Renaissance High-Yield Bond Fund [Premium Class] - CLOSED TO ALL PURCHASES*
|Front-End Load Option||ATL1208 |
Closed to all purchases*
|Inception Date||Sep 17, 2013|
|Assets Under Management ($000) |
As at: 01/29/2021
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 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 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.
|Term to Maturity (Years) *||Duration (Years) *||Average YTM (%) *|
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||YTD||1 yr||3 yrs||5 yrs||10 yrs||Since Inception|
As at: 01/29/2021
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.
*On July 21, 2017 CIBC Asset Management Inc. (CAM) announced changes to its product lineup. Certain classes were closed to all investors at end of business day July 21, 2017 and are subsequently being terminated on or about October 13, 2017. Additional classes were also closed to all investors effective end of business day September 1, 2017. For more information click here
†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 Premium Class 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. Minimum investment amount of $100,000 is required for Premium Class units; some exceptions may apply.