• 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 2020
4.3
1 mo 3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs Incep
1.2 6.8 4.4 5.2 - - - 4.7
 
As at 08/31/20
As at 08/31/20  
Investment Grade 230.9
High Yield 16.1
Bank Loans 0.0
Cash, Short-Term Investments & Other Net Assets 67.1
Government Bonds -212.6
Equity 0.0
Preferred Stocks-CDN -1.5
Preferred Stocks-USD 0.0
Options -0.1

Freely tradable cash 38.50%

As at 08/31/20
Enbridge Inc. 15.5
Wells Fargo 15.1
Bank of Montreal 12.7
Royal Bank 12.3
Pembina Pipelines Corp. 11.6
67.2
As at 08/31/20 Actual Limit
Total Exposure 0.3 2x
Leverage Achieved with Derivatives 0.0 2x
Equity Exposure 0.0% 50% NAV
Equity Short Sales 1.5% 50% NAV
As at 08/31/20 Long Short Net
Investment Grade 246.5 -15.6 230.9
High Yield 20.0 -3.8 16.1
Bank Loans 0.0 0.0 0.0
Cash, Short-Term Investments & Other Net Assets 67.1 0.0 67.1
Government Bonds 1.3 -213.9 -212.6
Equity 0.0 0.0 0.0
Preferred Stocks-CDN 0.0 -1.5 -1.5
Preferred Stocks-USD 0.0 0.0 0.0
Options 13.2 -13.4 -0.1
Total 348.1 -248.1 100.0
As at 08/31/20 Long Short Net
AAA 47.0 -213.9 -166.9
AA 20.2 0.0 20.2
A 103.7 -6.3 97.3
BBB 144.0 -9.3 134.7
BB 20.0 -10.6 9.3
B 0.0 0.0 0.0
CCC 0.0 0.0 0.0
NR 13.2 -8.0 5.2
Total 348.1 -248.1 100.0
As at 08/31/20
AAA -166.9% BBB 134.7% CCC 0.0%
AA 20.2% BB 9.3% NR 5.2%
A 97.3% B 0.0%
 
2020
Aug
Jul Jun May Apr Mar Feb Jan 2019
Dec
Nov Oct Sep
0.0428 0.0428 0.0428 0.0428 0.0428 0.0428 0.0428 0.0428 0.0428 0.0428 0.0428 0.0428
 
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. Freely tradable cash 38.50%

3. 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.

FOR ADVISOR USE ONLY.

Dynamic Fund Profile rendered at 2020-09-22 10:40:13 AM

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