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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
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|
NAVPS (06-04-2026) |
$8.83 |
|---|---|
| Change |
$0.00
(0.04%)
|
As at April 30, 2026
As at February 28, 2026
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Inception Return (January 02, 2014): 3.93%
| 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 | 0.36% | -0.13% | 0.93% | 0.42% | 4.81% | 4.41% | 4.57% | 4.59% | 3.42% | 4.95% | 3.61% | 3.17% | 2.98% | 3.46% |
| Benchmark | 0.06% | -0.26% | -0.74% | 0.36% | 1.56% | 5.13% | 3.07% | 2.76% | 0.70% | 0.18% | 1.34% | 1.91% | 1.59% | 1.73% |
| Category Average | 0.80% | 0.58% | 1.70% | 1.30% | 6.26% | 6.47% | 6.27% | 5.32% | 3.62% | 5.20% | 4.26% | - | - | - |
| Category Rank | 113 / 150 | 112 / 146 | 100 / 146 | 117 / 146 | 82 / 134 | 90 / 110 | 90 / 106 | 62 / 91 | 40 / 64 | 25 / 41 | 14 / 22 | 12 / 12 | 11 / 12 | 12 / 12 |
| Quartile Ranking | 4 | 4 | 3 | 4 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 |
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.41% | 0.74% | 0.65% | 0.26% | 0.44% | 0.28% | 0.23% | 0.28% | 0.55% | 0.52% | -1.00% | 0.36% |
| Benchmark | 0.08% | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% |
4.61% (December 2015)
-7.66% (March 2020)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.06% | 5.07% | -1.98% | 2.48% | 5.59% | 3.06% | 0.86% | 4.52% | 5.03% | 5.42% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | 4 | 3 | 4 | 4 | 3 | 2 | 1 | 4 | 4 | 2 |
| Category Rank | 12/ 12 | 9/ 12 | 11/ 12 | 19/ 19 | 23/ 36 | 30/ 64 | 16/ 85 | 93/ 105 | 93/ 110 | 64/ 132 |
5.59% (2020)
-1.98% (2018)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 111.73 |
| Foreign Corporate Bonds | 83.56 |
| Mortgages | 21.57 |
| Foreign Bonds - Other | 14.24 |
| Canadian Equity | 0.62 |
| Name | Percent |
|---|---|
| Fixed Income | 101.97 |
| Consumer Goods | 0.62 |
| Real Estate | 0.49 |
| Cash and Cash Equivalent | -3.31 |
| Other | 0.23 |
| Name | Percent |
|---|---|
| North America | 96.95 |
| Europe | 1.24 |
| Asia | 0.49 |
| Other | 1.32 |
| Name | Percent |
|---|---|
| Air Canada 3.88% 15-Aug-2026 | 9.09 |
| United States Treasury 4.75% 15-Aug-2055 | 8.34 |
| Cash and Cash Equivalents | 7.64 |
| Cenovus Energy Inc 3.50% 07-Feb-2028 | 7.24 |
| Toronto-Dominion Bank (The) Interest Rate Swap variable 2.28% 15-Nov-2027 | 6.85 |
| Toronto-Dominion Bank (The) Interest Rate Swap variable 2.28% 16-Jan-2030 | 6.80 |
| Sunoco LP 3.87% 16-Jun-2026 | 6.78 |
| Bank of Nova Scotia 3.81% 15-Nov-2027 | 6.51 |
| EchoStar Corp 10.75% 30-Nov-2029 | 5.26 |
| Canadian Imperial Bank Commrce 3.65% 10-Dec-2028 | 5.15 |
Dynamic Credit Absolute Return Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 1.60% | 2.35% | 3.60% |
|---|---|---|---|
| Beta | -0.08 | 0.09 | 0.17 |
| Alpha | 0.05 | 0.03 | 0.03 |
| Rsquared | 0.07% | 0.05% | 0.06% |
| Sharpe | 0.54 | 0.22 | 0.44 |
| Sortino | 1.53 | 0.24 | 0.17 |
| Treynor | -0.11 | 0.06 | 0.09 |
| Tax Efficiency | 50.59% | 20.73% | 39.28% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.89% | 1.60% | 2.35% | 3.60% |
| Beta | 0.23 | -0.08 | 0.09 | 0.17 |
| Alpha | 0.04 | 0.05 | 0.03 | 0.03 |
| Rsquared | 0.21% | 0.07% | 0.05% | 0.06% |
| Sharpe | 1.24 | 0.54 | 0.22 | 0.44 |
| Sortino | 1.38 | 1.53 | 0.24 | 0.17 |
| Treynor | 0.10 | -0.11 | 0.06 | 0.09 |
| Tax Efficiency | 43.19% | 50.59% | 20.73% | 39.28% |
| Start Date | January 02, 2014 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | - |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $2,724 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| DYN27530 |
Dynamic Credit Absolute Return Fund seeks to maximize absolute returns over a complete market cycle through investment in diversified long and short positions of primarily North American credit securities while seeking to mitigate interest rate risk while maintaining a weighted averaged credit rating of “Investment Grade”. The Fund may invest in one or more underlying funds. The Fund will use alternative investment strategies including the use of leverage.
To achieve the Fund’s investment objectives, the Fund will follow a comprehensive top-down and bottom-up investment process focused on the risk-reward relationship of individual credit investments inside a diversified portfolio.
| Portfolio Manager |
1832 Asset Management L.P.
|
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
1832 Asset Management L.P. |
|---|---|
| Custodian |
TD Securities Inc. |
| Registrar |
1832 Asset Management L.P. |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 100 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.12% |
|---|---|
| Management Fee | 1.80% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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