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Dynamic Preferred Yield Class Series A
Preferred Sh Fixed Income
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FundGrade A
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FundGrade A+® Rating Recipient
2025, 2024, 2023, 2022, 2021
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|
NAVPS (05-13-2026) |
$10.08 |
|---|---|
| Change |
$0.02
(0.23%)
|
As at April 30, 2026
As at February 28, 2026
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Legend
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Fund Returns
Inception Return (April 10, 2013): 5.19%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 2.26% | 2.03% | 3.81% | 2.62% | 19.63% | 15.29% | 15.47% | 10.04% | 7.68% | 13.04% | 8.75% | 6.41% | 6.25% | 7.53% |
| Benchmark | 2.51% | 2.47% | 4.37% | 2.87% | 20.10% | 15.82% | 15.41% | 9.26% | 6.77% | 11.11% | 7.61% | 5.78% | 5.70% | 6.90% |
| Category Average | 2.25% | 2.06% | 4.19% | 2.74% | 17.66% | 13.76% | 14.01% | 8.38% | 6.09% | 10.55% | 7.09% | 5.38% | 5.18% | 6.50% |
| Category Rank | 41 / 67 | 43 / 67 | 45 / 67 | 40 / 67 | 38 / 67 | 37 / 64 | 33 / 64 | 26 / 64 | 22 / 64 | 19 / 59 | 20 / 58 | 22 / 50 | 22 / 48 | 14 / 35 |
| Quartile Ranking | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 5.35% | 2.75% | 3.38% | 0.24% | 0.75% | 1.97% | -0.13% | 1.30% | 0.58% | 0.89% | -1.11% | 2.26% |
| Benchmark | 5.05% | 2.77% | 3.19% | 0.22% | 0.80% | 2.24% | -0.08% | 1.55% | 0.39% | 0.89% | -0.92% | 2.51% |
Best Monthly Return Since Inception
10.39% (April 2020)
Worst Monthly Return Since Inception
-19.66% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 7.29% | 14.24% | -10.08% | 3.34% | 4.86% | 26.46% | -16.02% | 6.42% | 25.54% | 15.22% |
| Benchmark | 6.98% | 13.62% | -7.93% | 3.48% | 6.16% | 19.35% | -18.08% | 5.90% | 24.70% | 16.03% |
| Category Average | 8.78% | 12.66% | -8.25% | 4.17% | 5.25% | 19.63% | -16.73% | 6.27% | 21.47% | 13.42% |
| Quartile Ranking | 3 | 2 | 4 | 3 | 4 | 1 | 2 | 2 | 2 | 3 |
| Category Rank | 23/ 31 | 15/ 37 | 39/ 50 | 29/ 54 | 46/ 59 | 14/ 64 | 29/ 64 | 30/ 64 | 25/ 64 | 43/ 67 |
Best Calendar Return (Last 10 years)
26.46% (2021)
Worst Calendar Return (Last 10 years)
-16.02% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 56.46 |
| Canadian Corporate Bonds | 35.69 |
| Cash and Equivalents | 4.36 |
| International Equity | 1.91 |
| Foreign Corporate Bonds | 1.57 |
| Other | 0.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 37.27 |
| Financial Services | 24.23 |
| Energy | 16.10 |
| Utilities | 15.17 |
| Cash and Cash Equivalent | 4.36 |
| Other | 2.87 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.09 |
| Latin America | 1.91 |
Top Holdings
| Name | Percent |
|---|---|
| Toronto-Dominion Bank 5.91% 01-Jan-2030 | 3.82 |
| National Bank of Canada 4.05% 15-Jul-2026 | 3.37 |
| Cash and Cash Equivalents | 3.26 |
| Enbridge Inc 0.00% 31-Dec-2049 | 2.82 |
| Canadian Imperial Bank of Commerce 5.89% 28-Jan-2086 | 2.58 |
| Canadian Imperial Bank Commrce 4.00% 28-Dec-2026 | 2.56 |
| Manulife Financial Corporation 0.00% 31-Dec-2049 | 2.10 |
| Enbridge Inc 3.737% Series 3 | 2.06 |
| Great-West Lifeco Inc 0.00% 31-Dec-2049 | 2.01 |
| BCE Inc 2.954% First Preferred Series AK | 1.82 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Dynamic Preferred Yield Class Series A
Median
Other - Preferred Sh Fixed Income
3 Yr Annualized
| Standard Deviation | 9.04% | 10.01% | 12.01% |
|---|---|---|---|
| Beta | 1.00 | 0.97 | 1.00 |
| Alpha | 0.00 | 0.01 | 0.01 |
| Rsquared | 0.99% | 0.98% | 0.97% |
| Sharpe | 1.24 | 0.50 | 0.51 |
| Sortino | 2.64 | 0.76 | 0.58 |
| Treynor | 0.11 | 0.05 | 0.06 |
| Tax Efficiency | 81.52% | 69.69% | 72.46% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.05% | 9.04% | 10.01% | 12.01% |
| Beta | 1.04 | 1.00 | 0.97 | 1.00 |
| Alpha | -0.01 | 0.00 | 0.01 | 0.01 |
| Rsquared | 0.99% | 0.99% | 0.98% | 0.97% |
| Sharpe | 2.62 | 1.24 | 0.50 | 0.51 |
| Sortino | 10.77 | 2.64 | 0.76 | 0.58 |
| Treynor | 0.15 | 0.11 | 0.05 | 0.06 |
| Tax Efficiency | 83.72% | 81.52% | 69.69% | 72.46% |
Fund Details
| Start Date | April 10, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Corporation |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $592 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| DYN2900 | ||
| DYN2901 | ||
| DYN2902 | ||
| DYN7015 |
Investment Objectives
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
Investment Strategy
To achieve its mandate, the Fund invests primarily in preferred shares of companies located across North America. The Fund may also invest in dividend paying common shares and other distribution paying equity, fixed income securities and interest earning securities, including exchange-traded funds and closed-end funds.
Portfolio Management
| Portfolio Manager |
1832 Asset Management L.P.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
1832 Asset Management L.P. |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
1832 Asset Management L.P. |
| Distributor |
1832 Asset Management L.P. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 100 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 1.56% |
|---|---|
| Management Fee | 1.30% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.70% |
| Trailer Fee Max (DSC) | 0.70% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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