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

Renaissance Global Real Estate Currency Neutral 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

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-21-2024)
$10.53
Change
-$0.07 (-0.66%)

As at April 30, 2024

As at April 30, 2024

As at February 29, 2024

Period
Loading...

Legend

Renaissance Global Real Estate Currency Neutral Fund Class A

Compare Options


Fund Returns

Inception Return (October 20, 2010): 3.68%

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 -5.44% -1.57% 11.85% -4.80% 0.34% -8.08% -3.97% 3.70% -0.15% 1.66% 1.90% 2.19% 1.76% 3.30%
Benchmark -4.98% -1.17% 11.32% -4.92% 1.47% -4.29% 0.20% 4.73% 0.40% 2.73% 1.90% 2.96% 3.55% 5.34%
Category Average -5.73% 9.52% 9.52% -4.99% -2.47% -7.35% -2.32% 2.64% 0.18% 2.10% 1.88% 2.68% 2.64% 4.08%
Category Rank 66 / 138 55 / 138 12 / 138 75 / 138 26 / 133 91 / 131 118 / 123 29 / 117 80 / 115 78 / 99 55 / 95 71 / 93 69 / 81 65 / 77
Quartile Ranking 2 2 1 3 1 3 4 1 3 4 3 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -3.38% 3.19% 2.89% -2.39% -6.09% -4.60% 9.64% 7.16% -3.29% 0.44% 3.64% -5.44%
Benchmark -3.76% 0.71% 3.22% -0.62% -6.39% -2.07% 8.53% 7.88% -3.79% 1.17% 2.80% -4.98%

Best Monthly Return Since Inception

10.23% (October 2011)

Worst Monthly Return Since Inception

-19.53% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 17.25% 4.00% 2.21% 7.33% -3.78% 22.17% -7.98% 27.02% -24.42% 9.39%
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 4 4 2 2 4 1 4 3 4 1
Category Rank 60/ 74 70/ 79 42/ 93 31/ 94 96/ 99 22/ 107 89/ 117 76/ 123 108/ 123 15/ 133

Best Calendar Return (Last 10 years)

27.02% (2021)

Worst Calendar Return (Last 10 years)

-24.42% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 60.14
International Equity 25.34
Income Trust Units 13.00
Cash and Equivalents 1.53
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Real Estate 96.62
Cash and Cash Equivalent 1.52
Consumer Services 1.29
Telecommunications 0.57

Geographic Allocation

Geographic Allocation
Name Percent
North America 63.72
Asia 21.76
Europe 14.47
Latin America 0.05

Top Holdings

Top Holdings
Name Percent
Renaissance Global Real Estate Fund Class A 100.01
CANADIAN DOLLAR 0.18
HONG KONG DOLLAR 0.01
US DOLLAR 0.00
BRITISH POUND 0.00
EUROPEAN CURRENCY UNIT 0.00
SWEDISH KRONA 0.00
SINGAPORE DOLLAR 0.00
AUSTRALIAN DOLLAR -0.01
Cash and Cash Equivalents -0.07

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 Currency Neutral Fund Class A

Median

Other - Real Estate Equity

3 Yr Annualized

Standard Deviation 17.78% 18.01% 14.86%
Beta 1.03% 1.02% 0.87%
Alpha -0.04% 0.00% -0.01%
Rsquared 0.94% 0.94% 0.82%
Sharpe -0.30% -0.03% 0.20%
Sortino -0.42% -0.11% 0.12%
Treynor -0.05% 0.00% 0.03%
Tax Efficiency - - 63.89%
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 17.84% 17.78% 18.01% 14.86%
Beta 1.04% 1.03% 1.02% 0.87%
Alpha -0.01% -0.04% 0.00% -0.01%
Rsquared 0.93% 0.94% 0.94% 0.82%
Sharpe -0.17% -0.30% -0.03% 0.20%
Sortino -0.11% -0.42% -0.11% 0.12%
Treynor -0.03% -0.05% 0.00% 0.03%
Tax Efficiency - - - 63.89%

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) $7

Fund Codes

FundServ Code Load Code Sales Status
ATL1260
ATL1261
ATL1262

Investment Objectives

The Fund seeks long-term capital growth primarily through exposure to a global real estate fund that invests 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 (the Underlying Fund).

Investment Strategy

To achieve its investment objectives, the Fund: invests primarily in units of Renaissance Global Real Estate Fund. The Fund may also invest in other funds managed by us or our affiliates where the investment is consistent with the investment objectives and strategies of the Fund; may, from time to time, change the Underlying Fund in which the Fund invests without notice to unitholders.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 10-14-2010

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 2.37%
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) -

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