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High Yield Fixed Income
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|
NAVPS (02-11-2025) |
$7.82 |
|---|---|
| Change |
-$0.01
(-0.07%)
|
As at January 31, 2025
As at November 30, 2024
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Inception Return (December 31, 2012): 2.72%
| 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 | 0.98% | 1.66% | 2.68% | 0.98% | 6.63% | 6.54% | 2.14% | 1.98% | 2.53% | 3.07% | 2.62% | 2.59% | 3.55% | 2.28% |
| Benchmark | 1.94% | 4.92% | 8.91% | 1.94% | 17.87% | 13.35% | 7.82% | 5.31% | 5.10% | 5.92% | 5.97% | 5.62% | 6.11% | 6.06% |
| Category Average | 1.01% | 1.78% | 3.78% | 1.01% | 7.76% | 6.65% | 2.51% | 2.10% | 2.69% | 3.39% | 2.90% | 3.13% | 4.14% | 3.18% |
| Category Rank | 173 / 282 | 208 / 282 | 270 / 281 | 173 / 282 | 257 / 280 | 209 / 274 | 233 / 268 | 200 / 260 | 194 / 251 | 206 / 243 | 176 / 220 | 178 / 208 | 179 / 198 | 173 / 187 |
| Quartile Ranking | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.02% | 0.98% | -1.09% | 1.18% | 0.92% | 1.80% | 0.76% | 0.96% | -0.72% | 1.28% | -0.60% | 0.98% |
| Benchmark | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% | 2.08% | 1.94% |
5.48% (July 2022)
-11.00% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -4.97% | 7.01% | 3.67% | -2.78% | 7.81% | 5.14% | 4.95% | -11.72% | 10.37% | 5.42% |
| Benchmark | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% |
| Category Average | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% |
| Quartile Ranking | 4 | 4 | 4 | 3 | 4 | 3 | 2 | 4 | 2 | 4 |
| Category Rank | 142/ 182 | 180/ 198 | 173/ 207 | 126/ 218 | 196/ 243 | 137/ 251 | 99/ 256 | 229/ 265 | 91/ 274 | 250/ 280 |
10.37% (2023)
-11.72% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 50.17 |
| Canadian Corporate Bonds | 25.97 |
| Canadian Government Bonds | 10.94 |
| Foreign Bonds - Other | 6.21 |
| Foreign Government Bonds | 4.18 |
| Other | 2.53 |
| Name | Percent |
|---|---|
| Fixed Income | 97.47 |
| Cash and Cash Equivalent | 2.54 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| North America | 93.80 |
| Multi-National | 6.21 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| Dynamic Active Discount Bond ETF | 6.21 |
| Canada Government 2.75% 01-Dec-2055 | 5.43 |
| United States Treasury 4.13% 31-Oct-2031 | 4.14 |
| Parkland Corp 4.50% 01-Oct-2029 | 2.67 |
| Veren Inc 5.50% 21-Jun-2034 | 2.04 |
| Precision Drilling Corp 6.88% 15-Jan-2029 | 1.89 |
| Bank of Nova Scotia 4.44% 15-Nov-2034 | 1.60 |
| Canada Government 3.00% 01-Jun-2034 | 1.58 |
| Freedom Mortgage Corp 7.63% 01-May-2026 | 1.53 |
| Canada Government 1.50% 01-Dec-2031 | 1.53 |
Dynamic Credit Spectrum Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 7.72% | 8.53% | 6.60% |
|---|---|---|---|
| Beta | 0.85% | 0.90% | 0.61% |
| Alpha | -0.04% | -0.02% | -0.01% |
| Rsquared | 0.54% | 0.59% | 0.37% |
| Sharpe | -0.17% | 0.06% | 0.13% |
| Sortino | -0.11% | -0.02% | -0.10% |
| Treynor | -0.02% | 0.01% | 0.01% |
| Tax Efficiency | - | 7.23% | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.15% | 7.72% | 8.53% | 6.60% |
| Beta | -0.01% | 0.85% | 0.90% | 0.61% |
| Alpha | 0.07% | -0.04% | -0.02% | -0.01% |
| Rsquared | 0.00% | 0.54% | 0.59% | 0.37% |
| Sharpe | 0.71% | -0.17% | 0.06% | 0.13% |
| Sortino | 1.86% | -0.11% | -0.02% | -0.10% |
| Treynor | -2.65% | -0.02% | 0.01% | 0.01% |
| Tax Efficiency | 60.51% | - | 7.23% | - |
| Start Date | December 31, 2012 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $178 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| DYN2790 | ||
| DYN2791 | ||
| DYN2792 | ||
| DYN7027 |
Dynamic Credit Spectrum Fund seeks to achieve a high level of interest income and the potential for some long-term capital growth by investing primarily in an actively managed and diversified portfolio of corporate credit securities. Before a fundamental change is made to the investment objectives of the Fund, the prior approval of unitholders is required. This approval must be given by a resolution passed by a majority of the votes cast at a meeting of unitholders
In order to achieve its objectives, the Fund may invest in the following types of investments including but not limited to: North American bonds typically rated BB high, Ba1 or BB+ or lower by a nationally recognized credit rating agency, unrated securities, investment grade corporate bonds, asset backed securities, including mortgage backed securities, convertible securities, preferred shares, ETFs and closed-end funds, government bonds, leveraged loans, and cash equivalents.
| Name | Start Date |
|---|---|
| Marc-André Gaudreau | 01-23-2013 |
| 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 |
| 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 |
| MER | 1.95% |
|---|---|
| Management Fee | 1.60% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | 6.00% |
| Trailer Fee Max (FE) | 0.75% |
| Trailer Fee Max (DSC) | 0.75% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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