PERFORMANCE
CALENDAR RETURNS (%) As at 03/31/2024
| YTD | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| ā | 4.5 | 0.9 | 4.0 | 5.0 | 2.5 | -2.0 | 5.1 | 3.1 |
COMPOUND RETURNS (%) As at 03/31/2024
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
|---|---|---|---|---|---|---|---|
| — | — | 0.2 | 3.3 | — | — | — | 3.8 |
MONTHLY RETURNS (%) As at 03/31/2024
| year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 1.4 | 1.3 | -1.5 | 0.7 | 0.5 | -0.1 | 0.5 | 0.3 | 1.1 | 1.0 | -0.8 | — |
| 2022 | -0.5 | -0.8 | 0.5 | -1.3 | -0.6 | -1.5 | 2.1 | 0.9 | -0.9 | 0.2 | 2.1 | 0.7 |
| 2021 | 0.9 | 0.4 | 0.7 | 0.9 | 0.3 | 0.2 | 0.1 | 0.2 | 0.0 | -0.1 | 0.1 | 0.2 |
| 2020 | 0.2 | -0.6 | -6.9 | 3.5 | 1.9 | 2.4 | 2.5 | 0.7 | -0.8 | 1.3 | 0.7 | 0.4 |
| 2019 | 0.5 | 0.5 | 0.1 | 0.7 | 0.1 | -0.1 | -0.1 | -0.5 | 0.3 | -0.1 | 0.1 | 0.5 |
| 2018 | 0.7 | -0.4 | -0.4 | -0.1 | -0.2 | -0.2 | 0.3 | -0.1 | 0.1 | -0.6 | -0.6 | -0.4 |
| 2017 | 1.6 | 0.3 | 0.1 | 1.2 | -0.1 | 0.3 | 0.5 | -0.1 | 0.3 | 0.1 | 0.3 | 0.1 |
| 2016 | -4.7 | -0.1 | 1.3 | 2.3 | 0.5 | 0.5 | 0.3 | 0.7 | 0.3 | 0.7 | 0.3 | 0.9 |
| 2015 | -0.2 | 1.1 | 0.1 | 1.1 | 0.7 | -0.6 | 0.3 | -0.4 | 0.5 | 0.1 | 0.5 | 4.6 |
| 2014 | 2.0 | 0.9 | 0.5 | 0.7 | 0.7 | -0.0 | -0.0 | 0.2 | -0.6 | 0.2 | 0.2 | 2.3 |
GEOGRAPHIC
ALLOCATION
As at 10/31/2023
| value | holding |
|---|---|
| Canada | |
| United States |
FIXED INCOME CHARACTERISTICS
| Yield to Maturity (%) | 6.40 |
| Current yield (%) | n/a |
| Duration (years) | n/a |
| Credit Duration (years) | n/a |
| Average credit rating | n/a |
| Weighted Average Price ($) | n/a |
| Average Coupon (%) | n/a |
COMPARATIVE ANALYSIS
| As at 10/31/2023 | Dynamic Credit Absolute Return I Fund Series A | Barclays HY VLI Index (CAD Hedged) | S&P/TSX Composite TR |
|---|---|---|---|
| Cumulative Return | n/a | n/a | |
| Annualized Return | 3.8% | 3.7% | 6.4% |
| Weighted Average Modified Duration | 0.0 | 4.0 | n/a |
| Maximum Drawdown | -7.7% | -16.0% | -14.4% |
| Standard Deviation | 4.3% | 8.0% | 12.2% |
| Sharpe Ratio | 0.6 | 0.3 | 0.4 |
| Correlation to Fund | n/a | 0.5 | 0.4 |
| Weighted Average Credit Rating | AA+ | B+ | n/a |
| % of positive months | |||
| Yield to Worst C$ | 6.4% | 7.2% | n/a |
CREDIT QUALITY4
As at 10/31/2023
| col1 | col12 | col3 |
|---|---|---|
| AAA -5.3% | BBB -9.9% | CCC 0.0% |
| AA -11.9% | BB 15.7% | NR 0.6% |
| A 111.7% | B -0.9% |
HISTORICAL DISTRIBUTIONS ($/unit)
| 2024 Mar | Feb | 2024 Jan | Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | 0.0241 | 0.0240 | 0.0240 | 0.0243 | 0.0236 | 0.0220 | 0.0260 |
- 1. Name change as of August 2023. Formerly Dynamic Credit Absolute Return Fund.
- 2. Not available for purchases, switches out only.
- 3. Freely tradable cash
- 4. as a % of long exposure
- . The benchmark used for analytics for this fund is 5% Hurdle Rate.
- . Information pertaining to the Dynamic Hedge Funds (the āFundsā) is not to be construed as a public offering of securities in any jurisdiction of Canada. The offering of units of each of the Funds is made pursuant to its respective Confidential Offering Memorandum only to those investors in jurisdictions of Canada who meet certain eligibility and/or minimum purchase requirements. Important information about each of the Funds, including a statement of their fundamental investment objectives, is contained in their respective Confidential Offering Memorandums, copies of which may be obtained from your investment advisor. Eligible investors should read the Fundsā Confidential Offering Memorandums carefully before deciding to purchase units.
- . Investments in the Funds are not guaranteed, their values change frequently and past performance may not be repeated. Unit values and investment returns will fluctuate and there is no assurance that the Funds can maintain a specific net asset value.
- . 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.