|Investment Objective||Fund Specifications||Portfolio Sub-Advisors||Portfolio||Performance||Historical Pricing|
To obtain a high level of current income by investing primarily in bonds, debentures, notes, and other debt instruments of issuers located in the United States.
Also available in Class F
Minimum Initial Investment:
Distribution of Earnings:
The Fund aims to distribute a consistent amount every month ($0.026 per unit). If the amount distributed exceeds the Fund’s net income and net realized capital gains, such excess will constitute a return of capital. The amount of distribution is not guaranteed and may change from time to time.
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%
Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2018: 1.74%†
|Front-End Load Option||ATL2472|
|Back-End Load Option||ATL2474|
|Low Load Option||ATL2473|
|Inception Date:||September 16, 2013|
|Assets Under Management (000’s)
|Logan Circle Partners|
In 2017, Logan Circle became a MetLife, Inc. company and part of MetLife Investment Management, MetLife Inc.'s institutional management business. Logan Circle Partners provides institutional clients actively managed investment solutions across a wide range of fixed income and growth equity strategies. Logan Circle's core fixed income products cover the breadth of the maturity and risk spectrums, including short, intermediate and long duration, core/core plus, investment grade credit, high yield and emerging market debt.
|Andrew J. Kronschnabel, CFA|
Mr. Kronschnabel is a portfolio manager at Logan Circle Partners. As a member of the portfolio management team he is responsible for high grade credit across all Credit and Core-based strategies. Prior to joining Logan Circle Partners, he was a member of the portfolio management team at Delaware Investments where he was responsible for Core-based and high grade products from 2000 to 2007. Mr. Kronschnabel received a Bachelor of Science degree in international economics and politics from Colorado College.
|Timothy L. Rabe, CFA|
Mr. Rabe is a senior portfolio manager at Logan Circle Partners. Prior to joining Logan Circle Partners, he was head of the high yield team at Delaware Investments, responsible for all high yield fixed income funds and strategies at the firm. Prior to joining Delaware Investments, Mr. Rabe was a high yield portfolio manager for Conseco Capital Management for five years. Prior to that, he worked as a tax analyst for the Northern Trust Company. Mr. Rabe received a Bachelor of Science degree in finance from the University of Illinois.
|Fixed Income Strategy|
|Term to Maturity (Years)||Duration (Years)||Average YTM (%)|
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 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.
|3 mo||6 mo||1 yr||3 yrs||5 yrs||10 yrs||YTD||Since
|Calendar Year Performance|
|(4.15 %)||5.67 %||7.8%||(3.3%)||5.4%||n/a||n/a||n/a||n/a||n/a||n/a|
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.
†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 class A 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.