Join Fund Library now and get free access to personalized features to help you manage your investments.

Renaissance Money Market Fund Class A

Canadian Money Market

NAVPS
(04-18-2024)
$10.00
Change
$0.00 (0.01%)

As at March 31, 2024

As at March 31, 2024

Period
Loading...

Legend

Renaissance Money Market Fund Class A

Compare Options


Fund Returns

Inception Return (January 02, 1987): 3.41%

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 0.37% 1.20% 2.42% 1.20% 4.80% 3.82% 2.57% 1.98% 1.84% 1.74% 1.58% 1.42% 1.28% 1.22%
Benchmark 0.40% 1.21% 2.46% 1.21% 4.85% 3.91% 2.64% 2.02% 1.95% 1.87% 1.72% 1.56% 1.45% 1.39%
Category Average 0.33% 2.23% 2.23% 1.06% 4.22% 3.17% 2.06% 1.59% 1.48% 1.39% 1.25% 1.11% 1.01% 0.93%
Category Rank 117 / 235 96 / 233 99 / 232 96 / 233 81 / 219 69 / 207 67 / 200 64 / 190 54 / 174 54 / 159 55 / 154 54 / 151 57 / 145 52 / 139
Quartile Ranking 2 2 2 2 2 2 2 2 2 2 2 2 2 2

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.35% 0.41% 0.37% 0.40% 0.40% 0.38% 0.42% 0.40% 0.39% 0.44% 0.38% 0.37%
Benchmark 0.35% 0.36% 0.37% 0.40% 0.41% 0.41% 0.41% 0.41% 0.41% 0.40% 0.40% 0.40%

Best Monthly Return Since Inception

1.26% (June 1990)

Worst Monthly Return Since Inception

0.01% (October 2015)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.65% 0.32% 0.24% 0.48% 1.11% 1.34% 0.50% 0.10% 1.75% 4.72%
Benchmark 0.91% 0.55% 0.50% 0.65% 1.34% 1.66% 0.56% 0.11% 1.95% 4.71%
Category Average 0.30% 0.02% 0.24% 0.35% 0.69% 1.20% 0.45% -0.11% 1.13% 4.06%
Quartile Ranking 2 3 3 2 2 3 2 2 2 2
Category Rank 59/ 139 76/ 144 76/ 148 68/ 154 78/ 158 99/ 174 93/ 187 87/ 200 70/ 204 72/ 211

Best Calendar Return (Last 10 years)

4.72% (2023)

Worst Calendar Return (Last 10 years)

0.10% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 98.64
Canadian Corporate Bonds 1.35
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 98.65
Fixed Income 1.35

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Banner Trust 0.00% 08-May-2024 5.62
Merit Trust 0.00% 18-Jun-2024 5.34
Royal Bank of Canada 0.00% 09-Apr-2024 4.52
BANK NOVA SCOTIA B C BK ACCEPTANCE 4.51
Plaza Trust 0.00% 04-Jun-2024 4.48
SUMITOMO MITSUI BANK CORP CAN DEP NT DISC 4.44
Pure Grove Funding 0.00% 26-Nov-2024 3.83
Bank of Montreal 0.00% 05-Apr-2024 3.39
Zeus Receivables Trust 0.00% 08-May-2024 3.37
INTER PIPE INC DISC 3.36

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Renaissance Money Market Fund Class A

Median

Other - Canadian Money Market

3 Yr Annualized

Standard Deviation 0.61% 0.54% 0.43%
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino -0.88% -2.01% -2.77%
Treynor - - -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 0.09% 0.61% 0.54% 0.43%
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - -0.88% -2.01% -2.77%
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date January 02, 1987
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $88

Fund Codes

FundServ Code Load Code Sales Status
ATL1025
ATL1125
ATL2125

Investment Objectives

To obtain a high level of income consistent with preservation of capital and liquidity by investing primarily in high quality, short-term debt securities issued or guaranteed by the Government of Canada or any Canadian provincial government, obligations of Canadian banks, trust companies, and corporations. 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: adjusts its term-to-maturity to reflect the Portfolio Advisor’s outlook for interest rates (short average term if rates are expected to rise and long average term if rates are expected to fall); adjusts the allocation of assets by credit quality to reflect the Portfolio Advisor’s view of the attractiveness of non-Government of Canada treasury bills versus Government of Canada treasury bills.

Portfolio Manager(s)

Name Start Date
Stephanie Lessard 12-16-2020
Steven Dubrovsky 12-16-2020

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 0.43%
Management Fee 0.75%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.25%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

Join Fund Library now and get free access to personalized features to help you manage your investments.