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Renaissance Flexible Yield Fund Class A
Multi-Sector Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade B
Click for more information on Fundata’s FundGrade.
|
NAVPS (10-14-2026) |
$9.22 |
|---|---|
| Change |
$0.01
(0.12%)
|
As at September 30, 2026
As at September 30, 2026
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Legend
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Fund Returns
Inception Return (April 18, 2016): 3.61%
| 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 | 1.61% | -0.48% | 2.61% | 4.33% | 4.05% | 6.40% | 7.41% | 6.25% | 4.39% | 3.86% | 3.41% | 3.76% | 3.83% | 3.29% |
| Benchmark | -0.48% | -3.06% | -0.10% | 0.52% | -0.49% | 3.41% | 6.74% | 5.90% | 1.35% | 0.52% | 1.47% | 2.56% | 2.53% | 1.96% |
| Category Average | -2.08% | -2.71% | -1.12% | -1.78% | -1.04% | 1.39% | 4.56% | - | - | - | - | - | - | - |
| Category Rank | 5 / 296 | 22 / 295 | 13 / 294 | 9 / 289 | 13 / 287 | 10 / 262 | 27 / 255 | 47 / 247 | 19 / 229 | 33 / 221 | 40 / 201 | 38 / 182 | 34 / 159 | 46 / 134 |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.15% | 0.05% | -1.45% | -0.35% | 0.73% | 1.29% | -1.76% | 1.82% | 3.06% | -1.25% | -0.82% | 1.61% |
| Benchmark | 0.61% | -0.13% | -1.47% | -0.26% | 1.58% | -0.69% | -1.08% | 1.62% | 2.52% | -1.95% | -0.66% | -0.48% |
Best Monthly Return Since Inception
4.06% (February 2018)
Worst Monthly Return Since Inception
-9.10% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | -2.52% | 7.54% | 1.03% | 0.47% | 2.27% | -2.97% | 4.11% | 16.43% | 1.34% |
| Benchmark | 1.29% | 1.23% | 6.50% | 4.01% | 7.35% | -4.31% | -10.27% | 5.25% | 9.76% | 4.31% |
| Category Average | - | - | - | - | - | - | - | - | 3.89% | 5.80% |
| Quartile Ranking | - | 4 | 1 | 4 | 4 | 2 | 1 | 4 | 1 | 4 |
| Category Rank | - | 145/ 145 | 7/ 171 | 191/ 191 | 199/ 210 | 65/ 221 | 10/ 229 | 243/ 247 | 7/ 256 | 273/ 273 |
Best Calendar Return (Last 10 years)
16.43% (2024)
Worst Calendar Return (Last 10 years)
-2.97% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 37.53 |
| Foreign Bonds - Other | 24.68 |
| Mortgages | 18.86 |
| Foreign Government Bonds | 15.59 |
| Derivatives | 4.64 |
| Other | -1.30 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 96.71 |
| Cash and Cash Equivalent | -1.35 |
| Other | 4.64 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 85.84 |
| Latin America | 4.93 |
| Europe | 1.42 |
| Asia | 1.35 |
| Africa and Middle East | 0.88 |
| Other | 5.58 |
Top Holdings
| Name | Percent |
|---|---|
| USD CSH SWP CIBC FFU-25 3.75% 31-Dec-2049 | 4.64 |
| United States Treasury 0.75% 31-Jan-2028 | 4.24 |
| United States Treasury 0.13% 15-Apr-2027 | 2.11 |
| United States Treasury 1.63% 15-Oct-2027 | 2.10 |
| United States Treasury 2.38% 15-Jan-2027 | 1.05 |
| Connecticut Avenue Securities 6.82% 25-Feb-2035 | 0.89 |
| VERUS SECURITIZATION TRUST 2025-3 7.51% 25-May-2070 | 0.80 |
| Progress Resdntl Master Trust 3.40% 17-Apr-2041 | 0.69 |
| NYMT LOAN TRUST 2025-INV2 6.99% 25-Oct-2060 | 0.65 |
| Progress Resdntl Master Trust 4.00% 17-Jun-2041 | 0.61 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Renaissance Flexible Yield Fund Class A
Median
Other - Multi-Sector Fixed Income
3 Yr Annualized
| Standard Deviation | 5.28% | 5.56% | 6.50% |
|---|---|---|---|
| Beta | 0.68 | 0.47 | 0.64 |
| Alpha | 0.03 | 0.04 | 0.02 |
| Rsquared | 0.32% | 0.26% | 0.35% |
| Sharpe | 0.76 | 0.25 | 0.23 |
| Sortino | 1.27 | 0.37 | 0.09 |
| Treynor | 0.06 | 0.03 | 0.02 |
| Tax Efficiency | 71.88% | 56.74% | - |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.22% | 5.28% | 5.56% | 6.50% |
| Beta | 0.89 | 0.68 | 0.47 | 0.64 |
| Alpha | 0.04 | 0.03 | 0.04 | 0.02 |
| Rsquared | 0.65% | 0.32% | 0.26% | 0.35% |
| Sharpe | 0.36 | 0.76 | 0.25 | 0.23 |
| Sortino | 0.34 | 1.27 | 0.37 | 0.09 |
| Treynor | 0.02 | 0.06 | 0.03 | 0.02 |
| Tax Efficiency | 52.91% | 71.88% | 56.74% | - |
Fund Details
| Start Date | April 18, 2016 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,261 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ATL3694 | FE | Open |
| ATL3695 | LSC | Open |
| ATL3696 | DSC | Open |
Investment Objectives
The Fund seeks to generate long-term total return and current income by investing primarily in high yielding debt and investment grade fixed income 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: employs a total return approach to buying debt securities with higher yields; uses a top-down and relative value process to allocate across country, currency, and sector allocations, as well as active management in interest rate decisions. The portfolio sub-advisor can be highly tactical in these allocations; seeks diversified sources of yield across the debt securities spectrum including
Portfolio Management
| Portfolio Manager |
CIBC Asset Management Inc. |
|---|---|
| Sub-Advisor |
DoubleLine Capital LP
|
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 | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 50 |
Fees
| MER | 1.41% |
|---|---|
| Management Fee | 1.20% |
| 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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