INVESTMENT DISCIPLINE

Derek Amery focuses on high quality Canadian issuers. He tactically manages duration, sector allocation and foreign currency exposure utilizing a broad range of risk management tools.

Marc-AndrƩ Gaudreau offers exposure to a broad range of credit asset classes using a rigorous security selection process and a full range of risk management tools to protect capital while targeting higher yields and capital gains over the course of a credit cycle.

Romas Budd and his team use a combination of investment strategies emphasizing fundamental and technical analytical techniques with the objective of generating risk adjusted total returns through both interest income and capital gains.

Dana Love takes a business owner approach and invests only when the market price deviates from a reasonable estimate of intrinsic value.

The Oversight Committee is responsible for monitoring at both the manager level and the overall Pool level.

PORTFOLIO MANAGEMENT

LITERATURE

PERFORMANCE

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

YTD20232022202120202019201820172016
-0.29.6-10.24.39.110.4-0.14.23.9

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

1 month3 months6 months1 year3 years5 years10 yearsInception
0.43.04.66.51.23.63.2

ASSET
ALLOCATION

As at 02/29/2024

valueholding
22.8%Corporate Bonds - CDN
15.1%Common Stocks-Foreign
11.5%Provincial Govt Bonds - CDN
11.0%Foreign Bonds & Debentures
10.2%Federal Govt Bonds - CDN
8.7%Common Stocks-CDN
8.1%Common Stocks-US
6.0%Cash, Short-Term Investments & Other Net Assets
3.8%Mutual Funds - Canadian Income
2.5%Canadian - Foreign Pay Bonds
0.2%Mutual Funds - Foreign Income
0.1%Other

GEOGRAPHIC
ALLOCATION

As at 02/29/2024

valueholding
59.6%Canada
18.3%United States
7.6%Continental Europe
2.9%Emerging Markets
2.8%United Kingdom
2.2%Pacific
0.6%Japan

SECTOR
ALLOCATION

As at 02/29/2024

valueholding
9.4%Financials
4.6%Consumer Discretionary
3.3%Industrials
3.1%Information Technology
2.6%Energy
2.3%Materials
1.8%Communication Services
1.3%Real Estate
1.2%Consumer Staples
1.2%Health Care
0.8%Index Based ETFs
0.5%Other

TOP EQUITY HOLDINGS (%)

As at 02/29/2024

QuƔlitas Controladora, S.A.B. de C.V.0.8
iShares iBoxx $ High Yield Corporate Bond ETF0.8
Microsoft Corporation0.7
Royal Bank of Canada0.7
3i Group PLC0.7
Bank of Nova Scotia (The)0.7
Enbridge Inc.0.6
Evolution Gaming Group AB0.6
Admiral Group PLC0.6
Toronto-Dominion Bank (The)0.6
Total allocation in top holdings6.8

TOP BOND HOLDINGS (%)

As at 02/29/2024

Government of Canada, 2.750% Jun. 01 331.6
Dynamic Short Term Credit PLUS Fund, Series "O"1.4
Scotia Mortgage Income Fund, Series "I"1.3
Government of Canada, 3.00% Jun. 01 341.3
Government of Canada, 3.250% Dec. 01 331.2
Province of Ontario, 2.65% Dec. 02 501.2
Canada Housing Trust, 3.650% Jun. 15 331.1
Dynamic Active Discount Bond ETF1.0
Province of Quebec, 3.10% Dec. 01 511.0
Province of Ontario, 3.650% Jun. 02 330.8
Total allocation in top holdings11.9

HISTORICAL DISTRIBUTIONS ($/unit)

2024
Feb
2024
Jan
DecNovOctSepAugJulJunMayAprMar
0.0407

DYNAMIC PREFERRED PRICING

Management fee rates are applied back to dollar one

Fund Value %
$0K - $250K0.570
$250K - $1M0.520
$1M - $5M0.495
$5M+0.445
Notes
  • 1. For the period ended 2023-06-30.
  • 2. 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
  • . The benchmark used for analytics for this fund is 70% FTSE Canada Universe Bond/15% Solactive GBS Developed Markets ex North America Large & Mid Cap Index/7.5% S&P/TSX Composite/7.5%S&P 500 Index.
    • . 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.
    • . 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 08:56:47 AM
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