FIXED INCOME

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The Fixed Income Advantage

With increased bond market volatility, investors need a fund manager with the flexibility to respond to rapidly changing conditions. While many fund managers claim to be active, the reality is that many are actually “closet indexers” - charging fees for active management while passively mirroring an index.

The Fixed Income Advantage

Unlike closet indexers and passive fund managers, Dynamic's legitimately active portfolio managers have greater flexibility to:

Award-winning Funds

© 2025 Morningstar Research Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar Ratings reflect performance as of February 28, 2025 and are subject to change monthly. The ratings are calculated from a fund’s 3, 5, and 10-year returns measured against 91-day Treasury bill and peer group returns. The top 10% of the funds in a category get five stars. The Overall Rating is a weighted combination of the 3, 5, and 10-year ratings. For greater detail see www.morningstar.ca.

The star ratings and number of Canadian Short Term Fixed Income funds for Dynamic Active Ultra Short Term Bond ETF for each period are as follows: one year, 2 stars, 264 funds; three years, 5 stars, 219 funds; five years, 5 stars, 201 funds.

The star ratings and number of Preferred Share Fixed Income funds for Dynamic Active Preferred Shares ETF for each period are as follows: one year, 4 stars, 59 funds; three years, 5 stars, 59 funds; five years, 5 stars, 54 funds.

The star ratings and number of Preferred Share Fixed Income funds for Dynamic Preferred Yield Class Series F for each period are as follows: one year, 4 stars, 59 funds; three years, 5 stars, 59 funds; five years, 5 stars, 54 funds.

The star ratings and number of Canadian Short Term Fixed Income funds for Dynamic Ultra Short Term Bond Series F for each period are as follows: one year, 2 stars, 264 funds; three years, 5 stars, 219 funds; five years, 5 stars, 201 funds.


FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata. FundGrade ratings are subject to change every month. For standard performance data of the funds listed above, click here.

Our Fixed Income Teams

Having more than 300 years of collective industry experience, Dynamic’s 14-member Core Fixed Income Team is dedicated to Legitimately Active Management®, building concentrated, high-conviction portfolios in order to deliver differentiated performance beyond the benchmark.

The Core Fixed Income Team goes beyond credit management and asset allocation, utilizing additional drivers to improve risk-adjusted returns, including rates management, derivative strategies, and currency management. They refer to this disciplined approach as The Power of 5: Key Alpha Drivers.

The Power of 5:

AssetAllocationRatesManagementCurrencyManagementDerivativesStrategiesCreditManagement

The Specialized Credit Team at Dynamic was established in 2012 and is responsible for managing close to $8.1 billion¹ in credit-related asset classes including investment grade corporate bonds, preferred shares, high yield bonds and loans, along with floating rate and credit absolute return strategies.

The Specialized Credit Team employs a comprehensive top-down and bottom-up investment process in order to assess the risk/reward trade-off when selecting securities. They focus on organizations that show improving fundamentals based upon their independent credit analysis, while managing their mandates with a capital preservation philosophy. The result is a well-diversified, liquid portfolio that invests in companies that offer the greatest potential for delivering strong risk-adjusted returns.

¹ AUM as at December 31, 2024

Committed to the active management of global fixed income, Payden & Rygel is one of the largest privately owned investment managers in the United States, with over US$150 Billion in assets under management and more than 100 investment professionals in the U.S., U.K., and Europe. Founded by pioneering investor Joan Payden nearly four decades ago, Payden & Rygel remains truly independent, with 100% of the company owned by senior portfolio managers and executives involved in the day-to-day direction of the firm. The company’s streamlined management team answers first and foremost to its clients, including a broad range of leading global institutions.

Speak with your advisor

Contact your advisor for more information on our Fixed Income Advantage.

Discover the Equity Advantage

Dynamic’s Portfolio Managers build concentrated, high-conviction portfolios in order to deliver differentiated performance beyond the benchmark.

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Find out why Active Matters

At Dynamic Funds, active management is the cornerstone of our investment process.

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Commissions, trailing commissions, management fees and expenses 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 value and reinvestment of all distributions 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. Mutual fund investments are not guaranteed, their values change frequently and past performance may not be repeated.
The information provided is not intended to be investment advice. Investors should consult their own professional advisor for specific investment and/or tax advice tailored to their needs when planning to implement an investment strategy to ensure that individual circumstances are considered properly and action is taken based on the latest available information. To the extent this document contains information or data obtained from third party sources, it is believed to be accurate and reliable as of the date of publication, but 1832 Asset Management L.P. does not guarantee its accuracy or reliability.
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