Renaissance High Income Fund Class A (ATL1880)

Renaissance High Income Fund Class A (ATL1880 $9.34)
- $9.34 Fwd P/E: 13.8X Cap: $306M
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Renaissance High Income Fund Class A (ATL1880 $9.34)
- $9.34 Fwd P/E: 13.8X Cap: $306M
- View ATL1880 Profile
- View Questions on ATL1880

Q: We have been divesting ATL1880 but it still is 1.7% of our portfolio (was 20%). One reason is because I realized that its return is mostly ROC and it has a high turnover rate.
I feel that the turnover is churn to the benefit of management company. I have recently read that receiving ROC is not necessarily a bad thing. Would like your opinion in general and in relation to this fund. This is our last mutual fund holding and its fees are also higher then I think reasonable. As we need income I want to replace with something that would provide equal income so would appreciate any suggestions you may have.

Read Answer Asked by Betty on May 08, 2019