(As of 10/31/2022)

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)
5.06 %
YTD Return 3.07 %
NAVPS
(11/25/2022)
$9.81
Change $0.02 / 0.24 %
Growth of $10,000 (As of October 31, 2022)
MER 1.80 %
Assets ($mil) $1,288.98
Rank (1Yr) 10/87
Std Dev (3Yr) 6.19 %
Volatility Ranking (3Yr) 2/10
RRSP Eligibility Yes
Load Choice of Front or Back
Max Front End 5.00 %
Max Back End 5.50 %
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.
Fund Manager

CIBC Asset Management Inc.

Portfolio Manager

CIBC Asset Management Inc.

Sub-Advisor

Ares Capital Management II LLC

 
Asset Allocation
(As of October 31, 2022)
Sector Allocation
(As of October 31, 2022)
Geographic Allocation
(As of October 31, 2022)
Top 10 Holdings
NameAssetSectorGeographicPercent
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentUnited States16.93%
CANADIAN DOLLARCash and EquivalentsCash and Cash EquivalentCanada0.94%
SYCAMORE/SANDERSON TLBForeign BondsFixed IncomeUnited States0.93%
IGLO BIRDS EYE 12/17 (USD)Foreign BondsFixed IncomeUnited States0.86%
WARNER MUSIC 1/21 COV-LITE TLGForeign BondsFixed IncomeUnited States0.77%
Focus Financial Partners LLC 03-Jul-2024Foreign BondsFixed IncomeUnited States0.76%
U.S.I. 8/17 INCREMENTAL TLBForeign BondsFixed IncomeUnited States0.74%
BELRON 4/21 (USD) TLBForeign BondsFixed IncomeUnited States0.71%
MILANO 10/20 COV-LITE TLBForeign BondsFixed IncomeUnited States0.71%
NASCAR Holdings Inc 18-Oct-2026Foreign BondsFixed IncomeUnited States0.70%

Performance Data (As of October 31, 2022)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -0.18 6.06 3.18 3.07 5.78 2.47 2.98 -   
Benchmark 1.02 3.76 -3.55 -10.24 -9.13 -1.93 -0.79 -     
Quartile Ranking 4 1 1 1 1 1 1 -

Calendar Return (%) 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Fund 3.14 0.49 3.75 7.06 -3.71 3.39 17.70 9.41 -      -     
Benchmark -0.97 5.27 1.22 2.81 6.15 4.59 11.20 1.85 18.31 -     
Quartile Ranking 4 2 4 1 4 4 1 1 - -

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