WHY INVEST IN DYNAMIC ACTIVE DISCOUNT BOND ETF

  • Seeks to generate tax-efficient returns relative to its benchmark through active credit selection of discount investment-grade bonds
  • Provide investors a regular monthly income stream
  • Relative to its benchmark, the ETF’s discounted price strategy can improve capital protection

PORTFOLIO MANAGEMENT

LITERATURE

PERFORMANCE

CALENDAR RETURNS (%) As at 01/31/2024

YTD20232022202120202019201820172016
-0.37.1

COMPOUND RETURNS (%) As at 01/31/2024

1 month3 months6 months1 year3 years5 years10 yearsInception
-0.35.65.34.17.0

ASSET
ALLOCATION

As at 01/31/2024

valueholding
91.7%Investment Grade Bonds
8.2%Government Bonds
0.1%Cash, Short-Term Investments & Other Net Assets
0.0%High yield bonds

GEOGRAPHIC
ALLOCATION

As at 01/31/2024

valueholding
99.6%Canada
0.4%United States

SECTOR
ALLOCATION

As at 01/31/2024

valueholding
49.4%Financial
24.4%Energy
10.9%Industrial
8.4%Federal
7.0%Communications
0.0%Real Estate
0.0%Infrastructure
0.0%Securitization
0.0%Provincial

TOP BOND HOLDINGS (%)

As at 01/31/2024

Government of Canada, 0.50% Dec. 01 305.9
Pembina Pipeline Corporation, 3.31% Feb. 01 30, Series 156.0
Goldman Sachs Group, Inc. (The), 2.013% Feb. 28 295.0
Wells Fargo & Company, 2.493% Feb. 18 274.6
Toronto-Dominion Bank (The), 1.888% Mar. 08 284.6
Rogers Communications Inc., 2.90% Dec. 09 304.1
Royal Bank Of Canada, 4.632% May 01 283.9
Canadian Imperial Bank of Commerce, 2.25% Jan. 07 273.9
Bank of Nova Scotia (The), 1.40% Nov. 01 273.8
Enbridge Inc., 2.99% Oct. 03 293.6
Total allocation in top holdings-

TOP 10 ISSUERS (%)

As at 01/31/2024

col1col2
Government of Canada8.2
Pembina Pipeline6.1
TD5.9
Bank of Nova Scotia5.9
Rogers Communication5.6
Goldman Sachs Group5.5
Bank of Montreal5.2
Bank of America Corp.4.8
Wells Fargo4.6
Tourmaline Oil Corp.4.4
Total allocation in top holdings56.2

FIXED INCOME CHARACTERISTICS

Yield to Maturity (%)4.60
Current yield (%)2.85
Duration (years)4.14
Credit Duration (years)3.65
Average credit ratingA-
Weighted Average Price ($)92.34
Average Coupon (%)2.67

CREDIT QUALITY

As at 01/31/2024

col1col12col3
AAA 8.3%BBB 44.2%CCC 0.0%
AA 1.9%BB 0.0%D 0.0%
A 45.6%B 0.0%NR 0.0%

HISTORICAL DISTRIBUTIONS ($/unit)

2024
Feb
2024
Jan
DecNovOctSepAugJulJunMayAprMar
0.07500.07500.07500.07500.07500.07500.07500.07500.07500.07500.07500.0750

Notes
  • 1. Distribution Reinvestment Plan (“DRIP”) is available, allowing investors to reinvest cash distributions, provided that the Advisor’s brokerage firm supports participation in the DRIP. Cash distributions are declared at the sole discretion of the manager and are not guaranteed.
  • 2. 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 fund’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 Funds® 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 2024-03-01 13:21:04 PM
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