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Dynamic Short Term Bond Fund Series A

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Cdn Short Term Fixed Inc

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(05-17-2024) 		$8.82
Change
-$0.01 (-0.10%)

As at April 30, 2024

As at February 29, 2024

Period
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Legend

Dynamic Short Term Bond Fund Series A

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Fund Returns

Inception Return (January 08, 2010): 1.26%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -0.30% 0.49% 4.68% 0.78% 4.12% 3.05% 0.42% 0.77% 1.17% 1.41% 1.08% 1.05% 0.90% 0.90%
Benchmark -0.40% 0.18% 3.22% 0.04% 2.81% 2.24% 0.10% 0.48% 1.20% 1.61% 1.27% 1.34% 1.34% 1.52%
Category Average -0.36% 3.58% 3.58% 0.18% 2.98% 2.08% -0.03% 0.63% 0.97% 1.23% 0.97% 1.00% 0.91% 0.98%
Category Rank 154 / 318 125 / 317 43 / 281 90 / 283 81 / 270 89 / 256 96 / 239 124 / 230 118 / 222 118 / 205 115 / 191 118 / 177 115 / 165 109 / 150
Quartile Ranking 2 2 1 2 2 2 2 3 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.76% -0.15% 0.25% 0.24% -0.43% 0.32% 1.95% 1.89% 0.29% 0.26% 0.52% -0.30%
Benchmark -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40%

Best Monthly Return Since Inception

1.95% (November 2023)

Worst Monthly Return Since Inception

-1.49% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.28% 0.28% 0.05% -0.27% 0.75% 3.16% 3.69% -1.17% -4.10% 5.72%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 4 4 4 4 3 2 4 3 2 2
Category Rank 121/ 140 141/ 161 152/ 174 137/ 182 134/ 202 105/ 219 177/ 229 158/ 235 92/ 249 77/ 263

Best Calendar Return (Last 10 years)

5.72% (2023)

Worst Calendar Return (Last 10 years)

-4.10% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 57.16
Foreign Corporate Bonds 17.92
Cash and Equivalents 13.72
Canadian Government Bonds 6.53
Foreign Government Bonds 3.93
Other 0.74

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 86.27
Cash and Cash Equivalent 13.73

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 2.88% 23-Dec-2024 4.08
H&R REIT 2.91% 02-Jun-2026 3.79
Toronto-Dominion Bank 5.49% 08-Sep-2028 3.53
United States Treasury 4.13% 15-Feb-2027 3.43
Bank of Montreal 1.93% 22-Jul-2026 3.10
USD OVERNIGHT DEPOSIT 0.00% 01-Mar-2024 2.98
Morgan Stanley 1.59% 04-May-2026 2.56
Canadian Imperial Bank Commrce 5.50% 14-Dec-2027 2.40
AbbVie Inc 4.80% 15-Feb-2029 2.34
Canadian Imperial Bank Commrce 1.96% 21-Apr-2026 2.26

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Dynamic Short Term Bond Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.86% 2.54% 1.90%
Beta 1.01% 1.01% 0.89%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.88% 0.82% 0.78%
Sharpe -0.80% -0.31% -0.26%
Sortino -1.12% -0.90% -1.30%
Treynor -0.02% -0.01% -0.01%
Tax Efficiency - 6.94% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.86% 2.86% 2.54% 1.90%
Beta 1.02% 1.01% 1.01% 0.89%
Alpha 0.01% 0.00% 0.00% 0.00%
Rsquared 0.90% 0.88% 0.82% 0.78%
Sharpe -0.25% -0.80% -0.31% -0.26%
Sortino 0.77% -1.12% -0.90% -1.30%
Treynor -0.01% -0.02% -0.01% -0.01%
Tax Efficiency 61.72% - 6.94% -

Fund Details

Start Date January 08, 2010
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $63

Fund Codes

FundServ Code Load Code Sales Status
DYN2130
DYN2131
DYN2132
DYN2133
DYN2134
DYN2135
DYN7032

Investment Objectives

Dynamic Short Term Bond Fund seeks to provide a high level of interest income while preserving capital and maintaining liquidity. Before a fundamental change is made to the investment objective of the Fund, the prior approval of unitholders is required. This approval must be given by a resolution passed by a majority of the votes cast at a meeting of unitholders

Investment Strategy

The Fund invests in Canadian and global fixed income securities of government and corporate issuers. The Fund may invest in fixed income securities of any sector, quality or term, but will focus on government and high quality corporate securities with a term to maturity of five years or less. The portfolio advisor will actively manage duration and sector weightings, as well as foreign currency exposure and interest rate risk.

Portfolio Manager(s)

Name Start Date
Domenic Bellissimo 01-11-2010
Derek Amery 02-20-2020
William (Bill) Lytwynchuk 02-01-2022

Management and Organization

Fund Manager 1832 Asset Management L.P.
Advisor 1832 Asset Management L.P.
Custodian State Street Trust Company Canada
Registrar 1832 Asset Management L.P.
Distributor 1832 Asset Management L.P.
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 100
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 1.43%
Management Fee 1.15%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 2.00%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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