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Renaissance Flexible Yield Fund Class A

Multi-Sector Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(07-22-2025)
$9.02
Change
-$0.05 (-0.52%)

As at June 30, 2025

As at June 30, 2025

Period
Created with Highcharts 10.3.3Sep 2016May 2017Jan 2018Sep 2018May 2019Jan 2020Sep 2020May 2021Jan 2022Sep 2022May 2023Jan 2024Sep 2024May 2025Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2017Jan 2019Jul 2020Jan 2022Jul 2023Jan 2025$9,000$10,000$11,000$12,000$13,000$14,000$15,000Period

Legend

Renaissance Flexible Yield Fund Class A

Compare Options


Fund Returns

Inception Return (April 18, 2016): 3.24%

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 0.11% -3.89% -2.19% -2.19% 6.43% 8.90% 7.12% 4.12% 3.29% 2.90% 3.01% 2.97% 3.10% -
Benchmark 1.36% -0.99% 1.81% 1.81% 9.27% 8.23% 6.85% 1.47% 0.26% 1.58% 2.25% 2.26% 2.20% 3.08%
Category Average 1.33% 1.67% 2.91% 2.91% 6.01% 5.51% - - - - - - - -
Category Rank 318 / 318 315 / 318 312 / 313 312 / 313 153 / 299 37 / 289 66 / 288 26 / 270 86 / 251 78 / 236 88 / 219 68 / 194 74 / 169 -
Quartile Ranking 4 4 4 4 3 1 1 1 2 2 2 2 2 -

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.95% -1.56% 1.25% 2.72% 1.34% 2.86% 1.76% 0.41% -0.38% -4.10% 0.11% 0.11%
Benchmark 3.56% -0.33% 1.97% 0.33% 0.96% 0.67% 1.41% 1.02% 0.37% -1.88% -0.45% 1.36%

Best Monthly Return Since Inception

4.06% (February 2018)

Worst Monthly Return Since Inception

-9.10% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - -2.52% 7.54% 1.03% 0.47% 2.27% -2.97% 4.11% 16.43%
Benchmark 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25% 9.76%
Category Average - - - - - - - - - 3.89%
Quartile Ranking - - 4 1 4 4 2 1 4 1
Category Rank - - 175/ 181 6/ 207 217/ 228 221/ 250 72/ 263 18/ 271 267/ 289 9/ 298

Best Calendar Return (Last 10 years)

16.43% (2024)

Worst Calendar Return (Last 10 years)

-2.97% (2022)

Asset Allocation

Asset Allocation
Name Percent
Mortgages 34.25
Foreign Corporate Bonds 22.03
Foreign Government Bonds 18.80
Foreign Bonds - Other 18.32
Cash and Equivalents 6.32
Other 0.28

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.67
Cash and Cash Equivalent 6.33

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.70
Latin America 0.80
Asia 0.25
Africa and Middle East 0.20
Europe 0.02
Other 0.03

Top Holdings

Top Holdings
Name Percent
United States Treasury 1.25% 31-Dec-2026 13.08
United States Treasury 0.75% 30-Apr-2026 3.99
Cash and Cash Equivalents 3.03
Firstkey Homes Trust 3.24% 19-Aug-2038 0.98
Connecticut Avenue Securities 6.82% 25-Feb-2035 0.88
Sound Point CLO 5.69% 25-Oct-2034 0.84
Wind River CLO Ltd 5.70% 22-Jan-2035 0.84
Prpm LLC 6.26% 20-Jun-2025 0.79
Freddie Mac Stacr Remic Trust 5.97% 27-Feb-2031 0.68
Progress Resdntl Master Trust 3.40% 17-Apr-2041 0.68

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 Return3456789101112-2%0%2%4%6%8%10%12%

Renaissance Flexible Yield Fund Class A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 5.17% 5.58% -
Beta 0.26% 0.46% -
Alpha 0.05% 0.03% -
Rsquared 0.07% 0.26% -
Sharpe 0.59% 0.16% -
Sortino 1.19% 0.10% -
Treynor 0.12% 0.02% -
Tax Efficiency 71.89% 43.73% -
Volatility 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 6.77% 5.17% 5.58% -
Beta 0.98% 0.26% 0.46% -
Alpha -0.02% 0.05% 0.03% -
Rsquared 0.46% 0.07% 0.26% -
Sharpe 0.46% 0.59% 0.16% -
Sortino 0.73% 1.19% 0.10% -
Treynor 0.03% 0.12% 0.02% -
Tax Efficiency 66.81% 71.89% 43.73% -

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) $1,213

Fund Codes

FundServ Code Load Code Sales Status
ATL3694
ATL3695
ATL3696

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, for example: U.S. Government securities.

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 500
PAC Subsequent 50
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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