | 1.05% |
|---|---|
| Management Fee | 0.95% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | 5.50% |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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