• 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

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

 
As at 06/30/20
As at 06/30/20  
Investment Grade 287.0
High Yield 16.1
Bank Loans 0.0
Cash, Short-Term Investments & Other Net Assets 50.3
Government Bonds -251.9
Equity 0.0
Preferred Stocks-CDN -1.6
Preferred Stocks-USD 0.0
Options 0.1
As at 06/30/20
Enbridge Inc. 17.6
Wells Fargo 16.7
Gibson Energy 16.1
Royal Bank 15.8
TD Bank 15.1
81.4
As at 06/30/20 Actual Limit
Total Exposure 0.5 2x
Leverage Achieved with Derivatives 0.0 2x
Equity Exposure 0.0% 50% NAV
Equity Short Sales 1.6% 50% NAV
As at 06/30/20 Long Short Net
Investment Grade 304.5 -17.5 287.0
High Yield 19.1 -3.0 16.1
Bank Loans 0.0 0.0 0.0
Cash, Short-Term Investments & Other Net Assets 50.3 0.0 50.3
Government Bonds 1.5 -253.4 -251.9
Equity 0.0 0.0 0.0
Preferred Stocks-CDN 0.0 -1.6 -1.6
Preferred Stocks-USD 0.0 0.0 0.0
Options 9.4 -9.3 0.1
Total 384.8 -284.8 100.0
As at 06/30/20 Long Short Net
AAA 54.5 -253.4 -198.9
AA 45.0 0.0 45.0
A 103.8 -7.1 96.7
BBB 152.9 -10.4 142.6
BB 19.1 -4.6 14.5
B 0.0 0.0 0.0
CCC 0.0 0.0 0.0
NR 9.4 -9.3 0.1
Total 384.8 -284.8 100.0
As at 06/30/20
AAA -198.9% BBB 142.6% CCC 0.0%
AA 45.0% BB 14.5% NR 0.1%
A 96.7% B 0.0%
 
 
Management fee rates are applied back to dollar one
Fund Value %
$0K - $250K 0.800
$250K - $1MM 0.725
$1MM - $5MM 0.675
$5MM + 0.625
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. 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.

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 2020-08-13 03:55:44 AM

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