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Dynamic Credit Spectrum Fund Series A

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(12-06-2024)
$7.89
Change
$0.02 (0.25%)

As at October 31, 2024

As at August 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): 2.64%

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 -0.72% 1.00% 4.99% 4.72% 13.29% 8.08% 0.98% 3.22% 2.61% 2.95% 2.37% 2.53% 2.61% 2.02%
Benchmark 2.26% 3.80% 8.78% 13.90% 17.70% 14.40% 6.03% 4.76% 4.75% 5.41% 4.78% 4.95% 5.71% 6.38%
Category Average -0.34% 1.96% 5.58% 6.30% 13.33% 8.38% 1.37% 2.95% 2.78% 3.24% 2.70% 3.06% 3.36% 2.90%
Category Rank 272 / 304 284 / 303 242 / 302 270 / 302 203 / 302 215 / 296 220 / 287 165 / 277 195 / 271 195 / 259 177 / 237 178 / 225 178 / 195 165 / 182
Quartile Ranking 4 4 4 4 3 3 4 3 3 4 3 4 4 4

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 4.74% 3.29% -0.16% 0.02% 0.98% -1.09% 1.18% 0.92% 1.80% 0.76% 0.96% -0.72%
Benchmark 2.42% 0.89% 1.39% 1.87% 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26%

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 58/ 171 142/ 183 181/ 199 176/ 227 140/ 238 198/ 263 138/ 273 99/ 278 244/ 287 91/ 296

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 52.47
Canadian Corporate Bonds 25.31
Canadian Government Bonds 11.03
Foreign Bonds - Other 5.77
Cash and Equivalents 5.47
Other -0.05

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.59
Cash and Cash Equivalent 5.47
Other -0.06

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.27
Multi-National 5.77
Other -0.04

Top Holdings

Top Holdings
Name Percent
Dynamic Active Discount Bond ETF 5.77
Canada Government 2.75% 01-Dec-2055 4.95
Parkland Corp 4.50% 01-Oct-2029 2.73
USD OVERNIGHT DEPOSIT 0.00% 03-Sep-2024 2.25
Northland Power Inc (Ontario) 9.25% 30-Jun-2083 2.13
Veren Inc 5.50% 21-Jun-2034 2.13
Precision Drilling Corp 6.88% 15-Jan-2029 2.05
Canada Government 1.50% 01-Dec-2031 1.88
Nationstar Mortgage Holdgs Inc 5.00% 01-Feb-2026 1.74
Parkland Corporation 3.87% 16-Jun-2026 1.47

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Dynamic Credit Spectrum Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 7.89% 8.51% 6.61%
Beta 0.87% 0.91% 0.55%
Alpha -0.04% -0.02% -0.01%
Rsquared 0.55% 0.60% 0.34%
Sharpe -0.28% 0.08% 0.10%
Sortino -0.30% -0.01% -0.15%
Treynor -0.03% 0.01% 0.01%
Tax Efficiency - 12.59% -
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 5.68% 7.89% 8.51% 6.61%
Beta 0.34% 0.87% 0.91% 0.55%
Alpha 0.07% -0.04% -0.02% -0.01%
Rsquared 0.04% 0.55% 0.60% 0.34%
Sharpe 1.42% -0.28% 0.08% 0.10%
Sortino 5.65% -0.30% -0.01% -0.15%
Treynor 0.24% -0.03% 0.01% 0.01%
Tax Efficiency 80.46% - 12.59% -

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) $197

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 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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