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High Yield Fixed Income
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|
NAVPS (01-17-2025) |
$7.80 |
|---|---|
| Change |
$0.01
(0.17%)
|
As at December 31, 2024
As at October 31, 2024
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Inception Return (December 31, 2012): 2.66%
| 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 | -0.60% | -0.05% | 3.50% | 5.42% | 5.42% | 7.86% | 0.90% | 1.90% | 2.54% | 3.40% | 2.49% | 2.64% | 3.12% | 2.28% |
| Benchmark | 2.08% | 5.25% | 9.99% | 17.23% | 17.23% | 13.74% | 6.39% | 4.89% | 5.14% | 5.61% | 5.57% | 5.24% | 5.84% | 6.72% |
| Category Average | -0.35% | 0.42% | 4.44% | 7.11% | 7.11% | 7.85% | 1.54% | 1.95% | 2.62% | 3.74% | 2.80% | 3.12% | 3.82% | 3.14% |
| Category Rank | 240 / 303 | 243 / 303 | 270 / 302 | 264 / 301 | 264 / 301 | 208 / 295 | 233 / 286 | 194 / 277 | 189 / 272 | 204 / 262 | 182 / 237 | 173 / 226 | 182 / 198 | 168 / 182 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 3 | 3 | 4 | 4 | 4 | 4 | 4 |
| Return % | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.16% | 0.02% | 0.98% | -1.09% | 1.18% | 0.92% | 1.80% | 0.76% | 0.96% | -0.72% | 1.28% | -0.60% |
| Benchmark | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% | 2.08% |
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% | 7.11% |
| Quartile Ranking | 4 | 4 | 4 | 3 | 4 | 3 | 2 | 4 | 2 | 4 |
| Category Rank | 142/ 182 | 180/ 198 | 175/ 226 | 140/ 237 | 197/ 262 | 137/ 272 | 99/ 277 | 243/ 286 | 91/ 295 | 264/ 301 |
10.37% (2023)
-11.72% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 50.51 |
| Canadian Corporate Bonds | 26.00 |
| Canadian Government Bonds | 10.64 |
| Foreign Bonds - Other | 6.22 |
| Cash and Equivalents | 4.17 |
| Other | 2.46 |
| Name | Percent |
|---|---|
| Fixed Income | 95.81 |
| Cash and Cash Equivalent | 4.16 |
| Other | 0.03 |
| Name | Percent |
|---|---|
| North America | 93.74 |
| Multi-National | 6.22 |
| Other | 0.04 |
| Name | Percent |
|---|---|
| Dynamic Active Discount Bond ETF | 6.22 |
| Canada Government 2.75% 01-Dec-2055 | 5.29 |
| Parkland Corp 4.50% 01-Oct-2029 | 2.66 |
| United States Treasury 3.63% 30-Sep-2031 | 2.41 |
| Veren Inc 5.50% 21-Jun-2034 | 2.02 |
| Nationstar Mortgage Holdgs Inc 5.00% 01-Feb-2026 | 1.93 |
| Cash and Cash Equivalents | 1.89 |
| Precision Drilling Corp 6.88% 15-Jan-2029 | 1.88 |
| Bank of Nova Scotia 4.44% 15-Nov-2034 | 1.58 |
| Canada Government 3.00% 01-Jun-2034 | 1.58 |
Dynamic Credit Spectrum Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 7.88% | 8.53% | 6.60% |
|---|---|---|---|
| Beta | 0.87% | 0.90% | 0.54% |
| Alpha | -0.04% | -0.02% | -0.01% |
| Rsquared | 0.55% | 0.59% | 0.33% |
| Sharpe | -0.31% | 0.07% | 0.13% |
| Sortino | -0.31% | -0.02% | -0.10% |
| Treynor | -0.03% | 0.01% | 0.02% |
| Tax Efficiency | - | 7.99% | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.18% | 7.88% | 8.53% | 6.60% |
| Beta | -0.04% | 0.87% | 0.90% | 0.54% |
| Alpha | 0.06% | -0.04% | -0.02% | -0.01% |
| Rsquared | 0.00% | 0.55% | 0.59% | 0.33% |
| Sharpe | 0.30% | -0.31% | 0.07% | 0.13% |
| Sortino | 1.22% | -0.31% | -0.02% | -0.10% |
| Treynor | -0.27% | -0.03% | 0.01% | 0.02% |
| Tax Efficiency | 50.68% | - | 7.99% | - |
| 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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