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Renaissance Canadian Monthly Income Fund Class A

Canadian Neutral Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(05-21-2024)
$5.79
Change
$0.01 (0.16%)

As at April 30, 2024

As at April 30, 2024

Period
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Legend

Renaissance Canadian Monthly Income Fund Class A

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Fund Returns

Inception Return (October 30, 1997): 6.13%

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 -2.43% 0.97% 9.51% 0.71% 2.79% 2.43% 1.74% 4.97% 3.43% 4.16% 3.77% 4.61% 3.78% 3.61%
Benchmark -1.88% 1.39% 11.11% 1.08% 4.37% 3.44% 3.24% 6.33% 4.97% 5.50% 4.90% 5.45% 4.60% 4.91%
Category Average -2.03% 10.42% 10.42% 1.66% 4.77% 3.36% 2.24% 5.58% 3.94% 4.18% 3.69% 4.36% 3.60% 3.95%
Category Rank 397 / 448 369 / 442 377 / 442 403 / 442 406 / 431 347 / 418 340 / 389 329 / 378 329 / 368 276 / 361 224 / 346 223 / 333 206 / 299 243 / 287
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 3 3 3 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -3.39% 1.63% 0.55% -0.91% -3.00% -1.09% 5.38% 3.19% -0.26% 1.50% 1.95% -2.43%
Benchmark -3.45% 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88%

Best Monthly Return Since Inception

10.80% (September 1998)

Worst Monthly Return Since Inception

-20.28% (August 1998)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 4.41% -4.06% 10.69% 6.95% -4.14% 15.19% 5.94% 11.30% -10.29% 7.48%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking 4 4 2 2 3 1 3 3 4 3
Category Rank 277/ 286 263/ 299 104/ 331 127/ 344 196/ 355 49/ 365 204/ 374 248/ 389 363/ 409 319/ 429

Best Calendar Return (Last 10 years)

15.19% (2019)

Worst Calendar Return (Last 10 years)

-10.29% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 32.46
Canadian Government Bonds 17.96
US Equity 15.74
Canadian Corporate Bonds 15.47
International Equity 8.15
Other 10.22

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 39.35
Financial Services 16.39
Energy 8.28
Technology 6.32
Consumer Services 5.88
Other 23.78

Geographic Allocation

Geographic Allocation
Name Percent
North America 91.08
Europe 7.16
Asia 0.99
Latin America 0.93
Other -0.16

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 2.87
Toronto-Dominion Bank 2.38
Cash and Cash Equivalents 1.97
Enbridge Inc 1.88
Canadian Natural Resources Ltd 1.78
Canadian National Railway Co 1.63
Microsoft Corp 1.49
Bank of Montreal 1.45
Canadian Pacific Kansas City Ltd 1.43
Canada Government 1.75% 01-Dec-2053 1.38

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Renaissance Canadian Monthly Income Fund Class A

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 9.53% 9.84% 8.01%
Beta 0.99% 0.95% 0.96%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.97% 0.98% 0.96%
Sharpe -0.06% 0.19% 0.31%
Sortino -0.12% 0.12% 0.15%
Treynor -0.01% 0.02% 0.03%
Tax Efficiency - 31.08% 34.25%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.09% 9.53% 9.84% 8.01%
Beta 0.93% 0.99% 0.95% 0.96%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.98% 0.97% 0.98% 0.96%
Sharpe -0.18% -0.06% 0.19% 0.31%
Sortino 0.02% -0.12% 0.12% 0.15%
Treynor -0.02% -0.01% 0.02% 0.03%
Tax Efficiency 5.65% - 31.08% 34.25%

Fund Details

Start Date October 30, 1997
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $40

Fund Codes

FundServ Code Load Code Sales Status
ATL668
ATL859
ATL910

Investment Objectives

The Fund's investment objective is to generate a high level of current cash flow by investing primarily in income producing securities including income trusts, preferred shares, common shares, and fixed income securities. 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: aims to add value through prudent security selection based on fundamental, bottom-up analysis and through the allocation of assets between cash, fixed income instruments, and equities, such as common and preferred shares, income trusts, and other equity securities. Asset allocation can vary over time depending on the Portfolio Advisor’s outlook for the economy and capital markets.

Portfolio Manager(s)

Name Start Date
CIBC Asset Management Inc. 09-17-2008

Management and Organization

Fund Manager CIBC Asset Management Inc.
Advisor CIBC Asset Management Inc.
Custodian CIBC Mellon Trust Company
Registrar CIBC Asset Management Inc.
Distributor -
Auditor Ernst & Young LLP, Chartered Accountants

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 1.81%
Management Fee 1.45%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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