(As of 10/31/2024)

Dynamic Preferred Yield Class Series A

(Preferred Share Fixed Income)
FundGrade A+® Rating recipient
For more information about FundGrade click here
2022
2021
2018
2017



Inception Return
(4/10/2013) 		3.88 %
YTD Return 19.02 %
NAVPS
(11/19/2024) 		$8.87
Change $0.06 / 0.67 %
Growth of $10,000 (As of October 31, 2024)
MER 1.57 %
Assets ($mil) $721.52
Rank (1Yr) 34/65
Std Dev (3Yr) 16.67 %
Volatility Ranking (3Yr) 6/10
RRSP Eligibility Yes
Load Choice of Front or No Load
Max Front End 5.00 %
Max Back End -
Sales Status Open
 
Objective
Dynamic Preferred Yield Class seeks to provide dividend income while preserving capital through investing primarily in preferred shares of companies across North America. Before a fundamental change is made to the investment objectives of the Fund, the prior approval of shareholders is required. This approval must be given by a resolution passed by a majority of the votes cast at a meeting of shareholders
Fund Manager

1832 Asset Management L.P.

Portfolio Manager

Marc-André Gaudreau, 1832 Asset Management L.P.

Sub-Advisor
Data not available
 
Asset Allocation
(As of August 31, 2024)
Sector Allocation
(As of August 31, 2024)
Geographic Allocation
(As of August 31, 2024)
Top 10 Holdings
NameAssetSectorGeographicPercent
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentCanada3.12%
Toronto-Dominion Bank - Pfd Cl A Sr 5Canadian EquityFinancial ServicesCanada2.11%
Manulife Financial Corporation 3.80% Non-Cumulative Class 1 Series 17Canadian EquityFinancial ServicesCanada2.00%
TC Energy Corporation 3.903% First Preferred Series 7Canadian EquityEnergyCanada1.88%
Fairfax Financial Holdings Limited 3.708% Series ICanadian EquityFinancial ServicesCanada1.78%
Fortis Inc 3.913% Redeemable Series MCanadian EquityUtilitiesCanada1.71%
Enbridge Inc 3.737% Series 3Canadian EquityEnergyCanada1.69%
Toronto-Dominion Bank 5.75% PERPDomestic BondsFixed IncomeCanada1.65%
Great-West Lifeco Inc - Pfd Sr GCanadian EquityFinancial ServicesCanada1.49%
TransAlta Corporation 4.027% First Preferred Series CCanadian EquityUtilitiesCanada1.43%

Performance Data (As of October 31, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -1.35 1.37 6.58 19.02 30.71 1.81 8.12 4.05
Benchmark -1.38 1.77 7.10 18.83 31.15 0.96 6.26 2.60
Quartile Ranking 4 4 3 3 3 2 2 2

Calendar Return (%) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund 6.42 -16.02 26.46 4.86 3.34 -10.08 14.24 7.29 -7.45 7.53
Benchmark 5.90 -18.08 19.35 6.16 3.48 -7.93 13.62 6.98 -14.95 6.82
Quartile Ranking 2 2 1 4 3 4 2 3 2 2

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