Dynamic Active Investment Grade Floating Rate ETF
NAVPS
NAVPS:$19.70
Change
-$0.01 (-0.05%)
Dynamic Active Investment Grade Floating Rate ETF
Compare to:
Inception Return
(03-23-2018)
2.35%
YTD Return
4.17%
NAVPS
(10-03-2023)
$19.70
-$0.01
(-0.05%)
MER
0.33%
Assets ($mil)
-
1 Yr Return
5.84%
Registered Plan Eligible
Yes
Load
No Load
CIFSC Category
Cdn Short Term Fixed Inc
Share Class
Do-It-Yourself
Fund Codes
FUNDGRADE
Classification
Exchange Traded Fund
Legal Status
Trust
Sales Status
Open
Currency
CAD
Start Date
March 23, 2018
Distribution Frequency
Monthly
DXV seeks to provide a floating rate of interest income while preserving capital by investing primarily in Canadian investment grade corporate bonds and through using interest rate derivatives that seek to mitigate the effects of interest rate fluctuations. Exposure to these types of fixed income securities and derivatives will be obtained by investing directly in them, in securities of one or more Other Funds, and/or through the use of derivatives.
To achieve its objective, DXV will invest primarily in Canadian investment grade corporate bonds while using interest rate derivatives to minimize interest rate risk and deliver a floating rate of income. DXV may also invest in high yield securities as long as the weighted average credit rating of DXV remains BBB- or above.
Inception Return
(03-23-2018)
2.35%
YTD Return
4.17%
FundGrade
NAVPS (10-03-2023)
$19.70
$0.01
/
-0.05%
Best Month
1.91%
Worst Month
-2.45%
