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Dynamic Premium Yield Fund Series A

Misc - Inc&Real Property

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-19-2024)
$11.65
Change
-$0.02 (-0.13%)

As at March 31, 2024

As at January 31, 2024

As at February 29, 2024

Period
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Legend

Dynamic Premium Yield Fund Series A

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Fund Returns

Inception Return (October 28, 2013): 7.40%

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 1.48% 5.04% 8.39% 5.04% 16.81% 13.00% 9.06% 13.22% 8.23% 7.45% 7.19% 6.90% 6.16% 7.21%
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 0.86% 3.15% 3.15% 1.60% 3.18% 1.34% 3.80% 5.39% 3.78% 3.82% 3.70% 3.70% 3.18% 3.43%
Category Rank 60 / 83 26 / 83 41 / 83 26 / 83 9 / 83 9 / 83 14 / 82 13 / 80 17 / 77 18 / 68 17 / 63 19 / 57 11 / 33 9 / 30
Quartile Ranking 3 2 2 2 1 1 1 1 1 2 2 2 2 2

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 2.13% 1.98% 1.05% 1.48% 1.67% -0.76% -0.38% 3.35% 0.22% 0.87% 2.61% 1.48%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

5.91% (February 2021)

Worst Monthly Return Since Inception

-7.55% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 15.18% 7.04% 0.22% 7.97% -2.09% 8.85% 2.94% 12.89% -1.38% 20.59%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 5.16% 2.24% 1.46% 4.39% 0.91% 7.57% 1.50% 10.36% -0.98% 2.53%
Quartile Ranking 2 2 4 2 3 3 1 2 2 1
Category Rank 13/ 29 13/ 33 43/ 49 21/ 59 41/ 66 46/ 76 16/ 79 36/ 82 34/ 82 10/ 83

Best Calendar Return (Last 10 years)

20.59% (2023)

Worst Calendar Return (Last 10 years)

-2.09% (2018)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 70.71
US Equity 22.87
Canadian Equity 3.53
International Equity 2.85
Other 0.04

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 70.71
Consumer Services 7.90
Healthcare 7.69
Technology 7.14
Energy 3.52
Other 3.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.11
Europe 2.30
Africa and Middle East 0.55
Multi-National 0.04

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 53.05
Option TD Options Cash Collateral USD 6.42
Amazon.com Inc 3.78
USD OVERNIGHT DEPOSIT 0.00% 01-Feb-2024 3.25
Microsoft Corp 2.77
UnitedHealth Group Inc 2.48
Dynamic Premium Yield PLUS Fund Series O 2.37
Meta Platforms Inc Cl A 2.17
Burlington Stores Inc 2.04
Option TD Options Cash Collateral CAD 2.04

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Dynamic Premium Yield Fund Series A

Median

Other - Misc - Inc&Real Property

3 Yr Annualized

Standard Deviation 6.97% 8.14% 7.07%
Beta 0.31% 0.39% 0.37%
Alpha 0.06% 0.04% 0.04%
Rsquared 0.35% 0.55% 0.44%
Sharpe 0.91% 0.78% 0.83%
Sortino 1.44% 0.97% 0.93%
Treynor 0.21% 0.16% 0.16%
Tax Efficiency 69.40% 66.57% -
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 3 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 4.15% 6.97% 8.14% 7.07%
Beta 0.16% 0.31% 0.39% 0.37%
Alpha 0.13% 0.06% 0.04% 0.04%
Rsquared 0.25% 0.35% 0.55% 0.44%
Sharpe 2.65% 0.91% 0.78% 0.83%
Sortino 10.68% 1.44% 0.97% 0.93%
Treynor 0.68% 0.21% 0.16% 0.16%
Tax Efficiency 80.74% 69.40% 66.57% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date October 28, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $3,369

Fund Codes

FundServ Code Load Code Sales Status
DYN2850
DYN2851
DYN2852
DYN7119

Investment Objectives

Dynamic Premium Yield Fund seeks to achieve high income and long-term capital appreciation primarily by writing put options on equity securities to collect premiums, investing directly in equity securities and/or writing call options on these 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

The Fund uses a broad range of options strategies to produce high-level income, offer long-term capital appreciation and preserve capital. The investment process is based on fundamental analysis and is further enhanced by proprietary options and volatility analysis. The Fund will seek attractive investment candidates using fundamental analysis and evaluate the financial condition and management of each company, its industry and the overall economy.

Portfolio Manager(s)

Name Start Date
Oscar Belaiche 10-28-2013
Damian Hoang 10-28-2013
John Harris 10-28-2013
Derek Bastien 09-13-2022

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 2.22%
Management Fee 1.85%
Load Choice of Front or Back
FE Max 5.00%
DSC Max 6.00%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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