(As of 2/28/2023)

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)
5.32 %
YTD Return 3.48 %
NAVPS
(3/24/2023)
$10.13
Change $0.00 / -0.03 %
Growth of $10,000 (As of February 28, 2023)
MER 1.52 %
Assets ($mil) $1,330.61
Rank (1Yr) 10/87
Std Dev (3Yr) 6.19 %
Volatility Ranking (3Yr) 1/10
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 February 28, 2023)
Sector Allocation
(As of February 28, 2023)
Geographic Allocation
(As of February 28, 2023)
Top 10 Holdings
NameAssetSectorGeographicPercent
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentUnited States9.23%
IMG Worldwide Inc 18-May-2025Foreign BondsFixed IncomeUnited States0.82%
BELRON 4/21 (USD) TLBForeign BondsFixed IncomeUnited States0.75%
WESTINGHOUSE/BROOKFIELD WEC 1/Foreign BondsFixed IncomeUnited States0.74%
NETSMART 10/20 COV-LITE TLBForeign BondsFixed IncomeUnited States0.67%
OPEN TEXT 11/22 TLBForeign BondsFixed IncomeUnited States0.67%
U.S.I 11/22 INCREM TLForeign BondsFixed IncomeUnited States0.67%
FORMULA ONE 11/22 TLB 19.73% 15-Nov-2030Foreign BondsFixed IncomeEuropean Union0.62%
ULTRA ELECTRONICS 11/21 (USD)Foreign BondsFixed IncomeOther0.61%
IRB Holding Corp 7.00% 15-Jun-2025Foreign BondsFixed IncomeUnited States0.61%

Performance Data (As of February 28, 2023)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 2.80 4.42 6.94 3.48 7.90 2.74 3.78 -   
Benchmark 1.20 7.85 16.40 3.93 4.72 2.30 1.52 4.82
Quartile Ranking 1 1 1 2 1 2 1 -

Calendar Return (%) 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Fund 3.66 3.14 0.49 3.75 7.06 -3.71 3.39 17.70 9.41 -     
Benchmark -0.86 -0.97 5.27 1.22 2.81 6.15 4.59 11.20 1.85 18.31
Quartile Ranking 1 4 2 4 1 4 4 1 1 -

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