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Dynamic Active Crossover Bond ETF (DXO : TSX)

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High Yield Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022, 2021, 2020, 2019

Click for more information on Fundata’s FundGrade

Close
(03-25-2025) 		$19.57
Change
-$0.02 (-0.10%)
Open $19.60
Day Range $19.57 - $19.60
Volume 3,028

As at February 28, 2025

As at December 31, 2024

  • Closing Price / Volume
Period
Created with Highcharts 10.3.3Closing PriceVolumeJul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Apr 2024May 2024Jun 2024Jul 2024Aug 2024Sep 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 20252018-01-012019-01-012020-01-012021-01-012022-01-012023-01-012024-01-012025-01-01202…$18.00$20.00$22.00$16.00$24.00$18.50$19.00$19.500500,0001,000,000200,000Period
Created with Highcharts 10.3.3Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Apr 2024May 2024Jun 2024Jul 2024Aug 2024Sep 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 20252018-01-012019-01-012020-01-012021-01-012022-01-012023-01-012024-01-012025-01-01202…-10%0%10%-20%20%-2%-1%1%2%3%4%Period

Legend

Dynamic Active Crossover Bond ETF

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Fund Returns

Inception Return (January 20, 2017): 4.57%

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 0.75% 1.18% 2.93% 1.90% 8.59% 8.98% 3.55% 2.67% 3.81% 4.90% 4.62% 4.36% - -
Benchmark 0.36% 4.44% 9.83% 2.31% 16.13% 13.40% 8.80% 5.52% 5.20% 5.67% 5.57% 5.31% 6.56% 6.01%
Category Average 0.56% 3.26% 3.26% 1.57% 8.24% 7.58% 3.19% 2.16% 3.00% 3.30% 3.05% 3.04% 4.20% 3.07%
Category Rank 45 / 283 218 / 283 215 / 283 62 / 283 159 / 281 102 / 275 165 / 269 154 / 263 111 / 252 62 / 244 56 / 221 58 / 209 - -
Quartile Ranking 1 4 4 1 3 2 3 3 2 2 2 2 - -

Monthly Return

Created with Highcharts 10.3.3Mar 24Apr 24May 24Jun 24Jul 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 25Feb 25-2%-1%0%1%2%3%4%
Monthly Return
Return % Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Fund 1.40% -1.07% 1.40% 0.89% 1.71% 1.08% 0.99% -0.70% 1.44% -0.71% 1.14% 0.75%
Benchmark 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82% 2.08% 1.94% 0.36%

Best Monthly Return Since Inception

5.70% (July 2022)

Worst Monthly Return Since Inception

-9.61% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - -2.73% 14.24% 9.73% 5.12% -12.08% 11.34% 6.28%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking - - - 3 1 1 2 4 1 4
Category Rank - - - 121/ 219 7/ 244 21/ 252 95/ 257 236/ 266 58/ 275 223/ 281

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 47.35
Canadian Corporate Bonds 34.05
Cash and Equivalents 8.36
Foreign Government Bonds 7.10
Canadian Government Bonds 3.14

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 91.64
Cash and Cash Equivalent 8.36

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.99
Other 0.01

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 7.64
United States Treasury 3.88% 15-Aug-2034 6.41
Wolf Midstream Canada LP 6.40% 18-Jul-2029 3.87
Nuvista Energy Ltd 7.88% 23-Jul-2026 3.80
Secure Energy Services Inc 6.75% 22-Mar-2029 2.72
NOVA Chemicals Corp 8.50% 15-Nov-2025 2.55
Ford Motor Credit Co LLC 4.00% 13-Aug-2030 2.49
Capital Power Corp 8.13% 05-Jun-2054 2.33
Hess Midstream Operations LP 5.50% 15-Oct-2030 2.16
Atkinsrealis Group Inc 5.70% 26-Mar-2029 2.12

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678910111213-4%-2%0%2%4%6%8%10%12%

Dynamic Active Crossover Bond ETF

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 8.45% 8.73% -
Beta 0.91% 0.89% -
Alpha -0.04% -0.01% -
Rsquared 0.48% 0.55% -
Sharpe 0.01% 0.20% -
Sortino 0.14% 0.17% -
Treynor 0.00% 0.02% -
Tax Efficiency 33.44% 45.84% -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 -

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.32% 8.45% 8.73% -
Beta -0.10% 0.91% 0.89% -
Alpha 0.10% -0.04% -0.01% -
Rsquared 0.01% 0.48% 0.55% -
Sharpe 1.28% 0.01% 0.20% -
Sortino 2.82% 0.14% 0.17% -
Treynor -0.44% 0.00% 0.02% -
Tax Efficiency 73.17% 33.44% 45.84% -

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 $18.02
Annual Dividend $1.00
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 Management

Portfolio Manager

1832 Asset Management L.P.

  • Marc-André Gaudreau
  • Roger Rouleau
  • Jeremy Lucas
Sub-Advisor

-

Management and Organization

Fund Manager

1832 Asset Management L.P.
Custodian

State Street Trust Company Canada
Registrar

State Street Trust Company Canada
Distributor

-

Fees

MER 0.55%
Management Fee 0.50%

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