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Alternative Credit Focus
|
NAVPS (04-02-2025) |
$10.38 |
|---|---|
| Change |
$0.01
(0.07%)
|
As at February 28, 2025
As at December 31, 2024
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Inception Return (September 25, 2023): 8.01%
| 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 | 0.88% | 2.67% | 2.50% | 1.93% | 6.73% | - | - | - | - | - | - | - | - | - |
| Benchmark | 1.14% | 1.75% | 4.04% | 2.28% | 8.37% | 5.98% | 1.44% | 0.48% | 0.36% | 1.85% | 2.11% | 1.97% | 1.94% | 1.72% |
| Category Average | 0.55% | 1.42% | 3.80% | 1.21% | 8.09% | 7.22% | 4.56% | 3.40% | 4.32% | - | - | - | - | - |
| Category Rank | 29 / 135 | 9 / 134 | 107 / 123 | 22 / 135 | 70 / 113 | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 4 | 1 | 3 | - | - | - | - | - | - | - | - | - |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.20% | 0.62% | 0.29% | 0.81% | 0.93% | 0.21% | -0.15% | 0.01% | -0.03% | 0.73% | 1.04% | 0.88% |
| Benchmark | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% | 1.51% | -0.52% | 1.13% | 1.14% |
1.48% (February 2024)
-0.15% (September 2024)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | 7.66% |
| Benchmark | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% |
| Category Average | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | 3 |
| Category Rank | - | - | - | - | - | - | - | - | - | 62/ 113 |
7.66% (2024)
7.66% (2024)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 60.11 |
| Canadian Corporate Bonds | 49.75 |
| Canadian Equity | 17.81 |
| Foreign Government Bonds | 3.45 |
| Canadian Government Bonds | 0.79 |
| Other | -31.91 |
| Name | Percent |
|---|---|
| Fixed Income | 114.10 |
| Energy | 6.30 |
| Financial Services | 6.29 |
| Utilities | 2.05 |
| Telecommunications | 0.72 |
| Other | -29.46 |
| Name | Percent |
|---|---|
| North America | 99.47 |
| Latin America | 0.50 |
| Other | 0.03 |
| Name | Percent |
|---|---|
| Markit CDX North American High Yield Index 43 Swap 1.00% 20-Dec-2029 | 24.39 |
| Nuvista Energy Ltd 7.88% 23-Jul-2026 | 18.93 |
| Frontier Comms Holdings LLC 6.00% 15-Jan-2030 | 9.59 |
| Dynamic Preferred Yield Class Series O | 8.86 |
| NewCo Holding USD 20 SARL 9.38% 07-Nov-2029 | 7.60 |
| Carnival Corp 4.00% 01-May-2028 | 6.45 |
| Wolf Midstream Canada LP 6.40% 18-Jul-2029 | 5.07 |
| First Quantum Minerals Ltd 6.88% 15-Oct-2027 | 5.04 |
| Athabasca Oil Corp 6.75% 09-Aug-2029 | 4.78 |
| Transocean Poseidon Ltd 6.88% 01-Feb-2027 | 4.33 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.59% | - | - | - |
| Beta | 0.04% | - | - | - |
| Alpha | 0.06% | - | - | - |
| Rsquared | 0.02% | - | - | - |
| Sharpe | 1.55% | - | - | - |
| Sortino | 6.51% | - | - | - |
| Treynor | 0.61% | - | - | - |
| Tax Efficiency | - | - | - | - |
| 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) | $47 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| DYN3136 |
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.
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 |
1832 Asset Management L.P.
|
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
1832 Asset Management L.P. |
|---|---|
| Custodian |
- |
| Registrar |
1832 Asset Management L.P. |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.75% |
|---|---|
| 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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