Dynamic Sustainable Credit Fund

Seeks to provide income and the potential for capital appreciation from an actively managed and diversified portfolio of primarily North American investment grade fixed income securities from issuers who are engaged in the development of a sustainable economy.
Takes a positive inclusion approach to selecting fixed-income opportunities of issuers who are involved in certain sustainability themes that are focused on making a positive contribution to society.
Applies a fundamental, risk-reward approach to ensure prudent portfolio construction.

Growth of $

YTD	2023	2022	2021	2020	2019	2018	2017	2016
-2.2	6.3	—	—	—	—	—	—	—

1 month	3 months	6 months	1 year	3 years	5 years	10 years	Inception
-1.8	-1.8	5.4	0.5	—	—	—	-3.0

value	holding
43.6%	Corporate Bonds - US
40.8%	Corporate Bonds - CDN
5.3%	Federal Govt Bonds - CDN
3.9%	Cash, Short-Term Investments & Other Net Assets
2.5%	High Yield Bonds - US
2.4%	High Yield Bonds – CDN
1.1%	Provincial Govt Bonds - CDN
0.6%	Govt Bonds - US

value	holding
50.6%	Canada
49.4%	United States

Dominion Energy, 2.25% Aug. 15 31	2.0
DTE Electric, 2.625% Mar. 01 31, Series C	2.0
Duke Energy, 3.50% Jun. 15 51	2.0
NextEra Energy, 3.00% Jan. 15 52	2.0
Tucson Electric, 3.05% Mar. 15 25	1.9
Ventas Realty, 4.75% Nov. 15 30	1.9
Waste Management, 3.15% Nov. 15 27	1.9
Fortis, 3.055% Oct. 04 26	1.9
Kimco Realty, 2.80% Oct. 01 26	1.9
Royal Bank of Canada, 1.936% May 01 25	1.8
Total allocation in top holdings	19.3

col1	col12	col3
AAA 9.2%	A 32.6%	BB 4.9%
AA 4.2%	BBB 49.2%	B-N/R 0.0%

^1. Name change as of June 28, 2022. Formerly Dynamic Sustainable Credit Private Pool
^2. For the period ended 2023-06-30.
^3. This fund series pays distributions at a variable rate. Accordingly, it is possible that the series may not pay a distribution in a given payment period. Distributions are not guaranteed and may be adjusted from time to time at the discretion of the fund manager.
^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.

^. 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.