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

PERFORMANCE

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

YTD20232022202120202019201820172016
0.110.3-9.20.47.26.21.22.9

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

1 month3 months6 months1 year3 years5 years10 yearsInception
0.42.64.57.80.62.32.4

ASSET
ALLOCATION

As at 02/29/2024

valueholding
34.2%Corporate Bonds - CDN
19.9%Covered Puts
13.3%Provincial Govt Bonds - CDN
12.2%Federal Govt Bonds - CDN
7.8%Foreign Bonds & Debentures
3.1%Covered Calls
2.9%Common Stocks-US
2.7%Mutual Funds - Canadian Income
1.7%Mutual Funds - Foreign Income
1.3%Canadian - Foreign Pay Bonds
0.5%Mutual Funds - Foreign Equity
0.4%Other

GEOGRAPHIC
ALLOCATION

As at 02/29/2024

valueholding
67.3%Canada
31.2%United States
1.3%United Kingdom
0.7%Continental Europe
0.1%Pacific

SECTOR
ALLOCATION

As at 02/29/2024

valueholding
5.2%Health Care
3.9%Consumer Discretionary
3.8%Energy
3.8%Information Technology
3.7%Communication Services
3.2%Materials
1.4%Industrials
1.0%Financials
0.6%Consumer Staples
0.5%Foreign Equity Funds
0.2%Corporates
0.1%Other

TOP EQUITY HOLDINGS (%)

As at 02/29/2024

Meta Platforms, Inc., Class "A", Long Equities, Covered Calls, Covered Puts1.3
Amazon.com, Inc., Long Equities, Covered Puts1.0
Microsoft Corporation, Long Equities, Covered Calls, Covered Puts0.9
Take-Two Interactive Software, Inc., Covered Puts0.8
Huntsman Corporation, Long Equities, Covered Puts0.8
Medtronic PLC, Long Equities, Covered Puts0.8
Ball Corporation, Long Equities, Covered Calls, Covered Puts0.6
Cenovus Energy Inc., Long Equities, Covered Calls, Covered Puts0.6
UnitedHealth Group Incorporated, Long Equities, Covered Calls, Covered Puts0.6
Patterson-UTI Energy, Inc., Covered Puts0.6
Total allocation in top holdings8.0

TOP BOND HOLDINGS (%)

As at 02/29/2024

Government of Canada, 3.00% Jun. 01 342.0
Government of Canada, 3.250% Dec. 01 331.9
Canada Housing Trust, 3.650% Jun. 15 331.8
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
Province of Ontario, 3.650% Jun. 02 331.3
Province of Ontario, 2.65% Dec. 02 501.2
1832 AM U.S. $ Investment Grade U.S. Corporate Bond Pool, Series "I"1.1
Province of Quebec, 3.10% Dec. 01 511.0
Total allocation in top holdings14.6

CREDIT QUALITY

As at 02/29/2024

col1col12col3
AAA 13.4%BBB 4.2%Aa2 0.1%
AA 0.9%BB- 0.1%NR 5.0%
A 2.7%A2 0.2%

HISTORICAL DISTRIBUTIONS ($/unit)

2024
Feb
2024
Jan
DecNovOctSepAugJulJunMayAprMar
0.0032

DYNAMIC PREFERRED PRICING

Management fee rates are applied back to dollar one

Fund Value %
$0K - $250K0.550
$250K - $1M0.500
$1M - $5M0.475
$5M+0.425
Notes
  • 1. For the period ended 2023-06-30.
  • 2. Risk rating measures the degree of uncertainty that an investor can handle regarding fluctuations in the value of their portfolio. The amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial advisor before making a decision as to whether this pool is a suitable investment for them.
Disclaimer
  • . The benchmark used for analytics for this fund is 80% FTSE Canada Universe Bond Index / 10% CBOE S&P 500 BuyWrite Index (C$) / 10% CBOE S&P 500 PutWrite Index (C$).
  • . Distributions may consist of 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.
  • . 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 14:17:08 PM
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