Renaissance High-Yield Bond Fund [Class F]

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.

Also available in Class A
Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100
Distributions: This Fund expects to distribute net income monthly. Distributions of net realized capital gains occur annually in December.
Pre-Authorized Chequing Investment: $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): 0.70%
Annualized Management Expense Ratio (including applicable taxes) : 0.86% 
Class FATL015
Inception DateOct 11, 2005
Assets Under Management ($000)
As at: 01/29/2021
CIBC Asset Management Inc.

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 is a portfolio manager responsible for Core and Core Plus Canadian bond mandates, and is a contributor to the firm’s research specialization model.

Mr. O’Toole joined CIBC Asset Management in 2004. Prior to his current role he was Assistant Vice-President, Investments at Mackenzie Financial Corporation and Director, Fixed Income at Acuity Investment Management and Director, North American Fixed Income at Canada Trust.  He also worked at Canada Mortgage and Housing Corporation as Senior Investment Officer, Treasury and  later Manager, Fixed Income Portfolio.

Mr. O’Toole holds a diploma in Business Administration from Algonquin College. He is also a CPA, CGA and a CFA charterholder and a member of the CFA Society of Montreal.

Adam Ditkofsky, CIBC Asset Management Inc.

Adam Ditkofsky is a portfolio manager, focusing on Core and Core Plus fixed income mandates.  Mr. Ditkofsky has more than 10 years of experience in fixed income and is responsible for portfolio management, trading and idea generation. In his previous position, Mr. Ditkofsky was a Senior Credit Analyst at CIBC Asset Management (CAM), covering both investment grade and high-yield companies across multiple sectors. Prior to joining CAM in 2008, he held the role of Credit Analyst at CIBC World Markets.

Mr. Ditkofsky holds an MBA degree from the University of Western Ontario, and a BCom degree from Concordia University. He is also a Chartered Investment Manager (CIM) and Chartered Financial Analyst (CFA) charterholder.


The investment style box is a graphical depiction of the investing categories an investment manager will invest within.
Fixed Income Strategy * Net Rates

Term to Maturity (Years) *Duration (Years) *Average YTM (%) *
4.02 3.34 3.85
As of Dec 31, 2020 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.

3 mo6 moYTD1 yr3 yrs5 yrs10 yrsSince Inception
3 mo
6 mo
1 yr
3 yrs
5 yrs
10 yrs
Since Inception

As at: 01/29/2021

Calendar Year Performance

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.

†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.