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Cdn Corp Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-15-2024)
$7.51
Change
-$0.03 (-0.46%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Dynamic Corporate Bond Strategies Fund Series A

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Fund Returns

Inception Return (November 01, 2011): 1.67%

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 0.75% -0.34% -0.62% 0.42% 5.22% 1.00% -1.17% 1.56% 0.96% 1.42% 1.12% 1.14% 0.95% 1.13%
Benchmark 0.60% 0.15% 7.80% 0.15% 5.72% 2.15% 0.01% 1.81% 1.63% 2.14% 2.11% 2.35% 2.15% 2.74%
Category Average 0.57% 7.54% 7.54% 0.14% 4.99% 1.50% -0.75% 1.55% 1.09% 1.47% - - - -
Category Rank 18 / 97 39 / 97 33 / 97 39 / 97 58 / 97 73 / 87 73 / 82 46 / 77 57 / 74 51 / 71 51 / 66 50 / 62 44 / 54 52 / 54
Quartile Ranking 1 2 2 2 3 4 4 3 4 3 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.95% -1.44% 0.23% -0.01% -0.31% -1.93% -0.62% 4.29% 3.70% -0.34% 0.01% 0.75%
Benchmark 1.34% -1.31% 0.19% -0.36% -0.02% -1.75% 0.45% 3.64% 3.39% -0.70% 0.25% 0.60%

Best Monthly Return Since Inception

5.42% (April 2020)

Worst Monthly Return Since Inception

-7.26% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 3.73% 0.84% 1.05% 0.17% 0.04% 7.17% 7.88% -1.61% -11.91% 7.99%
Benchmark 7.44% 2.74% 3.59% 3.48% 0.96% 8.01% 8.57% -1.32% -10.12% 8.32%
Category Average - - - - - 7.34% 7.62% -1.82% -10.25% 7.57%
Quartile Ranking 4 3 4 4 3 3 3 3 4 2
Category Rank 54/ 54 31/ 54 59/ 59 63/ 65 37/ 67 45/ 73 42/ 74 54/ 80 82/ 86 44/ 93

Best Calendar Return (Last 10 years)

7.99% (2023)

Worst Calendar Return (Last 10 years)

-11.91% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 67.37
Foreign Corporate Bonds 25.46
Cash and Equivalents 3.12
Canadian Government Bonds 2.37
Foreign Government Bonds 1.61
Other 0.07

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.90
Cash and Cash Equivalent 3.13
Financial Services 0.01
Other -0.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.91
Latin America 0.09
Europe 0.05
Other -0.05

Top Holdings

Top Holdings
Name Percent
1832 AM U.S. $ Investment Grade U.S. Corp Bon Pl I 5.74
Enbridge Inc 5.38% 27-Sep-2027 1.71
AerCap Ireland Capital DAC 3.30% 30-Oct-2031 1.66
Inter Pipeline Ltd 3.98% 25-Nov-2031 1.60
Cash and Cash Equivalents 1.58
Dynamic Active US Investment Grade Bond ETF (DXBU) 1.41
Charter Communicatns Oprtg LLC 3.90% 01-Dec-2051 1.38
Meta Platforms Inc 4.45% 15-Feb-2052 1.29
Enmax Corp 3.84% 05-Mar-2028 1.24
Toronto-Dominion Bank 4.68% 08-Jan-2029 1.24

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Dynamic Corporate Bond Strategies Fund Series A

Median

Other - Cdn Corp Fixed Income

3 Yr Annualized

Standard Deviation 6.65% 7.01% 5.08%
Beta 1.10% 1.07% 0.95%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.90% 0.93% 0.86%
Sharpe -0.54% -0.11% -0.02%
Sortino -0.81% -0.35% -0.46%
Treynor -0.03% -0.01% 0.00%
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.41% 6.65% 7.01% 5.08%
Beta 1.09% 1.10% 1.07% 0.95%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.95% 0.90% 0.93% 0.86%
Sharpe 0.09% -0.54% -0.11% -0.02%
Sortino 0.76% -0.81% -0.35% -0.46%
Treynor 0.01% -0.03% -0.01% 0.00%
Tax Efficiency 61.14% - - -

Fund Details

Start Date November 01, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $471

Fund Codes

FundServ Code Load Code Sales Status
DYN2800
DYN2801
DYN2802
DYN7026

Investment Objectives

Dynamic Corporate Bond Strategies Fund seeks to provide income and capital appreciation from an actively managed and diversified portfolio of primarily investment grade fixed income securities issued by corporations based in North America.

Investment Strategy

The Fund aims to produce attractive risk-adjusted returns primarily through exposure to a North American portfolio of investment grade corporate bonds issued by corporations based in North America. The duration, curve positioning, industry sector weightings and individual security weightings will be adjusted in each segment of the credit cycle in order to preserve capital, optimize performance and potentially enhance returns.

Portfolio Manager(s)

Name Start Date
Domenic Bellissimo 03-26-2013
William (Bill) Lytwynchuk 05-31-2019

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 1.70%
Management Fee 1.40%
Load Choice of Front or Back
FE Max 0.00%
DSC Max 0.00%
LL Max 0.00%
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) 0.30%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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