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Dynamic Active Ultra Short Term Bond ETF

Cdn Short Term Fixed Inc

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

Click for more information on Fundata’s FundGrade

NAVPS
(04-04-2025)
$19.55
Change
-$0.03 (-0.13%)

As at February 28, 2025

As at December 31, 2024

Period
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Legend

Dynamic Active Ultra Short Term Bond ETF

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Fund Returns

Inception Return (March 23, 2018): 3.05%

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 0.27% 1.13% 2.64% 0.85% 5.19% 5.43% 4.65% 3.44% 3.44% 3.27% - - - -
Benchmark 0.52% 1.82% 3.29% 1.36% 7.24% 5.75% 2.92% 1.88% 2.03% 2.34% 2.39% 2.05% 1.98% 1.86%
Category Average 0.42% 1.36% 2.81% 1.14% 6.28% 5.22% 2.56% 1.53% 1.74% 1.96% 1.92% 1.65% 1.64% 1.39%
Category Rank 232 / 331 256 / 330 251 / 318 234 / 330 271 / 305 157 / 263 9 / 251 16 / 237 17 / 228 20 / 218 - - - -
Quartile Ranking 3 4 4 3 4 3 1 1 1 1 - - - -

Monthly Return

Monthly Return
Return % Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Fund 0.43% 0.48% 0.35% 0.38% 0.63% 0.19% 0.73% 0.31% 0.46% 0.28% 0.57% 0.27%
Benchmark 0.53% -0.40% 0.86% 0.79% 1.36% 0.63% 1.26% -0.30% 0.48% 0.46% 0.83% 0.52%

Best Monthly Return Since Inception

1.91% (April 2020)

Worst Monthly Return Since Inception

-2.45% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - 3.44% 3.48% 0.50% 0.87% 6.18% 5.61%
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 - - - - 2 4 1 1 1 3
Category Rank - - - - 82/ 217 183/ 227 31/ 233 14/ 247 47/ 260 156/ 280

Best Calendar Return (Last 10 years)

6.18% (2023)

Worst Calendar Return (Last 10 years)

0.50% (2021)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 96.29
Cash and Equivalents 5.57
Derivatives -1.86

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.29
Cash and Cash Equivalent 5.56
Other -1.85

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canadian Imperial Bank of Commerce Interest Rate Swap variable 3.31% 24-Jun-2028 10.50
Bank of Montreal 4.31% 01-May-2027 8.87
Bank of Nova Scotia 3.81% 15-Nov-2027 8.77
Toronto-Dominion Bank (The) Interest Rate Swap variable 3.31% 11-Mar-2028 7.93
Toronto-Dominion Bank (The) Interest Rate Swap variable 3.31% 11-Mar-2027 6.64
Federation Csses Desjardins Qc 5.47% 17-Oct-2028 5.54
Toronto-Dominion Bank (The) Interest Rate Swap variable 3.31% 14-Mar-2029 5.51
Wells Fargo & Co 5.08% 26-Apr-2027 5.26
Toronto-Dominion Bank (The) Interest Rate Swap variable 3.31% 16-Aug-2028 5.24
Bank of America Corp 3.62% 16-Mar-2027 5.17

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Dynamic Active Ultra Short Term Bond ETF

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 1.18% 1.86% -
Beta 0.18% 0.30% -
Alpha 0.04% 0.03% -
Rsquared 0.18% 0.15% -
Sharpe 0.65% 0.56% -
Sortino 2.24% 0.29% -
Treynor 0.04% 0.03% -
Tax Efficiency 53.59% 57.03% -
Volatility 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 0.55% 1.18% 1.86% -
Beta 0.14% 0.18% 0.30% -
Alpha 0.04% 0.04% 0.03% -
Rsquared 0.22% 0.18% 0.15% -
Sharpe 1.80% 0.65% 0.56% -
Sortino - 2.24% 0.29% -
Treynor 0.07% 0.04% 0.03% -
Tax Efficiency 61.07% 53.59% 57.03% -

Fund Details

Start Date March 23, 2018
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
N/A

Investment Objectives

DXV seeks to provide a floating rate of interest income while preserving capital by investing primarily in Canadian investment grade corporate bonds and through using interest rate derivatives that seek to mitigate the effects of interest rate fluctuations. Exposure to these types of fixed income securities and derivatives will be obtained by investing directly in them, in securities of one or more Other Funds, and/or through the use of derivatives.

Investment Strategy

To achieve its objective, DXV will invest primarily in Canadian investment grade corporate bonds while using interest rate derivatives to minimize interest rate risk and deliver a floating rate of income. DXV may also invest in high yield securities as long as the weighted average credit rating of DXV remains BBB- or above.

Portfolio Management

Portfolio Manager

1832 Asset Management L.P.

  • Marc-André Gaudreau
  • Roger Rouleau
  • Jeremy Lucas
Sub-Advisor

-

Management and Organization

Fund Manager

1832 Asset Management L.P.

Custodian

State Street Trust Company Canada

Registrar

State Street Trust Company Canada

Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 0.33%
Management Fee 0.25%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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