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Dynamic Active Ultra Short Term Bond ETF

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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
(11-22-2024) 		$19.61
Change
$0.01 (0.07%)

As at October 31, 2024

As at August 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): 2.96%

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 0.31% 1.22% 2.60% 4.83% 6.08% 6.27% 3.96% 3.20% 3.25% 3.13% - - - -
Benchmark -0.30% 1.59% 4.68% 4.73% 8.05% 5.17% 1.98% 1.23% 1.90% 2.33% 2.02% 1.77% 1.79% 1.87%
Category Average -0.28% 1.36% 4.16% 4.34% 7.89% 5.02% 1.58% 1.13% 1.59% 1.92% 1.61% 1.41% 1.41% 1.34%
Category Rank 58 / 327 284 / 321 293 / 312 133 / 280 248 / 278 58 / 261 5 / 248 17 / 234 17 / 229 15 / 215 - - - -
Quartile Ranking 1 4 4 2 4 1 1 1 1 1 - - - -

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 0.49% 0.70% 0.69% 0.55% 0.43% 0.48% 0.35% 0.38% 0.63% 0.19% 0.73% 0.31%
Benchmark 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86% 0.79% 1.36% 0.63% 1.26% -0.30%

Best Monthly Return Since Inception

1.91% (April 2020)

Worst Monthly Return Since Inception

-2.45% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 3.44% 3.48% 0.50% 0.87% 6.18%
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 - - - - - 2 4 1 1 1
Category Rank - - - - - 83/ 219 184/ 229 31/ 235 14/ 249 48/ 261

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 74.19
Cash and Equivalents 24.89
Canadian Government Bonds 3.38
Derivatives -2.46

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 77.57
Cash and Cash Equivalent 24.89
Other -2.46

Geographic Allocation

Geographic Allocation
Name Percent
North America 89.70
Other 10.30

Top Holdings

Top Holdings
Name Percent
Canadian Imperial Bank of Commerce Interest Rate Swap variable 4.53% 24-Jun-2028 11.70
SCOTIA CAD OVERNIGHTDEPOSIT 5.30% 31-Dec-2049 10.30
Toronto-Dominion Bank 5.49% 08-Sep-2028 9.62
Royal Bank of Canada 4.63% 01-May-2028 8.90
Toronto-Dominion Bank (The) Interest Rate Swap variable 4.53% 11-Mar-2028 8.84
Bank of Montreal 4.54% 18-Dec-2028 8.75
Toronto-Dominion Bank (The) Interest Rate Swap variable 4.53% 11-Mar-2027 7.38
Transcanada Pipelines Ltd 5.42% 29-Nov-2024 7.02
Toronto-Dominion Bank (The) Interest Rate Swap variable 4.53% 14-Mar-2029 6.13
Toronto-Dominion Bank (The) Interest Rate Swap variable 4.53% 17-Aug-2028 5.83

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 1.30% 1.86% -
Beta 0.20% 0.28% -
Alpha 0.03% 0.03% -
Rsquared 0.20% 0.13% -
Sharpe 0.34% 0.52% -
Sortino 1.09% 0.15% -
Treynor 0.02% 0.03% -
Tax Efficiency 49.54% 56.47% -
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 0.59% 1.30% 1.86% -
Beta 0.07% 0.20% 0.28% -
Alpha 0.05% 0.03% 0.03% -
Rsquared 0.07% 0.20% 0.13% -
Sharpe 2.16% 0.34% 0.52% -
Sortino - 1.09% 0.15% -
Treynor 0.20% 0.02% 0.03% -
Tax Efficiency 57.85% 49.54% 56.47% -

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 Manager(s)

Name Start Date
Marc-André Gaudreau 03-28-2018
Jeremy Lucas 07-13-2020
Roger Rouleau 07-13-2020

Management and Organization

Fund Manager 1832 Asset Management L.P.
Advisor 1832 Asset Management L.P.
Custodian State Street Trust Company Canada
Registrar State Street Trust Company Canada
Distributor -
Auditor PriceWaterhouseCoopers LLP

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 0.30%
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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