WHY INVEST IN DYNAMIC CORPORATE BOND STRATEGIES FUND

  • Diversified portfolio of North American primarily investment grade corporate bonds and income-generating strategies.
  • Active management of credit, currency and interest rate risk.
  • For clients who want active corporate bond exposure with a higher distribution.

PORTFOLIO MANAGEMENT

LITERATURE

PERFORMANCE

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

YTD20232022202120202019201820172016
-0.38.3-12.1-1.57.87.2

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

1 month3 months6 months1 year3 years5 years10 yearsInception
-0.03.35.06.7-1.71.21.3

ASSET
ALLOCATION

As at 02/29/2024

valueholding
61.0%Corporate Bonds - CDN
24.5%Corporate Bonds - US
7.7%High Yield Bonds ā€“ CDN
2.6%Federal Govt Bonds - CDN
1.7%High Yield Bonds - US
1.7%Govt Bonds - US
0.9%Cash, Short-Term Investments & Other Net Assets

GEOGRAPHIC
ALLOCATION

As at 02/29/2024

valueholding
71.5%Canada
28.5%United States

SECTOR
ALLOCATION

As at 02/29/2024

valueholding
33.1%Financials
22.3%Energy
14.1%Communication Services
12.4%Utilities
5.6%Real Estate
4.2%Consumer Discretionary
2.3%Industrials
1.8%Foreign
1.4%Information Technology
1.1%Health Care
0.8%Communications
0.7%Other

TOP BOND HOLDINGS (%)

As at 02/29/2024

Enbridge, 5.375% Sep. 27 771.7
Inter Pipeline, 3.983% Nov. 25 311.6
AerCap, 3.30% Jan. 30 321.6
Charter Communications, 3.90% Jun. 01 521.3
ENMAX, 3.836% Jun. 05 28, Series 41.2
Meta, 4.450% Aug. 15 521.2
Toronto-Dominion Bank, 4.680% Jan. 08 291.2
Bank of America, 5.540% Jan. 23 351.2
United States Treasury, 4.125% Feb. 15 271.1
Rogers, 5.00% Dec. 17 811.1
Total allocation in top holdings13.2

FIXED INCOME CHARACTERISTICS

Yield to Maturity (%)5.59
Current yield (%)4.78
Duration (years)5.52
Credit Duration (years)5.93
Average credit ratingBBB+
Weighted Average Price ($)96.50
Average Coupon (%)4.61

CREDIT QUALITY

As at 02/29/2024

col1col12col3
AAA 3.8%A 17.1%BB 9.6%
AA 2.5%BBB 67.1%B-N/R 0.0%

HISTORICAL DISTRIBUTIONS ($/unit)

2024
Feb
2024
Jan
DecNovOctSepAugJulJunMayAprMar
0.03320.03320.03230.03230.03230.03230.03230.03230.03230.03230.03230.0323

DYNAMIC PREFERRED PRICING

Management fee rates are applied back to dollar one

Fund Value %
$0K - $250K1.400
$250K - $1M1.350
$1M - $5M1.325
$5M+1.275
Notes
  • 1. For the period ended 2023-06-30.
  • 2. We review the amount of the distribution in January of each year.
  • 3. The yield is determined by annualizing the fixed distribution rate and does not include any distributions in excess of the fixed distribution rate that may be paid at the fundā€™s year-end.
  • 4. Risk rating measures the degree of uncertainty that an investor can handle regarding fluctuations in the value of their portfolio. The amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial advisor before making a decision as to whether this mutual fund is a suitable investment for them.
Disclaimer
  • . The benchmark used for analytics for this fund is 75% FTSE Canada Corporate Universe / 25% ICE BofA US Corporate Master C$ Hedged.
  • . 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 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.
  • . R2 is a measurement out of 100 that shows the extent to which a portfolioā€™s movements can be explained by the benchmark's movements.
  • . Standard deviation is a measure of volatility; it shows how broadly the Fund's returns have varied over a given time period.
Dynamic Fund Profile rendered at 2024-03-28 15:48:03 PM
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