Renaissance U.S. Dollar Corporate Bond Fund [Premium Class] - CLOSED TO ALL PURCHASES*

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
Also available in Class A | Class F

Minimum Initial Investment:
Lump Sum
Initial: $100,000
Subsequent: $100

Distributions: 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: $50 minimum investment for monthly, quarterly, semi-annual or annual deposit
Systematic Withdrawal Plan: With minimum initial account value of $100,000. Withdrawals may be made monthly, quarterly, semi-annually or annually. $50 minimum.
Annual Management Fee (excluding applicable taxes): 1.00%
Annualized Management Expense Ratio (including applicable taxes) as at Aug 31, 2023: 1.13%
Front-End Load OptionATL2475
Inception DateOct 22, 2013
Assets Under Management ($000)
As at : 02/29/2024
$265,664

MetLife Investment Management (MIM) is a public fixed income, private debt, and real estate asset manager providing investment solutions to institutional investors worldwide. MIM is the institutional asset management business of MetLife, Inc., one of the world's leading financial services companies. In an effort to provide clients with strong risk-adjusted returns and tailored solutions, MIM leverages the broader resources of the MetLife enterprise, which has more than 150 years of experience. Our robust fundamental research and risk management capabilities have been time tested across market cycles.

Andrew J. Kronschnabel, CFA

Mr. Kronschnabel is a portfolio manager at MetLife Investment Management. 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 MetLife Investment Management, 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 MetLife Investment Management. Prior to joining MetLife Investment Management, 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.

Style

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 (%) ††
9.84 5.94 6.56
As of Feb 29, 2024 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
3 mo6 moYTD1 yr3 yrs5 yrs10 yrsSince Inception
3.2%4.0%(1.1%)6.3%(2.5%)1.7%2.3%2.4%
3 mo
6 mo
YTD
1 yr
3 yrs
5 yrs
10 yrs
Since Inception
3.2%
4.0%
(1.1%)
6.3%
(2.5%)
1.7%
2.3%
2.4%

As at: 02/29/2024

Calendar Year Performance
2023202220212020201920182017201620152014
8.8%(16%)(0.4%)10.00%13.6%(3.6%)6.3%8.4%(2.8%)5.9%
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
8.8%
(16%)
(0.4%)
10.00%
13.6%
(3.6%)
6.3%
8.4%
(2.8%)
5.9%
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.

*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.