Investment Discipline
- 30% Dynamic Active Core Bond Private Pool focuses on high quality Canadian issuers. The manager tactically manages duration, sector allocation and foreign currency exposure utilizing a broad range of risk management tools.
- 30% Dynamic Tactical Bond Private Pool uses a combination of investment strategies emphasizing fundamental and technical analysis with the objective of generating risk adjusted total returns through both interest income and capital gains.
- 20% Dynamic Corporate Bond Strategies Fund, a diversified portfolio of mostly North American investment grade corporate bonds with potential to add incremental high-yield upgrade candidates. Includes active management of credit and interest rate risk.
- 20% Dynamic Premium Yield Fund, a unique portfolio strategy of writing covered options provides equity exposure with potentially reduced volatility and generates distributions by collecting premiums from writing options.
Portfolio Management
Literature
Calendar Returns (%) As at 04/30/22
YTD 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
---|---|---|---|---|---|
-8.3 | 0.4 | 7.2 | 6.1 | 1.2 | 2.9 |
Compound Returns (%) As at 04/30/22
1 mo | 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | Incep |
---|---|---|---|---|---|---|---|
-3.0 | -6.1 | -6.4 | -6.4 | 0.2 | 1.3 | - | 1.6 |
Asset
Allocation
As at 04/30/22 |
---|
Geographic
Allocation
As at 04/30/22 |
---|
Sector
Allocation
As at 04/30/22 | As at 12/31/21 |
---|
Top 10 Equity Holdings (%)
As at 04/30/22 | |
---|---|
Cenovus Energy Inc., Long Equities, Covered Calls | 1.2 |
Amazon.com, Inc., Long Equities | 1.0 |
Dynamic Premium Yield PLUS Fund, Series "O" | 1.0 |
Uber Technologies, Inc., Long Equities, Covered Puts | 0.9 |
Alphabet Inc., Class "A", Long Equities, Covered Puts | 0.7 |
Burlington Stores, Inc., Long Equities, Covered Puts | 0.7 |
Centene Corporation, Long Equities, Covered Calls, Covered Puts | 0.7 |
Patterson-UTI Energy, Inc., Long Equities, Covered Puts | 0.7 |
Boston Scientific Corporation, Long Equities, Covered Puts | 0.6 |
Halliburton Company, Long Equities, Covered Puts | 0.6 |
Total allocation in top holdings | 8.1 |
Top 10 Bond Holdings (%)
As at 04/30/22 | |
---|---|
Government of Canada, 1.50% Dec. 01 31 | 2.9 |
Scotia Mortgage Income Fund, Series "I" | 2.9 |
Canada Housing Trust, 1.60% Dec. 15 31 | 1.8 |
Government of Canada, 2.00% Dec. 01 51 | 1.5 |
Province of British Columbia, 2.20% Jun. 18 30 | 1.5 |
Province of Ontario, 2.55% Dec. 02 52 | 1.4 |
Canada Housing Trust, 1.75% Jun. 15 30 | 1.2 |
Government of Canada, 2.00% Dec. 01 51 | 1.2 |
1832 AM U.S. $ Investment Grade U.S. Corporate Bond Pool, Series "I" | 1.0 |
Government of Canada, 1.25% Mar. 01 27 | 1.0 |
Total allocation in top holdings | 16.4 |
Credit Quality
As at 04/30/22 | ||
---|---|---|
AAA 14.1% | A+ 7.7% | BB+ 1.2% |
AA- 3.0% | A 1.8% | BB 0.7% |
AA+ 2.8% | BBB+ 18.9% | BB- 0.3% |
AA 0.8% | BBB- 9.1% | NR 4.6% |
A- 8.1% | BBB 4.1% |
Historical Distributions ($/unit)
2022 Apr |
Mar | Feb | Jan | 2021 Dec |
Nov | Oct | Sep | Aug | Jul | Jun | May |
---|---|---|---|---|---|---|---|---|---|---|---|
0.0333 | 0.0333 | 0.0333 | 0.0333 | 0.0333 | 0.0333 | 0.0333 | 0.0333 | 0.0333 | 0.0333 | 0.0333 | 0.0333 |
Dynamic Preferred Pricing
Management fee rates are applied back to dollar one | |
---|---|
Fund Value | % |
$0K - $250K | 0.550 |
$250K - $1MM | 0.500 |
$1MM - $5MM | 0.475 |
$5MM + | 0.425 |