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Alternative Credit Focus
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|
NAVPS (12-12-2025) |
$10.43 |
|---|---|
| Change |
$0.00
(0.03%)
|
As at November 30, 2025
As at September 30, 2025
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Inception Return (July 26, 2022): 6.54%
| 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 | 0.39% | 1.51% | 3.57% | 7.18% | 7.92% | 7.00% | 6.35% | - | - | - | - | - | - | - |
| Benchmark | 0.77% | 1.29% | 1.09% | 7.10% | 3.73% | 4.26% | 3.36% | -1.26% | -1.58% | 0.11% | 1.52% | 0.89% | 1.54% | 1.62% |
| Category Average | 0.28% | 1.45% | 3.76% | 5.27% | 5.49% | 7.68% | 6.84% | 4.16% | 4.06% | 4.45% | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.68% | 0.18% | 0.25% | 0.63% | 0.75% | 1.64% | 0.92% | 0.70% | 0.40% | 0.65% | 0.46% | 0.39% |
| Benchmark | -3.15% | 0.42% | 1.68% | -0.20% | 3.39% | 0.54% | 0.80% | -2.04% | 1.07% | 0.45% | 0.06% | 0.77% |
2.30% (November 2022)
-0.91% (September 2022)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | 4.63% | 6.52% |
| Benchmark | -13.64% | 5.18% | 9.92% | -7.08% | 12.67% | 10.55% | -1.87% | -17.46% | 9.32% | -4.56% |
| Category Average | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
6.52% (2024)
4.63% (2023)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 200.58 |
| Foreign Corporate Bonds | 61.45 |
| Mortgages | 1.38 |
| Canadian Equity | 0.76 |
| International Equity | 0.57 |
| Name | Percent |
|---|---|
| Fixed Income | 115.87 |
| Consumer Goods | 0.71 |
| Real Estate | 0.57 |
| Financial Services | 0.05 |
| Cash and Cash Equivalent | -16.37 |
| Name | Percent |
|---|---|
| North America | 97.14 |
| Asia | 0.57 |
| Other | 2.29 |
| Name | Percent |
|---|---|
| Merrill Lynch Credit Default Swap variable 1.00% 20-Dec-2030 | 44.90 |
| Bank of America Corp 3.62% 16-Mar-2027 | 12.98 |
| Royal Bank of Canada 3.63% 10-Dec-2027 | 12.07 |
| Bank of Nova Scotia 3.81% 15-Nov-2027 | 11.50 |
| Canadian Imperial Bank Commrce 3.65% 10-Dec-2028 | 10.07 |
| Air Canada 3.88% 15-Aug-2026 | 9.84 |
| Cenovus Energy Inc 3.50% 07-Feb-2028 | 8.06 |
| Toronto-Dominion Bank (The) Interest Rate Swap variable 2.56% 15-Nov-2027 | 7.82 |
| Toronto-Dominion Bank (The) Interest Rate Swap variable 2.56% 16-Jan-2030 | 7.77 |
| Wells Fargo & Co 5.08% 26-Apr-2027 | 7.54 |
Dynamic Credit Absolute Return Fund Series FH
Median
Other - Alternative Credit Focus
| Standard Deviation | 1.68% | - | - |
|---|---|---|---|
| Beta | -0.12% | - | - |
| Alpha | 0.07% | - | - |
| Rsquared | 0.17% | - | - |
| Sharpe | 1.36% | - | - |
| Sortino | 3.71% | - | - |
| Treynor | -0.18% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.33% | 1.68% | - | - |
| Beta | -0.18% | -0.12% | - | - |
| Alpha | 0.08% | 0.07% | - | - |
| Rsquared | 0.14% | 0.17% | - | - |
| Sharpe | 3.72% | 1.36% | - | - |
| Sortino | - | 3.71% | - | - |
| Treynor | -0.28% | -0.18% | - | - |
| Tax Efficiency | 80.06% | - | - | - |
| Start Date | July 26, 2022 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Fee Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | USD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| DYN27730 |
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 | 2.62% |
|---|---|
| Management Fee | 0.80% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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