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Dynamic Active Ultra Short Term Bond ETF
Cdn Short Term Fixed Inc
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FundGrade A
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FundGrade A+® Rating Recipient
2025, 2024, 2023
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|
NAVPS (05-13-2026) |
$19.72 |
|---|---|
| Change |
$0.00
(0.01%)
|
As at April 30, 2026
As at February 28, 2026
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Legend
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Fund Returns
Inception Return (March 23, 2018): 3.13%
| 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 | 0.34% | 0.58% | 1.44% | 0.93% | 3.84% | 4.22% | 4.82% | 4.76% | 3.58% | 3.66% | 3.30% | 3.15% | - | - |
| Benchmark | 0.04% | -0.11% | 0.29% | 0.34% | 2.39% | 4.89% | 4.19% | 3.56% | 1.99% | 1.93% | 2.24% | 2.42% | 2.06% | 2.04% |
| Category Average | 0.12% | -0.12% | 0.22% | 0.27% | 2.07% | 4.24% | 3.82% | 3.15% | 1.65% | 1.82% | 1.89% | 1.97% | 1.68% | 1.64% |
| Category Rank | 5 / 299 | 10 / 293 | 7 / 292 | 7 / 293 | 5 / 271 | 173 / 242 | 40 / 213 | 9 / 198 | 6 / 190 | 5 / 180 | 8 / 173 | 12 / 165 | - | - |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.61% | 0.36% | 0.46% | 0.23% | 0.39% | 0.30% | 0.24% | 0.26% | 0.35% | 0.07% | 0.16% | 0.34% |
| Benchmark | 0.16% | 0.27% | -0.08% | 0.59% | 0.75% | 0.38% | 0.22% | -0.27% | 0.45% | 0.74% | -0.88% | 0.04% |
Best Monthly Return Since Inception
1.91% (April 2020)
Worst Monthly Return Since Inception
-2.45% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | 3.44% | 3.48% | 0.50% | 0.87% | 6.18% | 5.61% | 4.12% |
| Benchmark | 0.90% | 0.27% | 1.89% | 2.98% | 5.17% | -0.92% | -3.98% | 4.92% | 5.71% | 3.77% |
| Category Average | 0.85% | 0.42% | 0.53% | 2.93% | 4.36% | -0.83% | -4.45% | 4.84% | 5.17% | 3.22% |
| Quartile Ranking | - | - | - | 2 | 4 | 1 | 1 | 1 | 3 | 1 |
| Category Rank | - | - | - | 49/ 169 | 149/ 179 | 9/ 185 | 17/ 194 | 26/ 206 | 114/ 224 | 53/ 261 |
Best Calendar Return (Last 10 years)
6.18% (2023)
Worst Calendar Return (Last 10 years)
0.50% (2021)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 60.52 |
| Canadian Government Bonds | 18.69 |
| Mortgages | 10.31 |
| Cash and Equivalents | 6.71 |
| Foreign Corporate Bonds | 4.22 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 93.74 |
| Cash and Cash Equivalent | 6.72 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 0.50% 01-Dec-2030 | 13.47 |
| B02303378 Irs Cad R V 06Mc 302303378_Flo Ccpois 2.28% 01-Jun-2029 | 10.15 |
| Bank of Nova Scotia 3.81% 15-Nov-2027 | 7.44 |
| Canadian Imperial Bank of Commerce Interest Rate Swap variable 2.28% 24-Jun-2028 | 5.39 |
| Royal Bank of Canada 3.63% 10-Dec-2027 | 5.35 |
| Canada Government 2.50% 01-Dec-2032 | 5.22 |
| B02298636 Irs Cad R V 06Mc 302298636_Flo Ccpois 2.28% 16-Jan-2031 | 5.08 |
| B06711974 Irs Cad R V 06Mc 306711974_Flo Ccpois 2.28% 25-Feb-2033 | 5.05 |
| Wells Fargo & Co 5.08% 26-Apr-2027 | 4.42 |
| Canadian Imperial Bank Commrce 3.65% 10-Dec-2028 | 4.32 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Dynamic Active Ultra Short Term Bond ETF
Median
Other - Cdn Short Term Fixed Inc
3 Yr Annualized
| Standard Deviation | 0.58% | 1.08% | - |
|---|---|---|---|
| Beta | 0.07 | 0.20 | - |
| Alpha | 0.04 | 0.03 | - |
| Rsquared | 0.07% | 0.19% | - |
| Sharpe | 1.89 | 0.61 | - |
| Sortino | 11.51 | 0.76 | - |
| Treynor | 0.15 | 0.03 | - |
| Tax Efficiency | 60.47% | 54.31% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.49% | 0.58% | 1.08% | - |
| Beta | 0.01 | 0.07 | 0.20 | - |
| Alpha | 0.04 | 0.04 | 0.03 | - |
| Rsquared | 0.00% | 0.07% | 0.19% | - |
| Sharpe | 2.87 | 1.89 | 0.61 | - |
| Sortino | 3.86 | 11.51 | 0.76 | - |
| Treynor | 1.83 | 0.15 | 0.03 | - |
| Tax Efficiency | 67.17% | 60.47% | 54.31% | - |
Fund Details
| Start Date | March 23, 2018 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| N/A | ||
Investment Objectives
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.
Investment Strategy
To achieve its objective, DXV will invest primarily in Canadian investment grade corporate bonds while using interest rate derivatives to minimize interest rate risk and deliver a floating rate of income and maintain a portfolio duration that is not more than one year. DXV may also invest in high yield securities as long as the weighted average credit rating of DXV remains BBB- or above. For the purposes of determining whether securities qualify as investment grade or high yield and measuring th
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 |
State Street Trust Company Canada |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 0.33% |
|---|---|
| Management Fee | 0.25% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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