PORTFOLIO MANAGEMENT
PERFORMANCE
CALENDAR RETURNS (%) As at 03/31/2024
YTD | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
---|---|---|---|---|---|---|---|---|
-0.3 | 6.1 | -12.2 | 0.0 | 7.6 | 5.2 | -0.5 | 0.1 | 1.6 |
COMPOUND RETURNS (%) As at 03/31/2024
1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
---|---|---|---|---|---|---|---|
0.8 | -0.3 | 7.4 | 3.6 | -1.3 | 0.5 | 0.9 | 1.9 |
ASSET
ALLOCATION
As at 03/31/2024
value | holding |
---|---|
32.6% | Corporate Bonds - CDN |
14.4% | Provincial Govt Bonds - CDN |
13.2% | Real return bonds |
11.6% | High Yield Bonds - US |
8.1% | High Yield Bonds – CDN |
7.7% | Federal Govt Bonds - CDN |
6.1% | Govt Bonds - US |
5.6% | Corporate Bonds - US |
0.9% | Cash, Short-Term Investments & Other Net Assets6 |
GEOGRAPHIC
ALLOCATION
As at 03/31/2024
value | holding |
---|---|
76.7% | Canada |
22.1% | United States |
1.2% | Ireland |
SECTOR
ALLOCATION
As at 03/31/2024
value | holding |
---|---|
28.7% | Financials |
19.7% | Energy |
11.4% | Communication Services |
9.9% | Foreign |
9.1% | Utilities |
6.9% | Real Estate |
6.1% | Consumer Discretionary |
2.3% | Industrials |
1.9% | Materials |
1.8% | Health Care |
0.4% | Information Technology |
1.0% | Other |
TOP BOND HOLDINGS (%)
As at 03/31/2024
United States Treasury, 2.75% Aug. 15 32 | 6.6 |
Government of Canada, 2.750% Jun. 01 33 | 4.3 |
Province of Ontario, 2.65% Dec. 02 50 | 3.6 |
Province of Quebec, 3.10% Dec. 01 51 | 3.3 |
Videotron, 4.50% Jan. 15 30 | 1.6 |
Videotron, 5.75% Jan. 15 26 | 1.5 |
Government of Canada, 2.750% Dec. 01 55 | 1.1 |
Province of New Brunswick, 5.00% Aug. 14 54 | 1.0 |
Province of Nova Scotia, 3.15% Dec. 01 51 | 0.9 |
United States Treasury, 3.00% Aug. 15 52 | 0.9 |
Total allocation in top holdings | 24.8 |
FIXED INCOME CHARACTERISTICS
Yield to Maturity (%) | 4.53 |
Current yield (%) | 3.94 |
Duration (years) | 7.28 |
Credit Duration (years) | 4.05 |
Average credit rating | BBB+ |
Weighted Average Price ($) | 96.18 |
Average Coupon (%) | 3.79 |
CREDIT QUALITY7
As at 03/31/2024
col1 | col12 | col3 |
---|---|---|
AAA 17.6% | A 12.7% | BB 13.6% |
AA 17.0% | BBB 32.2% | B-N/R 6.8% |
HISTORICAL DISTRIBUTIONS ($/unit)
2024 Apr | Mar | Feb | Jan | 2023 Dec | Nov | Oct | Sep | Aug | Jul | Jun | May |
---|---|---|---|---|---|---|---|---|---|---|---|
0.0116 | 0.0116 | 0.0116 | 0.0116 | 0.0230 | 0.0099 | 0.0099 | 0.0099 | 0.0099 | 0.0099 | 0.0099 | 0.0099 |
DYNAMIC PREFERRED PRICING
Management fee rates are applied back to dollar one
Fund Value | % |
---|---|
$0K - $250K | 1.200 |
$250K - $1M | 1.150 |
$1M - $5M | 1.125 |
$5M+ | 1.075 |
- 1. For the period ended 2023-06-30.
- 2. This Monthly distribution is fixed but not guaranteed and may be adjusted from time to time at the discretion of the fund manager.
- 3. The yield is determined by annualizing the fixed distribution rate and does not include any distributions in excess of the fixed distribution rate that may be paid at the fund’s year-end.
- 4. Risk rating measures the degree of uncertainty that an investor can handle regarding fluctuations in the value of their portfolio. The amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial advisor before making a decision as to whether this mutual fund is a suitable investment for them.
- 5. Not available for purchases, switches out only.
- 6. Freely tradable cash
- 7. Credit Profile excludes holding in Dynamic High Yield Bond Fund
- . The benchmark used for analytics for this fund is 65% FTSE Canada Universe Bond Index / 15% FTSE Canada Real Return Bond Index / 20% ICE BofA US High Yield Master II Index (C$ Hedged).
- . Distributions may consist of net income, dividends, net realized capital gains, and/or return of capital. Distributions are not guaranteed and investors should not confuse a fund’s distribution yield with its performance or rate of return.
- . 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.
- . Standard deviation is a measure of volatility; it shows how broadly the Fund's returns have varied over a given time period.