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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (12-20-2024) |
$10.43 |
|---|---|
| Change |
$0.01
(0.08%)
|
As at November 30, 2024
As at September 30, 2024
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Inception Return (January 27, 2022): 6.87%
| 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 | 1.32% | 3.85% | 6.76% | 10.92% | 13.50% | 10.71% | - | - | - | - | - | - | - | - |
| Benchmark | 1.51% | 2.25% | 8.10% | 4.64% | 8.22% | 4.86% | 0.01% | -0.96% | 0.66% | 2.03% | 1.69% | 1.78% | 1.96% | 2.06% |
| Category Average | 0.99% | 2.34% | 4.98% | 7.73% | 9.92% | 7.52% | 3.72% | 3.70% | 4.24% | - | - | - | - | - |
| Category Rank | 34 / 131 | 25 / 125 | 26 / 122 | 22 / 113 | 25 / 113 | 4 / 103 | - | - | - | - | - | - | - | - |
| Quartile Ranking | 2 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | - | - | - | - |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.33% | 0.74% | 0.95% | 0.93% | 0.11% | 1.11% | 0.58% | 1.73% | 0.47% | 1.91% | 0.58% | 1.32% |
| Benchmark | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% | 1.51% |
2.61% (November 2023)
-1.17% (April 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | 10.23% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | 1 |
| Category Rank | - | - | - | - | - | - | - | - | - | 12/ 108 |
10.23% (2023)
10.23% (2023)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 192.29 |
| Foreign Corporate Bonds | 25.96 |
| Cash and Equivalents | 9.31 |
| Canadian Bonds - Other | 7.17 |
| Canadian Equity | 2.40 |
| Other | -137.13 |
| Name | Percent |
|---|---|
| Fixed Income | 88.29 |
| Cash and Cash Equivalent | 9.31 |
| Financial Services | 2.40 |
| Name | Percent |
|---|---|
| North America | 100.00 |
| Name | Percent |
|---|---|
| B74408940 Cds Usd R V 03Me 3374408940_Pro Ccpcdx 1.00% 20-Dec-2029 | 19.48 |
| Rogers Communications Inc 5.65% 21-Sep-2026 | 6.52 |
| Toronto-Dominion Bank 5.49% 08-Sep-2028 | 6.09 |
| Altagas Ltd 2.17% 16-Jan-2027 | 6.03 |
| Inter Pipeline Ltd 4.23% 01-Apr-2027 | 5.06 |
| Prologis LP 4.70% 01-Feb-2029 | 4.98 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 4.97 |
| BlackRock TCP Capital Corp 6.95% 30-Apr-2029 | 4.78 |
| H&R REIT 2.63% 19-Feb-2027 | 4.31 |
| Ventas Canada Finance Ltd 5.10% 05-Mar-2029 | 4.10 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.27% | - | - | - |
| Beta | 0.27% | - | - | - |
| Alpha | 0.11% | - | - | - |
| Rsquared | 0.50% | - | - | - |
| Sharpe | 3.64% | - | - | - |
| Sortino | - | - | - | - |
| Treynor | 0.31% | - | - | - |
| Tax Efficiency | 77.29% | - | - | - |
| Start Date | January 27, 2022 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $551 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| DYN3127 |
The Fund seeks to provide income and to a lesser extent capital appreciation while preserving capital and maintaining liquidity by investing primarily in short-term investment grade fixed income securities issued in North America. The Fund will use alternative investment strategies including the use of leverage created through cash borrowing, short-selling, and derivative contracts.
To achieve the Fund’s investment objectives, the Fund will invest primarily in investment grade corporate bonds issued in North America and may invest in fixed income securities of any sector, credit quality or term, but will focus on investment grade corporate securities with a term to maturity of five years or less.
| Name | Start Date |
|---|---|
| Domenic Bellissimo | 01-26-2022 |
| William (Bill) Lytwynchuk | 01-26-2022 |
| Fund Manager | 1832 Asset Management L.P. |
|---|---|
| Advisor | 1832 Asset Management L.P. |
| Custodian | TD Securities Inc. |
| Registrar | 1832 Asset Management L.P. |
| Distributor | 1832 Asset Management L.P. |
| Auditor | KPMG LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 1.32% |
|---|---|
| Management Fee | 1.05% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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