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Renaissance U.S. Dollar Diversified Income Fund Class A

Global Fixed Inc Balanced

NAVPS
(04-18-2024)
$8.53
Change
-$0.01 (-0.13%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Renaissance U.S. Dollar Diversified Income Fund Class A

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Fund Returns

Inception Return (September 16, 2013): 3.30%

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 1.80% 1.13% 8.38% 1.13% 5.90% -0.28% -0.75% 2.83% 2.24% 2.55% 2.56% 3.17% 2.82% 3.03%
Benchmark 1.04% 2.83% 9.37% 2.83% 5.66% 2.64% 0.26% 0.62% 1.90% 2.31% 2.72% 3.04% 3.24% 4.26%
Category Average 1.42% 9.52% 9.52% 2.30% 6.66% 1.54% 1.01% 4.45% 2.74% 2.77% 2.74% 3.17% 2.58% 3.02%
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.96% -1.89% 1.36% 0.75% -0.75% -2.68% -2.05% 5.20% 4.02% 0.07% -0.74% 1.80%
Benchmark 1.00% -1.55% -1.21% 0.72% 1.08% -3.41% 0.82% 3.70% 1.73% 0.36% 1.41% 1.04%

Best Monthly Return Since Inception

5.38% (April 2020)

Worst Monthly Return Since Inception

-8.04% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 5.98% -2.62% 9.94% 7.01% -4.18% 15.19% 7.68% 2.44% -13.75% 7.12%
Benchmark 11.35% 16.91% 0.39% 3.81% 5.53% 6.30% 9.09% -0.49% -11.13% 6.74%
Category Average 6.43% 1.21% 4.39% 5.49% -2.85% 9.97% 7.08% 4.51% -11.10% 7.71%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

15.19% (2019)

Worst Calendar Return (Last 10 years)

-13.75% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 68.36
US Equity 14.23
Foreign Government Bonds 7.03
Cash and Equivalents 6.14
International Equity 3.70
Other 0.54

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 75.76
Cash and Cash Equivalent 6.14
Healthcare 3.69
Financial Services 3.28
Consumer Goods 2.77
Other 8.36

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.69
Europe 3.90
Latin America 0.63
Africa and Middle East 0.40
Other 0.38

Top Holdings

Top Holdings
Name Percent
Renaissance U.S. Dollar Corporate Bond Fd Cl O 79.52
Renaissance U.S. Equity Income Fund O U$ 19.99
Cash and Cash Equivalents 0.50

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Renaissance U.S. Dollar Diversified Income Fund Class A

Median

Other - Global Fixed Inc Balanced

3 Yr Annualized

Standard Deviation 8.72% 8.64% 6.78%
Beta 0.92% 0.89% 0.39%
Alpha -0.01% 0.01% 0.02%
Rsquared 0.60% 0.41% 0.15%
Sharpe -0.34% 0.08% 0.27%
Sortino -0.51% -0.06% 0.04%
Treynor -0.03% 0.01% 0.05%
Tax Efficiency - 41.14% -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 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 8.27% 8.72% 8.64% 6.78%
Beta 0.93% 0.92% 0.89% 0.39%
Alpha 0.01% -0.01% 0.01% 0.02%
Rsquared 0.50% 0.60% 0.41% 0.15%
Sharpe 0.16% -0.34% 0.08% 0.27%
Sortino 0.68% -0.51% -0.06% 0.04%
Treynor 0.01% -0.03% 0.01% 0.05%
Tax Efficiency 76.33% - 41.14% -

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) $58

Fund Codes

FundServ Code Load Code Sales Status
ATL2800
ATL2801
ATL2802

Investment Objectives

To generate a high level of income with some potential for capital appreciation by investing primarily in units of mutual funds that invest in fixed income and equity securities 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: invests primarily in units of mutual funds managed by us or our affiliates (the Underlying Funds); has, under normal market conditions, a long-term strategic asset mix of fixed income (65-95%) and equities (5-35%). The Portfolio Advisor may review and adjust the asset mix, in its sole discretion, depending on economic conditions and relative value of income and equity securities.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 09-16-2013

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 1.57%
Management Fee 1.55%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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