ETF Detail - Fund Library

Close (12-20-2024)	$19.52
Change	-$0.01 (-0.05%)

Open	$19.51
Day Range	$19.51 - $19.52
Volume	3,500

Closing Price / Volume

Period

Legend

Dynamic Active Crossover Bond ETF

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Fund Returns

Inception Return (January 20, 2017): 4.56%

Fund Returns
Row Heading	Return				Annualized Return
Row Heading	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	1.44%	1.73%	5.52%	7.04%	10.54%	8.77%	2.12%	2.83%	4.00%	5.42%	4.31%	-	-	-
Benchmark	0.82%	5.17%	9.67%	14.84%	15.87%	12.91%	5.71%	4.51%	4.92%	5.53%	4.90%	5.16%	5.85%	6.42%
Category Average	1.12%	5.52%	5.52%	7.49%	10.61%	7.81%	1.98%	2.44%	2.94%	3.57%	2.87%	3.33%	3.63%	3.03%
Category Rank	43 / 304	228 / 304	178 / 302	214 / 302	192 / 302	127 / 296	186 / 287	163 / 278	89 / 272	45 / 260	53 / 237	-	-	-
Quartile Ranking	1	3	3	3	3	2	3	3	2	1	1	-	-	-

Monthly Return

Monthly Return
Return %	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov
Fund	3.27%	0.07%	-0.33%	1.40%	-1.07%	1.40%	0.89%	1.71%	1.08%	0.99%	-0.70%	1.44%
Benchmark	0.89%	1.39%	1.87%	0.83%	0.55%	0.00%	1.79%	2.95%	-0.48%	2.00%	2.26%	0.82%

Best Monthly Return Since Inception

5.70% (July 2022)

Worst Monthly Return Since Inception

-9.61% (March 2020)

Calendar Return (%)

Calendar Return
Return %	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Fund	-	-	-	-	-2.73%	14.24%	9.73%	5.12%	-12.08%	11.34%
Benchmark	8.91%	14.93%	10.80%	2.96%	5.36%	7.98%	6.14%	0.50%	-6.92%	10.36%
Category Average	2.69%	-2.71%	9.58%	5.34%	-2.63%	9.49%	5.35%	3.21%	-10.00%	8.59%
Quartile Ranking	-	-	-	-	3	1	1	2	4	1
Category Rank	-	-	-	-	134/ 238	7/ 263	21/ 273	94/ 278	251/ 287	58/ 296

Best Calendar Return (Last 10 years)

14.24% (2019)

Worst Calendar Return (Last 10 years)

-12.08% (2022)

Asset Allocation

Asset Allocation
Name	Percent
Foreign Corporate Bonds	48.22
Canadian Corporate Bonds	40.13
Cash and Equivalents	6.12
Canadian Government Bonds	3.04
Foreign Government Bonds	2.49

Sector Allocation

Sector Allocation
Name	Percent
Fixed Income	93.88
Cash and Cash Equivalent	6.12

Geographic Allocation

Geographic Allocation
Name	Percent
North America	97.71
Other	2.29

Top Holdings

Top Holdings
Name	Percent
Wolf Midstream Canada LP 6.40% 18-Jul-2029	3.86
NuVista Energy Ltd 7.87% 23-Jul-2026	3.85
Videotron Ltd 5.75% 15-Jan-2026	3.59
Transcanada Pipelines Ltd 5.42% 10-Mar-2026	2.90
Secure Energy Services Inc 6.75% 22-Mar-2029	2.73
United States Treasury 4.00% 15-Feb-2034	2.49
NOVA Chemicals Corp 8.50% 15-Nov-2028	2.45
Ford Motor Credit Co LLC 4.00% 13-Aug-2030	2.45
Northland Power Inc (Ontario) 9.25% 30-Jun-2083	2.38
SCOTIA CAD OVERNIGHTDEPOSIT 5.30% 31-Dec-2049	2.29

Equity Style

Fixed Income Style

Average Duration: M. Average Credit Quality: M.

Period:

Risk vs Return (3 Yr)

Dynamic Active Crossover Bond ETF

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation	8.74%	8.74%	-
Beta	0.94%	0.91%	-
Alpha	-0.03%	0.00%	-
Rsquared	0.51%	0.57%	-
Sharpe	-0.12%	0.23%	-
Sortino	-0.08%	0.20%	-
Treynor	-0.01%	0.02%	-
Tax Efficiency	-	48.34%	-
Volatility			-

Risk Rating

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio	1 Yr	3 Yr	5 Yr	10 Yr
Standard Deviation	4.15%	8.74%	8.74%	-
Beta	-0.18%	0.94%	0.91%	-
Alpha	0.13%	-0.03%	0.00%	-
Rsquared	0.02%	0.51%	0.57%	-
Sharpe	1.36%	-0.12%	0.23%	-
Sortino	4.10%	-0.08%	0.20%	-
Treynor	-0.32%	-0.01%	0.02%	-
Tax Efficiency	77.82%	-	48.34%	-

No data available

Fund Details

Start Date	January 20, 2017
Instrument Type	Exchange Traded Fund
Share Class	Do-It-Yourself
Legal Status	Trust
Sales Status	Open
Currency	CAD
Distribution Frequency	Monthly
Assets ($mil)	-
52 Week High	$19.84
52 Week Low	$18.27
Annual Dividend	$1.09
Annual Yield	-
Index	-
Shares Outstanding	-
Registered Plan Eligible	Yes

ETF Characteristics

Exposure	1x performance
Asset Class High	-
Asset Class Medium	-
Asset Class Low	-
Leveraged	-
Inverse	-
Advisor Series	-
Covered Call Strategy	No

Investment Objectives

DXO seeks to provide interest income and the potential for some long-term capital growth by investing primarily in North American fixed income corporate securities that are rated close to the line dividing investment grade and high-yield credit. Exposure to these types of fixed income securities will be obtained by investing primarily in Dynamic Active Crossover Bond Fund (the “Dynamic ACB Fund”).

Investment Strategy

To achieve its objective, DXO will invest primarily in fixed income corporate securities from North America that are close to the line dividing investment grade and high-yield credit in order to take advantage of market dynamics that tend to surround upgrades to investment grade and downgrades from investment grade. These include securities rated between BBB+ and BB- by nationally recognized credit agencies. DXO may also invest in a broader range of fixed income securities.

Portfolio Manager(s)

Name	Start Date
Marc-André Gaudreau	01-25-2017
Roger Rouleau	07-13-2020
Jeremy Lucas	07-13-2020

Management and Organization

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

Fees

MER	0.55%
Management Fee	0.50%

Dynamic Active Crossover Bond ETF (DXO : TSX)

FundGrade B

FundGrade A+® Rating Recipient