(As of 11/30/2025)

Dynamic Financial Services Fund Series A

(Financial Services Equity)
FundGrade A+® Rating recipient
For more information about FundGrade click here
2020
2019
2018
2017



Inception Return
(3/31/1997)
9.30 %
YTD Return 17.02 %
NAVPS
(12/30/2025)
$35.43
Change ($0.08) / -0.21 %
Growth of $10,000 (As of November 30, 2025)
MER 2.45 %
Assets ($mil) $417.49
Rank (1Yr) 46/71
Std Dev (3Yr) 15.18 %
Volatility Ranking (3Yr) 8/10
RRSP Eligibility Yes
Load Choice of Front or No Load
Max Front End 5.00 %
Max Back End 6.00 %
Sales Status Open
 
Objective
Dynamic Financial Services Fund seeks to maximize return over the long-term in a manner consistent with the preservation of capital through investments primarily in Canadian companies that are involved in the financial services and wealth management sectors. Before a fundamental change is made to the investment objective of the Fund, the prior approval of unitholders is required. This approval must be given by a resolution passed by a majority of the votes cast at a meeting of unitholders
Fund Manager

1832 Asset Management L.P.

Portfolio Manager

Nick Stogdill, 1832 Asset Management L.P.

Bill McLeod, 1832 Asset Management L.P.

Sub-Advisor
-
 
Asset Allocation
(As of September 30, 2025)
Sector Allocation
(As of September 30, 2025)
Geographic Allocation
(As of September 30, 2025)
Top 10 Holdings
NameAssetSectorGeographicPercent
Ald SAInternational EquityIndustrial ServicesEuropean Union6.46%
Toronto-Dominion BankCanadian EquityFinancial ServicesCanada5.67%
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentCanada5.45%
Royal Bank of CanadaCanadian EquityFinancial ServicesCanada4.53%
National Bank of CanadaCanadian EquityFinancial ServicesCanada3.86%
Sun Life Financial IncCanadian EquityFinancial ServicesCanada3.57%
Charles Schwab CorpUS EquityFinancial ServicesUnited States3.53%
Element Fleet Management CorpCanadian EquityFinancial ServicesCanada3.38%
Fairfax Financial Holdings LtdCanadian EquityFinancial ServicesCanada3.36%
Brookfield Corp Cl ACanadian EquityFinancial ServicesCanada3.24%

Performance Data (As of November 30, 2025)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 1.75 2.51 8.84 17.02 14.57 17.45 13.58 12.60
Benchmark 1.94 3.68 11.34 19.73 17.82 20.42 16.15 10.67
Quartile Ranking 4 3 3 3 3 3 4 2

Calendar Return (%) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Fund 30.15 13.27 -15.27 25.02 4.88 28.02 -7.09 23.46 21.13 -1.91
Benchmark 31.42 13.41 -5.68 22.05 -5.24 19.43 -4.99 15.24 6.34 14.20
Quartile Ranking 2 2 4 4 1 1 1 1 3 3

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