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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
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|
NAVPS (04-04-2025) |
$7.66 |
|---|---|
| Change |
-$0.06
(-0.81%)
|
As at February 28, 2025
As at December 31, 2024
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Inception Return (December 31, 2012): 2.76%
| 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 | 0.63% | 1.01% | 2.55% | 1.62% | 7.28% | 7.81% | 2.73% | 2.09% | 2.88% | 3.03% | 2.77% | 2.53% | 3.65% | 2.19% |
| 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 | 99 / 283 | 236 / 283 | 253 / 283 | 142 / 283 | 244 / 281 | 189 / 275 | 230 / 269 | 195 / 263 | 195 / 252 | 202 / 244 | 176 / 221 | 177 / 209 | 179 / 200 | 172 / 189 |
| Quartile Ranking | 2 | 4 | 4 | 3 | 4 | 3 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.98% | -1.09% | 1.18% | 0.92% | 1.80% | 0.76% | 0.96% | -0.72% | 1.28% | -0.60% | 0.98% | 0.63% |
| 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% |
5.48% (July 2022)
-11.00% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -4.97% | 7.01% | 3.67% | -2.78% | 7.81% | 5.14% | 4.95% | -11.72% | 10.37% | 5.42% |
| 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 | 4 | 4 | 4 | 3 | 4 | 3 | 2 | 4 | 2 | 4 |
| Category Rank | 142/ 182 | 181/ 199 | 173/ 208 | 127/ 219 | 197/ 244 | 137/ 252 | 100/ 257 | 230/ 266 | 92/ 275 | 251/ 281 |
10.37% (2023)
-11.72% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 48.35 |
| Canadian Corporate Bonds | 25.91 |
| Canadian Government Bonds | 10.41 |
| Foreign Bonds - Other | 6.16 |
| Cash and Equivalents | 4.57 |
| Other | 4.60 |
| Name | Percent |
|---|---|
| Fixed Income | 94.98 |
| Cash and Cash Equivalent | 4.58 |
| Energy | 0.18 |
| Financial Services | 0.15 |
| Utilities | 0.05 |
| Other | 0.06 |
| Name | Percent |
|---|---|
| North America | 93.79 |
| Multi-National | 6.16 |
| Latin America | 0.01 |
| Other | 0.04 |
| Name | Percent |
|---|---|
| Dynamic Active Discount Bond ETF | 6.16 |
| Canada Government 2.75% 01-Dec-2055 | 5.16 |
| United States Treasury 4.13% 31-Oct-2031 | 4.12 |
| Cash and Cash Equivalents | 3.66 |
| Parkland Corp 4.50% 01-Oct-2029 | 2.70 |
| Veren Inc 5.50% 21-Jun-2034 | 2.01 |
| Precision Drilling Corp 6.88% 15-Jan-2029 | 1.91 |
| Bank of Nova Scotia 4.44% 15-Nov-2034 | 1.57 |
| Freedom Mortgage Corp 7.63% 01-May-2026 | 1.56 |
| Canada Government 1.50% 01-Dec-2031 | 1.51 |
Dynamic Credit Spectrum Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 7.69% | 8.51% | 6.59% |
|---|---|---|---|
| Beta | 0.88% | 0.90% | 0.61% |
| Alpha | -0.05% | -0.02% | -0.01% |
| Rsquared | 0.54% | 0.59% | 0.37% |
| Sharpe | -0.11% | 0.10% | 0.11% |
| Sortino | 0.00% | 0.03% | -0.12% |
| Treynor | -0.01% | 0.01% | 0.01% |
| Tax Efficiency | 5.54% | 18.91% | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.10% | 7.69% | 8.51% | 6.59% |
| Beta | 0.01% | 0.88% | 0.90% | 0.61% |
| Alpha | 0.07% | -0.05% | -0.02% | -0.01% |
| Rsquared | 0.00% | 0.54% | 0.59% | 0.37% |
| Sharpe | 0.97% | -0.11% | 0.10% | 0.11% |
| Sortino | 2.21% | 0.00% | 0.03% | -0.12% |
| Treynor | 2.59% | -0.01% | 0.01% | 0.01% |
| Tax Efficiency | 64.06% | 5.54% | 18.91% | - |
| 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) | $176 |
| 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.
| Portfolio Manager |
1832 Asset Management L.P.
|
|---|---|
| Sub-Advisor |
- |
| 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. |
| 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) | 0.75% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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