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Dynamic Credit Absolute Return Fund Series A
Alternative Credit Focus
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (08-31-2026) |
$8.81 |
|---|---|
| Change |
$0.00
(0.02%)
|
As at July 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (January 02, 2014): 3.92%
| 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 | 0.08% | 0.90% | 0.78% | 1.33% | 2.84% | 4.32% | 4.60% | 4.78% | 3.46% | 3.87% | 3.74% | 3.31% | 2.99% | 3.42% |
| Benchmark | -1.61% | 0.21% | -0.05% | 0.58% | 2.41% | 2.62% | 4.09% | 2.55% | 0.18% | -0.35% | 0.95% | 1.88% | 1.88% | 1.39% |
| Category Average | -0.15% | 0.79% | 1.37% | 2.10% | 4.50% | 5.38% | 6.42% | 5.52% | 3.72% | 4.31% | 4.24% | - | - | - |
| Category Rank | 43 / 155 | 51 / 148 | 82 / 144 | 89 / 144 | 101 / 137 | 85 / 119 | 91 / 105 | 61 / 89 | 43 / 75 | 39 / 60 | 19 / 30 | 11 / 13 | 12 / 12 | 11 / 12 |
| Quartile Ranking | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 |
Monthly Return
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.26% | 0.44% | 0.28% | 0.23% | 0.28% | 0.55% | 0.52% | -1.00% | 0.36% | 0.33% | 0.50% | 0.08% |
| Benchmark | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% | 0.44% | -1.61% |
Best Monthly Return Since Inception
4.61% (December 2015)
Worst Monthly Return Since Inception
-7.66% (March 2020)
Calendar Return (%)
| 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 | 91/ 103 | 91/ 108 | 65/ 131 |
Best Calendar Return (Last 10 years)
5.59% (2020)
Worst Calendar Return (Last 10 years)
-1.98% (2018)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 124.69 |
| Foreign Corporate Bonds | 77.20 |
| Cash and Equivalents | 24.03 |
| Mortgages | 22.84 |
| Foreign Bonds - Other | 12.89 |
| Other | -161.65 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 74.77 |
| Cash and Cash Equivalent | 24.02 |
| Consumer Goods | 0.65 |
| Real Estate | 0.51 |
| Other | 0.05 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.20 |
| Europe | 1.29 |
| Asia | 0.51 |
Top Holdings
| Name | Percent |
|---|---|
| United States Treasury 4.62% 15-Nov-2055 | 15.69 |
| Air Canada 3.88% 15-Aug-2026 | 9.97 |
| U.S. DOLLARS | 9.45 |
| United States Treasury 4.75% 15-Aug-2055 | 8.36 |
| Sunoco LP 3.87% 16-Jun-2026 | 7.45 |
| Toronto-Dominion Bank (The) Interest Rate Swap variable 2.27% 16-Jan-2030 | 7.24 |
| Freddie Mac Stacr Remic Trust 7.72% 25-Oct-2027 | 6.77 |
| Cenovus Energy Inc 3.50% 07-Feb-2028 | 6.65 |
| Bank of Nova Scotia 3.81% 15-Nov-2027 | 6.43 |
| EchoStar Corp 10.75% 30-Nov-2029 | 5.55 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Dynamic Credit Absolute Return Fund Series A
Median
Other - Alternative Credit Focus
3 Yr Annualized
| Standard Deviation | 1.59% | 2.36% | 3.60% |
|---|---|---|---|
| Beta | -0.07 | 0.09 | 0.17 |
| Alpha | 0.05 | 0.03 | 0.03 |
| Rsquared | 0.06% | 0.05% | 0.06% |
| Sharpe | 0.67 | 0.20 | 0.42 |
| Sortino | 1.56 | 0.27 | 0.15 |
| Treynor | -0.14 | 0.05 | 0.09 |
| Tax Efficiency | 52.03% | 20.45% | 38.04% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.43% | 1.59% | 2.36% | 3.60% |
| Beta | 0.23 | -0.07 | 0.09 | 0.17 |
| Alpha | 0.02 | 0.05 | 0.03 | 0.03 |
| Rsquared | 0.49% | 0.06% | 0.05% | 0.06% |
| Sharpe | 0.37 | 0.67 | 0.20 | 0.42 |
| Sortino | -0.15 | 1.56 | 0.27 | 0.15 |
| Treynor | 0.02 | -0.14 | 0.05 | 0.09 |
| Tax Efficiency | 4.83% | 52.03% | 20.45% | 38.04% |
Fund Details
| Start Date | January 02, 2014 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $2,899 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| DYN27530 |
Investment Objectives
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.
Investment Strategy
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 Management
| Portfolio Manager |
1832 Asset Management L.P.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
1832 Asset Management L.P. |
|---|---|
| Custodian |
TD Securities Inc. |
| Registrar |
1832 Asset Management L.P. |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 100 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| 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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