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Dynamic Investment Grade Floating Rate Fund Series A

Cdn Short Term Fixed Inc

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023

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NAVPS
(07-23-2024)
$9.31
Change
$0.00 (0.02%)

As at June 30, 2024

As at April 30, 2024

Period
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Legend

Dynamic Investment Grade Floating Rate Fund Series A

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Fund Returns

Inception Return (September 09, 2013): 1.52%

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 0.32% 1.05% 2.56% 2.56% 5.17% 5.11% 2.70% 2.39% 2.11% 2.02% 1.83% 1.77% 1.47% 1.34%
Benchmark 0.79% 1.25% 1.70% 1.70% 5.74% 3.40% 0.69% 0.68% 1.40% 1.82% 1.62% 1.45% 1.45% 1.64%
Category Average 0.67% 1.62% 1.62% 1.62% 5.28% 3.29% 0.46% 0.72% 1.13% 1.45% 1.24% 1.12% 1.05% 1.09%
Category Rank 314 / 320 247 / 316 55 / 287 55 / 287 203 / 281 26 / 265 19 / 249 26 / 234 42 / 227 81 / 215 76 / 202 63 / 185 79 / 171 91 / 160
Quartile Ranking 4 4 1 1 3 1 1 1 1 2 2 2 2 3

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.49% 0.34% 0.29% 0.25% 0.44% 0.71% 0.63% 0.47% 0.38% 0.42% 0.31% 0.32%
Benchmark -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86% 0.79%

Best Monthly Return Since Inception

1.73% (April 2020)

Worst Monthly Return Since Inception

-2.67% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.23% -1.19% 1.09% 1.28% 0.02% 2.18% 2.09% -0.38% 0.31% 5.53%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 4 4 3 1 4 4 4 2 1 2
Category Rank 129/ 145 159/ 166 95/ 179 39/ 187 186/ 207 185/ 223 216/ 233 71/ 239 17/ 253 93/ 267

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 61.52
Cash and Equivalents 38.61
Derivatives -0.13

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 61.52
Cash and Cash Equivalent 38.61
Other -0.13

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 29.60
Toronto-Dominion Bank (The) Interest Rate Swap variable 5.00% 11-Mar-2028 9.55
Toronto-Dominion Bank 5.49% 08-Sep-2028 8.65
Bank of Nova Scotia (The) Interest Rate Swap variable May 25 5.33% 25-May-2028 8.45
Royal Bank of Canada 4.63% 01-May-2028 8.39
Toronto-Dominion Bank (The) Interest Rate Swap variable 5.00% 11-Mar-2027 7.89
Bank of Montreal 4.54% 18-Dec-2028 7.85
Toronto-Dominion Bank (The) Interest Rate Swap variable 5.00% 14-Mar-2029 5.52
Toronto-Dominion Bank (The) Interest Rate Swap variable 5.00% 08-Mar-2029 4.78
Toronto-Dominion Bank (The) Interest Rate Swap variable 5.00% 17-Aug-2028 4.68

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Dynamic Investment Grade Floating Rate Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 1.30% 1.85% 1.45%
Beta 0.21% 0.27% 0.21%
Alpha 0.03% 0.02% 0.01%
Rsquared 0.20% 0.12% 0.07%
Sharpe -0.25% 0.01% -0.09%
Sortino -0.33% -0.57% -1.25%
Treynor -0.02% 0.00% -0.01%
Tax Efficiency 30.09% 33.78% -
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 0.48% 1.30% 1.85% 1.45%
Beta 0.02% 0.21% 0.27% 0.21%
Alpha 0.05% 0.03% 0.02% 0.01%
Rsquared 0.01% 0.20% 0.12% 0.07%
Sharpe 0.40% -0.25% 0.01% -0.09%
Sortino - -0.33% -0.57% -1.25%
Treynor 0.09% -0.02% 0.00% -0.01%
Tax Efficiency 40.32% 30.09% 33.78% -

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) $202

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 Manager(s)

Name Start Date
Marc-André Gaudreau 09-10-2013

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 1.03%
Management Fee 0.80%
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) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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