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Renaissance Floating Rate Income Fund Class A

Floating Rate Loan

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2016

Click for more information on Fundata’s FundGrade

NAVPS
(08-12-2025)
$10.68
Change
$0.00 (-0.01%)

As at July 31, 2025

As at July 31, 2025

Period
Created with Highcharts 10.3.3Jul 2014Jul 2015Jul 2016Jul 2017Jul 2018Jul 2019Jul 2020Jul 2021Jul 2022Jul 2023Jul 2024Jul 2025Oct 2022Jan 2023Apr 2023Oct 2023Jan 2024Apr 2024Oct 2024Jan 2025Apr 2025Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025$7,500$10,000$12,500$15,000$17,500$20,000$22,500$9,000$11,000$12,000$13,000$14,000Period

Legend

Renaissance Floating Rate Income Fund Class A

Compare Options


Fund Returns

Inception Return (September 16, 2013): 6.06%

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 2.49% 3.18% -2.24% -0.58% 6.79% 10.80% 10.80% 7.93% 6.29% 5.54% 5.49% 5.60% 4.95% 4.56%
Benchmark -0.61% 3.35% 7.86% 9.60% 12.97% 13.66% 16.89% 8.22% 7.42% 6.55% 5.66% 5.47% 5.66% 5.42%
Category Average 0.62% 2.51% 0.89% 1.38% 4.43% 6.10% 6.08% 3.69% 4.52% 3.03% 3.07% 3.15% 3.47% 3.20%
Category Rank 5 / 76 10 / 76 72 / 76 68 / 76 7 / 76 6 / 75 8 / 75 8 / 74 19 / 74 14 / 69 9 / 66 9 / 66 13 / 57 14 / 53
Quartile Ranking 1 1 4 4 1 1 1 1 2 1 1 1 1 2

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%
Monthly Return
Return % Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Fund -1.63% 0.97% 3.42% 1.52% 3.01% 1.70% -0.35% -0.92% -4.04% 0.70% -0.02% 2.49%
Benchmark 0.46% 1.62% 0.99% -1.53% 1.52% 1.61% 0.58% 3.62% 0.14% 0.79% 3.17% -0.61%

Best Monthly Return Since Inception

9.61% (January 2015)

Worst Monthly Return Since Inception

-5.53% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 17.70% 3.39% -3.71% 7.06% 3.75% 0.49% 3.14% 3.66% 9.11% 17.56%
Benchmark 11.20% 4.59% 6.15% 2.81% 1.22% 5.27% -0.97% -0.86% 14.42% 11.13%
Category Average -0.88% 8.41% 4.02% 0.32% 6.37% -0.22% 4.16% -4.30% 9.97% 6.92%
Quartile Ranking 1 4 4 1 4 2 4 1 4 1
Category Rank 7/ 53 54/ 54 56/ 57 8/ 66 64/ 68 23/ 74 62/ 74 9/ 74 62/ 75 7/ 76

Best Calendar Return (Last 10 years)

17.70% (2015)

Worst Calendar Return (Last 10 years)

-3.71% (2017)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 92.34
Cash and Equivalents 6.58
Foreign Bonds - Other 0.94
Canadian Corporate Bonds 0.13
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.42
Cash and Cash Equivalent 6.58

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.68
Europe 0.40
Other 2.92

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 6.09
NEW FORTRESS ENERGY 10/23 COV- TL 0.77
CULLIGAN12/24 TLB 0.70
ALIXPARTNERS 2/21 (USD) COV-LI 0.70
SEDGWICK CMS 2/23 TLB 0.66
MEDIWARE INFO TLB 0.65
US DOLLAR 0.64
MEDLINE INDUSTRIES/MOZART 5/24 ADD-ON TL 0.64
TEKNI-PLEX 10/24 B6 TLB 0.63
AIR MEDICAL 4/24 TL 0.61

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return1234567-2%0%2%4%6%8%10%12%14%

Renaissance Floating Rate Income Fund Class A

Median

Other - Floating Rate Loan

3 Yr Annualized

Standard Deviation 5.57% 5.86% 6.39%
Beta 0.02% 0.21% 0.44%
Alpha 0.10% 0.05% 0.02%
Rsquared 0.00% 0.05% 0.26%
Sharpe 1.16% 0.64% 0.46%
Sortino 2.44% 0.89% 0.37%
Treynor 3.08% 0.18% 0.07%
Tax Efficiency 76.57% 63.43% 52.21%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.35% 5.57% 5.86% 6.39%
Beta -0.13% 0.02% 0.21% 0.44%
Alpha 0.08% 0.10% 0.05% 0.02%
Rsquared 0.01% 0.00% 0.05% 0.26%
Sharpe 0.49% 1.16% 0.64% 0.46%
Sortino 0.79% 2.44% 0.89% 0.37%
Treynor -0.28% 3.08% 0.18% 0.07%
Tax Efficiency 60.84% 76.57% 63.43% 52.21%

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 Monthly
Assets ($mil) $1,695

Fund Codes

FundServ Code Load Code Sales Status
ATL2503
ATL2504
ATL2505

Investment Objectives

To generate a high level of current income, primarily through investment in senior floating rate loans and other floating rate debt instruments as well as lower-rated debt securities, of issuers located anywhere in the world. 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 U.S. dollar denominated senior floating rate loans and other floating rate debt instruments of borrowers and issuers located anywhere in the world. The rate of interest payable on floating rate loans and debt instruments adjusts or varies periodically at a margin above a generally recognized base lending rate such as the London Interbank Offered Rate, Bankers’ Acceptance, a prime rate, or another base lending rate.

Portfolio Management

Portfolio Manager

CIBC Asset Management Inc.

Sub-Advisor

Ares Capital Management II 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 1.45%
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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