Fund Detail - Fund Library

NAVPS (01-27-2026)	$10.44
Change	$0.00 (-0.03%)

Growth of $10,000 (As at 12-31-2025)
NAVPS

Period

Legend

Dynamic Credit Opportunities Fund Series A

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Fund Returns

Inception Return (September 25, 2023): 6.91%

Fund Returns
Row Heading	Return				Annualized Return
Row Heading	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	0.26%	0.93%	2.80%	6.22%	6.22%	6.94%	-	-	-	-	-	-	-	-
Benchmark	-1.36%	-0.35%	1.06%	2.40%	2.40%	3.25%	4.28%	0.10%	-0.47%	0.99%	1.82%	1.76%	1.86%	1.83%
Category Average	0.11%	0.72%	2.94%	5.39%	5.39%	6.67%	6.85%	4.01%	3.86%	4.41%	-	-	-	-
Category Rank	54 / 145	38 / 144	53 / 138	44 / 130	44 / 130	37 / 109	-	-	-	-	-	-	-	-
Quartile Ranking	2	2	2	2	2	2	-	-	-	-	-	-	-	-

Monthly Return

Monthly Return
Return %	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Fund	1.04%	0.88%	-0.40%	-0.96%	1.46%	1.29%	0.84%	0.66%	0.34%	0.32%	0.34%	0.26%
Benchmark	1.13%	1.14%	-0.29%	-0.77%	0.08%	0.04%	-0.74%	0.37%	1.80%	0.76%	0.26%	-1.36%

Best Monthly Return Since Inception

1.48% (February 2024)

Worst Monthly Return Since Inception

-0.96% (April 2025)

Calendar Return (%)

Calendar Return
Return %	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Fund	-	-	-	-	-	-	-	-	7.66%	6.22%
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	-	-	-	-	-	-	-	-	3	2
Category Rank	-	-	-	-	-	-	-	-	62/ 109	44/ 130

Best Calendar Return (Last 10 years)

7.66% (2024)

Worst Calendar Return (Last 10 years)

6.22% (2025)

Asset Allocation

Asset Allocation
Name	Percent
Foreign Corporate Bonds	72.02
Canadian Corporate Bonds	39.20
Foreign Bonds - Other	1.88
Foreign Government Bonds	0.57
Cash and Equivalents	-13.68
Other	0.01

Sector Allocation

Sector Allocation
Name	Percent
Fixed Income	113.68
Cash and Cash Equivalent	-13.68

Geographic Allocation

Geographic Allocation
Name	Percent
North America	100.00

Top Holdings

Top Holdings
Name	Percent
B51141390 Cds Usd R V 03Me 3551141390_Pro Ccpcdx 1.00% 20-Dec-2030	19.48
Strathcona Resources Ltd 6.88% 01-Aug-2026	12.77
Nuvista Energy Ltd 7.88% 23-Jul-2026	7.23
Greenfire Resources Ltd 12.00% 01-Oct-2028	6.98
Frontier Comms Holdings LLC 6.00% 15-Jan-2030	6.46
Bonterra Energy Corp 10.50% 28-Jan-2030	5.89
Bausch + Lomb Corp 8.38% 01-Oct-2028	5.28
Enerflex Ltd 9.00% 15-Oct-2027	5.08
North American Construction Group Ltd 7.75% 01-May-2030	5.05
EchoStar Corp 10.75% 30-Nov-2029	4.77

Equity Style

Fixed Income Style

Average Duration: S. Average Credit Quality: L.

Risk vs Return (3 Yr)

No data available

3 Yr Annualized

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

Risk Rating

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio	1 Yr	3 Yr	5 Yr	10 Yr
Standard Deviation	2.38%	-	-	-
Beta	0.24%	-	-	-
Alpha	0.06%	-	-	-
Rsquared	0.10%	-	-	-
Sharpe	1.46%	-	-	-
Sortino	2.24%	-	-	-
Treynor	0.15%	-	-	-
Tax Efficiency	61.65%	-	-	-

No data available

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)	$71

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 Management

Portfolio Manager	1832 Asset Management L.P. Marc-André Gaudreau Jeremy Lucas Roger Rouleau Olivier Marquis
Sub-Advisor	-

Management and Organization

Fund Manager	1832 Asset Management L.P.
Custodian	-
Registrar	1832 Asset Management L.P.
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	2.54%
Management Fee	1.80%
Load	Back Fee Only
FE Max	5.00%
DSC Max	-
Trailer Fee Max (FE)	1.00%
Trailer Fee Max (DSC)	-
Trailer Fee Max (NL)	-
Trailer Fee Max (LL)	-

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