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Renaissance Global Real Estate Fund Class A

Real Estate Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2014

Click for more information on Fundata’s FundGrade

NAVPS
(06-14-2024)
$13.55
Change
-$0.01 (-0.06%)

As at May 31, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Legend

Renaissance Global Real Estate Fund Class A

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Fund Returns

Inception Return (October 20, 2010): 5.36%

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 3.16% 1.67% 5.66% -0.05% 7.16% -1.22% -1.38% 3.48% 0.23% 2.27% 1.87% 2.57% 3.00% 4.61%
Benchmark 2.73% 0.36% 5.38% -2.32% 8.31% 0.09% 1.08% 5.58% 0.87% 2.77% 2.35% 2.70% 3.63% 5.43%
Category Average 2.72% 4.01% 4.01% -2.38% 3.97% -3.39% -1.60% 3.15% 0.64% 2.24% 2.24% 2.62% 2.89% 4.15%
Category Rank 38 / 141 18 / 141 25 / 141 15 / 141 32 / 136 26 / 134 67 / 126 60 / 124 84 / 118 57 / 102 70 / 99 53 / 93 45 / 80 35 / 76
Quartile Ranking 2 1 1 1 1 1 3 2 3 3 3 3 3 2

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.64% 2.84% -0.70% -6.34% -2.81% 8.41% 5.71% -2.77% 1.10% 3.33% -4.63% 3.16%
Benchmark 0.71% 3.22% -0.62% -6.39% -2.07% 8.53% 7.88% -3.79% 1.17% 2.80% -4.98% 2.73%

Best Monthly Return Since Inception

13.13% (January 2015)

Worst Monthly Return Since Inception

-15.65% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 21.83% 19.84% -1.59% 3.94% 2.46% 16.50% -6.34% 23.71% -21.40% 7.02%
Benchmark 30.89% 21.00% 1.59% 1.40% 2.74% 15.42% -11.04% 30.68% -19.44% 10.39%
Category Average 20.48% 11.96% 1.20% 5.38% 0.16% 19.52% -6.93% 27.77% -21.53% 6.48%
Quartile Ranking 3 2 3 4 1 4 3 4 2 3
Category Rank 47/ 73 29/ 78 67/ 93 74/ 95 24/ 100 102/ 110 62/ 120 117/ 126 44/ 126 75/ 136

Best Calendar Return (Last 10 years)

23.71% (2021)

Worst Calendar Return (Last 10 years)

-21.40% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 60.63
International Equity 24.09
Income Trust Units 13.64
Cash and Equivalents 1.64

Sector Allocation

Sector Allocation
Name Percent
Real Estate 96.45
Cash and Cash Equivalent 1.64
Consumer Services 1.30
Telecommunications 0.61

Geographic Allocation

Geographic Allocation
Name Percent
North America 64.44
Asia 20.69
Europe 14.84
Latin America 0.05
Other -0.02

Top Holdings

Top Holdings
Name Percent
Welltower Inc 7.01
Prologis Inc 6.88
Digital Realty Trust Inc 5.62
Invitation Homes Inc 5.08
Simon Property Group Inc 4.63
Realty Income Corp 3.03
Goodman Group - Units 2.67
Equinix Inc 2.61
Cash and Cash Equivalents 2.50
VICI Properties Inc 2.43

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 Global Real Estate Fund Class A

Median

Other - Real Estate Equity

3 Yr Annualized

Standard Deviation 15.64% 15.39% 13.98%
Beta 0.92% 0.89% 0.89%
Alpha -0.02% -0.01% 0.00%
Rsquared 0.97% 0.97% 0.96%
Sharpe -0.20% -0.04% 0.29%
Sortino -0.28% -0.13% 0.26%
Treynor -0.03% -0.01% 0.05%
Tax Efficiency - - 79.32%
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 15.01% 15.64% 15.39% 13.98%
Beta 0.92% 0.92% 0.89% 0.89%
Alpha 0.00% -0.02% -0.01% 0.00%
Rsquared 0.97% 0.97% 0.97% 0.96%
Sharpe 0.21% -0.20% -0.04% 0.29%
Sortino 0.53% -0.28% -0.13% 0.26%
Treynor 0.03% -0.03% -0.01% 0.05%
Tax Efficiency 93.09% - - 79.32%

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 October 20, 2010
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $85

Fund Codes

FundServ Code Load Code Sales Status
ATL1255
ATL1256
ATL1257

Investment Objectives

The Fund seeks long-term capital growth by investing primarily in equity securities of companies throughout the world that are involved in, or that indirectly benefit from, management companies, commercial, industrial, and residential properties, or other investment in the real estate sector. 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 substantially all of its net assets in common stocks and other equity securities issued by U.S. and non-U.S. real estate companies, including real estate investment trusts (REITs) and similar REIT-like entities. REITs are companies that own interests in real estate or in real estate related loans or other interests, and their revenue primarily consists of rent derived from owned, income producing real estate properties and capital gains.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 10-14-2010
Cohen & Steers Capital Management, Inc. 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 2.27%
Management Fee 2.05%
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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