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Dynamic Preferred Yield Class Series A

Preferred Sh Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023, 2022, 2021, 2018

Click for more information on Fundata’s FundGrade

NAVPS
(08-22-2025)
$9.83
Change
$0.00 (0.02%)

As at July 31, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Jul 2013Jul 2014Jul 2015Jul 2016Jul 2017Jul 2018Jul 2019Jul 2020Jul 2021Jul 2022Jul 2023Jul 2024Jul 2025Oct 2022Jan 2023Apr 2023Oct 2023Jan 2024Apr 2024Oct 2024Jan 2025Apr 2025Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025$10,000$20,000$7,500$12,500$15,000$17,500$8,000$9,000$11,000$12,000$13,000$14,000Period

Legend

Dynamic Preferred Yield Class Series A

Compare Options


Fund Returns

Inception Return (April 10, 2013): 4.95%

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 3.38% 11.90% 8.18% 10.60% 18.26% 20.47% 11.54% 6.59% 12.53% 9.38% 6.03% 5.76% 7.24% 6.55%
Benchmark 3.19% 11.40% 8.28% 10.72% 18.25% 19.96% 10.03% 5.54% 9.94% 7.75% 5.14% 5.15% 6.40% 5.48%
Category Average 2.91% 9.75% 6.53% 8.69% 15.51% 17.57% 9.11% 4.74% 9.53% 7.21% 4.80% 4.72% 5.95% 5.35%
Category Rank 35 / 65 25 / 65 18 / 65 27 / 65 26 / 64 28 / 64 13 / 64 16 / 64 11 / 64 17 / 58 19 / 52 21 / 49 12 / 36 8 / 22
Quartile Ranking 3 2 2 2 2 2 1 1 1 2 2 2 2 2

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%
Monthly Return
Return % Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Fund 2.41% 0.34% -1.35% 2.79% 2.61% 2.23% 0.74% -0.22% -3.81% 5.35% 2.75% 3.38%
Benchmark 2.71% 0.48% -1.38% 2.29% 2.59% 2.25% 0.45% -0.12% -3.12% 5.05% 2.77% 3.19%

Best Monthly Return Since Inception

10.39% (April 2020)

Worst Monthly Return Since Inception

-19.66% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-30%-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -7.45% 7.29% 14.24% -10.08% 3.34% 4.86% 26.46% -16.02% 6.42% 25.54%
Benchmark -14.95% 6.98% 13.62% -7.93% 3.48% 6.16% 19.35% -18.08% 5.90% 24.70%
Category Average -11.52% 8.78% 12.66% -8.25% 4.17% 5.25% 19.63% -16.73% 6.27% 21.47%
Quartile Ranking 2 3 2 4 3 4 1 2 2 2
Category Rank 6/ 21 23/ 31 15/ 37 39/ 50 29/ 54 46/ 59 14/ 64 29/ 64 30/ 64 25/ 64

Best Calendar Return (Last 10 years)

26.46% (2021)

Worst Calendar Return (Last 10 years)

-16.02% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 86.77
Cash and Equivalents 4.61
Canadian Corporate Bonds 4.52
International Equity 3.52
Income Trust Units 0.57
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Financial Services 40.49
Energy 24.30
Utilities 18.23
Telecommunications 4.74
Cash and Cash Equivalent 4.61
Other 7.63

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.90
Latin America 4.09
Other 0.01

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 4.61
TC Energy Corporation 3.903% First Preferred Series 7 1.89
Enbridge Inc 3.737% Series 3 1.88
TC Energy Corporation 3.479% First Preferred Series 1 1.87
Fortis Inc 3.913% Redeemable Series M 1.70
TransAlta Corporation 4.027% First Preferred Series C 1.63
Great-West Lifeco Inc - Pfd Sr G 1.55
Manulife Financial Corporation 3.80% Non-Cumulative Class 1 Series 17 1.52
BCE Inc 2.954% First Preferred Series AK 1.52
Brookfield Renewable Partners L.P 4.351 Class A Series 3 1.44

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return8910111213141516-5%0%5%10%15%

Dynamic Preferred Yield Class Series A

Median

Other - Preferred Sh Fixed Income

3 Yr Annualized

Standard Deviation 10.72% 11.07% 13.09%
Beta 0.95% 1.01% 0.99%
Alpha 0.02% 0.02% 0.01%
Rsquared 0.99% 0.97% 0.97%
Sharpe 0.70% 0.90% 0.42%
Sortino 1.42% 1.46% 0.45%
Treynor 0.08% 0.10% 0.06%
Tax Efficiency 79.22% 81.67% 70.48%
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.44% 10.72% 11.07% 13.09%
Beta 1.08% 0.95% 1.01% 0.99%
Alpha -0.01% 0.02% 0.02% 0.01%
Rsquared 0.99% 0.99% 0.97% 0.97%
Sharpe 1.66% 0.70% 0.90% 0.42%
Sortino 3.24% 1.42% 1.46% 0.45%
Treynor 0.13% 0.08% 0.10% 0.06%
Tax Efficiency 84.20% 79.22% 81.67% 70.48%

Fund Details

Start Date April 10, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $696

Fund Codes

FundServ Code Load Code Sales Status
DYN2900
DYN2901
DYN2902
DYN7015

Investment Objectives

Dynamic Preferred Yield Class seeks to provide dividend income while preserving capital through investing primarily in preferred shares of companies across North America. Before a fundamental change is made to the investment objectives of the Fund, the prior approval of shareholders is required. This approval must be given by a resolution passed by a majority of the votes cast at a meeting of shareholders

Investment Strategy

To achieve its mandate, the Fund invests primarily in preferred shares of companies located across North America. The Fund may also invest in dividend paying common shares and other distribution paying equity, fixed income securities and interest earning securities, including exchange-traded funds and closed-end funds.

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 1.57%
Management Fee 1.30%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.70%
Trailer Fee Max (DSC) 0.70%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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