(As of 9/30/2025)

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) 		1.77 %
YTD Return 2.71 %
NAVPS
(10/23/2025) 		$9.34
Change $0.00 / 0.01 %
Growth of $10,000 (As of September 30, 2025)
MER 1.00 %
Assets ($mil) $618.35
Rank (1Yr) 185/271
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 July 31, 2025)
Sector Allocation
(As of July 31, 2025)
Geographic Allocation
(As of July 31, 2025)
Top 10 Holdings
NameAssetSectorGeographicPercent
Bank of Nova Scotia 3.81% 15-Nov-2027Domestic BondsFixed IncomeCanada6.79%
Canadian Imperial Bank Commrce 3.65% 10-Dec-2028Domestic BondsFixed IncomeCanada6.25%
Royal Bank of Canada 3.63% 10-Dec-2027Domestic BondsFixed IncomeCanada6.22%
ENBRIDGE INC 0.00% 07-Aug-2025Cash and EquivalentsCash and Cash EquivalentOther6.13%
Wells Fargo & Co 5.08% 26-Apr-2027Domestic BondsFixed IncomeCanada5.40%
Toronto-Dominion Bank 5.49% 08-Sep-2028Domestic BondsFixed IncomeCanada4.53%
Merrill Lynch International Interest Rate Swap variable 2.76% 12-Mar-2029OtherOtherCanada4.50%
Canadian Imperial Bank of Commerce Interest Rate Swap variable 2.76% 24-Jun-2028OtherOtherCanada4.23%
Bank of Montreal 4.31% 01-May-2027Domestic BondsFixed IncomeCanada4.13%
Rogers Communications Inc 3.75% 15-Feb-2029Domestic BondsFixed IncomeCanada4.07%

Performance Data (As of September 30, 2025)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.32 0.89 1.75 2.71 3.62 4.84 2.69 1.95
Benchmark 0.75 1.27 1.73 3.42 4.09 4.87 1.86 2.04
Quartile Ranking 4 4 2 3 3 3 1 2

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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