INVESTMENT DISCIPLINE

  • A one-stop core Canadian fixed income solution
  • Outsource the active management of sector allocation, security selection and interest rate risk to an experienced portfolio manager
  • Benefit from the experience and deep knowledge of a dedicated, internal credit research team

PORTFOLIO MANAGEMENT

LITERATURE

PERFORMANCE

CALENDAR RETURNS (%) As at 02/29/2024

YTD20232022202120202019201820172016
-1.26.7-11.6-2.57.85.21.60.21.1

COMPOUND RETURNS (%) As at 02/29/2024

1 month3 months6 months1 year3 years5 years10 yearsInception
-0.12.34.14.2-2.00.41.0

ASSET
ALLOCATION

As at 02/29/2024

valueholding
57.6%Corporate Bonds - CDN
25.5%Provincial Govt Bonds - CDN
11.2%Federal Govt Bonds - CDN
1.6%Corporate Bonds - US
1.3%Govt Bonds - US
1.2%Real return bonds
0.9%High Yield Bonds ā€“ CDN
0.7%Cash, Short-Term Investments & Other Net Assets
0.1%High Yield Bonds ā€“ US

GEOGRAPHIC
ALLOCATION

As at 02/29/2024

valueholding
97.6%Canada
2.4%United States

SECTOR
ALLOCATION

As at 02/29/2024

valueholding
41.7%Financials
13.1%Energy
12.7%Real Estate
11.7%Utilities
8.0%Communication Services
4.5%Consumer Discretionary
4.3%Foreign
3.1%Industrials
0.6%Corporates
0.4%Health Care

TOP BOND HOLDINGS (%)

As at 02/29/2024

Government of Canada, 2.750% Jun. 01 335.6
Dynamic Short Term Credit PLUS Fund, Series "O"4.9
Province of Ontario, 2.65% Dec. 02 504.1
Province of Quebec, 3.10% Dec. 01 513.4
Province of Ontario, 2.90% Jun. 02 492.5
Province of Ontario, 3.75% Jun. 02 322.2
United States Treasury, 2.75% Aug. 15 322.2
Bank of Nova Scotia, 2.836% Jul. 03 292.1
Government of Canada, 2.750% Dec. 01 552.0
CPPIB Capital, 3.95% Jun. 02 321.7
Total allocation in top holdings30.7

FIXED INCOME CHARACTERISTICS

Yield to Maturity (%)4.71
Current yield (%)3.87
Duration (years)7.14
Credit Duration (years)3.98
Average credit ratingA
Weighted Average Price ($)96.77
Average Coupon (%)3.69

CREDIT QUALITY

As at 02/29/2024

col1col12col3
AAA 16.2%A 21.1%BB 0.9%
AA 23.5%BBB 38.1%B-N/R 0.1%

HISTORICAL DISTRIBUTIONS ($/unit)

2024
Feb
2024
Jan
DecNovOctSepAugJulJunMayAprMar
0.02910.02910.04220.02190.02190.02190.02190.02190.02190.02190.02190.0219

DYNAMIC PREFERRED PRICING

Management fee rates are applied back to dollar one

Fund Value %
$0K - $250K0.450
$250K - $1M0.400
$1M - $5M0.375
$5M+0.325
Notes
  • 1. For the period ended 2023-06-30.
  • 2. This Monthly distribution is fixed but not guaranteed and may be adjusted from time to time at the discretion of the fund manager.
  • 3. The yield is determined by annualizing the fixed distribution rate and does not include any distributions in excess of the fixed distribution rate that may be paid at the fundā€™s year-end.
  • 4. 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 pool is a suitable investment for them.
Disclaimer
    • . Distributions may consist of net income, dividends, net realized capital gains, and/or return of capital. Distributions are not guaranteed and investors should not confuse a fundā€™s distribution yield with its performance or rate of return.
    • . Commissions, trailing commissions, management fees and expenses all may be associated with investments in pools. 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 pool or returns on investment in the pool. Investments in pools 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.
        Dynamic Fund Profile rendered at 2024-03-28 18:38:18 PM
        1786

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