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Renaissance U.S. Dollar Corporate Bond Fund Class A
Global Corp Fixed Income
|
NAVPS (07-02-2026) |
$9.43 |
|---|---|
| Change |
-$0.02
(-0.21%)
|
As at May 31, 2026
As at May 31, 2026
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Fund Returns
Inception Return (September 16, 2013): 2.73%
| 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 | 0.57% | -0.72% | 0.36% | 0.40% | 5.40% | 5.55% | 5.60% | 3.52% | 0.50% | 1.17% | 2.13% | 2.46% | 2.15% | 2.49% |
| Benchmark | 0.60% | -1.01% | 0.94% | 0.77% | 5.77% | 6.67% | 6.25% | 4.05% | 0.30% | 1.49% | 2.17% | 2.46% | 2.34% | 2.48% |
| Category Average | 0.66% | -0.24% | 0.78% | 1.02% | 4.32% | 5.39% | 5.59% | 4.11% | 1.77% | 2.47% | 2.67% | 2.87% | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.87% | 0.12% | 1.00% | 1.30% | 0.09% | 0.55% | -0.04% | 0.20% | 0.93% | -1.94% | 0.67% | 0.57% |
| Benchmark | 2.31% | -0.63% | 1.42% | 1.15% | -0.04% | 0.52% | 0.17% | 1.01% | 0.78% | -2.93% | 1.36% | 0.60% |
Best Monthly Return Since Inception
5.24% (November 2023)
Worst Monthly Return Since Inception
-6.86% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 7.77% | 5.67% | -4.15% | 12.92% | 9.41% | -0.86% | -16.11% | 8.65% | 3.21% | 6.96% |
| Benchmark | 4.27% | 9.26% | -3.48% | 11.44% | 10.33% | -2.95% | -16.69% | 9.48% | 1.23% | 10.30% |
| Category Average | - | - | - | 9.03% | 6.89% | 0.56% | -10.54% | 7.62% | 5.63% | 4.93% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
Best Calendar Return (Last 10 years)
12.92% (2019)
Worst Calendar Return (Last 10 years)
-16.11% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 91.47 |
| Foreign Government Bonds | 4.94 |
| Cash and Equivalents | 2.90 |
| Canadian Corporate Bonds | 0.58 |
| Canadian Government Bonds | 0.11 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 97.10 |
| Cash and Cash Equivalent | 2.90 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 93.84 |
| Europe | 4.05 |
| Asia | 1.03 |
| Latin America | 0.27 |
| Other | 0.81 |
Top Holdings
| Name | Percent |
|---|---|
| UNITED STATES TREASURY NOTE/BOND 4.38% 15-May-2036 | 1.08 |
| Cash and Cash Equivalents | 1.04 |
| Time Warner Cable LLC 6.55% 01-May-2037 | 0.92 |
| UNITED STATES TREASURY NOTE/BOND 4.75% 15-Feb-2056 | 0.81 |
| UNITED STATES TREASURY NOTE/BOND - WHEN ISSUED 3.88% 30-Apr-2031 | 0.79 |
| CVS Health Corp 5.05% 25-Sep-2047 | 0.74 |
| Goldman Sachs Group Inc 2.38% 21-Jul-2031 | 0.72 |
| Bank of America Corp 5.29% 25-Apr-2033 | 0.71 |
| Morgan Stanley 5.23% 15-Jan-2030 | 0.70 |
| AT&T Inc 6.15% 15-Sep-2034 | 0.61 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Renaissance U.S. Dollar Corporate Bond Fund Class A
Median
Other - Global Corp Fixed Income
3 Yr Annualized
| Standard Deviation | 5.63% | 7.20% | 6.42% |
|---|---|---|---|
| Beta | 0.62 | 0.82 | 0.59 |
| Alpha | 0.02 | -0.02 | 0.01 |
| Rsquared | 0.27% | 0.50% | 0.33% |
| Sharpe | 0.36 | -0.30 | 0.12 |
| Sortino | 0.78 | -0.41 | -0.07 |
| Treynor | 0.03 | -0.03 | 0.01 |
| Tax Efficiency | 75.48% | - | 49.89% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.24% | 5.63% | 7.20% | 6.42% |
| Beta | 0.44 | 0.62 | 0.82 | 0.59 |
| Alpha | 0.03 | 0.02 | -0.02 | 0.01 |
| Rsquared | 0.34% | 0.27% | 0.50% | 0.33% |
| Sharpe | 0.91 | 0.36 | -0.30 | 0.12 |
| Sortino | 1.04 | 0.78 | -0.41 | -0.07 |
| Treynor | 0.07 | 0.03 | -0.03 | 0.01 |
| Tax Efficiency | 71.42% | 75.48% | - | 49.89% |
Fund Details
| Start Date | September 16, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | USD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $253 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ATL2472 | ||
| ATL2473 | ||
| ATL2474 |
Investment Objectives
To obtain a high level of current income by investing primarily in bonds, debentures, notes, and other debt instruments of issuers located in the United States. 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: intends to position the portfolio based primarily on security selection, sector allocation, and average term-to-maturity. Assets are allocated to those instruments and sectors of the corporate bond market that are expected to outperform; undertakes a bottom-up analysis of corporate bond issuers combined with top-down analysis of an industry’s potential in a given economic environment.
Portfolio Management
| Portfolio Manager |
CIBC Asset Management Inc. |
|---|---|
| Sub-Advisor |
MetLife Investment Management, LLC
|
Management and Organization
| Fund Manager |
CIBC Asset Management Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
CIBC Asset Management Inc. |
| Distributor |
- |
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 | 1.28% |
|---|---|
| Management Fee | 1.25% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.75% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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