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Renaissance Investments™

Renaissance U.S Dollar Corporate Bond Fund [Class F]

Investment Objective

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.

Additional Fund Information

Fund Profile

Fund Facts

Fund Specifications

Also available in Class A

Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100

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): 0.75%

Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2018: 0.89%

Class F ATL2476
Inception Date: January 22, 2014
Assets Under Management (000’s)
As at:

Portfolio Sub-Advisors

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 (%)
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

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

As at:

Calendar Year Performance
2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
(3.3%) 6.5% 8.6% (2.6%) 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

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 F 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.