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Dynamic Ultra Short Term Bond Fund Series A

Cdn Short Term Fixed Inc

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023

Click for more information on Fundata’s FundGrade

NAVPS
(06-13-2025)
$9.31
Change
$0.00 (-0.02%)

As at May 31, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025Jan 2…$10,000$10,500$11,000$11,500$12,000$12,500$9,500Period

Legend

Dynamic Ultra Short Term Bond Fund Series A

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Fund Returns

Inception Return (September 09, 2013): 1.72%

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 0.53% 0.74% 1.72% 1.50% 4.12% 4.76% 4.63% 2.95% 2.86% 2.42% 2.26% 2.06% 1.99% 1.70%
Benchmark 0.16% 0.49% 2.32% 1.86% 6.71% 5.64% 3.94% 1.91% 1.81% 2.15% 2.42% 2.02% 1.98% 1.91%
Category Average 0.17% 0.43% 1.80% 1.58% 5.83% 5.16% 3.57% 1.56% 1.73% 1.83% 1.97% 1.64% 1.60% 1.45%
Category Rank 13 / 287 63 / 278 224 / 277 193 / 277 242 / 258 180 / 219 46 / 206 16 / 194 16 / 183 60 / 176 86 / 168 61 / 157 56 / 143 71 / 136
Quartile Ranking 1 1 4 3 4 4 1 1 1 2 3 2 2 3

Monthly Return

Created with Highcharts 10.3.3-1%0%1%1%2%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.32% 0.56% 0.13% 0.66% 0.27% 0.40% 0.21% 0.53% 0.22% 0.18% 0.04% 0.53%
Benchmark 0.79% 1.36% 0.63% 1.26% -0.30% 0.48% 0.46% 0.83% 0.52% 0.31% 0.02% 0.16%

Best Monthly Return Since Inception

1.73% (April 2020)

Worst Monthly Return Since Inception

-2.67% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%8%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -1.19% 1.09% 1.28% 0.02% 2.18% 2.09% -0.38% 0.31% 5.53% 4.87%
Benchmark 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92% 5.71%
Category Average 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84% 5.17%
Quartile Ranking 4 2 1 4 4 4 1 1 2 4
Category Rank 136/ 136 64/ 141 18/ 145 156/ 163 141/ 173 168/ 182 38/ 188 16/ 197 62/ 209 192/ 229

Best Calendar Return (Last 10 years)

5.53% (2023)

Worst Calendar Return (Last 10 years)

-1.19% (2015)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 81.44
Cash and Equivalents 10.24
Canadian Government Bonds 6.07
Mortgages 1.97
Foreign Corporate Bonds 0.28

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.76
Cash and Cash Equivalent 10.24

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Bank of Nova Scotia 3.81% 15-Nov-2027 8.61
Cash and Cash Equivalents 7.06
Canadian Imperial Bank Commrce 3.65% 10-Dec-2028 5.96
Toronto-Dominion Bank 5.49% 08-Sep-2028 5.78
Merrill Lynch International Interest Rate Swap variable 2.77% 12-Mar-2029 5.69
Canadian Imperial Bank of Commerce Interest Rate Swap variable 2.77% 24-Jun-2028 5.28
Bank of Montreal 4.31% 01-May-2027 5.25
Canada Government 4.00% 01-Mar-2029 5.03
Royal Bank of Canada 3.63% 10-Dec-2027 4.63
Merrill Lynch International Interest Rate Swap variable 2.77% 21-Feb-2028 4.55

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678-2%0%2%4%6%8%

Dynamic Ultra Short Term Bond Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 0.94% 1.17% 1.47%
Beta 0.11% 0.24% 0.26%
Alpha 0.04% 0.02% 0.01%
Rsquared 0.08% 0.24% 0.12%
Sharpe 0.62% 0.32% -0.02%
Sortino 3.54% -0.20% -1.01%
Treynor 0.06% 0.02% 0.00%
Tax Efficiency 47.00% 44.90% 26.19%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 0.68% 0.94% 1.17% 1.47%
Beta 0.25% 0.11% 0.24% 0.26%
Alpha 0.02% 0.04% 0.02% 0.01%
Rsquared 0.38% 0.08% 0.24% 0.12%
Sharpe 0.76% 0.62% 0.32% -0.02%
Sortino 4.06% 3.54% -0.20% -1.01%
Treynor 0.02% 0.06% 0.02% 0.00%
Tax Efficiency 49.01% 47.00% 44.90% 26.19%

Fund Details

Start Date September 09, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $493

Fund Codes

FundServ Code Load Code Sales Status
DYN2740
DYN2741
DYN2742
DYN7029

Investment Objectives

Dynamic Investment Grade Floating Rate Fund seeks to provide interest income while preserving capital and mitigating the effects of interest rate fluctuations. 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

To achieve the Fund's investment objectives, the portfolio advisor invests primarily in North American investment grade corporate bonds while using interest rate derivatives to minimize interest rate risk and deliver a floating rate of income. The Fund may also invest in high yield securities as long as the overall credit rating of the Fund remains BBB- or above.

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 1.03%
Management Fee 0.75%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 6.00%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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