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High Yield Fixed Income
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|
NAVPS (12-20-2024) |
$1.48 |
|---|---|
| Change |
$0.00
(0.14%)
|
As at November 30, 2024
As at September 30, 2024
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Inception Return (December 31, 1995): 2.54%
| 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% | 1.18% | 4.48% | 6.62% | 9.66% | 8.26% | 2.17% | 3.27% | 3.18% | 3.49% | 2.92% | 3.23% | 3.17% | 2.84% |
| Benchmark | 0.82% | 5.17% | 9.67% | 14.84% | 15.87% | 12.91% | 5.71% | 4.51% | 4.92% | 5.53% | 4.90% | 5.16% | 5.85% | 6.42% |
| Category Average | 1.12% | 2.01% | 5.52% | 7.49% | 10.61% | 7.81% | 1.98% | 2.44% | 2.94% | 3.57% | 2.87% | 3.33% | 3.63% | 3.03% |
| Category Rank | 143 / 304 | 280 / 304 | 266 / 302 | 236 / 302 | 247 / 302 | 172 / 296 | 180 / 287 | 137 / 278 | 156 / 272 | 176 / 260 | 144 / 237 | 149 / 225 | 170 / 199 | 145 / 183 |
| Quartile Ranking | 2 | 4 | 4 | 4 | 4 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 4 |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.85% | 0.34% | 0.23% | 1.14% | -0.65% | 0.99% | 0.80% | 1.48% | 0.94% | 0.61% | -0.53% | 1.10% |
| Benchmark | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% |
9.64% (November 2002)
-13.67% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.60% | -2.01% | 8.01% | 4.27% | -3.53% | 9.66% | 3.79% | 5.42% | -11.29% | 11.10% |
| Benchmark | 8.91% | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | 3 | 2 | 4 | 3 | 3 | 3 | 3 | 2 | 4 | 1 |
| Category Rank | 118/ 171 | 82/ 183 | 174/ 199 | 151/ 227 | 166/ 238 | 143/ 263 | 174/ 273 | 80/ 278 | 239/ 287 | 68/ 296 |
11.10% (2023)
-11.29% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 67.98 |
| Canadian Corporate Bonds | 21.18 |
| Cash and Equivalents | 9.72 |
| Canadian Government Bonds | 1.12 |
| Foreign Government Bonds | 0.01 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| Fixed Income | 90.31 |
| Cash and Cash Equivalent | 9.72 |
| Other | -0.03 |
| Name | Percent |
|---|---|
| North America | 95.11 |
| Other | 4.89 |
| Name | Percent |
|---|---|
| USD OVERNIGHT DEPOSIT 0.00% 01-Oct-2024 | 4.91 |
| Cash and Cash Equivalents | 3.54 |
| Northland Power Inc (Ontario) 9.25% 30-Jun-2083 | 3.06 |
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 2.67 |
| Precision Drilling Corp 6.88% 15-Jan-2029 | 2.66 |
| Parkland Corp 4.50% 01-Oct-2029 | 2.60 |
| Nationstar Mortgage Holdgs Inc 5.00% 01-Feb-2026 | 2.22 |
| PennyMac Financial Servics Inc 5.75% 15-Sep-2031 | 2.05 |
| Secure Energy Services Inc 6.75% 22-Mar-2029 | 1.92 |
| Wolf Midstream Canada LP 6.40% 18-Jul-2029 | 1.84 |
Dynamic High Yield Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 8.08% | 9.61% | 7.83% |
|---|---|---|---|
| Beta | 0.90% | 1.01% | 0.57% |
| Alpha | -0.03% | -0.02% | -0.01% |
| Rsquared | 0.55% | 0.58% | 0.26% |
| Sharpe | -0.13% | 0.14% | 0.19% |
| Sortino | -0.09% | 0.08% | 0.02% |
| Treynor | -0.01% | 0.01% | 0.03% |
| Tax Efficiency | - | 20.51% | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.19% | 8.08% | 9.61% | 7.83% |
| Beta | -0.11% | 0.90% | 1.01% | 0.57% |
| Alpha | 0.11% | -0.03% | -0.02% | -0.01% |
| Rsquared | 0.01% | 0.55% | 0.58% | 0.26% |
| Sharpe | 1.50% | -0.13% | 0.14% | 0.19% |
| Sortino | 5.31% | -0.09% | 0.08% | 0.02% |
| Treynor | -0.42% | -0.01% | 0.01% | 0.03% |
| Tax Efficiency | 71.85% | - | 20.51% | - |
| Start Date | December 31, 1995 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $643 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| DYN3105 | ||
| DYN3315 | ||
| DYN3415 | ||
| DYN3515 | ||
| DYN435 | ||
| DYN7028 | ||
| DYN9005 | ||
| DYN9105 | ||
| DYN9405 | ||
| DYN9605 | ||
| DYN9705 | ||
| DYN9805 |
Dynamic High Yield Bond Fund seeks to achieve above average interest income and the potential for some long-term capital growth by investing primarily in high yield corporate bonds or other income-producing securities. Before a fundamental change is made to the investment objective of the Fund, the prior approval of unitholders is required. This approval must be given by a resolution passed by a majority of the votes cast at a meeting of unitholders.
The portfolio advisor: will focus primarily on corporate bonds and debt obligations that, typically, are rated BB+ and below by a recognized North American bond-rating agency. The Fund also may invest in corporate bonds that may have gone into default. The Fund may also invest in other fixed income securities. Will primarily focus on North American companies of all capitalizations in all industry sectors.
| Name | Start Date |
|---|---|
| Marc-André Gaudreau | 03-26-2013 |
| Fund Manager | 1832 Asset Management L.P. |
|---|---|
| Advisor | 1832 Asset Management L.P. |
| Custodian | State Street Trust Company Canada |
| Registrar | 1832 Asset Management L.P. |
| Distributor | 1832 Asset Management L.P. |
| Auditor | KPMG LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 100 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
| MER | 2.24% |
|---|---|
| Management Fee | 1.50% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | 6.00% |
| Trailer Fee Max (FE) | 0.75% |
| Trailer Fee Max (DSC) | 0.30% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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