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Dynamic Credit Spectrum 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
(04-19-2024)
$7.60
Change
$0.01 (0.09%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Dynamic Credit Spectrum Fund Series A

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Fund Returns

Inception Return (December 31, 2012): 2.43%

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 0.98% 0.84% 8.37% 0.84% 7.64% 1.81% 0.73% 5.08% 2.16% 2.26% 2.04% 2.96% 1.75% 1.86%
Benchmark 0.83% 4.14% 9.32% 4.14% 11.08% 7.29% 2.94% 4.89% 3.41% 3.99% 3.87% 5.46% 5.00% 5.66%
Category Average 1.04% 7.26% 7.26% 1.57% 7.54% 1.83% 0.64% 4.84% 2.38% 2.44% 2.46% 3.43% 2.65% 2.59%
Category Rank 181 / 300 270 / 300 71 / 298 270 / 300 175 / 294 189 / 288 181 / 281 149 / 274 194 / 266 170 / 242 169 / 229 170 / 201 175 / 190 157 / 173
Quartile Ranking 3 4 1 4 3 3 3 3 3 3 3 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.94% -1.48% 0.69% 0.63% 0.21% -1.64% -0.66% 4.74% 3.29% -0.16% 0.02% 0.98%
Benchmark 1.23% -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83%

Best Monthly Return Since Inception

5.48% (July 2022)

Worst Monthly Return Since Inception

-11.00% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 4.06% -4.97% 7.01% 3.67% -2.78% 7.81% 5.14% 4.95% -11.72% 10.37%
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 2 4 4 4 3 4 3 2 4 2
Category Rank 55/ 172 138/ 183 182/ 200 176/ 228 141/ 240 199/ 265 137/ 273 95/ 275 241/ 285 84/ 294

Best Calendar Return (Last 10 years)

10.37% (2023)

Worst Calendar Return (Last 10 years)

-11.72% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 53.69
Canadian Corporate Bonds 21.54
Canadian Government Bonds 12.11
Cash and Equivalents 7.12
Foreign Bonds - Other 5.56
Other -0.02

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.90
Cash and Cash Equivalent 7.12
Other -0.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.70
Multi-National 5.32
Other -0.02

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 5.33
Dynamic Active Discount Bond ETF 5.32
Cleveland-Cliffs Inc 6.75% 15-Mar-2026 3.20
Parkland Corp 4.50% 01-Oct-2029 2.68
Canada Government 1.75% 01-Dec-2053 2.26
Northland Power Inc 9.25% 30-Jun-2083 2.13
Ontario Province 1.90% 02-Dec-2051 2.11
Canada Government 1.50% 01-Jun-2031 2.01
Precision Drilling Corp 6.88% 15-Jan-2029 1.86
Canada Government 1.50% 01-Dec-2031 1.72

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Dynamic Credit Spectrum Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 7.78% 8.45% 6.61%
Beta 0.79% 0.94% 0.56%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.51% 0.62% 0.34%
Sharpe -0.20% 0.07% 0.10%
Sortino -0.35% -0.07% -0.18%
Treynor -0.02% 0.01% 0.01%
Tax Efficiency - - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 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 6.32% 7.78% 8.45% 6.61%
Beta 0.71% 0.79% 0.94% 0.56%
Alpha 0.00% -0.01% -0.01% -0.01%
Rsquared 0.25% 0.51% 0.62% 0.34%
Sharpe 0.45% -0.20% 0.07% 0.10%
Sortino 1.66% -0.35% -0.07% -0.18%
Treynor 0.04% -0.02% 0.01% 0.01%
Tax Efficiency 66.71% - - -

Fund Details

Start Date December 31, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $204

Fund Codes

FundServ Code Load Code Sales Status
DYN2790
DYN2791
DYN2792
DYN7027

Investment Objectives

Dynamic Credit Spectrum Fund seeks to achieve a high level of interest income and the potential for some long-term capital growth by investing primarily in an actively managed and diversified portfolio of corporate credit securities. Before a fundamental change is made to the investment objectives 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

In order to achieve its objectives, the Fund may invest in the following types of investments including but not limited to: North American bonds typically rated BB high, Ba1 or BB+ or lower by a nationally recognized credit rating agency, unrated securities, investment grade corporate bonds, asset backed securities, including mortgage backed securities, convertible securities, preferred shares, ETFs and closed-end funds, government bonds, leveraged loans, and cash equivalents.

Portfolio Manager(s)

Name Start Date
Marc-André Gaudreau 01-23-2013

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 1.95%
Management Fee 1.60%
Load Choice of Front or Back
FE Max 5.00%
DSC Max 6.00%
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) 0.30%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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