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Dynamic Preferred Yield Class Series A

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Preferred Sh Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2021, 2018, 2017

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NAVPS
(04-30-2024) 		$8.46
Change
$0.04 (0.44%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Dynamic Preferred Yield Class Series A

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Fund Returns

Inception Return (April 10, 2013): 3.38%

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 3.42% 10.35% 18.14% 10.35% 14.54% 0.58% 3.38% 14.39% 6.01% 3.27% 3.59% 5.89% 3.93% 3.62%
Benchmark 3.47% 9.62% 17.59% 9.62% 13.52% -1.22% 1.41% 11.77% 4.28% 2.35% 2.80% 5.01% 2.49% 2.13%
Category Average 3.15% 15.84% 15.84% 8.36% 13.77% -0.57% 1.63% 11.73% 4.43% 2.49% 2.74% 4.97% 2.86% 2.71%
Category Rank 37 / 71 30 / 71 31 / 71 30 / 71 35 / 70 21 / 69 13 / 69 17 / 64 18 / 61 21 / 55 20 / 52 9 / 34 5 / 24 6 / 22
Quartile Ranking 3 2 2 2 2 2 1 2 2 2 2 2 1 2

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.07% -3.74% 1.66% 1.41% -3.72% 1.40% -2.51% 8.97% 0.78% 6.44% 0.24% 3.42%
Benchmark 0.27% -3.57% 1.28% 1.45% -4.21% 1.44% -2.80% 9.47% 0.82% 5.81% 0.13% 3.47%

Best Monthly Return Since Inception

10.39% (April 2020)

Worst Monthly Return Since Inception

-19.66% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.53% -7.45% 7.29% 14.24% -10.08% 3.34% 4.86% 26.46% -16.02% 6.42%
Benchmark 6.82% -14.95% 6.98% 13.62% -7.93% 3.48% 6.16% 19.35% -18.08% 5.90%
Category Average 7.19% -11.52% 8.78% 12.66% -8.25% 4.17% 5.25% 19.63% -16.73% 6.27%
Quartile Ranking 1 1 3 2 3 2 4 1 2 2
Category Rank 5/ 22 6/ 24 23/ 34 14/ 41 41/ 55 29/ 59 51/ 64 14/ 69 29/ 69 32/ 70

Best Calendar Return (Last 10 years)

26.46% (2021)

Worst Calendar Return (Last 10 years)

-16.02% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 81.03
Canadian Corporate Bonds 10.87
Cash and Equivalents 4.64
International Equity 2.84
Income Trust Units 0.41
Other 0.21

Sector Allocation

Sector Allocation
Name Percent
Financial Services 38.93
Energy 21.92
Utilities 13.01
Fixed Income 10.87
Cash and Cash Equivalent 4.64
Other 10.63

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.73
Latin America 3.25
Other 0.02

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 4.55
Toronto-Dominion Bank 5.75% PERP 2.17
Fortis Inc 3.913% Redeemable Series M 1.74
Northland Power Inc 9.25% 30-Jun-2083 1.68
TC Energy Corporation 3.903% First Preferred Series 7 1.68
Toronto-Dominion Bank - Pfd Cl A Sr 5 1.67
Manulife Financial Corporation 3.80% Non-Cumulative Class 1 Series 17 1.67
Enbridge Inc 3.737% Series 3 1.65
Fairfax Financial Holdings Limited 3.708% Series I 1.56
Great-West Lifeco Inc - Pfd Sr G 1.52

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Dynamic Preferred Yield Class Series A

Median

Other - Preferred Sh Fixed Income

3 Yr Annualized

Standard Deviation 11.75% 15.49% 12.90%
Beta 0.96% 0.99% 0.98%
Alpha 0.02% 0.02% 0.02%
Rsquared 0.98% 0.97% 0.97%
Sharpe 0.12% 0.33% 0.24%
Sortino 0.13% 0.36% 0.15%
Treynor 0.01% 0.05% 0.03%
Tax Efficiency 40.69% 66.01% -
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 13.12% 11.75% 15.49% 12.90%
Beta 0.97% 0.96% 0.99% 0.98%
Alpha 0.01% 0.02% 0.02% 0.02%
Rsquared 0.99% 0.98% 0.97% 0.97%
Sharpe 0.74% 0.12% 0.33% 0.24%
Sortino 1.82% 0.13% 0.36% 0.15%
Treynor 0.10% 0.01% 0.05% 0.03%
Tax Efficiency 83.30% 40.69% 66.01% -

Fund Details

Start Date April 10, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $697

Fund Codes

FundServ Code Load Code Sales Status
DYN2900
DYN2901
DYN2902
DYN7015

Investment Objectives

Dynamic Preferred Yield Class seeks to provide dividend income while preserving capital through investing primarily in preferred shares of companies across North America. Before a fundamental change is made to the investment objectives of the Fund, the prior approval of shareholders is required. This approval must be given by a resolution passed by a majority of the votes cast at a meeting of shareholders

Investment Strategy

To achieve its mandate, the Fund invests primarily in preferred shares of companies located across North America. The Fund may also invest in dividend paying common shares and other distribution paying equity, fixed income securities and interest earning securities, including exchange-traded funds and closed-end funds.

Portfolio Manager(s)

Name Start Date
Marc-André Gaudreau 04-09-2013

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 1.57%
Management Fee 1.30%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.70%
Trailer Fee Max (DSC) 0.30%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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