• Access to an alternative portfolio strategy, that invests in diversified long and short positions of North American credit securities
  • Flexibility to use leverage to potentially enhance total returns while maintaining an investment grade credit rating
  • Low exposure to interest rate risk and a low correlation to traditional asset classes
  • Ability to generate returns throughout a complete credit cycle
 
YTD 2022 2021 2020
-2.0 3.1 5.6
1 mo 3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs Incep
-1.2 -1.4 -1.8 -1.1 - - - 2.5
 
As at 04/30/22
As at 04/30/22  
Investment Grade 224.3
High Yield 78.0
Bank Loans 0.0
Cash, Short-Term Investments & Other Net Assets 10.7
Government Bonds -212.4
Equity 0.0
Preferred Stocks-CDN 0.0
Preferred Stocks-USD 0.0
Other -0.7

Freely tradable cash 7.60%

As at 04/30/22
TORONTO-DOMINION BANK 18.0
GOLDMAN SACHS GROUP INC 14.3
BANK OF AMERICA CORP 14.1
WELLS FARGO & COMPANY 14.0
BANK OF NOVA SCOTIA 13.1
73.5
As at 04/30/22 Actual Limit
Total Exposure 0.9 2x
Leverage Achieved with Derivatives 0.0 2x
Equity Exposure 0.0% 50% NAV
Equity Short Sales 0.0% 50% NAV
As at 04/30/22 Long Short Net
Investment Grade 267.4 -43.1 224.3
High Yield 78.0 0.0 78.0
Bank Loans 0.0 0.0 0.0
Cash, Short-Term Investments & Other Net Assets 10.7 0.0 10.7
Government Bonds 0.7 -213.1 -212.4
Equity 0.0 0.0 0.0
Preferred Stocks-CDN 0.0 0.0 0.0
Preferred Stocks-USD 0.0 0.0 0.0
Other 82.9 -83.6 -0.7
Total 439.7 -339.7 100.0
As at 04/30/22 Long Short Net
AAA 31.5 -213.1 -181.5
AA 5.2 0.0 5.2
A 137.4 -9.9 127.5
BBB 104.6 -33.2 71.4
BB 67.3 0.0 67.3
B 10.7 0.0 10.7
CCC 0.0 0.0 0.0
NR 82.9 -83.6 -0.7
Total 439.7 -339.7 100.0
As at 04/30/22
AAA -181.5% BBB 71.4% CCC 0.0%
AA 5.2% BB 67.3% NR -0.7%
A 127.5% B 10.7%
 
2022
Apr
Mar Feb Jan 2021
Dec
Nov Oct Sep Aug Jul Jun May
0.0245 0.0245 0.0245 0.0245 0.3656 0.0245 0.0245 0.0245 0.0245 0.0245 0.0245 0.0245
 
Management fee rates are applied back to dollar one
Fund Value %
$0K - $250K 1.800
$250K - $1MM 1.725
$1MM - $5MM 1.675
$5MM + 1.625
Notes

1. This monthly distribution is fixed but not guaranteed and may be adjusted from time to time at the discretion of the fund manager.

2. Freely tradable cash 7.60%

3 MER For the period ended June 30, 2021.

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.

5. 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 fund’s year-end.

Disclaimer

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.

Dynamic Fund Profile rendered at 2022-05-28 03:53:41 PM

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