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Dynamic Alternative Yield Class Series A

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Misc - Inc&Real Property

NAVPS
(12-27-2024) 		$16.69
Change
-$0.01 (-0.05%)

As at November 30, 2024

As at September 30, 2024

Period
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Legend

Dynamic Alternative Yield Class Series A

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Fund Returns

Inception Return (September 18, 2012): 6.65%

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 3.10% 6.30% 8.46% 16.47% 17.28% 8.38% 3.44% 9.97% 5.35% 7.22% 6.19% 6.65% 5.69% 5.69%
Benchmark 6.37% 10.66% 16.91% 25.77% 30.69% 15.61% 10.90% 13.91% 11.92% 12.54% 10.25% 10.17% 10.75% 8.96%
Category Average 0.91% 2.04% 3.02% 4.84% 5.09% 3.11% 2.85% 4.38% 3.68% 4.06% 3.77% 3.86% 3.57% 3.43%
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 0.70% 2.12% 2.54% 1.69% -1.08% 1.94% -0.41% 3.39% -0.90% 1.34% 1.73% 3.10%
Benchmark 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42% 5.87% 1.22% 3.15% 0.85% 6.37%

Best Monthly Return Since Inception

10.61% (November 2020)

Worst Monthly Return Since Inception

-16.35% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 13.44% 5.24% -0.21% 7.96% -4.52% 23.69% -8.99% 31.74% -12.29% 5.61%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 5.16% 2.24% 1.46% 4.39% 0.91% 7.57% 1.50% 10.36% -0.98% 2.53%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

31.74% (2021)

Worst Calendar Return (Last 10 years)

-12.29% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 32.85
Foreign Corporate Bonds 31.38
Canadian Equity 13.00
Cash and Equivalents 10.87
Income Trust Units 2.85
Other 9.05

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 36.14
Real Estate 15.95
Financial Services 12.87
Cash and Cash Equivalent 10.87
Energy 4.73
Other 19.44

Geographic Allocation

Geographic Allocation
Name Percent
North America 91.31
Multi-National 3.10
Europe 1.62
Latin America 1.33
Asia 0.00
Other 2.64

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 7.84
Ares Strategic Income Fund 6.35% 15-Jul-2029 4.44
Ares Management Corp Cl A 4.07
KKR & Co Inc 3.15
Mid-America Apartment Communities Inc 3.00
Targa Resources Corp 2.86
Apollo Debt Solutions Bdc 6.90% 13-Mar-2029 2.81
USD OVERNIGHT DEPOSIT 0.00% 01-Oct-2024 2.64
Blue Owl Credit Income Corp 7.95% 13-May-2028 2.58
BCE Inc 2.43

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Dynamic Alternative Yield Class Series A

Median

Other - Misc - Inc&Real Property

3 Yr Annualized

Standard Deviation 10.37% 13.30% 10.61%
Beta 0.64% 0.73% 0.67%
Alpha -0.03% -0.03% 0.00%
Rsquared 0.73% 0.76% 0.66%
Sharpe 0.04% 0.29% 0.43%
Sortino 0.12% 0.31% 0.40%
Treynor 0.01% 0.05% 0.07%
Tax Efficiency 76.98% 90.19% 88.01%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.15% 10.37% 13.30% 10.61%
Beta 0.42% 0.64% 0.73% 0.67%
Alpha 0.05% -0.03% -0.03% 0.00%
Rsquared 0.53% 0.73% 0.76% 0.66%
Sharpe 2.27% 0.04% 0.29% 0.43%
Sortino 7.02% 0.12% 0.31% 0.40%
Treynor 0.28% 0.01% 0.05% 0.07%
Tax Efficiency 98.98% 76.98% 90.19% 88.01%

Fund Details

Start Date September 18, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $210

Fund Codes

FundServ Code Load Code Sales Status
DYN2720
DYN2721
DYN2722
DYN7105

Investment Objectives

Dynamic Alternative Yield Class seeks to achieve high income and long-term capital growth by investing primarily in a diversified portfolio of income-oriented securities. The Fund may obtain such exposure using forward contracts or other derivatives in order to gain exposure to the return of other funds managed by the Manager or an affiliate thereof.

Investment Strategy

Generally, the Fund will invest substantially all of its assets in securities of the Specified Fund. To the extent that the Fund invests in other mutual funds or directly in securities and other asset categories, it will employ the same investment strategies employed by the Specified Fund.

Portfolio Manager(s)

Name Start Date
Oscar Belaiche 09-30-2011
Nick Stogdill 05-26-2022
Richard Lee 08-11-2022

Management and Organization

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

Investment Minimums

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

Fees

MER 2.28%
Management Fee 1.85%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 6.00%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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