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Floating Rate Loan
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2016
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|
NAVPS (12-19-2024) |
$11.34 |
|---|---|
| Change |
-$0.05
(-0.42%)
|
As at November 30, 2024
As at November 30, 2024
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Inception Return (September 16, 2013): 6.21%
| 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 | 1.52% | 6.01% | 7.20% | 14.13% | 13.25% | 12.10% | 8.79% | 7.19% | 5.81% | 5.70% | 5.45% | 4.71% | 4.75% | 5.76% |
| Benchmark | -1.53% | 1.06% | 3.62% | 9.47% | 9.24% | 14.01% | 7.55% | 5.57% | 5.25% | 5.03% | 3.96% | 4.62% | 5.07% | 5.13% |
| Category Average | 0.95% | 2.15% | 3.50% | 6.47% | 7.88% | 8.21% | 3.99% | 4.18% | 3.36% | 3.29% | 3.20% | 3.40% | 3.65% | 3.28% |
| Category Rank | 10 / 78 | 9 / 78 | 6 / 78 | 6 / 78 | 7 / 78 | 8 / 77 | 9 / 76 | 11 / 76 | 15 / 73 | 13 / 69 | 9 / 68 | 13 / 59 | 15 / 56 | 7 / 55 |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.77% | 2.08% | 1.69% | 0.54% | 2.10% | -0.07% | 0.96% | 1.81% | -1.63% | 0.97% | 3.42% | 1.52% |
| Benchmark | -0.20% | 1.33% | 1.50% | 0.28% | 0.84% | 1.58% | -0.30% | 2.37% | 0.46% | 1.62% | 0.99% | -1.53% |
9.61% (January 2015)
-5.53% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 9.41% | 17.70% | 3.39% | -3.71% | 7.06% | 3.75% | 0.49% | 3.14% | 3.66% | 9.11% |
| Benchmark | 1.85% | 11.20% | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% |
| Category Average | 3.44% | -0.88% | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% |
| Quartile Ranking | 1 | 1 | 4 | 4 | 1 | 4 | 2 | 4 | 1 | 4 |
| Category Rank | 6/ 31 | 7/ 55 | 56/ 56 | 58/ 59 | 8/ 68 | 66/ 70 | 23/ 76 | 62/ 76 | 9/ 76 | 62/ 77 |
17.70% (2015)
-3.71% (2017)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 90.22 |
| Cash and Equivalents | 8.59 |
| Foreign Bonds - Other | 1.11 |
| US Equity | 0.08 |
| Name | Percent |
|---|---|
| Fixed Income | 91.32 |
| Cash and Cash Equivalent | 8.59 |
| Other | 0.09 |
| Name | Percent |
|---|---|
| North America | 96.11 |
| Europe | 0.11 |
| Other | 3.78 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 8.40 |
| ERESEARCH TECHNOLOGY/CLARIO 05/24 TLB | 0.80 |
| IMG Worldwide Inc 18-May-2025 | 0.79 |
| SEDGWICK CMS 2/23 TLB | 0.73 |
| TEKNI-PLEX 10/24 B6 TLB | 0.71 |
| AIR MEDICAL 4/24 TL | 0.66 |
| ALIXPARTNERS 2/21 (USD) COV-LI | 0.66 |
| ACCESS CIG 8/23 TL | 0.65 |
| ARSENAL WGH/WCG 6/24 TL | 0.64 |
| DATATEL/ELLUCIAN TLB | 0.64 |
Renaissance Floating Rate Income Fund Class A
Median
Other - Floating Rate Loan
| Standard Deviation | 5.48% | 6.10% | 7.12% |
|---|---|---|---|
| Beta | 0.18% | 0.36% | 0.54% |
| Alpha | 0.07% | 0.04% | 0.03% |
| Rsquared | 0.06% | 0.25% | 0.32% |
| Sharpe | 0.92% | 0.58% | 0.60% |
| Sortino | 1.83% | 0.69% | 0.64% |
| Treynor | 0.28% | 0.10% | 0.08% |
| Tax Efficiency | 74.64% | 62.77% | 63.69% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.79% | 5.48% | 6.10% | 7.12% |
| Beta | 0.30% | 0.18% | 0.36% | 0.54% |
| Alpha | 0.10% | 0.07% | 0.04% | 0.03% |
| Rsquared | 0.05% | 0.06% | 0.25% | 0.32% |
| Sharpe | 1.69% | 0.92% | 0.58% | 0.60% |
| Sortino | 4.44% | 1.83% | 0.69% | 0.64% |
| Treynor | 0.27% | 0.28% | 0.10% | 0.08% |
| Tax Efficiency | 79.68% | 74.64% | 62.77% | 63.69% |
| Start Date | September 16, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,594 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ATL2503 | ||
| ATL2504 | ||
| ATL2505 |
To generate a high level of current income, primarily through investment in senior floating rate loans and other floating rate debt instruments as well as lower-rated debt 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.
To achieve its investment objectives, the Fund: seeks to invest primarily in U.S. dollar denominated senior floating rate loans and other floating rate debt instruments of borrowers and issuers located anywhere in the world. The rate of interest payable on floating rate loans and debt instruments adjusts or varies periodically at a margin above a generally recognized base lending rate such as the London Interbank Offered Rate, Bankers’ Acceptance, a prime rate, or another base lending rate.
| Name | Start Date |
|---|---|
| CIBC Asset Management Inc. | 09-16-2013 |
| Ares Capital Management II LLC | 12-16-2020 |
| 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 |
| 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 | 1.45% |
|---|---|
| Management Fee | 1.25% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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