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Dynamic Credit Opportunities Fund Series A

Alternative Credit Focus

NAVPS
(07-19-2024)
$10.37
Change
$0.00 (0.05%)

As at June 30, 2024

As at April 30, 2024

Period
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Legend

Dynamic Credit Opportunities Fund Series A

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Fund Returns

Inception Return (September 25, 2023): 7.69%

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 0.81% 1.73% 5.85% 5.85% - - - - - - - - - -
Benchmark 2.98% 0.97% -0.32% -0.32% 3.73% 3.25% -1.77% -1.98% -0.10% 1.11% 1.07% 0.93% 1.40% 1.89%
Category Average 0.65% 3.28% 3.28% 3.28% 7.68% 6.09% 1.96% 3.95% 3.59% - - - - -
Category Rank 38 / 127 36 / 118 9 / 118 9 / 118 - - - - - - - - - -
Quartile Ranking 2 2 1 1 - - - - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund - - - 0.03% 0.80% 0.90% 1.32% 1.48% 1.20% 0.62% 0.29% 0.81%
Benchmark -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98%

Best Monthly Return Since Inception

1.48% (February 2024)

Worst Monthly Return Since Inception

0.00% (September 2023)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - - -
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 - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

-

Worst Calendar Return (Last 10 years)

-

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 48.55
Canadian Corporate Bonds 35.43
Canadian Equity 8.60
Foreign Government Bonds 5.09
Canadian Government Bonds 2.18
Other 0.15

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 91.25
Cash and Cash Equivalent 1.24
Technology 0.13
Consumer Services 0.04
Healthcare 0.04
Other 7.30

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.01
Europe 0.01
Other -0.02

Top Holdings

Top Holdings
Name Percent
Markit CDX North American High Yield Index 42 Swap 1.00% 20-Jun-2029 24.32
Greenfire Resources Ltd 12.00% 01-Oct-2028 19.10
NuVista Energy Ltd 7.87% 23-Jul-2026 18.76
Pembina Pipeline Corporation 4.821% Redeemable Class A Series 17 5.11
Royal Caribbean Cruises Ltd 9.25% 15-Jan-2029 4.64
Carnival Corp 4.00% 01-Aug-2028 4.58
Cineplex Inc 7.63% 31-Mar-2029 3.46
United States Treasury 4.00% 31-Jan-2029 3.32
Ferrellgas LP 5.88% 01-Apr-2029 2.83
Secure Energy Services Inc 6.75% 22-Mar-2029 2.47

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 September 25, 2023
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1

Fund Codes

FundServ Code Load Code Sales Status
DYN3136

Investment Objectives

The Fund seeks to generate absolute returns over a complete market cycle through long and short positions in primarily corporate debt securities. The Fund will use alternative investment strategies including the use of leverage.

Investment Strategy

To achieve the Fund’s investment objectives, the Fund will follow a comprehensive top-down and bottom-up investment process focused on the risk-reward relationship of individual credit investments inside a diversified portfolio

Portfolio Manager(s)

Name Start Date
Roger Rouleau 10-13-2023
Marc-André Gaudreau 10-13-2023
Jeremy Lucas 10-13-2023

Management and Organization

Fund Manager 1832 Asset Management L.P.
Advisor 1832 Asset Management L.P.
Custodian -
Registrar 1832 Asset Management L.P.
Distributor -
Auditor KPMG 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 -
Management Fee 1.80%
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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