(As of 9/30/2025)

Dynamic Active Ultra Short Term Bond ETF (DXV)

(Canadian Short Term Fixed Income)

FundGrade A+^® Rating recipient
For more information about FundGrade click here

2023

Inception Return (3/23/2018)	3.14 %
YTD Return	3.28 %

NAVPS (10/29/2025)	$19.71
Change	$0.00 / -0.01 %

Growth of $10,000 (As of September 30, 2025)

MER	0.33 %
Assets ($mil)	-
Rank (1Yr)	72/271
Std Dev (3Yr)	2.08 %
Volatility Ranking (3Yr)	1/10
RRSP Eligibility	Yes
Load	No Load
Max Front End	-
Max Back End	-
Sales Status	Open

Objective

DXV seeks to provide a floating rate of interest income while preserving capital by investing primarily in Canadian investment grade corporate bonds and through using interest rate derivatives that seek to mitigate the effects of interest rate fluctuations. Exposure to these types of fixed income securities and derivatives will be obtained by investing directly in them, in securities of one or more Other Funds, and/or through the use of derivatives.

Fund Manager

1832 Asset Management L.P.

Portfolio Manager

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

Roger Rouleau, 1832 Asset Management L.P.

Jeremy Lucas, 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

Name	Asset	Sector	Geographic	Percent
Canadian Imperial Bank of Commerce Interest Rate Swap variable 2.76% 24-Jun-2028	Other	Other	Canada	7.00%
Royal Bank of Canada 3.63% 10-Dec-2027	Domestic Bonds	Fixed Income	Canada	6.26%
Bank of Nova Scotia 3.81% 15-Nov-2027	Domestic Bonds	Fixed Income	Canada	6.21%
Canadian Imperial Bank Commrce 3.65% 10-Dec-2028	Domestic Bonds	Fixed Income	Canada	6.16%
ENBRIDGE INC 0.00% 07-Aug-2025	Cash and Equivalents	Cash and Cash Equivalent	Other	6.13%
Merrill Lynch International Interest Rate Swap variable 2.76% 11-Mar-2030	Other	Other	Canada	5.40%
Wells Fargo & Co 5.08% 26-Apr-2027	Domestic Bonds	Fixed Income	Canada	5.40%
Canada Government 2.75% 01-Mar-2030	Domestic Bonds	Fixed Income	Canada	5.37%
Toronto-Dominion Bank (The) Interest Rate Swap variable 2.76% 11-Mar-2028	Other	Other	Canada	5.29%
Canadian Imperial Bank of Commerce Interest Rate Swap variable 2.76% 20-Jan-2030	Other	Other	Canada	4.62%

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	0.39	1.08	2.16	3.28	4.36	5.56	3.42	-
Benchmark	0.75	1.27	1.73	3.42	4.09	4.87	1.86	2.04
Quartile Ranking	4	3	1	2	2	1	1	-

Calendar Return (%)	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Fund	5.61	6.18	0.87	0.50	3.48	3.44	-	-	-	-
Benchmark	5.71	4.92	-3.98	-0.92	5.17	2.98	1.89	0.27	0.90	2.56
Quartile Ranking	3	1	1	1	4	2	-	-	-	-

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