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High Yield Fixed Income
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2022, 2021, 2020, 2019
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|
Close (04-19-2024) |
$18.99 |
|---|---|
| Change |
-$0.02
(-0.11%)
|
| Open | $19.02 |
|---|---|
| Day Range | $19.02 - $19.02 |
| Volume | 2,079 |
As at March 31, 2024
As at January 31, 2024
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Inception Return (January 20, 2017): 4.16%
| 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 | 1.40% | 1.13% | 9.08% | 1.13% | 8.61% | 2.57% | 1.30% | 5.64% | 4.16% | 4.30% | 4.02% | - | - | - |
| Benchmark | 0.83% | 4.14% | 9.32% | 4.14% | 11.08% | 7.29% | 2.94% | 4.89% | 3.41% | 3.99% | 3.87% | 5.46% | 5.00% | 5.66% |
| Category Average | 1.04% | 7.26% | 7.26% | 1.57% | 7.54% | 1.83% | 0.64% | 4.84% | 2.38% | 2.44% | 2.46% | 3.43% | 2.65% | 2.59% |
| Category Rank | 38 / 300 | 238 / 300 | 23 / 298 | 238 / 300 | 121 / 294 | 116 / 288 | 129 / 281 | 116 / 274 | 47 / 266 | 37 / 242 | 45 / 229 | - | - | - |
| Quartile Ranking | 1 | 4 | 1 | 4 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.68% | -1.32% | 0.80% | 0.98% | -0.04% | -1.50% | -0.78% | 5.26% | 3.27% | 0.07% | -0.33% | 1.40% |
| Benchmark | 1.23% | -1.13% | -0.73% | 1.08% | 2.51% | -1.32% | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% |
5.70% (July 2022)
-9.61% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | -2.73% | 14.24% | 9.73% | 5.12% | -12.08% | 11.34% |
| 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 | 1 | 1 | 2 | 4 | 1 |
| Category Rank | - | - | - | - | 135/ 240 | 6/ 265 | 22/ 273 | 90/ 275 | 248/ 285 | 53/ 294 |
14.24% (2019)
-12.08% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 59.99 |
| Canadian Corporate Bonds | 28.19 |
| Cash and Equivalents | 7.88 |
| Canadian Government Bonds | 3.93 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Fixed Income | 92.12 |
| Cash and Cash Equivalent | 7.88 |
| Name | Percent |
|---|---|
| North America | 100.00 |
| Name | Percent |
|---|---|
| Videotron Ltd 5.75% 15-Jan-2026 | 4.41 |
| SCOTIAETF CAD OVERNIGHTDEPOSIT 5.40% 31-Dec-2049 | 4.24 |
| Russel Metals Inc 5.75% 27-Oct-2025 | 3.40 |
| NOVA Chemicals Corp 8.50% 15-Nov-2028 | 2.92 |
| Ford Motor Credit Co LLC 4.00% 13-Aug-2030 | 2.87 |
| Northland Power Inc 9.25% 30-Jun-2083 | 2.82 |
| NuVista Energy Ltd 7.87% 23-Jul-2026 | 2.75 |
| Parkland Corporation 3.87% 16-Jun-2026 | 2.66 |
| Parkland Corp 4.50% 01-Oct-2029 | 2.24 |
| Meg Energy Corp 5.88% 01-Feb-2029 | 2.22 |
Dynamic Active Crossover Bond ETF
Median
Other - High Yield Fixed Income
| Standard Deviation | 8.64% | 8.71% | - |
|---|---|---|---|
| Beta | 0.85% | 0.94% | - |
| Alpha | -0.01% | 0.01% | - |
| Rsquared | 0.47% | 0.59% | - |
| Sharpe | -0.11% | 0.29% | - |
| Sortino | -0.21% | 0.22% | - |
| Treynor | -0.01% | 0.03% | - |
| Tax Efficiency | - | 53.67% | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.70% | 8.64% | 8.71% | - |
| Beta | 0.66% | 0.85% | 0.94% | - |
| Alpha | 0.01% | -0.01% | 0.01% | - |
| Rsquared | 0.20% | 0.47% | 0.59% | - |
| Sharpe | 0.56% | -0.11% | 0.29% | - |
| Sortino | 2.07% | -0.21% | 0.22% | - |
| Treynor | 0.06% | -0.01% | 0.03% | - |
| Tax Efficiency | 72.37% | - | 53.67% | - |
| Start Date | January 20, 2017 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| 52 Week High | $19.46 |
| 52 Week Low | $17.41 |
| Annual Dividend | $1.09 |
| Annual Yield | - |
| Index | - |
| Shares Outstanding | - |
| Registered Plan Eligible | Yes |
| Exposure | 1x performance |
|---|---|
| Asset Class High | - |
| Asset Class Medium | - |
| Asset Class Low | - |
| Leveraged | - |
| Inverse | - |
| Advisor Series | - |
| Covered Call Strategy | No |
DXO seeks to provide interest income and the potential for some long-term capital growth by investing primarily in North American fixed income corporate securities that are rated close to the line dividing investment grade and high-yield credit. Exposure to these types of fixed income securities will be obtained by investing primarily in Dynamic Active Crossover Bond Fund (the “Dynamic ACB Fund”).
To achieve its objective, DXO will invest primarily in fixed income corporate securities from North America that are close to the line dividing investment grade and high-yield credit in order to take advantage of market dynamics that tend to surround upgrades to investment grade and downgrades from investment grade. These include securities rated between BBB+ and BB- by nationally recognized credit agencies. DXO may also invest in a broader range of fixed income securities.
| Name | Start Date |
|---|---|
| Marc-André Gaudreau | 01-25-2017 |
| Roger Rouleau | 07-13-2020 |
| Jeremy Lucas | 07-13-2020 |
| Fund Manager | 1832 Asset Management L.P. |
|---|---|
| Advisor | 1832 Asset Management L.P. |
| Custodian | State Street Trust Company Canada |
| Registrar | State Street Trust Company Canada |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| MER | 0.55% |
|---|---|
| Management Fee | 0.50% |
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