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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (04-03-2025) |
$6.19 |
|---|---|
| Change |
-$0.06
(-0.99%)
|
As at February 28, 2025
As at February 28, 2025
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Inception Return (September 23, 1994): 4.70%
| 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 | 0.35% | 0.85% | 1.94% | 1.47% | 6.54% | 7.32% | 2.39% | 1.38% | 1.70% | 2.26% | 2.23% | 2.10% | 3.93% | 2.49% |
| Benchmark | 0.36% | 4.44% | 9.83% | 2.31% | 16.13% | 13.40% | 8.80% | 5.52% | 5.20% | 5.67% | 5.57% | 5.31% | 6.56% | 6.01% |
| Category Average | 0.56% | 1.22% | 3.26% | 1.57% | 8.24% | 7.59% | 3.19% | 2.16% | 3.00% | 3.30% | 3.05% | 3.04% | 4.20% | 3.07% |
| Category Rank | 238 / 283 | 250 / 283 | 273 / 283 | 186 / 283 | 268 / 281 | 227 / 275 | 252 / 269 | 235 / 263 | 241 / 252 | 230 / 244 | 203 / 221 | 191 / 209 | 163 / 200 | 161 / 189 |
| Quartile Ranking | 4 | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.94% | -0.91% | 1.00% | 0.72% | 1.41% | 1.29% | 0.88% | -0.82% | 1.03% | -0.62% | 1.12% | 0.35% |
| Benchmark | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% | 2.08% | 1.94% | 0.36% |
6.70% (November 2002)
-11.73% (October 2008)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -5.67% | 15.12% | 4.18% | -4.20% | 13.63% | 0.80% | 2.61% | -12.02% | 9.90% | 5.16% |
| Benchmark | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% |
| Category Average | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% |
| Quartile Ranking | 4 | 1 | 3 | 4 | 1 | 4 | 4 | 4 | 2 | 4 |
| Category Rank | 160/ 182 | 49/ 199 | 153/ 208 | 179/ 219 | 16/ 244 | 219/ 252 | 212/ 257 | 235/ 266 | 115/ 275 | 263/ 281 |
15.12% (2016)
-12.02% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 91.27 |
| Cash and Equivalents | 4.95 |
| Canadian Corporate Bonds | 3.40 |
| Foreign Bonds - Other | 0.23 |
| Canadian Government Bonds | 0.19 |
| Other | -0.04 |
| Name | Percent |
|---|---|
| Fixed Income | 95.10 |
| Cash and Cash Equivalent | 4.95 |
| Other | -0.05 |
| Name | Percent |
|---|---|
| North America | 99.63 |
| Europe | 0.36 |
| Latin America | 0.06 |
| Other | -0.05 |
| Name | Percent |
|---|---|
| Canada Government 27-Mar-2025 | 1.55 |
| US DOLLAR | 1.30 |
| BILLETS A TERME DU QUE DISCOUNT NOTE | 1.17 |
| Cash and Cash Equivalents | 1.10 |
| DaVita Inc 4.63% 01-Jun-2030 | 0.84 |
| Novelis Corp 4.75% 30-Jan-2030 | 0.77 |
| Iron Mountain Inc 5.25% 15-Jul-2030 | 0.71 |
| Service Corp International 4.00% 15-May-2031 | 0.70 |
| TransDigm Inc 4.63% 15-Jan-2029 | 0.65 |
| Prime Sec Srvcs Borrower LLC 6.25% 15-Jan-2028 | 0.63 |
Renaissance High-Yield Bond Fund Class A
Median
Other - High Yield Fixed Income
| Standard Deviation | 7.29% | 8.16% | 6.95% |
|---|---|---|---|
| Beta | 0.81% | 0.86% | 0.56% |
| Alpha | -0.04% | -0.03% | -0.01% |
| Rsquared | 0.50% | 0.59% | 0.28% |
| Sharpe | -0.16% | -0.04% | 0.15% |
| Sortino | -0.07% | -0.14% | -0.05% |
| Treynor | -0.01% | 0.00% | 0.02% |
| Tax Efficiency | 17.29% | - | 29.60% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.91% | 7.29% | 8.16% | 6.95% |
| Beta | -0.10% | 0.81% | 0.86% | 0.56% |
| Alpha | 0.08% | -0.04% | -0.03% | -0.01% |
| Rsquared | 0.01% | 0.50% | 0.59% | 0.28% |
| Sharpe | 0.80% | -0.16% | -0.04% | 0.15% |
| Sortino | 1.88% | -0.07% | -0.14% | -0.05% |
| Treynor | -0.24% | -0.01% | 0.00% | 0.02% |
| Tax Efficiency | 69.10% | 17.29% | - | 29.60% |
| Start Date | September 23, 1994 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,294 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ATL667 | ||
| ATL823 | ||
| ATL908 |
The Fund seeks to generate a high level of current income, primarily through investment in high-yield corporate bonds from issuers around the world and, where consistent with this objective, the Fund will also seek capital appreciation. 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.
To achieve its investment objectives, the Fund: invests primarily in high yield corporate bonds from around the world, but may also invest in other investments such as preferred shares, common shares, or income trusts; may invest in units of exchange-traded funds; may invest in Canadian corporate bonds denominated in foreign currencies; may use derivatives such as options, futures, forward contracts, swaps, and other similar instruments.
| Portfolio Manager |
CIBC Asset Management Inc.
|
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
CIBC Asset Management Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
CIBC Asset Management Inc. |
| Distributor |
- |
| 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 |
| MER | 1.40% |
|---|---|
| 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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