(As of 4/30/2025)

Dynamic Ultra Short Term Bond Fund Series A

(Canadian Short Term Fixed Income)
FundGrade A+® Rating recipient
For more information about FundGrade click here
2023





Inception Return
(9/9/2013) 		1.69 %
YTD Return 0.97 %
NAVPS
(5/16/2025) 		$9.31
Change $0.00 / 0.01 %
Growth of $10,000 (As of April 30, 2025)
MER 1.03 %
Assets ($mil) $457.61
Rank (1Yr) 250/256
Std Dev (3Yr) 2.07 %
Volatility Ranking (3Yr) 1/10
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 Investment Grade Floating Rate Fund seeks to provide interest income while preserving capital and mitigating the effects of interest rate fluctuations. Before a fundamental change is made to the investment objectives 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

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

Sub-Advisor
-
 
Asset Allocation
(As of February 28, 2025)
Sector Allocation
(As of February 28, 2025)
Geographic Allocation
(As of February 28, 2025)
Top 10 Holdings
NameAssetSectorGeographicPercent
Bank of Nova Scotia 3.81% 15-Nov-2027Domestic BondsFixed IncomeCanada9.33%
Canadian Imperial Bank of Commerce Interest Rate Swap variable 2.99% 24-Jun-2028OtherOtherCanada6.25%
Bank of Montreal 4.31% 01-May-2027Domestic BondsFixed IncomeCanada6.20%
Canadian Imperial Bank Commrce 3.65% 10-Dec-2028Domestic BondsFixed IncomeCanada6.20%
B48358771 Irs Cad R V 06Mc 3448358771_Flo Ccpois 2.99% 21-Feb-2028Domestic BondsFixed IncomeCanada5.38%
Canadian Imperial Bank of Commerce Interest Rate Swap variable 2.99% 06-Dec-2029OtherOtherCanada5.30%
Wells Fargo & Co 5.08% 26-Apr-2027Domestic BondsFixed IncomeCanada5.28%
Toronto-Dominion Bank 5.49% 08-Sep-2028Domestic BondsFixed IncomeCanada5.13%
Federation Csses Desjardins Qc 5.47% 17-Oct-2028Domestic BondsFixed IncomeCanada4.90%
B40119565 Irs Cad R V 00Mc 3440119565_Flo Ccpois 2.99% 05-Feb-2030Domestic BondsFixed IncomeCanada4.84%

Performance Data (As of April 30, 2025)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.04 0.44 1.59 0.97 3.90 4.39 2.83 1.65
Benchmark 0.02 0.85 2.65 1.69 7.45 3.95 1.83 1.94
Quartile Ranking 3 4 4 4 4 2 1 3

Calendar Return (%) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Fund 4.87 5.53 0.31 -0.38 2.09 2.18 0.02 1.28 1.09 -1.19
Benchmark 5.71 4.92 -3.98 -0.92 5.17 2.98 1.89 0.27 0.90 2.56
Quartile Ranking 4 2 1 1 4 4 4 1 2 4

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