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Dynamic Short Term Credit PLUS Fund Series A

Alternative Credit Focus

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

NAVPS
(05-16-2024)
$10.08
Change
$0.00 (-0.02%)

As at April 30, 2024

As at February 29, 2024

Period
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Legend

Dynamic Short Term Credit PLUS Fund Series A

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Fund Returns

Inception Return (January 27, 2022): 5.11%

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 0.11% 2.00% 7.88% 2.75% 9.41% 7.30% - - - - - - - -
Benchmark -1.95% -1.87% 4.32% -3.20% -0.95% 0.45% -2.16% -2.21% -0.14% 0.85% 0.60% 0.90% 1.04% 1.75%
Category Average -0.24% 6.34% 6.34% 1.67% 5.87% 4.17% 1.75% 4.57% 3.39% - - - - -
Category Rank 59 / 118 37 / 118 30 / 117 51 / 118 20 / 114 17 / 99 - - - - - - - -
Quartile Ranking 2 2 2 2 1 1 - - - - - - - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.61% 0.71% 0.66% 0.38% -0.21% 0.47% 2.61% 2.33% 0.74% 0.95% 0.93% 0.11%
Benchmark -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95%

Best Monthly Return Since Inception

2.61% (November 2023)

Worst Monthly Return Since Inception

-1.17% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - - 10.23%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average - - - - - - 7.20% 3.25% -4.07% 7.22%
Quartile Ranking - - - - - - - - - 1
Category Rank - - - - - - - - - 12/ 113

Best Calendar Return (Last 10 years)

10.23% (2023)

Worst Calendar Return (Last 10 years)

10.23% (2023)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 173.55
Foreign Corporate Bonds 13.55
Canadian Bonds - Other 5.92
Cash and Equivalents 5.28
Mortgages 0.85
Other -99.15

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.72
Cash and Cash Equivalent 5.28

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.54
Latin America 2.45
Other 0.01

Top Holdings

Top Holdings
Name Percent
Rogers Communications Inc 5.65% 21-Sep-2026 7.23
Altagas Ltd 2.17% 16-Jan-2027 6.52
Royal Bank of Canada 2.14% 03-Nov-2026 6.34
Toronto-Dominion Bank 5.49% 08-Sep-2028 6.31
AT&T Inc 5.54% 24-Mar-2024 6.04
Mercedes-Benz Fin Canada Inc 5.14% 29-Jun-2026 5.11
Inter Pipeline Ltd 4.23% 01-Jun-2027 4.95
Amgen Inc 5.51% 24-Mar-2024 4.67
Bank of Montreal 4.54% 18-Dec-2028 4.42
Bank of Montreal 6.03% 07-Sep-2028 4.40

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date January 27, 2022
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $499

Fund Codes

FundServ Code Load Code Sales Status
DYN3127

Investment Objectives

The Fund seeks to provide income and to a lesser extent capital appreciation while preserving capital and maintaining liquidity by investing primarily in short-term investment grade fixed income securities issued in North America. The Fund will use alternative investment strategies including the use of leverage created through cash borrowing, short-selling, and derivative contracts.

Investment Strategy

To achieve the Fund’s investment objectives, the Fund will invest primarily in investment grade corporate bonds issued in North America and may invest in fixed income securities of any sector, credit quality or term, but will focus on investment grade corporate securities with a term to maturity of five years or less.

Portfolio Manager(s)

Name Start Date
Domenic Bellissimo 01-26-2022
William (Bill) Lytwynchuk 01-26-2022

Management and Organization

Fund Manager 1832 Asset Management L.P.
Advisor 1832 Asset Management L.P.
Custodian TD Securities Inc.
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 -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.32%
Management Fee 1.05%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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