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Misc - Inc&Real Property

NAVPS
(04-15-2024)
$8.82
Change
-$0.07 (-0.76%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Dynamic Alternative Yield Fund Series A

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Fund Returns

Inception Return (September 30, 2011): 6.69%

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 1.73% 2.10% 0.40% 6.54% 12.09% 2.25% 6.55% 9.70% 6.12% 6.09% 5.37% 5.91% 4.53% 5.67%
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 0.86% 3.15% 3.15% 1.60% 3.18% 1.34% 3.80% 5.39% 3.78% 3.82% 3.70% 3.70% 3.18% 3.43%
Category Rank 51 / 83 9 / 83 10 / 83 9 / 83 25 / 83 39 / 83 32 / 82 29 / 80 27 / 77 27 / 68 23 / 63 22 / 57 18 / 33 15 / 30
Quartile Ranking 3 1 1 1 2 2 2 2 2 2 2 2 3 2

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.91% -1.95% 1.37% 1.40% 0.95% -2.21% 0.40% 3.63% 0.73% 2.10% 2.57% 1.73%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

10.62% (November 2020)

Worst Monthly Return Since Inception

-16.41% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 13.74% 5.29% -0.19% 8.02% -4.61% 23.79% -8.98% 31.86% -12.22% 5.67%
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 3 3 4 2 4 1 4 1 4 2
Category Rank 16/ 29 17/ 33 46/ 49 20/ 59 56/ 66 11/ 76 73/ 79 8/ 82 75/ 82 40/ 83

Best Calendar Return (Last 10 years)

31.86% (2021)

Worst Calendar Return (Last 10 years)

-12.22% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 39.36
Foreign Corporate Bonds 18.63
Cash and Equivalents 15.24
Canadian Equity 12.88
Foreign Government Bonds 3.58
Other 10.31

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 24.73
Financial Services 19.39
Cash and Cash Equivalent 15.25
Real Estate 10.35
Mutual Fund 6.95
Other 23.33

Geographic Allocation

Geographic Allocation
Name Percent
North America 92.51
Multi-National 3.51
Europe 2.49
Asia 0.85
Latin America 0.63
Other 0.01

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 7.84
USD OVERNIGHT DEPOSIT 0.00% 01-Feb-2024 6.14
Ares Management Corp Cl A 4.21
Blackstone Secured Lending Fund 3.51
Blue Owl Credit Income Corp 7.95% 13-May-2028 3.22
Sixth Street Specialty Lending Inc 3.19
Apollo Global Management Inc 3.08
Antares Holdings LP 7.95% 11-Jul-2028 2.58
Sixth Street Specialty Ldg Inc 6.95% 14-Jul-2028 2.54
Digitalbridge Group Inc Cl A 2.41

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Dynamic Alternative Yield Fund Series A

Median

Other - Misc - Inc&Real Property

3 Yr Annualized

Standard Deviation 11.17% 13.29% 10.58%
Beta 0.70% 0.74% 0.66%
Alpha 0.00% -0.01% 0.01%
Rsquared 0.70% 0.75% 0.63%
Sharpe 0.39% 0.37% 0.45%
Sortino 0.53% 0.39% 0.40%
Treynor 0.06% 0.07% 0.07%
Tax Efficiency 43.39% 40.93% 38.08%
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 5.80% 11.17% 13.29% 10.58%
Beta 0.37% 0.70% 0.74% 0.66%
Alpha 0.07% 0.00% -0.01% 0.01%
Rsquared 0.65% 0.70% 0.75% 0.63%
Sharpe 1.19% 0.39% 0.37% 0.45%
Sortino 2.62% 0.53% 0.39% 0.40%
Treynor 0.19% 0.06% 0.07% 0.07%
Tax Efficiency 67.93% 43.39% 40.93% 38.08%

Fund Details

Start Date September 30, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,186

Fund Codes

FundServ Code Load Code Sales Status
DYN2223
DYN2224
DYN2225
DYN7107

Investment Objectives

Dynamic Alternative Yield Fund seeks to achieve high income and long-term capital growth by investing in a diversified portfolio of income-oriented securities.

Investment Strategy

The Fund will take a flexible approach to investing primarily in specialized income-oriented equity and debt securities and income-producing derivative strategies. The allocations will depend on economic and market conditions, allowing the portfolio advisor to focus on the most attractive asset classes.

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 Back
FE Max 1.00%
DSC Max 0.00%
LL Max 1.00%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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