Try Fund Library Premium
Free with a 30 day trial!
Gain access to
- Unlimited Watchlists
- Advanced Search Filtering
- Fund Comparisons
- Portfolio Scenarios
- Customizable PDF Reports
- Portfolio Rebalancer new
Renaissance Floating Rate Income Fund Class A
Floating Rate Loan
Click for more information on Fundata’s FundGrade
FundGrade B
Click for more information on Fundata’s FundGrade.
FundGrade A+® Rating Recipient
2016
Click for more information on Fundata’s FundGrade
|
NAVPS (05-13-2026) |
$10.40 |
|---|---|
| Change |
$0.00
(0.02%)
|
As at April 30, 2026
As at April 30, 2026
Loading......
Legend
Compare Options
Fund Returns
Inception Return (September 16, 2013): 5.71%
| 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 | -1.44% | 0.22% | -2.49% | -0.97% | 3.32% | 4.81% | 7.08% | 7.29% | 6.80% | 5.55% | 4.64% | 5.03% | 4.05% | 4.98% |
| Benchmark | 0.63% | -0.34% | -0.30% | -0.38% | 5.43% | 9.30% | 9.49% | 10.93% | 7.31% | 8.21% | 5.56% | 4.98% | 4.80% | 5.77% |
| Category Average | 1.02% | 1.01% | 1.11% | 0.90% | 3.96% | 3.59% | 5.23% | 4.08% | 3.40% | 5.02% | 2.88% | 2.94% | 3.08% | 3.50% |
| Category Rank | 81 / 81 | 78 / 81 | 81 / 81 | 81 / 81 | 61 / 81 | 22 / 77 | 14 / 76 | 8 / 76 | 9 / 75 | 40 / 75 | 19 / 70 | 12 / 67 | 17 / 60 | 13 / 56 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 2 | 1 | 1 | 1 | 3 | 2 | 1 | 2 | 1 |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.70% | -0.02% | 2.49% | -0.45% | 2.07% | 1.07% | -0.24% | -1.30% | -1.19% | -0.57% | 2.27% | -1.44% |
| Benchmark | 0.79% | 3.17% | -0.61% | 1.78% | 1.96% | -1.40% | 0.48% | -0.39% | -0.04% | -0.27% | -0.70% | 0.63% |
Best Monthly Return Since Inception
9.61% (January 2015)
Worst Monthly Return Since Inception
-5.53% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.39% | -3.71% | 7.06% | 3.75% | 0.49% | 3.14% | 3.66% | 9.11% | 17.56% | 0.53% |
| Benchmark | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% | 11.13% | 12.24% |
| Category Average | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% | 6.92% | 1.90% |
| Quartile Ranking | 4 | 4 | 1 | 4 | 2 | 4 | 1 | 4 | 1 | 4 |
| Category Rank | 54/ 55 | 57/ 58 | 8/ 67 | 64/ 69 | 24/ 75 | 62/ 75 | 9/ 75 | 63/ 76 | 7/ 77 | 67/ 81 |
Best Calendar Return (Last 10 years)
17.56% (2024)
Worst Calendar Return (Last 10 years)
-3.71% (2017)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 90.64 |
| Cash and Equivalents | 8.16 |
| Foreign Bonds - Other | 1.02 |
| Canadian Corporate Bonds | 0.11 |
| Foreign Government Bonds | 0.07 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 91.84 |
| Cash and Cash Equivalent | 8.16 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.67 |
| Europe | 0.57 |
| Other | 0.76 |
Top Holdings
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 7.52 |
| CANADIAN DOLLAR | 1.29 |
| AI Aqua Merger TL 01/26 | 0.71 |
| ALIX PARTNERS 7/25 TL | 0.67 |
| CPPIB/OHIO VALLEY MIDSTREAM 8/24 TLB | 0.64 |
| NORD ANG/FUG FIN 1/26 USD | 0.63 |
| HOLOGIC 4/26 (USD) TL | 0.63 |
| FCG 2/26 CL TLB | 0.62 |
| MED INFO/WELLSKY 7/25 TLB | 0.60 |
| PYE-BARKER TLB | 0.59 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Renaissance Floating Rate Income Fund Class A
Median
Other - Floating Rate Loan
3 Yr Annualized
| Standard Deviation | 5.62% | 5.84% | 6.24% |
|---|---|---|---|
| Beta | 0.16 | 0.20 | 0.42 |
| Alpha | 0.06 | 0.05 | 0.03 |
| Rsquared | 0.02% | 0.05% | 0.23% |
| Sharpe | 0.60 | 0.67 | 0.51 |
| Sortino | 1.17 | 1.03 | 0.49 |
| Treynor | 0.21 | 0.20 | 0.08 |
| Tax Efficiency | 64.15% | 65.39% | 56.08% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.91% | 5.62% | 5.84% | 6.24% |
| Beta | -0.14 | 0.16 | 0.20 | 0.42 |
| Alpha | 0.04 | 0.06 | 0.05 | 0.03 |
| Rsquared | 0.02% | 0.02% | 0.05% | 0.23% |
| Sharpe | 0.20 | 0.60 | 0.67 | 0.51 |
| Sortino | 0.13 | 1.17 | 1.03 | 0.49 |
| Treynor | -0.07 | 0.21 | 0.20 | 0.08 |
| Tax Efficiency | 33.12% | 64.15% | 65.39% | 56.08% |
Fund Details
| 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) | $1,917 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| ATL2503 | ||
| ATL2504 | ||
| ATL2505 |
Investment Objectives
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.
Investment Strategy
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.
Portfolio Management
| Portfolio Manager |
CIBC Asset Management Inc. |
|---|---|
| Sub-Advisor |
Ares Capital Management II LLC
|
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 | 1.44% |
|---|---|
| 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) | 0.75% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
Try Fund Library Premium
Free with a 30 day trial!
Gain access to
- Unlimited Watchlists
- Advanced Search Filtering
- Fund Comparisons
- Portfolio Scenarios
- Customizable PDF Reports
- Portfolio Rebalancer new
