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Alternative Credit Focus
|
NAVPS (04-30-2024) |
$10.23 |
|---|---|
| Change |
$0.00
(0.03%)
|
As at March 31, 2024
As at January 31, 2024
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Inception Return (September 25, 2023): 5.86%
| 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 | 1.20% | 4.05% | 5.86% | 4.05% | - | - | - | - | - | - | - | - | - | - |
| Benchmark | 0.48% | -1.28% | 6.84% | -1.28% | 1.93% | -0.14% | -1.50% | -0.83% | 0.22% | 1.02% | 1.12% | 1.15% | 1.09% | 2.01% |
| Category Average | 0.82% | 6.16% | 6.16% | 1.92% | 6.88% | 3.42% | 2.11% | 5.50% | - | - | - | - | - | - |
| Category Rank | 22 / 120 | 13 / 120 | 64 / 119 | 13 / 120 | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 3 | 1 | - | - | - | - | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 0.03% | 0.80% | 0.90% | 1.32% | 1.48% | 1.20% |
| Benchmark | 0.90% | -1.62% | -0.04% | -1.08% | -0.19% | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% |
1.48% (February 2024)
0.00% (September 2023)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| 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 | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
-
-
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 57.93 |
| Canadian Corporate Bonds | 33.59 |
| Foreign Government Bonds | 8.88 |
| Canadian Government Bonds | 1.96 |
| Canadian Equity | 1.38 |
| Other | -3.74 |
| Name | Percent |
|---|---|
| Fixed Income | 102.37 |
| Energy | 1.39 |
| Technology | 0.11 |
| Financial Services | 0.04 |
| Healthcare | 0.04 |
| Other | -3.95 |
| Name | Percent |
|---|---|
| North America | 99.98 |
| Europe | 0.01 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Greenfire Resources Ltd 12.00% 01-Oct-2028 | 13.37 |
| Secure Energy Services Inc 11.00% 01-Dec-2025 | 13.15 |
| NuVista Energy Ltd 7.87% 23-Jul-2026 | 8.78 |
| Markit CDX North America High Yield Index 41 Swap 1.00% 20-Dec-2028 | 8.35 |
| Royal Caribbean Cruises Ltd 9.25% 15-Jan-2029 | 7.93 |
| Carnival Corp 4.00% 01-Aug-2028 | 7.87 |
| SECURE Energy Services Inc 7.25% 30-Dec-2026 | 4.23 |
| Transocean Inc 11.50% 30-Jan-2027 | 3.68 |
| United States Treasury 4.00% 31-Jan-2029 | 3.44 |
| Freedom Mortgage Corp 7.63% 01-May-2026 | 3.35 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | - | - | - | - |
| Beta | - | - | - | - |
| Alpha | - | - | - | - |
| Rsquared | - | - | - | - |
| Sharpe | - | - | - | - |
| Sortino | - | - | - | - |
| Treynor | - | - | - | - |
| Tax Efficiency | - | - | - | - |
| Start Date | September 25, 2023 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| DYN3136 |
The Fund seeks to generate absolute returns over a complete market cycle through long and short positions in primarily corporate debt securities. The Fund will use alternative investment strategies including the use of leverage.
To achieve the Fund’s investment objectives, the Fund will follow a comprehensive top-down and bottom-up investment process focused on the risk-reward relationship of individual credit investments inside a diversified portfolio
| Name | Start Date |
|---|---|
| Roger Rouleau | 10-13-2023 |
| Marc-André Gaudreau | 10-13-2023 |
| Jeremy Lucas | 10-13-2023 |
| Fund Manager | 1832 Asset Management L.P. |
|---|---|
| Advisor | 1832 Asset Management L.P. |
| Custodian | - |
| Registrar | 1832 Asset Management L.P. |
| Distributor | - |
| Auditor | KPMG LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | - |
|---|---|
| Management Fee | 1.80% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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