FIXED INCOME
DYNAMIC INVESTMENT GRADE FLOATING RATE
FUND
Series A • Performance as at May 31, 2017. Holdings as at April 30, 2017.
MARC-ANDRÉ GAUDREAU CPA, CGA, CFA
WHY INVEST IN DYNAMIC INVESTMENT GRADE FLOATING RATE
FUND?
Portfolio Manager: 3.7 years on fund
INCEPTION
2013 September
NET ASSETS
$164.66 millions
HOLDINGS
112
MER†
1.44%
NAV
$9.74
STANDARD
DEVIATION
R2
GROWTH OF $10,000
$10,317
0.92% over 3 years
0.64
DISTRIBUTIONS
$0.0126 monthly1
YIELD
1.6% based on NAV
DURATION
• Primarily invests in high quality, highly liquid investment grade corporate bonds issued
in North America while maintaining an average credit quality of investment grade.
• Employs hedging techniques to protect against the negative effects of rising interest
rates.
• Floating distribution that fluctuates with prevailing Canadian short-term interest rates.
Jan
2014
0.67 year(s)2
Jul
2014
Oct
2014
Jan
2015
Apr
2015
Jul
2015
Oct
2015
Jan
2016
Apr
2016
Jul
2016
Oct
2016
Jan
2017
Apr
2017
Compound growth calculations are used only for the purpose of illustrating the effects of compound growth and are not intended to reflect future value
of any mutual fund or returns on investment in any mutual fund.
RISK RATING‡
LOW
Apr
2014
MEDIUM
HIGH
ASSET
ALLOCATION
GEOGRAPHIC
ALLOCATION
SECTOR
ALLOCATION
Z 92.5%
Z 86.7%
Z 13.3%
Z 46.2%
Z 12.7%
Z 12.5%
Z 11.3%
Z 8.3%
Z 3.8%
Z 2.5%
Z 1.5%
Z 1.1%
TOP 10 BOND HOLDINGS %
Hollis Receivables Term Trust II, 2.434% Jun. 26 19, Series
2014-1, Class "A"
3.6
Royal Bank of Canada, 2.03% Mar. 15 21
2.4
AT&T Inc., 3.825% Nov. 25 20
2.3
Choice Properties Limited Partnership, 3.60% Apr. 20 20,
Series 8
2.3
CARDS II Trust, 2.155% Oct. 15 20, Class "A", Series 2015-3
2.2
Fairfax Financial Holdings Limited, 4.50% Mar. 22 23
2.2
Manufacturers Life Insurance Company (The), 3.938% Sep. 21
17
2.2
Bank of Montreal, 1.61% Oct. 28 21
2.0
Ford Credit Canada Company, 2.939% Feb. 19 19
2.0
Race Point CLO Ltd., 2.374% Feb. 20 30, Series 13-8A
2.0
Total allocation in top holdings
23.2
CREDIT QUALITY OF PORTFOLIO
AAA 20.4%
BBB 37.6%
CCC 0.0%
AA 23.9%
BB 1.6%
D 0.0%
A 16.6%
B 0.0%
N/R 0.0%
Canada
United States
Financial
Real Estate
Securitization
Communications
Industrial
Energy
Federal
Infrastructure
Provincial
CALENDAR RETURNS %
YTD 2017
2016
2015
2014
2013
2012
2011
2010
0.7
1.1
-1.2
1.2
–
–
–
–
COMPOUND RETURNS %
TOP 10 ISSUERS %
Royal Bank
6.1
Bell Canada
4.3
Bank of Montreal
4.2
Hollis
3.5
Wells Fargo
3.4
Choice Properties
3.3
Toyota
3.2
AT&T
3.2
Manulife Financial
3.1
CIBC
2.9
Total allocation in top holdings
Z 5.2%
Z 1.6%
Z 0.7%
Investment Grade
Bonds
Government Bonds
High Yield Bonds
Cash, Short-Term
Investments & Other
Net Assets3
1 mo
3 mo
6 mo
YTD
1 yr
3 yrs
5 yrs
10 yrs
Incep
-0.1
0.2
0.9
0.7
1.4
0.3
–
–
1.0
HISTORICAL DISTRIBUTIONS ($/unit)
2017
May
Apr
Mar
Feb
2017
Jan
Dec
Nov
Oct
Sep
Aug
Jul
Jun
0.0126 0.0126 0.0118 0.0118 0.0118 0.0124 0.0124 0.0124 0.0121 0.0121 0.0121 0.0118
37.2
FUND CODES (Prefix: DYN)
Series
FE
LL
A
2740
2741
DCAF
2745
2746
E
3764b
LL2
DSC
7029
2742a
2747a
F
2743
FH (USD)
H (USD)
No load
2752
2749
2750
2751a
I
2744
The benchmark used for analytics for this fund is FTSE TMX Canada Floating Rate Note Index. [†] For the period
ended June 30, 2016. [1] This monthly distribution is fixed but not guaranteed and may be adjusted from time to time at the discretion of
the fund manager. [2] Includes interest rate swaps and/or futures contracts [3] Freely tradable cash 0.80% [a] Not available for
purchases, switches in/out only. [b] Not available for purchases, switches out only.
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FIXED INCOME
DYNAMIC INVESTMENT GRADE FLOATING RATE
FUND
Series A • Performance as at May 31, 2017. Holdings as at April 30, 2017.
DYNAMIC PREFERRED PRICING
Dynamic Funds is a leading Canadian
investment company offering a
comprehensive range of investment services,
including mutual funds, tax-advantaged
products and customized high net-worth
programs.
Management fee rates are applied back to dollar one
Fund Value
%
$0K - $250K
1.000%
$250K - $1MM
0.950%
$1MM - $5MM
0.925%
$5MM+
0.875%
Customer Relations Centre
Toll free:
1-800-268-8186
Tel:
514-908-3212 (English)
514-908-3217 (French)
Fax:
416-363-4179 or
1-800-361-4768
Email:
[email protected]
Ontario (Head Office)
Dynamic Funds Tower
1 Adelaide St. E., Ste. 2800
Toronto, ON M5C 2V9
Toll free:
1-866-977-0477
Tel:
416-363-5621
Eastern Canada
1200 McGill College Ave., Ste. 2300
Montreal, QC H3B 4G7
Western Canada
350 Seventh Ave. SW., Ste. 3250
Calgary, AB T2P 3N9
Four Bentall Centre
1055 Dunsmuir St., Ste. 3434
P.O. Box 49217
Vancouver, BC V7X 1K8
[‡] Risk rating measures the degree of uncertainty that an investor can handle regarding fluctuations in the value of their portfolio. The
amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon,
liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial
advisor before making a decision as to whether this mutual fund is a suitable investment for them.
Commissions, trailing commissions, management fees and expenses all may be associated
with mutual fund investments. Please read the prospectus before investing.
The indicated rates of return are the historical annual compounded total returns including
changes in units [share] value and reinvestment of all distributions [dividends] and do not
take into account sales, redemption, distribution or optional charges or income taxes
payable by any security holder that would have reduced returns. The rates of return are
used only to illustrate the effects of the compound growth rate and are not intended to
reflect future values of the mutual fund or returns on investment in the mutual fund.
Investments in mutual funds are not guaranteed, their values change frequently and past
performance may not be repeated.
R2 is a measurement out of 100 that shows the extent to which a portfolio’s movements can
be explained by the benchmark's movements.
Standard deviation is a measure of volatility; it shows how broadly the Fund's returns have
varied over a given time period.
www.dynamic.ca
Dynamic Funds® is a registered trademark of its owner, used under license, and a division of 1832 Asset
Management L.P.
dynamic.ca/f/2422
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