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

Add to My Watchlist

International Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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
(04-12-2024)
$19.16
Change
-$0.27 (-1.40%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
Loading...

Legend

Renaissance International Equity Currency Neutral Fund Class A

Compare Options


Fund Returns

Inception Return (October 20, 2010): 7.18%

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 1.23% 2.83% -1.19% 8.29% 13.35% 8.50% 5.80% 10.96% 8.35% 8.27% 8.29% 9.00% 6.98% 7.67%
Benchmark 3.12% 7.59% 16.68% 7.59% 15.23% 9.95% 5.89% 11.85% 7.22% 5.75% 6.70% 7.66% 6.18% 6.93%
Category Average 2.83% 15.60% 15.60% 7.06% 12.44% 8.30% 4.27% 10.73% 6.20% 4.82% 5.67% 6.45% 5.01% 5.58%
Category Rank 738 / 782 248 / 774 196 / 762 248 / 774 323 / 741 435 / 718 281 / 693 329 / 655 137 / 619 58 / 539 64 / 475 61 / 422 80 / 365 82 / 336
Quartile Ranking 4 2 2 2 2 3 2 3 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.18% 1.03% 2.44% -1.27% -2.92% -4.10% -1.19% 6.87% 2.97% 2.83% 4.04% 1.23%
Benchmark 2.76% -3.45% 1.52% 3.11% -1.30% -3.65% -1.92% 7.38% 2.98% 0.90% 3.40% 3.12%

Best Monthly Return Since Inception

9.47% (November 2022)

Worst Monthly Return Since Inception

-8.62% (August 2015)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.51% 2.04% 4.81% 17.79% -6.56% 25.73% 9.86% 15.40% -17.15% 16.94%
Benchmark 4.12% 19.41% -1.70% 18.37% -6.81% 16.27% 8.01% 8.97% -10.67% 15.74%
Category Average 1.55% 13.82% -2.56% 17.84% -8.91% 17.54% 7.87% 8.64% -12.60% 13.75%
Quartile Ranking 3 4 1 2 2 1 2 1 4 1
Category Rank 178/ 324 353/ 362 40/ 407 210/ 467 214/ 530 41/ 598 283/ 652 70/ 683 608/ 706 129/ 737

Best Calendar Return (Last 10 years)

25.73% (2019)

Worst Calendar Return (Last 10 years)

-17.15% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 94.02
Cash and Equivalents 4.33
Income Trust Units 1.65

Sector Allocation

Sector Allocation
Name Percent
Healthcare 23.32
Industrial Goods 17.76
Consumer Goods 13.92
Technology 13.47
Industrial Services 7.72
Other 23.81

Geographic Allocation

Geographic Allocation
Name Percent
Europe 63.55
Asia 32.09
North America 4.36

Top Holdings

Top Holdings
Name Percent
Renaissance International Equity Fund Class O 98.64
CANADIAN DOLLAR 0.86
Cash and Cash Equivalents 0.45
US DOLLAR 0.12
AUSTRALIAN DOLLAR 0.00
HONG KONG DOLLAR 0.00
SINGAPORE DOLLAR 0.00
BRITISH POUND 0.00
SWEDISH KRONA 0.00
DANISH KRONER -0.01

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 International Equity Currency Neutral Fund Class A

Median

Other - International Equity

3 Yr Annualized

Standard Deviation 14.49% 13.74% 11.97%
Beta 0.95% 0.89% 0.80%
Alpha 0.00% 0.02% 0.02%
Rsquared 0.77% 0.80% 0.68%
Sharpe 0.28% 0.51% 0.56%
Sortino 0.38% 0.67% 0.63%
Treynor 0.04% 0.08% 0.08%
Tax Efficiency 76.00% 89.51% 90.70%
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 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 10.67% 14.49% 13.74% 11.97%
Beta 0.72% 0.95% 0.89% 0.80%
Alpha 0.02% 0.00% 0.02% 0.02%
Rsquared 0.58% 0.77% 0.80% 0.68%
Sharpe 0.78% 0.28% 0.51% 0.56%
Sortino 1.75% 0.38% 0.67% 0.63%
Treynor 0.12% 0.04% 0.08% 0.08%
Tax Efficiency 100.00% 76.00% 89.51% 90.70%

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 Annual
Assets ($mil) $59

Fund Codes

FundServ Code Load Code Sales Status
ATL1240
ATL1241
ATL1242

Investment Objectives

To seek long-term capital growth primarily through exposure to an international equity fund that invests primarily in equity securities of foreign companies located in Europe, the Far East, and the Pacific Rim (the Underlying Fund). The Fund will attempt to reduce its currency exposure to non-Canadian dollar currencies by implementing a currency hedging strategy that is aimed at protecting the Fund from non-Canadian dollar currency fluctuations in respect of units it owns in the Underlying Fund.

Investment Strategy

To achieve its investment objectives, the Fund: invests primarily in units of Renaissance International Equity 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
Roy Leckie 12-16-2020
Charles Macquaker 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 2.25%
Management Fee 1.90%
Load Front Fee Only
FE Max 1.00%
DSC Max -
LL Max 1.00%
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.