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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
(08-12-2025)
$19.71
Change
$0.00 (0.00%)

As at July 31, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Jul 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025May 2018May 2019May 2020May 2021May 2022May 2023May 2024May 2025May …$10,000$11,000$12,000$13,000$9,500$10,500$11,500Period

Legend

Dynamic Active Ultra Short Term Bond ETF

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Fund Returns

Inception Return (March 23, 2018): 3.12%

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 0.46% 1.44% 2.06% 2.65% 4.67% 5.30% 5.49% 3.84% 3.41% 3.33% 3.22% - - -
Benchmark -0.08% 0.36% 1.21% 2.05% 4.65% 5.95% 3.91% 1.91% 1.64% 2.17% 2.44% 2.22% 1.94% 1.87%
Category Average -0.03% 0.42% 1.12% 1.84% 4.04% 5.33% 3.63% 1.61% 1.49% 1.83% 2.01% 1.78% 1.57% 1.47%
Category Rank 5 / 291 7 / 287 8 / 278 13 / 277 106 / 265 157 / 223 8 / 207 6 / 196 6 / 187 9 / 179 13 / 171 - - -
Quartile Ranking 1 1 1 1 2 3 1 1 1 1 1 - - -

Monthly Return

Created with Highcharts 10.3.3-1%0%1%1%2%
Monthly Return
Return % Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Fund 0.19% 0.73% 0.31% 0.46% 0.28% 0.57% 0.27% 0.24% 0.10% 0.61% 0.36% 0.46%
Benchmark 0.63% 1.26% -0.30% 0.48% 0.46% 0.83% 0.52% 0.31% 0.02% 0.16% 0.27% -0.08%

Best Monthly Return Since Inception

1.91% (April 2020)

Worst Monthly Return Since Inception

-2.45% (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 - - - - 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 - - - - 52/ 173 154/ 183 9/ 189 14/ 198 28/ 210 117/ 229

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 77.78
Cash and Equivalents 14.77
Canadian Government Bonds 6.28
Mortgages 1.90
Derivatives -0.73

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 85.96
Cash and Cash Equivalent 14.77

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 2.75% 24-Jun-2028 7.58
Royal Bank of Canada 3.63% 10-Dec-2027 6.85
Bank of Nova Scotia 3.81% 15-Nov-2027 6.79
Enbridge Inc 03-Jul-2025 6.30
Cash and Cash Equivalents 6.09
Merrill Lynch International Interest Rate Swap variable 2.75% 11-Mar-2030 5.89
Toronto-Dominion Bank (The) Interest Rate Swap variable 2.75% 11-Mar-2028 5.73
Canadian Imperial Bank Commrce 3.65% 10-Dec-2028 5.58
Wells Fargo & Co 5.08% 26-Apr-2027 5.24
Toronto-Dominion Bank 5.49% 08-Sep-2028 5.00

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 Active Ultra Short Term Bond ETF

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 0.89% 1.11% -
Beta 0.07% 0.22% -
Alpha 0.05% 0.03% -
Rsquared 0.03% 0.22% -
Sharpe 1.52% 0.75% -
Sortino 7.27% 0.51% -
Treynor 0.20% 0.04% -
Tax Efficiency 59.17% 55.35% -
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 0.65% 0.89% 1.11% -
Beta 0.21% 0.07% 0.22% -
Alpha 0.04% 0.05% 0.03% -
Rsquared 0.22% 0.03% 0.22% -
Sharpe 2.12% 1.52% 0.75% -
Sortino 9.68% 7.27% 0.51% -
Treynor 0.07% 0.20% 0.04% -
Tax Efficiency 64.83% 59.17% 55.35% -

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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