Why choose Dynamic for fixed income funds?

Legitimately Active Management®

At Dynamic Funds, we understand that fixed income is a crucial component of a well-diversified portfolio. Unlike closet indexers and passive fund managers, Dynamic's legitimately active portfolio managers have greater flexibility to:

Exclude certain sectors, geographies or securities/issues to better manage risk and aim to enhance returns

Utilize in-depth credit research, assessing issuer fundamentals to identify opportunities, aiming to enhance returns and manage risk

Vary holdings to take advantage of opportunities beyond the benchmark

Utilize capital market tools such as options, hedges, futures and short-selling to better manage volatility and aim to enhance returns

Take advantage of interest rate changes by tactically adjusting duration within a wider range

An experienced team with integrated perspectives

Our experienced teams manage investments across markets and sectors with the flexibility to respond to rapidly changing conditions while seeking to deliver risk-adjusted returns and income solutions.

Our teams

Having more than 300 years of collective industry experience, Dynamic’s 16-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 team’s breadth of expertise is expansive, covering Treasuries, corporate bonds, and derivative instruments in Canadian and U.S. fixed income markets. They blend top‑down macro views with rigorous bottom‑up research on individual issuers supported by a dedicated Credit Research Team. A robust risk management framework and a collaborative culture ensure portfolios are positioned to protect capital in volatile periods while seeking to capitalize on opportunities for investors.

The Specialized Credit Team manages assets exceeding $9 billion¹, encompassing a diverse range of fixed-income and credit liquid alternative funds, Exchange-Traded Funds (ETFs), and institutional mandates. Comprised by eight investment professionals led by Head Portfolio Manager Marc-Andre Gaudreau, the team collectively brings over 50 years of experience in credit analysis.

When it comes to asset class, their focus is predominantly on corporate credit, including structures such as preferred shares, hybrids, high yield bonds, loans, and specific market segments where they can leverage structural advantages. What distinguishes the Specialized Credit Team is their ability to manage dedicated mandates across various sub-asset classes within the credit spectrum. The team leverages their experience and proprietary research to identify opportunities, analyze market drivers, and manage risks. This comprehensive approach provides them with a holistic view of the North American public credit market, enabling them to identify and capitalize on opportunities.

¹ as at August 1, 2025

Committed to the active management of global fixed income, Payden & Rygel is one of the largest privately owned investment managers in the U.S. with over $150 Billion in AUM. Founded by pioneering investor Joan Payden nearly four decades ago, Payden & Rygel remains truly independent, with 100% of the company owned by the senior portfolio managers & executives involved in the day-to-day direction of the firm. The company’s streamlined management team answers first and foremost to its investors, including a broad range of leading institutional names. With more than 100 investment professionals in the U.S., U.K., and Europe, Payden & Rygel is well-positioned to collaboratively manage portfolios across a breadth of mandates.