(As of 3/31/2024)

Renaissance Floating Rate Income Fund A

(Floating Rate Loan)
FundGrade A+® Rating recipient
For more information about FundGrade click here






Inception Return
(9/16/2013)
5.71 %
YTD Return 4.35 %
NAVPS
(4/19/2024)
$10.57
Change ($0.01) / -0.12 %
Growth of $10,000 (As of March 31, 2024)
MER 1.45 %
Assets ($mil) $1,462.75
Rank (1Yr) 23/79
Std Dev (3Yr) 6.19 %
Volatility Ranking (3Yr) 2/10
RRSP Eligibility Yes
Load Front Fee Only
Max Front End 5.00 %
Max Back End -
Sales Status Open
 
Objective
To generate a high level of current income, primarily through investment in senior floating rate loans and other floating rate debt instruments as well as lower-rated debt securities, of issuers located anywhere in the world. We will not change the Fund’s fundamental investment objectives without the consent of unitholders by a majority of votes cast at a meeting of unitholders.
Fund Manager

CIBC Asset Management Inc.

Portfolio Manager

CIBC Asset Management Inc.

Sub-Advisor

Ares Capital Management II LLC

 
Asset Allocation
(As of March 31, 2024)
Sector Allocation
(As of March 31, 2024)
Geographic Allocation
(As of March 31, 2024)
Top 10 Holdings
NameAssetSectorGeographicPercent
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentUnited States8.93%
NETSMART 10/20 COV-LITE TLBForeign BondsFixed IncomeUnited States0.92%
IMG Worldwide Inc 18-May-2025Foreign BondsFixed IncomeUnited States0.83%
WESTINGHOUSE/BROOKFIELD WEC 1/Foreign BondsFixed IncomeUnited States0.71%
BELRON 12/23 (2028) TLForeign BondsFixed IncomeOther0.69%
ALIXPARTNERS 2/21 (USD) COV-LIForeign BondsFixed IncomeUnited States0.68%
DATATEL/ELLUCIAN TLBForeign BondsFixed IncomeUnited States0.67%
SEDGWICK CMS 2/23 TLBForeign BondsFixed IncomeUnited States0.65%
OPEN TEXT 08/23 TLBForeign BondsFixed IncomeUnited States0.65%
APPLIED SYSTEMS 2/24 TLForeign BondsFixed IncomeUnited States0.65%

Performance Data (As of March 31, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.54 4.35 5.15 4.35 10.69 6.80 4.51 5.25
Benchmark 0.28 3.13 7.91 3.13 11.86 5.84 4.26 4.11
Quartile Ranking 4 1 2 1 2 1 2 1

Calendar Return (%) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund 9.11 3.66 3.14 0.49 3.75 7.06 -3.71 3.39 17.70 9.41
Benchmark 14.42 -0.86 -0.97 5.27 1.22 2.81 6.15 4.59 11.20 1.85
Quartile Ranking 4 1 4 2 4 1 4 4 1 1

Website powered by © Fundata Canada Inc.
Mutual Fund Data provided by Fundata. | View Terms and Conditions of Use.
BofA Merill Lynch Indices used with permission.
© 2024 Fundata Canada Inc. All rights reserved. | View Privacy Policy | Contact Us.