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Renaissance Canadian Core Value Fund Class A

Canadian Focused Equity

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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
(11-05-2024)
$48.43
Change
$0.22 (0.47%)

As at September 30, 2024

As at September 30, 2024

As at July 31, 2024

Period
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Legend

Renaissance Canadian Core Value Fund Class A

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Fund Returns

Inception Return (September 23, 1994): 6.63%

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 3.18% 10.54% 7.70% 13.58% 21.56% 14.24% 7.59% 12.95% 8.13% 7.00% 6.59% 6.89% 7.52% 4.81%
Benchmark 2.88% 8.57% 9.34% 17.80% 27.51% 19.52% 9.03% 12.85% 10.81% 9.82% 9.54% 9.56% 9.86% 8.57%
Category Average 2.24% 6.78% 6.97% 15.47% 23.97% 17.83% 8.12% 12.21% 10.16% 8.70% 8.30% 8.32% 8.39% 7.15%
Category Rank 71 / 585 5 / 584 270 / 580 437 / 578 415 / 578 492 / 571 352 / 560 289 / 546 483 / 537 452 / 510 433 / 486 375 / 423 349 / 408 365 / 377
Quartile Ranking 1 1 2 4 3 4 3 3 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -3.51% 6.34% 4.31% 0.08% 1.73% 3.59% -2.67% 1.90% -1.77% 5.68% 1.38% 3.18%
Benchmark -2.36% 7.23% 3.38% 0.82% 3.10% 3.64% -1.88% 2.82% -0.17% 4.75% 0.75% 2.88%

Best Monthly Return Since Inception

14.34% (December 1999)

Worst Monthly Return Since Inception

-19.73% (August 1998)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund -0.56% -13.18% 21.58% 8.57% -12.56% 20.45% -3.58% 24.11% -3.55% 6.84%
Benchmark 10.96% -0.77% 14.44% 10.80% -7.14% 21.45% 7.58% 21.76% -8.87% 13.60%
Category Average 9.08% -2.47% 11.42% 8.06% -8.78% 18.54% 7.73% 22.26% -9.42% 13.34%
Quartile Ranking 4 4 1 2 4 3 4 2 1 4
Category Rank 348/ 358 371/ 382 21/ 415 202/ 438 415/ 488 268/ 524 505/ 538 197/ 546 139/ 560 521/ 571

Best Calendar Return (Last 10 years)

24.11% (2021)

Worst Calendar Return (Last 10 years)

-13.18% (2015)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 67.89
US Equity 16.39
International Equity 7.16
Income Trust Units 5.58
Cash and Equivalents 2.97
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Financial Services 30.24
Energy 16.59
Basic Materials 8.05
Industrial Services 6.79
Real Estate 6.30
Other 32.03

Geographic Allocation

Geographic Allocation
Name Percent
North America 89.70
Europe 4.77
Latin America 2.98
Asia 2.52
Africa and Middle East 0.05
Other -0.02

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 5.64
Toronto-Dominion Bank 4.77
Enbridge Inc 4.44
Bank of Montreal 2.62
Canadian Pacific Kansas City Ltd 2.60
Canadian National Railway Co 2.50
Canadian Natural Resources Ltd 2.42
Canadian Imperial Bank of Commerce 2.35
Brookfield Corp Cl A 2.34
Manulife Financial Corp 2.29

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 Canadian Core Value Fund Class A

Median

Other - Canadian Focused Equity

3 Yr Annualized

Standard Deviation 13.40% 16.13% 13.40%
Beta 1.00% 1.08% 1.07%
Alpha -0.01% -0.03% -0.04%
Rsquared 0.92% 0.93% 0.89%
Sharpe 0.36% 0.43% 0.30%
Sortino 0.58% 0.52% 0.27%
Treynor 0.05% 0.06% 0.04%
Tax Efficiency 90.87% 92.43% 88.92%
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 7 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 11.00% 13.40% 16.13% 13.40%
Beta 1.11% 1.00% 1.08% 1.07%
Alpha -0.07% -0.01% -0.03% -0.04%
Rsquared 0.93% 0.92% 0.93% 0.89%
Sharpe 1.41% 0.36% 0.43% 0.30%
Sortino 3.33% 0.58% 0.52% 0.27%
Treynor 0.14% 0.05% 0.06% 0.04%
Tax Efficiency 96.41% 90.87% 92.43% 88.92%

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 September 23, 1994
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $60

Fund Codes

FundServ Code Load Code Sales Status
ATL671
ATL853
ATL901

Investment Objectives

The Fund's investment objective is to achieve long-term investment returns through capital growth by investing in senior issuers that are primarily medium to large Canadian 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: invests in companies with a track record of earnings, which typically have a market capitalization of more than $3 billion; uses a bottom-up, value-oriented approach to investing in equity securities of high quality companies that typically have lower price-to-book and price-to-earnings ratios than the broad market; attempts to hold a portfolio that is well-diversified among different sectors of the S&P/TSX Composite Index.

Portfolio Manager(s)

Name Start Date
Colum McKinley 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 2.17%
Management Fee 1.75%
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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