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Dynamic Short Term Credit PLUS Fund Series A
Alternative Credit Focus
Click for more information on Fundata’s FundGrade
FundGrade A
Click for more information on Fundata’s FundGrade.
FundGrade A+® Rating Recipient
2025, 2024
Click for more information on Fundata’s FundGrade
|
NAVPS (06-17-2026) |
$10.48 |
|---|---|
| Change |
-$0.02
(-0.18%)
|
As at May 31, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (January 26, 2022): 6.49%
| 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 | 1.10% | 0.68% | 1.59% | 1.39% | 5.69% | 7.47% | 8.73% | 7.62% | - | - | - | - | - | - |
| Benchmark | 1.41% | -0.55% | 0.39% | 1.78% | 2.90% | 5.87% | 4.11% | 3.23% | 0.83% | 0.37% | 1.26% | 1.96% | 1.65% | 1.78% |
| Category Average | 0.77% | 0.87% | 2.20% | 2.09% | 6.05% | 6.39% | 6.71% | 5.55% | 3.70% | 5.05% | 4.34% | - | - | - |
| Category Rank | 25 / 150 | 64 / 150 | 80 / 146 | 91 / 146 | 59 / 134 | 31 / 119 | 21 / 106 | 8 / 91 | - | - | - | - | - | - |
| Quartile Ranking | 1 | 2 | 3 | 3 | 2 | 2 | 1 | 1 | - | - | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.75% | 0.95% | 0.51% | 1.00% | 0.46% | 0.30% | 0.20% | 0.80% | -0.09% | -1.19% | 0.79% | 1.10% |
| Benchmark | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% |
Best Monthly Return Since Inception
2.61% (November 2023)
Worst Monthly Return Since Inception
-1.19% (March 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 10.23% | 11.65% | 5.99% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | - | - | - | - | 1 | 1 | 2 |
| Category Rank | - | - | - | - | - | - | - | 14/ 105 | 21/ 110 | 49/ 132 |
Best Calendar Return (Last 10 years)
11.65% (2024)
Worst Calendar Return (Last 10 years)
5.99% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 140.96 |
| Foreign Corporate Bonds | 48.93 |
| Mortgages | 3.87 |
| Canadian Bonds - Other | 2.06 |
| Derivatives | -0.09 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 111.80 |
| Cash and Cash Equivalent | -11.71 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 95.20 |
| Europe | 1.75 |
| Asia | 0.54 |
| Other | 2.51 |
Top Holdings
| Name | Percent |
|---|---|
| Air Lease Corp 5.40% 29-Jun-2025 | 7.31 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 5.44 |
| Canadian Imperial Bank of Commerce 1.00% 02-Apr-2030 | 4.69 |
| Emera Inc 6.75% 15-Jun-2076 | 4.40 |
| Ford Credit Canada Co 4.61% 13-Sep-2027 | 4.25 |
| Inter Pipeline Ltd 4.23% 01-Apr-2027 | 4.22 |
| SmartCentres REIT 5.35% 29-May-2028 | 4.09 |
| Blackstone Private Credit Fund 5.35% 12-Mar-2031 | 3.61 |
| Atlas Warehouse Lending Company 4.62% 15-Nov-2028 | 3.56 |
| Ares Strategic Income Fund 5.55% 15-Apr-2031 | 3.43 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Dynamic Short Term Credit PLUS Fund Series A
Median
Other - Alternative Credit Focus
3 Yr Annualized
| Standard Deviation | 2.51% | - | - |
|---|---|---|---|
| Beta | 0.34 | - | - |
| Alpha | 0.07 | - | - |
| Rsquared | 0.49% | - | - |
| Sharpe | 1.93 | - | - |
| Sortino | 5.37 | - | - |
| Treynor | 0.14 | - | - |
| Tax Efficiency | 67.51% | - | - |
| Volatility |
|
- | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.19% | 2.51% | - | - |
| Beta | 0.30 | 0.34 | - | - |
| Alpha | 0.05 | 0.07 | - | - |
| Rsquared | 0.30% | 0.49% | - | - |
| Sharpe | 1.47 | 1.93 | - | - |
| Sortino | 1.73 | 5.37 | - | - |
| Treynor | 0.11 | 0.14 | - | - |
| Tax Efficiency | 55.75% | 67.51% | - | - |
Fund Details
| Start Date | January 26, 2022 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,728 |
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 Management
| Portfolio Manager |
1832 Asset Management L.P.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
1832 Asset Management L.P. |
|---|---|
| Custodian |
TD Securities Inc. |
| Registrar |
1832 Asset Management L.P. |
| Distributor |
1832 Asset Management L.P. |
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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