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Financial Services Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeA Click for more information on Fundata’s ESG Grade

Fundata ESG Grade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020, 2019, 2018, 2017

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NAVPS
(04-15-2024)
$26.33
Change
-$0.20 (-0.75%)

As at March 31, 2024

As at January 31, 2024

As at February 29, 2024

Period
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Legend

Dynamic Financial Services Fund Series A

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Fund Returns

Inception Return (March 31, 1997): 8.54%

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 2.70% 1.87% -2.90% 8.61% 23.87% 3.45% 6.30% 12.44% 9.65% 8.45% 9.37% 11.43% 9.90% 9.88%
Benchmark 3.76% 9.87% 21.36% 9.87% 25.68% 9.80% 9.79% 15.54% 8.54% 7.15% 7.88% 9.74% 7.73% 8.93%
Category Average 5.09% 20.74% 20.74% 8.28% 21.50% 4.12% 6.40% 16.72% 8.69% 6.85% 7.60% 9.48% 7.82% 8.14%
Category Rank 75 / 77 35 / 76 30 / 76 35 / 76 33 / 71 26 / 60 33 / 57 45 / 52 20 / 52 17 / 47 10 / 42 11 / 34 13 / 34 13 / 32
Quartile Ranking 4 2 2 2 2 2 3 4 2 2 1 2 2 2

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 2.02% -2.97% 4.82% 2.91% -1.55% -1.75% -2.90% 9.26% 4.09% 1.87% 3.81% 2.70%
Benchmark 3.42% -3.87% 2.93% 4.62% -0.85% -2.45% -0.85% 7.51% 3.63% 1.30% 4.53% 3.76%

Best Monthly Return Since Inception

15.47% (October 1998)

Worst Monthly Return Since Inception

-22.21% (August 1998)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 9.50% -1.91% 21.13% 23.46% -7.09% 28.02% 4.88% 25.02% -15.27% 13.27%
Benchmark 14.35% 14.20% 6.34% 15.24% -4.99% 19.43% -5.24% 22.05% -5.68% 13.41%
Category Average 10.01% 6.19% 11.10% 15.65% -8.72% 20.37% 0.17% 28.60% -10.67% 9.26%
Quartile Ranking 4 3 2 1 2 1 1 4 4 2
Category Rank 30/ 31 24/ 34 14/ 34 5/ 42 13/ 46 10/ 50 12/ 52 43/ 57 45/ 57 20/ 66

Best Calendar Return (Last 10 years)

28.02% (2019)

Worst Calendar Return (Last 10 years)

-15.27% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 44.04
US Equity 40.40
Cash and Equivalents 12.20
International Equity 1.75
Income Trust Units 1.05
Other 0.56

Sector Allocation

Sector Allocation
Name Percent
Financial Services 81.61
Cash and Cash Equivalent 12.19
Industrial Services 4.58
Real Estate 1.05
Mutual Fund 0.57

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.64
Europe 1.75
Latin America 1.05
Multi-National 0.57
Other -0.01

Top Holdings

Top Holdings
Name Percent
Toronto-Dominion Bank 5.88
Royal Bank of Canada 5.88
Bank of Montreal 4.73
Visa Inc Cl A 4.36
Sun Life Financial Inc 3.98
John Hancock Lfe Insrnc Co USA 7.38% 15-Feb-2024 3.81
Bank of Nova Scotia 3.48
Brookfield Corp Cl A 3.42
Ares Management Corp Cl A 3.39
Apollo Global Management Inc 3.38

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Dynamic Financial Services Fund Series A

Median

Other - Financial Services Equity

3 Yr Annualized

Standard Deviation 16.81% 16.91% 13.79%
Beta 1.18% 0.98% 0.87%
Alpha -0.05% 0.01% 0.02%
Rsquared 0.88% 0.84% 0.72%
Sharpe 0.29% 0.52% 0.65%
Sortino 0.38% 0.66% 0.78%
Treynor 0.04% 0.09% 0.10%
Tax Efficiency 74.84% 85.01% 82.42%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 12.57% 16.81% 16.91% 13.79%
Beta 1.01% 1.18% 0.98% 0.87%
Alpha -0.02% -0.05% 0.01% 0.02%
Rsquared 0.86% 0.88% 0.84% 0.72%
Sharpe 1.40% 0.29% 0.52% 0.65%
Sortino 3.68% 0.38% 0.66% 0.78%
Treynor 0.17% 0.04% 0.09% 0.10%
Tax Efficiency 96.38% 74.84% 85.01% 82.42%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date March 31, 1997
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $326

Fund Codes

FundServ Code Load Code Sales Status
DYN201
DYN211
DYN301
DYN311
DYN3311
DYN3411
DYN3511
DYN7112

Investment Objectives

Dynamic Financial Services Fund seeks to maximize return over the long-term in a manner consistent with the preservation of capital through investments primarily in Canadian companies that are involved in the financial services and wealth management sectors.

Investment Strategy

The Fund emphasizes investments in shares of Canadian and select international companies that are involved in the financial services and wealth management industries, including banks, asset managers and insurance companies. The Fund seeks to maximize long-term returns by investing in quality companies with strong earnings growth prospects at attractive valuations. In-depth fundamental analysis, based on specialized industry knowledge, is performed to identify appropriate investment opportunities

Portfolio Manager(s)

Name Start Date
Nick Stogdill 05-26-2022
Bill McLeod 12-31-2022

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 2.45%
Management Fee 2.00%
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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