PORTFOLIO MANAGEMENT
CALENDAR RETURNS 4 (%) As at 06/30/2025
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 3.2 | 5.0 | 4.5 | 0.9 | 3.1 | 5.6 | 2.5 | -2.0 | 5.1 | 3.1 |
COMPOUND RETURNS 4 (%) As at 06/30/2025
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
|---|---|---|---|---|---|---|---|
| 0.7 | 2.7 | 3.2 | 5.6 | 5.9 | 4.4 | 3.6 | 4.0 |
TOP ISSUERS (%)
As at 06/30/2025
| col1 | col2 |
|---|---|
| Royal Bank of Canada | 18.8 |
| Bank of Nova Scotia | 17.9 |
| Bank of America | 15.9 |
| CIBC | 15.6 |
| Wells Fargo & Company | 15.3 |
| Total allocation in top holdings | 83.5 |
CREDIT QUALITY
As at 06/30/2025
| col1 | col12 | col3 |
|---|---|---|
| AAA -106.0% | BBB 77.2% | CCC 8.4% |
| AA -45.2% | BB 25.4% | NR 0.2% |
| A 124.4% | B 15.6% |
PORTFOLIO EXPOSURE (%)
As at 06/30/2025
| holding | Net |
|---|---|
| Investment Grade | 215.5 |
| High Yield | 49.4 |
| Bank Loans | 0.0 |
| Cash, Short-Term Investments & Other Net Assets | 1.6 |
| Government Bonds | -168.5 |
| Equity | 0.0 |
| Preferred Stocks-CDN | 2.1 |
| Preferred Stocks-USD | 0.0 |
| Other | -0.1 |
| Total | 100.0 |
DYNAMIC PREFERRED PRICING
Management fee rates are applied back to dollar one
| Fund Value | % |
|---|---|
| $0K - $250K | 1.800 |
| $250K - $1M | 1.725 |
| $1M - $5M | 1.675 |
| $5M+ | 1.625 |
- 1. For the period ended 2024-06-30.
- 2. This fund series pays distributions at a variable rate. Accordingly, it is possible that the series may not pay a distribution in a given payment period. Distributions are not guaranteed and may be adjusted from time to time at the discretion of the fund manager.
- 3. Risk rating measures the degree of uncertainty that an investor can handle regarding fluctuations in the value of their portfolio. The amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial advisor before making a decision as to whether this mutual fund is a suitable investment for them.
- 4. Performance from January 2, 2014 to August 1, 2019 is that of the Dynamic Credit Absolute Return I Fund which was distributed pursuant to an exemption from the prospectus requirement. Performance from August 2, 2019 to November 17, 2023 is that of Dynamic Credit Absolute Return II Fund which was qualified under a simplified prospectus.
- . The benchmark used for analytics for this fund is 67% HFRI RV: Fixed Income - Corporate Index / 33% HFRI ED: Credit Arbitrage Index (U$) (M).
- . Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.
- . The indicated rates of return are the historical annual compounded total returns including changes in units [share] value and reinvestment of all distributions [dividends] and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the mutual fund or returns on investment in the mutual fund. Investments in mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
- . Compound growth calculations are used only for the purpose of illustrating the effects of compound growth and are not intended to reflect future value of any mutual fund or returns on investment in any mutual fund.
- . Standard deviation is a measure of volatility; it shows how broadly the Fund's returns have varied over a given time period.