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Dynamic Ultra Short Term Bond Fund Series A
Cdn Short Term Fixed Inc
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FundGrade B
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FundGrade A+® Rating Recipient
2024, 2023
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|
NAVPS (10-06-2026) |
$9.30 |
|---|---|
| Change |
$0.00
(0.01%)
|
As at August 31, 2026
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (September 09, 2013): 1.82%
| 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 | 0.18% | 0.53% | 1.20% | 1.53% | 2.49% | 3.23% | 3.82% | 4.16% | 3.06% | 2.59% | 2.51% | 2.36% | 2.20% | 2.09% |
| Benchmark | 0.09% | 0.05% | -0.06% | 1.13% | 2.23% | 3.41% | 4.76% | 3.99% | 2.08% | 1.82% | 2.16% | 2.45% | 2.24% | 2.02% |
| Category Average | 0.10% | 0.05% | -0.04% | 0.93% | 1.86% | 2.91% | 4.25% | 3.59% | 1.75% | 1.59% | 1.83% | 2.01% | 1.80% | 1.64% |
| Category Rank | 86 / 312 | 60 / 307 | 31 / 299 | 59 / 295 | 104 / 278 | 144 / 245 | 184 / 217 | 83 / 202 | 17 / 190 | 24 / 181 | 56 / 172 | 80 / 165 | 67 / 156 | 54 / 143 |
| Quartile Ranking | 2 | 1 | 1 | 1 | 2 | 3 | 4 | 2 | 1 | 1 | 2 | 2 | 2 | 2 |
Monthly Return
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.32% | 0.24% | 0.20% | 0.18% | 0.30% | 0.03% | 0.09% | 0.29% | 0.28% | 0.18% | 0.16% | 0.18% |
| Benchmark | 0.75% | 0.38% | 0.22% | -0.27% | 0.45% | 0.74% | -0.88% | 0.04% | 0.74% | 0.32% | -0.36% | 0.09% |
Best Monthly Return Since Inception
1.73% (April 2020)
Worst Monthly Return Since Inception
-2.67% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.09% | 1.28% | 0.02% | 2.18% | 2.09% | -0.38% | 0.31% | 5.53% | 4.87% | 3.34% |
| Benchmark | 0.90% | 0.27% | 1.89% | 2.98% | 5.17% | -0.92% | -3.98% | 4.92% | 5.71% | 3.77% |
| Category Average | 0.85% | 0.42% | 0.53% | 2.93% | 4.36% | -0.83% | -4.45% | 4.84% | 5.17% | 3.22% |
| Quartile Ranking | 2 | 1 | 4 | 4 | 4 | 1 | 1 | 2 | 4 | 3 |
| Category Rank | 64/ 139 | 18/ 143 | 152/ 159 | 136/ 166 | 164/ 176 | 36/ 182 | 16/ 191 | 60/ 203 | 187/ 220 | 162/ 257 |
Best Calendar Return (Last 10 years)
5.53% (2023)
Worst Calendar Return (Last 10 years)
-0.38% (2021)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 64.17 |
| Canadian Government Bonds | 15.52 |
| Mortgages | 9.46 |
| Foreign Corporate Bonds | 7.45 |
| Cash and Equivalents | 3.14 |
| Other | 0.26 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 96.62 |
| Cash and Cash Equivalent | 3.14 |
| Other | 0.24 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Merrill Lynch International Interest Rate Swap variable 2.32% 01-Jun-2029 | 8.91 |
| Bank of Nova Scotia 3.81% 15-Nov-2027 | 6.74 |
| Wells Fargo & Co 5.08% 26-Apr-2027 | 5.96 |
| Canada Government 1.25% 01-Jun-2030 | 5.85 |
| Royal Bank of Canada 3.63% 10-Dec-2027 | 5.05 |
| Canadian Imperial Bank of Commerce 3.24% 30-Jun-2029 | 4.83 |
| Merrill Lynch International Interest Rate Swap variable 2.32% 25-Feb-2033 | 4.74 |
| Toronto-Dominion Bank (The) Interest Rate Swap variable 2.32% 26-Feb-2029 | 4.74 |
| Merrill Lynch International Interest Rate Swap variable 2.32% 16-Jan-2031 | 4.51 |
| Merrill Lynch International Interest Rate Swap variable 2.32% 01-Jun-2030 | 3.61 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Dynamic Ultra Short Term Bond Fund Series A
Median
Other - Cdn Short Term Fixed Inc
3 Yr Annualized
| Standard Deviation | 0.58% | 1.05% | 1.39% |
|---|---|---|---|
| Beta | 0.12 | 0.20 | 0.24 |
| Alpha | 0.03 | 0.03 | 0.02 |
| Rsquared | 0.17% | 0.22% | 0.12% |
| Sharpe | 0.66 | 0.01 | 0.10 |
| Sortino | 3.21 | 0.03 | -0.78 |
| Treynor | 0.03 | 0.00 | 0.01 |
| Tax Efficiency | 46.93% | 40.33% | 37.23% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.30% | 0.58% | 1.05% | 1.39% |
| Beta | 0.07 | 0.12 | 0.20 | 0.24 |
| Alpha | 0.02 | 0.03 | 0.03 | 0.02 |
| Rsquared | 0.16% | 0.17% | 0.22% | 0.12% |
| Sharpe | 0.71 | 0.66 | 0.01 | 0.10 |
| Sortino | -1.73 | 3.21 | 0.03 | -0.78 |
| Treynor | 0.03 | 0.03 | 0.00 | 0.01 |
| Tax Efficiency | 49.31% | 46.93% | 40.33% | 37.23% |
Fund Details
| Start Date | September 09, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $905 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| DYN2740 | FE | Open |
| DYN2741 | LSC | Open |
| DYN2742 | DSC | Open |
| DYN7029 | LSC | Open |
Investment Objectives
Dynamic Investment Grade Floating Rate Fund seeks to provide interest income while preserving capital and mitigating the effects of interest rate fluctuations. 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
Investment Strategy
To achieve the Fund's investment objectives, the portfolio advisor invests primarily in North American investment grade corporate bonds while using interest rate derivatives to minimize interest rate risk and deliver a floating rate of income. The Fund may also invest in high yield securities as long as the overall credit rating of the Fund remains BBB- or above.
Portfolio Management
| Portfolio Manager |
1832 Asset Management L.P.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
1832 Asset Management L.P. |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
1832 Asset Management L.P. |
| Distributor |
1832 Asset Management L.P. |
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 | 1.00% |
|---|---|
| Management Fee | 0.75% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | 6.00% |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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