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Dynamic High Yield Bond Fund Series A

High Yield Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(04-04-2025)
$1.45
Change
-$0.02 (-1.06%)

As at February 28, 2025

As at December 31, 2024

Period
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Legend

Dynamic High Yield Bond Fund Series A

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Fund Returns

Inception Return (December 31, 1995): 2.56%

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 0.53% 1.10% 2.30% 1.51% 7.19% 8.46% 3.19% 2.50% 3.37% 3.22% 3.04% 2.81% 4.16% 2.87%
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% 1.22% 3.26% 1.57% 8.24% 7.59% 3.19% 2.16% 3.00% 3.30% 3.05% 3.04% 4.20% 3.07%
Category Rank 153 / 283 230 / 283 263 / 283 179 / 283 256 / 281 135 / 275 194 / 269 166 / 263 148 / 252 179 / 244 153 / 221 163 / 209 154 / 200 147 / 189
Quartile Ranking 3 4 4 3 4 2 3 3 3 3 3 4 4 4

Monthly Return

Monthly Return
Return % Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Fund 1.14% -0.65% 0.99% 0.80% 1.48% 0.94% 0.61% -0.53% 1.10% -0.40% 0.98% 0.53%
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

9.64% (November 2002)

Worst Monthly Return Since Inception

-13.67% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -2.01% 8.01% 4.27% -3.53% 9.66% 3.79% 5.42% -11.29% 11.10% 6.20%
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 2 4 3 3 3 3 2 4 1 4
Category Rank 82/ 182 174/ 199 149/ 208 153/ 219 143/ 244 173/ 252 81/ 257 225/ 266 68/ 275 229/ 281

Best Calendar Return (Last 10 years)

11.10% (2023)

Worst Calendar Return (Last 10 years)

-11.29% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 66.09
Canadian Corporate Bonds 19.92
Cash and Equivalents 9.39
Foreign Government Bonds 3.40
Canadian Government Bonds 1.16
Other 0.04

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.57
Cash and Cash Equivalent 9.39
Other 0.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.96
Europe 0.01
Other 0.03

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 8.25
iShares iBoxx $ High Yield Corp Bond ETF (HYG) 3.72
United States Treasury 4.13% 31-Oct-2031 3.37
Nationstar Mortgage Holdgs Inc 5.00% 01-Feb-2026 2.61
Parkland Corp 4.50% 01-Oct-2029 2.60
Precision Drilling Corp 6.88% 15-Jan-2029 2.50
PennyMac Financial Servics Inc 5.75% 15-Sep-2031 1.92
Northland Power Inc (Ontario) 9.25% 30-Jun-2083 1.92
Secure Energy Services Inc 6.75% 22-Mar-2029 1.83
Wolf Midstream Canada LP 6.40% 18-Jul-2029 1.80

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Dynamic High Yield Bond Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 7.90% 9.56% 7.79%
Beta 0.90% 1.00% 0.64%
Alpha -0.04% -0.02% -0.01%
Rsquared 0.53% 0.58% 0.29%
Sharpe -0.04% 0.15% 0.19%
Sortino 0.08% 0.10% 0.02%
Treynor 0.00% 0.01% 0.02%
Tax Efficiency 13.98% 24.00% -
Volatility Volatility rating is 3 on a scale of 1 to 10 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 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.47% 7.90% 9.56% 7.79%
Beta -0.05% 0.90% 1.00% 0.64%
Alpha 0.08% -0.04% -0.02% -0.01%
Rsquared 0.01% 0.53% 0.58% 0.29%
Sharpe 1.18% -0.04% 0.15% 0.19%
Sortino 2.95% 0.08% 0.10% 0.02%
Treynor -0.53% 0.00% 0.01% 0.02%
Tax Efficiency 60.91% 13.98% 24.00% -

Fund Details

Start Date December 31, 1995
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $635

Fund Codes

FundServ Code Load Code Sales Status
DYN3105
DYN3315
DYN3415
DYN3515
DYN435
DYN7028
DYN9005
DYN9105
DYN9405
DYN9605
DYN9705
DYN9805

Investment Objectives

Dynamic High Yield Bond Fund seeks to achieve above average interest income and the potential for some long-term capital growth by investing primarily in high yield corporate bonds or other income-producing securities. 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 portfolio advisor: will focus primarily on corporate bonds and debt obligations that, typically, are rated BB+ and below by a recognized North American bond-rating agency. The Fund also may invest in corporate bonds that may have gone into default. The Fund may also invest in other fixed income securities. Will primarily focus on North American companies of all capitalizations in all industry sectors.

Portfolio Management

Portfolio Manager

1832 Asset Management L.P.

  • Marc-André Gaudreau
Sub-Advisor

-

Management and Organization

Fund Manager

1832 Asset Management L.P.

Custodian

State Street Trust Company Canada

Registrar

1832 Asset Management L.P.

Distributor

1832 Asset Management L.P.

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 2.24%
Management Fee 1.50%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 6.00%
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) 0.75%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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