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Renaissance Investments™

Renaissance High-Yield Bond Fund [Premium Class] - CLOSED TO ALL PURCHASES*



Investment Objective

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.

Additional Fund Information

Fund Profile

Fund Facts

Fund Specifications

Also available in Class A | Class F

Minimum Initial Investment:
Lump Sum
Initial: $100,000
Subsequent: $100

Distribution of Earnings:
This Fund expects to distribute net income monthly. Distributions of net realized capital gains occur annually in December.

Pre-Authorized Chequing Investment (PAC) or Group RRSP:
$50 minimum investment for monthly, quarterly, semi-annual or annual deposit.

Systematic Withdrawal Plan:
With minimum initial account value of $100,000. Withdrawals may be made monthly, quarterly, semi-annually or annually. $50 minimum.

Annual Management Fee (excluding applicable taxes): 1.00%

Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2017: 1.19%

Front-End Load Option ATL1208
CLOSED TO ALL PURCHASES*
   
Inception Date: September 17, 2013
   
Assets Under Management (000’s)
As at:

Portfolio Sub-Advisors

CIBC Asset Management

CIBC Asset Management (CIBC AM) is one of Canada's largest asset management firms and provides a broad range of high-quality global investment management solutions to retail and institutional clients.

Nicholas Leach, CIBC Asset Management Inc.
Nicholas Leach manages high-yield mandates and contributes to the overall high-yield portfolio strategy in terms of country, industry, company and credit quality. He is also responsible for high-yield credit research. Mr. Leach works closely with the team of credit analysts, and is a member of the firm's High Yield Credit Committee.

Mr. Leach holds a Bachelor of Arts degree in Economics from the University of Toronto. He is also a CFA charterholder.

Style
Portfolio

Fixed Income Strategy
Term to Maturity (Years) Duration (Years) Average YTM (%)
As of

Source: BNY Mellon Analytics


Term to Maturity (Years)
The time remaining on a bond's life, or the date on which the debt will cease to exist and the borrower will have completely paid off the amount borrowed.

Duration (Years)
Duration is defined as the weighted average time to full recovery of principal and interest.

Yield to Maturity (Average YTM)
The percentage rate of return paid on a bond, note or other fixed income security if the investor buys and holds it to its maturity date. The calculation for YTM is based on the coupon rate, length of time to maturity and market price. It assumes that coupon interest paid over the life of the bond will be reinvested at the same rate.

Performance and Volatility

Performance
3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs YTD Since
Inception

As at:


Calendar Year Performance
2016 2015 2014 2013 2012 2011 2010 2009 2008
16.0% (5.0%) 3.2% n/a n/a n/a n/a n/a n/a

Investment Performance

Value of $10,000 invested since inception

The rate of return or mathematical table shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the fund or returns on investment in the fund.

Historical Pricing and Distributions

*On July 21, 2017 CIBC Asset Management Inc. (CAM) announced changes to its product lineup. Certain classes were closed to all investors at end of business day July 21, 2017 and are subsequently being terminated on or about October 13, 2017. Additional classes were also closed to all investors effective end of business day September 1, 2017. For more information click here

Please refer to the Annual/Interim Management Reports of Fund Performance for further details.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Renaissance Investments family of funds simplified prospectus before investing. The indicated rates of return are the historical annual compounded total returns for the premium class units including changes in unit value and reinvestment of all distributions, but do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed. The values of many mutual funds change frequently. Past performance may not be repeated.