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Renaissance Investments™

Renaissance corporate bond fund [Class A]

Investment Objective

To obtain a high level of current income by investing primarily in bonds, debentures, notes, and other debt instruments of Canadian issuers.

Additional Fund Information
Fund Specifications

Also available in Class F

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

Distribution of Earnings:
The Fund aims to distribute a consistent amount every month ($0.025 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): 1.40%

Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2019: 1.40%

Front-End Load Option ATL1002
Back-End Load Option ATL1102
Low Load Option ATL2102
Inception Date: November 18th, 2009
Assets Under Management (000’s)
As at:

Portfolio Sub-Advisors

Sub-advisor of the reference corporate bond fund

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.

Patrick O'Toole, CIBC 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.

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.

Jacques Prévost, CIBC Asset Management Inc.
Jacques Prévost specializes in active corporate bond management applied to both asset-only and asset-liability portfolios. He also oversees a team responsible for quantitative and structured solutions, and contributes to the firm's research specialization model.

Mr. Prévost holds an Honours Bachelor of Science degree from the University of Toronto. He is also a CFA charterholder.


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
20192018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
8.1% (0.5%) 3.07% 5.1% (0.1%) 4.9% 0.8% 6.3% 5.4% 6.1 (0.9)*  

*2009 return is for the period from November 18, 2009 to December 31, 2009.

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 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.