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Renaissance U.S. Equity Income Fund Class A

U.S. Div & Inc Equity

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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

Fundata ESG Grade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2017, 2016

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NAVPS
(05-21-2024)
$18.67
Change
-$0.04 (-0.23%)

As at April 30, 2024

As at April 30, 2024

As at February 29, 2024

Period
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Legend

Renaissance U.S. Equity Income Fund Class A

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Fund Returns

Inception Return (September 16, 2013): 9.80%

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 -1.00% 4.22% 9.98% 6.34% 4.07% 5.39% 6.43% 7.70% 5.31% 7.00% 5.63% 7.74% 8.08% 9.00%
Benchmark -2.70% 7.00% 19.89% 10.21% 24.18% 16.33% 12.19% 16.16% 13.73% 14.54% 13.35% 15.12% 13.99% 14.98%
Category Average -2.45% - - - - - - - - - - - - -
Category Rank 35 / 229 169 / 228 227 / 228 168 / 228 211 / 220 193 / 217 155 / 213 208 / 211 185 / 197 146 / 172 134 / 145 106 / 123 84 / 108 62 / 81
Quartile Ranking 1 3 4 3 4 4 3 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -3.88% 1.63% 0.94% -0.24% -3.04% -0.79% 2.90% 0.50% 2.03% 1.70% 3.51% -1.00%
Benchmark 0.62% 3.76% 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07% -2.70%

Best Monthly Return Since Inception

7.90% (January 2015)

Worst Monthly Return Since Inception

-8.28% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 20.98% 18.19% 14.43% 4.55% 2.39% 17.50% -2.24% 15.22% 3.06% -0.24%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average - - - - - - - - - -
Quartile Ranking 2 1 2 3 2 4 4 4 1 4
Category Rank 18/ 69 10/ 101 43/ 119 104/ 142 52/ 170 151/ 196 184/ 211 213/ 213 12/ 216 211/ 217

Best Calendar Return (Last 10 years)

20.98% (2014)

Worst Calendar Return (Last 10 years)

-2.24% (2020)

Asset Allocation

Asset Allocation
Name Percent
US Equity 69.02
International Equity 18.19
Foreign Corporate Bonds 8.32
Cash and Equivalents 3.78
Income Trust Units 0.72
Other -0.03

Sector Allocation

Sector Allocation
Name Percent
Healthcare 18.44
Consumer Goods 14.44
Financial Services 13.10
Fixed Income 8.32
Energy 7.59
Other 38.11

Geographic Allocation

Geographic Allocation
Name Percent
North America 81.84
Europe 16.86
Other 1.30

Top Holdings

Top Holdings
Name Percent
Johnson & Johnson 5.39
Medtronic PLC 5.33
Exxon Mobil Corp 2.60
ONEOK Inc 2.46
Norfolk Southern Corp 2.37
Kimberly-Clark Corp 2.35
Becton Dickinson and Co 2.30
Colgate-Palmolive Co 2.16
Mondelez International Inc Cl A 2.08
Cash and Cash Equivalents 2.01

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 U.S. Equity Income Fund Class A

Median

Other - U.S. Div & Inc Equity

3 Yr Annualized

Standard Deviation 8.78% 10.24% 9.74%
Beta 0.48% 0.60% 0.66%
Alpha 0.01% -0.03% -0.01%
Rsquared 0.64% 0.71% 0.74%
Sharpe 0.44% 0.36% 0.79%
Sortino 0.67% 0.39% 1.01%
Treynor 0.08% 0.06% 0.12%
Tax Efficiency 83.93% 79.33% -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.82% 8.78% 10.24% 9.74%
Beta 0.51% 0.48% 0.60% 0.66%
Alpha -0.07% 0.01% -0.03% -0.01%
Rsquared 0.59% 0.64% 0.71% 0.74%
Sharpe -0.07% 0.44% 0.36% 0.79%
Sortino 0.23% 0.67% 0.39% 1.01%
Treynor -0.01% 0.08% 0.06% 0.12%
Tax Efficiency 71.10% 83.93% 79.33% -

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.

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Fund Details

Start Date September 16, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $1,387

Fund Codes

FundServ Code Load Code Sales Status
ATL2486
ATL2487
ATL2488

Investment Objectives

To seek current income and long-term capital growth by investing primarily in a diversified portfolio of equity securities of companies 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: seeks to invest primarily in common shares of companies located in the United States with a favourable income-paying history and that have prospects for income payments to continue or increase, but may also invest in securities of companies located in the United States that can be converted into common shares; seeks also to invest in companies that the portfolio sub-advisor believes are undervalued and have the potential for an increase in price.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 09-16-2013
Phil Davidson 08-03-2021

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

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 2.01%
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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