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Renaissance High-Yield Bond Fund Class A
High Yield Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade E
Click for more information on Fundata’s FundGrade.
|
NAVPS (06-29-2026) |
$6.25 |
|---|---|
| Change |
$0.01
(0.13%)
|
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (September 23, 1994): 4.66%
| 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 | 0.49% | 0.17% | 1.16% | 0.83% | 4.86% | 4.97% | 5.90% | 4.12% | 1.81% | 3.21% | 2.45% | 2.53% | 2.23% | 3.16% |
| Benchmark | 1.73% | 1.68% | 1.44% | 2.26% | 8.06% | 9.95% | 10.49% | 9.66% | 6.15% | 5.57% | 5.13% | 5.59% | 4.78% | 5.90% |
| Category Average | 0.59% | 0.76% | 1.82% | 1.55% | 5.97% | 6.38% | 6.97% | 5.03% | 2.71% | 4.22% | 3.51% | 3.44% | 3.18% | 3.77% |
| Category Rank | 155 / 253 | 213 / 253 | 155 / 250 | 169 / 251 | 162 / 246 | 208 / 242 | 208 / 236 | 202 / 233 | 203 / 227 | 202 / 219 | 194 / 213 | 175 / 195 | 164 / 185 | 143 / 169 |
| Quartile Ranking | 3 | 4 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.55% | 0.02% | 0.97% | 0.55% | 0.13% | 0.38% | 0.33% | 0.39% | 0.27% | -1.48% | 1.18% | 0.49% |
| Benchmark | 1.47% | 1.52% | 0.80% | 2.13% | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% |
Best Monthly Return Since Inception
6.70% (November 2002)
Worst Monthly Return Since Inception
-11.73% (October 2008)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 15.12% | 4.18% | -4.20% | 13.63% | 0.80% | 2.61% | -12.02% | 9.90% | 5.16% | 5.15% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 1 | 4 | 4 | 1 | 4 | 4 | 4 | 2 | 4 | 3 |
| Category Rank | 40/ 168 | 133/ 176 | 147/ 187 | 17/ 211 | 189/ 218 | 181/ 223 | 201/ 230 | 101/ 236 | 228/ 242 | 138/ 243 |
Best Calendar Return (Last 10 years)
15.12% (2016)
Worst Calendar Return (Last 10 years)
-12.02% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 72.90 |
| Canadian Corporate Bonds | 22.65 |
| Cash and Equivalents | 3.77 |
| Foreign Bonds - Other | 0.68 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 96.23 |
| Cash and Cash Equivalent | 3.77 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 97.80 |
| Europe | 1.59 |
| Asia | 0.32 |
| Latin America | 0.21 |
| Other | 0.08 |
Top Holdings
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 2.26 |
| CANADIAN TREASURY BILL | 2.07 |
| FORTIS INC/CANADA 5.10% 04-Dec-2055 | 1.04 |
| TransDigm Inc 6.00% 15-Jan-2033 | 1.00 |
| Bell Canada 5.63% 27-Dec-2029 | 1.00 |
| ROGERS COMMUNICATIONS INC 6.25% 31-Jul-2056 | 0.93 |
| Venture Global LNG Inc 8.38% 01-Jun-2031 | 0.86 |
| TransAlta Corp 5.63% 24-Mar-2032 | 0.85 |
| Capital Power Corp 7.95% 09-Sep-2082 | 0.82 |
| Rogers Communications Inc 5.25% 15-Mar-2082 | 0.80 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Renaissance High-Yield Bond Fund Class A
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 3.72% | 6.07% | 6.42% |
|---|---|---|---|
| Beta | 0.23 | 0.63 | 0.63 |
| Alpha | 0.04 | -0.02 | 0.00 |
| Rsquared | 0.07% | 0.41% | 0.38% |
| Sharpe | 0.60 | -0.15 | 0.22 |
| Sortino | 1.39 | -0.22 | 0.06 |
| Treynor | 0.10 | -0.01 | 0.02 |
| Tax Efficiency | 66.50% | - | 45.52% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.57% | 3.72% | 6.07% | 6.42% |
| Beta | 0.16 | 0.23 | 0.63 | 0.63 |
| Alpha | 0.04 | 0.04 | -0.02 | 0.00 |
| Rsquared | 0.04% | 0.07% | 0.41% | 0.38% |
| Sharpe | 0.95 | 0.60 | -0.15 | 0.22 |
| Sortino | 1.02 | 1.39 | -0.22 | 0.06 |
| Treynor | 0.15 | 0.10 | -0.01 | 0.02 |
| Tax Efficiency | 60.28% | 66.50% | - | 45.52% |
Fund Details
| 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) | $1,441 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ATL667 | ||
| ATL823 | ||
| ATL908 |
Investment Objectives
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.
Investment Strategy
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 Management
| Portfolio Manager |
CIBC Asset Management Inc.
|
|---|---|
| Sub-Advisor |
- |
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 | 1.39% |
|---|---|
| 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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