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Renaissance Short-Term Income Fund Class A

Cdn Short Term Fixed Inc

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(01-22-2025)
$10.91
Change
-$0.01 (-0.11%)

As at December 31, 2024

As at December 31, 2024

Period

Chart

Combination chart with 2 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
End of interactive chart.

Legend

Renaissance Short-Term Income Fund Class A

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Fund Returns

Inception Return (October 01, 1974): 5.78%

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 0.29% 0.48% 3.72% 4.99% 4.99% 4.70% 1.37% 0.54% 1.29% 1.52% 1.37% 1.11% 0.99% 1.00%
Benchmark 0.46% 0.64% 3.94% 5.71% 5.71% 5.32% 2.12% 1.35% 2.11% 2.25% 2.20% 1.96% 1.84% 1.91%
Category Average 0.23% 0.51% 3.50% 5.17% 5.17% 5.01% 1.75% 1.10% 1.74% 1.94% 1.74% 1.57% 1.49% 1.40%
Category Rank 244 / 330 290 / 321 204 / 309 233 / 280 233 / 280 210 / 260 213 / 247 209 / 233 205 / 227 190 / 217 181 / 203 163 / 183 161 / 178 146 / 165
Quartile Ranking 3 4 3 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -0.4665 to 1.4421.
End of interactive chart.
Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund -0.19% -0.02% 0.42% -0.47% 0.79% 0.69% 1.44% 0.49% 1.26% -0.37% 0.56% 0.29%
Benchmark -0.13% 0.05% 0.53% -0.40% 0.86% 0.79% 1.36% 0.63% 1.26% -0.30% 0.48% 0.46%

Best Monthly Return Since Inception

4.84% (November 1981)

Worst Monthly Return Since Inception

-3.89% (March 1994)

Calendar Return (%)

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -4.992138 to 5.712842.
End of interactive chart.
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 1.12% 0.01% -0.70% 0.51% 2.66% 4.32% -1.89% -4.99% 4.42% 4.99%
Benchmark 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92% 5.71%
Category Average 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84% 5.17%
Quartile Ranking 3 4 4 4 3 3 4 4 4 4
Category Rank 106/ 165 160/ 178 163/ 183 163/ 203 153/ 217 151/ 227 217/ 233 196/ 247 198/ 260 233/ 280

Best Calendar Return (Last 10 years)

4.99% (2024)

Worst Calendar Return (Last 10 years)

-4.99% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 53.20
Canadian Government Bonds 37.03
Foreign Corporate Bonds 4.20
Cash and Equivalents 1.97
Mortgages 0.87
Other 2.73

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.04
Mutual Fund 1.99
Cash and Cash Equivalent 1.97

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.81
Europe 0.20
Other -0.01

Top Holdings

Top Holdings
Name Percent
Canada Housing Trust No 1 2.35% 15-Jun-2027 5.63
Canada Housing Trust No 1 1.25% 15-Jun-2026 5.23
Canada Housing Trust No 1 2.10% 15-Sep-2029 4.43
Canada Housing Trust No 1 2.65% 15-Dec-2028 4.03
Ontario Province 2.70% 02-Jun-2029 3.41
Canada Government 3.00% 01-Apr-2026 3.19
Bank of Nova Scotia 2.95% 08-Mar-2027 2.98
Canada Government 4.00% 01-May-2026 2.77
Canada Housing Trust No 1 3.60% 15-Dec-2027 2.07
ACM Commercial Mortgage Fund Class F 1.99

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation). Data ranges from 0.5085 to 8.0767.
The chart has 1 Y axis displaying Return. Data ranges from -3.859756 to 6.2464.
End of interactive chart.

Renaissance Short-Term Income Fund Class A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 3.05% 2.63% 2.11%
Beta 1.06% 1.06% 1.04%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.99% 0.97% 0.97%
Sharpe -0.73% -0.38% -0.29%
Sortino -0.66% -0.79% -1.11%
Treynor -0.02% -0.01% -0.01%
Tax Efficiency 45.05% 50.99% 38.70%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.09% 3.05% 2.63% 2.11%
Beta 1.05% 1.06% 1.06% 1.04%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.99% 0.99% 0.97% 0.97%
Sharpe 0.25% -0.73% -0.38% -0.29%
Sortino 1.76% -0.66% -0.79% -1.11%
Treynor 0.00% -0.02% -0.01% -0.01%
Tax Efficiency 80.09% 45.05% 50.99% 38.70%

Fund Details

Start Date October 01, 1974
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $235

Fund Codes

FundServ Code Load Code Sales Status
ATL1021
ATL1121
ATL2121

Investment Objectives

The objective of the Fund is to obtain a high level of income consistent with security of capital through investments primarily in securities issued or guaranteed by the Government of Canada or one of the provinces thereof, municipal or school corporations in Canada, and in first mortgages on properties situated in Canada, interest-bearing deposits of banks or trust companies, and high quality corporate bonds.

Investment Strategy

To achieve its investment objectives, the Fund: intends to position its portfolio based primarily on two considerations: average term-to-maturity and security selection. With respect to the former, the term-to-maturity of the Fund is adjusted to reflect the Portfolio Advisor’s interest rate outlook (short average term if rates are expected to rise and long average term if rates are expected to fall).

Portfolio Manager(s)

Name Start Date
Steven Dubrovsky 12-16-2020
Jeffrey M. Waldman 12-16-2020

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 1.05%
Management Fee 0.95%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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