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High Yield Fixed Income
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|
NAVPS (07-25-2024) |
$7.79 |
|---|---|
| Change |
$0.00
(0.03%)
|
As at June 30, 2024
As at April 30, 2024
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Inception Return (December 31, 2012): 2.47%
| 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 | 0.92% | 1.00% | 1.85% | 1.85% | 8.57% | 7.48% | 0.11% | 3.27% | 2.06% | 2.41% | 2.07% | 2.70% | 1.97% | 1.76% |
| Benchmark | 1.79% | 2.35% | 6.59% | 6.59% | 14.42% | 13.47% | 3.38% | 3.80% | 3.77% | 4.27% | 4.15% | 5.14% | 5.27% | 5.98% |
| Category Average | 0.68% | 2.56% | 2.56% | 2.56% | 7.97% | 6.42% | 0.23% | 2.95% | 2.20% | 2.59% | 2.42% | 3.11% | 2.73% | 2.49% |
| Category Rank | 59 / 301 | 193 / 301 | 251 / 301 | 251 / 301 | 160 / 295 | 137 / 292 | 202 / 286 | 163 / 276 | 193 / 270 | 171 / 250 | 176 / 238 | 169 / 221 | 168 / 193 | 162 / 181 |
| Quartile Ranking | 1 | 3 | 4 | 4 | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 |
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.63% | 0.21% | -1.64% | -0.66% | 4.74% | 3.29% | -0.16% | 0.02% | 0.98% | -1.09% | 1.18% | 0.92% |
| Benchmark | 1.08% | 2.51% | -1.32% | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% |
5.48% (July 2022)
-11.00% (March 2020)
| 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 | 58/ 173 | 142/ 185 | 183/ 201 | 178/ 229 | 141/ 240 | 199/ 265 | 140/ 275 | 97/ 277 | 243/ 286 | 88/ 295 |
10.37% (2023)
-11.72% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 56.90 |
| Canadian Corporate Bonds | 19.03 |
| Canadian Government Bonds | 11.29 |
| Cash and Equivalents | 7.38 |
| Foreign Bonds - Other | 5.41 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| Fixed Income | 92.64 |
| Cash and Cash Equivalent | 7.38 |
| Other | -0.02 |
| Name | Percent |
|---|---|
| North America | 94.61 |
| Multi-National | 5.41 |
| Other | -0.02 |
| Name | Percent |
|---|---|
| Dynamic Active Discount Bond ETF | 5.41 |
| Canada Government 1.75% 01-Dec-2053 | 4.68 |
| USD OVERNIGHT DEPOSIT 0.00% 01-May-2024 | 3.68 |
| Parkland Corp 4.50% 01-Oct-2029 | 2.79 |
| Canada Government 2.00% 01-Jun-2032 | 2.55 |
| Cash and Cash Equivalents | 2.29 |
| Northland Power Inc 9.25% 30-Jun-2083 | 2.21 |
| Precision Drilling Corp 6.88% 15-Jan-2029 | 1.98 |
| Canada Government 1.50% 01-Dec-2031 | 1.73 |
| Parkland Corporation 3.87% 16-Jun-2026 | 1.50 |
Dynamic Credit Spectrum Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 7.79% | 8.47% | 6.62% |
|---|---|---|---|
| Beta | 0.82% | 0.95% | 0.56% |
| Alpha | -0.03% | -0.01% | -0.01% |
| Rsquared | 0.52% | 0.62% | 0.34% |
| Sharpe | -0.33% | 0.04% | 0.08% |
| Sortino | -0.45% | -0.09% | -0.19% |
| Treynor | -0.03% | 0.00% | 0.01% |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.21% | 7.79% | 8.47% | 6.62% |
| Beta | 0.70% | 0.82% | 0.95% | 0.56% |
| Alpha | -0.01% | -0.03% | -0.01% | -0.01% |
| Rsquared | 0.18% | 0.52% | 0.62% | 0.34% |
| Sharpe | 0.58% | -0.33% | 0.04% | 0.08% |
| Sortino | 2.15% | -0.45% | -0.09% | -0.19% |
| Treynor | 0.05% | -0.03% | 0.00% | 0.01% |
| Tax Efficiency | 70.27% | - | - | - |
| 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) | $197 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| DYN2790 | ||
| DYN2791 | ||
| DYN2792 | ||
| DYN7027 |
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
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.
| Name | Start Date |
|---|---|
| Marc-André Gaudreau | 01-23-2013 |
| 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 |
| 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 |
| MER | 1.95% |
|---|---|
| Management Fee | 1.60% |
| 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) | 0.30% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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