Renaissance Canadian Bond Fund [Class A]

To obtain a high level of current income consistent with preservation of capital through investment primarily in bonds, debentures, notes and other debt instruments of Canadian governments, financial institutions and corporations.

Also available in Class F

Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100

Distributions: On a monthly basis, income accumulated to date is distributed. In the month of December, income and capital gains accumulated to date are distributed. The monthly distribution amounts may change from time to time at our discretion.
Pre-Authorized Chequing Investment: $50 minimum investment for monthly, quarterly, semi-annual or annual deposit.
Systematic Withdrawal Plan: With minimum initial account value of $10,000. 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: 1.25%
Front-End Load OptionATL1022
Back-End Load Option-
Low Load Option-
Closed to all purchases
Front-End Load Option-
Back-End Load Option**ATL1122
Low Load Option**ATL2122
Inception DateJan 1, 1973
Fund CodeATL1122
Assets Under Management ($000)
As at : 06/28/2024
$1,006,837

CIBC Asset Management 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.

Jean Gauthier

Managing Director & Chief Investment Officer, Fixed Income & Equities


Jean Gauthier is CIO of Global Fixed Income at CIBC Asset Management. Mr. Gauthier oversees CIBC Asset Management's fixed income portfolio management and research efforts. Mr. Gauthier is also an active member of CIBC Asset Management's Investment Committee.
Mr. Gauthier joined CIBC Asset Management in 2017 and holds a Bachelor of Business Administration degree in Finance from the Université du Québec à Montréal (UQAM). He is also a CFA charterholder.

Adam Ditkofsky, CFA

Senior Portfolio Manager, Global Fixed Income

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 and a member of the CFA Society of Toronto.

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 (%) ††
10.23 7.38 4.92
As of May 31, 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
0.7%(0.4%)(0.4%)3.3%(2.6%)(0.7%)1.0%6.6%
3 mo
6 mo
YTD
1 yr
3 yrs
5 yrs
10 yrs
Since Inception
0.7%
(0.4%)
(0.4%)
3.3%
(2.6%)
(0.7%)
1.0%
6.6%

As at: 06/28/2024

Calendar Year Performance
2023202220212020201920182017201620152014
6.3%(13%)(3.5%)8.30%6.7%(0.07%)1.9%2.4%1.2%7.0%
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
6.3%
(13%)
(3.5%)
8.30%
6.7%
(0.07%)
1.9%
2.4%
1.2%
7.0%
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.

Please refer to the Annual/Interim Management Reports of Fund Performance for further details.

**Effective May 13, 2022, all deferred sales charge (referred to as DSC) purchase options (i.e. back-end load and low-load options) are closed to new purchases, including purchases through pre-authorized chequing plans. Switches to units of another Fund managed by CIBC Asset Management Inc. under the same DSC purchase option will continue to be available.

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 class A 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 funds are not guaranteed. The values of many mutual funds change frequently. Past performance may not be repeated.