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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
(07-18-2025)
$7.74
Change
$0.01 (0.13%)

As at June 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 2013Jan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2014Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024$10,000$11,000$12,000$13,000$14,000$15,000$9,500$10,500$11,500$12,500Period

Legend

Dynamic Credit Spectrum Fund Series A

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Fund Returns

Inception Return (December 31, 2012): 2.74%

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 1.47% 1.48% 2.35% 2.35% 5.94% 7.25% 6.97% 1.54% 3.80% 2.70% 2.91% 2.55% 3.06% 2.36%
Benchmark 1.47% -0.66% 1.39% 1.39% 11.51% 12.96% 12.81% 5.35% 5.30% 5.02% 5.27% 5.04% 5.83% 5.88%
Category Average 1.42% 2.40% 3.00% 3.00% 7.58% 7.77% 6.81% 2.02% 3.86% 3.08% 3.29% 3.05% 3.59% 3.21%
Category Rank 87 / 245 205 / 245 157 / 242 157 / 242 223 / 242 199 / 235 153 / 232 190 / 229 162 / 219 178 / 213 164 / 196 157 / 184 146 / 168 152 / 160
Quartile Ranking 2 4 3 3 4 4 3 4 3 4 4 4 4 4

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.80% 0.76% 0.96% -0.72% 1.28% -0.60% 0.98% 0.63% -0.75% -0.95% 0.97% 1.47%
Benchmark 2.95% -0.48% 2.00% 2.26% 0.82% 2.08% 1.94% 0.36% -0.24% -3.14% 1.07% 1.47%

Best Monthly Return Since Inception

5.48% (July 2022)

Worst Monthly Return Since Inception

-11.00% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
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 118/ 153 151/ 167 153/ 175 105/ 186 181/ 211 110/ 218 88/ 222 195/ 229 84/ 235 218/ 241

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 52.96
Canadian Corporate Bonds 27.94
Foreign Government Bonds 5.51
Canadian Government Bonds 5.12
Foreign Bonds - Other 4.74
Other 3.73

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.28
Cash and Cash Equivalent 2.86
Energy 0.82
Other 0.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.22
Multi-National 4.74
Other 0.04

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.13% 31-Oct-2031 5.46
Dynamic Active Discount Bond ETF 4.74
Parkland Corp 4.50% 01-Oct-2029 2.70
Cash and Cash Equivalents 1.98
Canada Housing Trust No 1 3.55% 15-Sep-2032 1.89
Canada Government 2.75% 01-Dec-2055 1.72
Enbridge Inc 8.75% 15-Oct-2033 1.72
PennyMac Financial Servics Inc 5.75% 15-Sep-2031 1.65
Capital Power Corp 8.13% 05-Jun-2054 1.65
Precision Drilling Corp 6.88% 15-Jan-2029 1.53

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return1234567891011122%4%6%8%10%12%14%

Dynamic Credit Spectrum Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 6.38% 6.61% 6.61%
Beta 0.76% 0.69% 0.62%
Alpha -0.02% 0.00% -0.01%
Rsquared 0.34% 0.43% 0.38%
Sharpe 0.46% 0.22% 0.12%
Sortino 1.13% 0.21% -0.08%
Treynor 0.04% 0.02% 0.01%
Tax Efficiency 62.70% 38.60% -
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 3.36% 6.38% 6.61% 6.61%
Beta 0.27% 0.76% 0.69% 0.62%
Alpha 0.03% -0.02% 0.00% -0.01%
Rsquared 0.22% 0.34% 0.43% 0.38%
Sharpe 0.74% 0.46% 0.22% 0.12%
Sortino 1.40% 1.13% 0.21% -0.08%
Treynor 0.09% 0.04% 0.02% 0.01%
Tax Efficiency 56.71% 62.70% 38.60% -

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) $128

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 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 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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