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Renaissance High Income Fund Class A

Canadian Div & Inc Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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.

NAVPS
(05-16-2024)
$8.82
Change
$0.01 (0.06%)

As at April 30, 2024

As at April 30, 2024

As at February 29, 2024

Period
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Legend

Renaissance High Income Fund Class A

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Fund Returns

Inception Return (February 13, 1997): 7.07%

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 -2.99% 0.79% 9.84% 2.03% 2.01% 2.05% 4.13% 8.49% 5.49% 6.37% 5.27% 6.46% 4.85% 4.00%
Benchmark -1.82% 4.10% 16.91% 4.68% 8.73% 5.66% 7.59% 13.51% 8.86% 8.98% 8.12% 8.95% 7.25% 7.22%
Category Average -2.45% 13.81% 13.81% 2.76% 4.34% 2.34% 6.15% 11.60% 6.62% 6.96% 6.02% 7.02% 5.79% 5.72%
Category Rank 371 / 457 405 / 454 421 / 449 363 / 449 392 / 444 316 / 433 380 / 407 366 / 392 312 / 384 261 / 356 259 / 337 239 / 313 215 / 264 232 / 252
Quartile Ranking 4 4 4 4 4 3 4 4 4 3 4 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -3.45% 2.13% 0.94% -2.17% -2.56% -2.12% 4.92% 2.60% 1.23% 1.54% 2.32% -2.99%
Benchmark -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82%

Best Monthly Return Since Inception

9.13% (March 2000)

Worst Monthly Return Since Inception

-13.82% (August 1998)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund -1.67% -4.40% 15.35% 5.71% -5.43% 17.89% 3.55% 19.77% -3.64% 2.84%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 8.23% -6.21% 17.48% 7.25% -7.75% 18.42% -1.18% 26.41% -3.72% 7.17%
Quartile Ranking 4 3 3 3 2 3 1 4 3 4
Category Rank 235/ 240 143/ 263 201/ 299 234/ 330 108/ 355 235/ 377 58/ 392 390/ 404 253/ 427 420/ 438

Best Calendar Return (Last 10 years)

19.77% (2021)

Worst Calendar Return (Last 10 years)

-5.43% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 76.38
Income Trust Units 8.16
US Equity 6.93
Canadian Corporate Bonds 3.30
Foreign Corporate Bonds 2.59
Other 2.64

Sector Allocation

Sector Allocation
Name Percent
Financial Services 29.67
Energy 17.45
Industrial Services 10.93
Real Estate 7.54
Basic Materials 7.39
Other 27.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.96
Latin America 1.37
Europe 0.66
Other 0.01

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 7.59
Bank of Montreal 4.97
Canadian National Railway Co 4.78
Canadian Imperial Bank of Commerce 4.63
Microsoft Corp 3.76
Canadian Natural Resources Ltd 3.63
Teck Resources Ltd Cl B 3.17
ARC Resources Ltd 2.58
Telus Corp 2.43
Pembina Pipeline Corp 2.26

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)

Renaissance High Income Fund Class A

Median

Other - Canadian Div & Inc Equity

3 Yr Annualized

Standard Deviation 9.51% 11.47% 10.28%
Beta 0.66% 0.69% 0.73%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.87% 0.89% 0.81%
Sharpe 0.18% 0.35% 0.30%
Sortino 0.23% 0.36% 0.20%
Treynor 0.03% 0.06% 0.04%
Tax Efficiency 25.14% 42.37% 17.38%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 5 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 9.44% 9.51% 11.47% 10.28%
Beta 0.71% 0.66% 0.69% 0.73%
Alpha -0.04% -0.01% -0.01% -0.01%
Rsquared 0.94% 0.87% 0.89% 0.81%
Sharpe -0.25% 0.18% 0.35% 0.30%
Sortino -0.09% 0.23% 0.36% 0.20%
Treynor -0.03% 0.03% 0.06% 0.04%
Tax Efficiency - 25.14% 42.37% 17.38%

Fundata ESG Metrics

Fundata ESG Score

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

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

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

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.

Fund Details

Start Date February 13, 1997
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $405

Fund Codes

FundServ Code Load Code Sales Status
ATL1879
ATL1880
ATL2880

Investment Objectives

The Fund's objective is to achieve the highest possible return that is consistent with a conservative fundamental investment philosophy through investment primarily in a balanced and diversified portfolio of Canadian income securities. 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: intends to invest mainly in Canadian and U.S. fixed income securities and common shares with varying exposures to these areas depending on their relative attractiveness; may invest in securities of foreign issuers to an extent that will vary from time to time but is not generally expected to exceed 30% of the Fund’s NAV; may from time to time invest to a lesser extent in convertible debentures and preferred equities.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 09-17-2008
David George 02-20-2020
Steve Vertes 02-20-2020

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 2.31%
Management Fee 1.90%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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