WHY INVEST IN DYNAMIC ACTIVE TACTICAL BOND ETF

  • Gain access to an investment strategy emphasizing fundamental and technical analysis with the objective of generating risk adjusted total returns
  • The managers will develop a tactical and strategic view on interest rates as well as the shape of the yield curve and position the portfolio accordingly
  • Flexible mandate allows for tactically trading positions to seek additional growth through capital gains in addition to interest income
  • Strategies to mitigate risk include active security selection, sector diversification, yield curve and duration management and portfolio diversification around interest rate volatility

PORTFOLIO MANAGEMENT

LITERATURE

PERFORMANCE

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

YTD20232022202120202019201820172016
-1.67.9-11.3-2.68.35.61.5

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

1 month3 months6 months1 year3 years5 years10 yearsInception
-0.52.03.83.9-1.90.71.2

ASSET
ALLOCATION

As at 02/29/2024

valueholding
27.4%Govt Bonds - US
26.5%Corporate Bonds - CDN
21.8%Provincial Govt Bonds - CDN
13.4%Federal Govt Bonds - CDN
7.4%Cash, Short-Term Investments & Other Net Assets
1.5%Corporate Bonds - US
0.9%Foreign Bonds - Other
0.8%High Yield Bonds ā€“ CDN
0.3%High Yield Bonds - US

GEOGRAPHIC
ALLOCATION

As at 02/29/2024

valueholding
67.8%Canada
31.3%United States
0.9%Other

SECTOR
ALLOCATION

As at 02/29/2024

valueholding
47.6%Foreign
25.3%Financials
7.2%Energy
6.5%Utilities
6.1%Communication Services
3.3%Consumer Discretionary
2.9%Real Estate
0.5%Industrials
0.4%Health Care
0.2%Corporates

TOP BOND HOLDINGS (%)

As at 02/29/2024

United States Treasury, 4.50% Nov. 15 3326.3
Province of Ontario, 3.650% Jun. 02 3311.8
Government of Canada, 2.25% Dec. 01 295.4
Government of Canada, 1.25% Mar. 01 274.0
Province of Quebec, 2.85% Dec. 01 533.0
Canada Housing Trust, 3.650% Jun. 15 332.3
Province of Quebec, 3.60% Sep. 01 331.6
Government of Canada, 3.00% Jun. 01 341.3
Province of British Columbia, 4.25% Dec. 18 531.2
Manulife, 4.061% Feb. 24 321.2
Total allocation in top holdings58.1

FIXED INCOME CHARACTERISTICS

Yield to Maturity (%)4.36
Current yield (%)3.70
Duration (years)4.08
Credit Duration (years)4.19
Average credit ratingAA-
Weighted Average Price ($)97.37
Average Coupon (%)3.61

CREDIT QUALITY

As at 02/29/2024

col1col12col3
AAA 22.5%A 8.8%BB 1.1%
AA 49.0%BBB 18.6%B-N/R 0.0%

HISTORICAL DISTRIBUTIONS ($/unit)

2024
Feb
2024
Jan
DecNovOctSepAugJulJunMayAprMar
0.06400.06400.20920.04500.04500.04500.04500.04500.04500.04500.04500.0450

Notes
  • 1. for the period ended December 31, 2022.
  • 2. Distribution Reinvestment Plan (ā€œDRIPā€) is available, allowing investors to reinvest cash distributions, provided that the Advisorā€™s brokerage firm supports participation in the DRIP. Cash distributions are declared at the sole discretion of the manager and are not guaranteed.
  • 3. At least once each year, the Fund will distribute all net taxable income to investors. These distributions will either be paid in cash or reinvested in the Fund, as may be determined by the Manager from time to time. These distributions will consist primarily of distributions received from the securities held within the Fund less Fund expenses, plus any realized capital gains generated from securities transactions within the Fund. The amounts of past distributions are shown above. The characterization of distributions for tax purposes (such as dividends, other income, capital gains etc.) for each period will be reported only after the Fund's tax year end. For tax purposes, these amounts will be reported by brokers on official tax statements.
  • 4. 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 ETFā€™s year end.
  • 5. All investments involve risk. The value of the Fund can go down as well as up and you could lose money. The Manager has rated the risk of this Fund based on industry standard risk rating guidelines. For more information about the specific risks of this Fund and its risk rating, see the fundā€™s prospectus, including the disclosure under the headings "Risk Factors" and "Risk Ratings of the Funds".
Disclaimer
  • . Commissions, management fees and expenses all may be associated with mutual fund investments, including ETFs. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or operational charges or income taxes payable by any securityholder that would have reduced returns. Mutual Funds funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
  • . The information herein does not constitute specific advice regarding your personal investment situation or provide specific individual advice about investment, financial, legal, accounting, tax or similar matters. Please contact your financial advisor on your particular circumstances.
  • . Dynamic FundsĀ® is a registered trademark of its owner, used under license and a division of 1832 Asset Management L.P.
  • . The Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses, were deducted. As a result of the risks and limitations inherent in hypothetical performance data, hypothetical results may differ from actual performance.
Dynamic Fund Profile rendered at 2024-03-28 14:14:50 PM
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