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Renaissance Canadian Bond Fund [Class A]
| Investment Objective | Fund Specifications | Portfolio Sub-Advisors | Portfolio | Performance | Historical Pricing |
Investment Objective
To obtain a high level of current income consistent with preservation of capital through investment primarily in bonds, debentures, notes and other debt instruments of Canadian governments, financial institutions and corporations.
Fund Specifications
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
Distribution of Earnings:
On a monthly basis, income accumulated to date is distributed. In the month of December, income and capital gains accumulated to date are distributed. The monthly distribution amounts may change from time to time at our discretion.
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 $10,000. Withdrawals may be made monthly, quarterly, semi-annually or annually. $50 minimum.
Annual Management Fee (excluding applicable taxes): 1.50%
Management Expense Ratio (including applicable taxes) as at February 28, 2011: 1.55%†
| Front-End Load Option | ATL1022 |
| Back-End Load Option | ATL1122 |
| Low Load Option | ATL2122 |
| Inception Date: | January 1, 1973 |
| Assets Under Management (000’s) As at: |
|
| Distribution Chart | |
| Date | Amount per Unit |
| 01/31/2011 | $0.041 |
Portfolio Sub-Advisors
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CIBC Global Asset Management Inc. |
CIBC Global Asset Management Inc. 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. |
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John Braive, CIBC Global Asset Management Inc.
John Braive joined CIBC Global Asset Management Inc. in January 1983. Responsible for the management of the firm's fixed income assets for 18 years, John is a member of the Global Fixed Income team, the Investment and Strategy committees, and the Board of Directors.
Patrick O'Toole, CIBC Global Asset Management Inc.
Patrick O'Toole joined CIBC Asset Management in May 2004. He is a member of the Global Fixed Income team, operating from within the firm's Investment Management Platform. He holds a Diploma in Business Administration from Algonquin College (Ontario and is also a CFA charterholder and a Certified General Accountant.
Portfolio
| Fixed Income Strategy | ||
| Term to Maturity (Years) | Duration (Years) | Average YTM (%) |
| 9.59 | 7.03 | 3.15 |
| As of December 30, 2011 | ||
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 |
| 1.8% | 6.0% | 8.0% | 7.5% | 5.1% | 4.8% | 8.0% | 8.3% |
As at:
| Calendar Year Performance | ||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
| 6.6% | 8.0% | 1.1% | 1.7% | 2.9% | 3.9% | 4.7% |
| Investment Performance |
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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. |
†The MER quoted above is annualized as at February 28, 2011. The MER would have been 2.09% had the manager not waived some management fees and/or absorbed some operating expenses. This will be reviewed annually by the Manager.
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 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 fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed. There can be no assurance that a money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. The values of many mutual funds change frequently. Past performance may not be repeated.