Dynamic Advantage Bond Fund

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Dynamic Advantage Bond Fund
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FIXED INCOME FUNDS
Bliss 2 BoldAS AT JUNE 30, 2014
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PORTFOLIO MANAGER
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KEY REASONS TO OWN THIS FUND
• Core Canadian bond fund offering diversification through a consistent exposure to a minimum of four types of
bonds
• Active management strategy aimed at enhancing returns
• Attractive fixed monthly distributions creating a stable income stream
Michael McHugh, BA (Hons.), MA, CFA
1832 Asset Management L.P.
Tenure: 8.0 year(s)
HOW YOUR MONEY IS MANAGED
Domenic Bellissimo, MBA, CFA
1832 Asset Management L.P.
Tenure: 2.3 year(s)
Using a disciplined approach to assist in managing risk, fixed income securities are actively traded to take
advantage of movements in the level of bond yields, the shape of the yield curve and the level of both real yields
and credit spreads. An active asset allocation strategy will be utilized based on the Manager’s outlook for interest
rates, the credit cycle and general economic conditions. The base allocation for the Fund is 25% in government,
corporate, real return and high yield bonds3, however this can vary up or down. The Fund may also include floating
rate notes and convertible debentures.
FUND DETAILS
Asset Class
Discipline
Fund Type
Holdings
Unit Price
Distributions
Yield
Duration
Size
Inception
MER†
Risk
Canadian Fixed Income
Actively Managed
Mutual Fund Trust
171 holdings
$5.07
Monthly—$0.0170/unit1
4.0% based on unit price above
3.27 year(s)
$943.1 million
November 20002
1.57%
Tolerance‡
Low
Moderate
COMPOUNDED RETURNS (%) (SERIES A)
1 month
3 months
6 months
1 year
3 years
5 years
10 years
Inception
0.1
1.2
3.9
5.0
3.9
5.5
3.7
2.8
CALENDAR RETURNS (%) (SERIES A)4
High
YTD 2014
2013
2012
2011
2010
2009
2008
2007
3.9
-0.1
4.2
6.5
7.3
13.8
-3.7
0.4
HISTORICAL PERFORMANCE (%) Current Value Of A $10,000 Investment
$16,000
FUND CODES
Series
A
DCAF
DCAF-F
E
F
FH $US
FI
G
H $US
I
¤
$14,494
$14,000
Purchase option (Prefix = DYN)
FE
LL
DSC
258
1914
538
1915
688
1916
No
Load
$12,000
$10,000
$8,000
1917
3700
Jan-02
Jan-04
ASSET ALLOCATION (%)
Performance as at June 30, 2014
Portfolio allocations as at June 30, 2014
Corporate Bonds - CDN
Federal Govt Bonds - CDN
Foreign Bonds & Debentures
Provincial Govt Bonds - CDN
Floating Rate Notes - CDN
Cash, Short-Term Investments & Other Net
Assets
High Yield Bonds - Foreign
High Yield Bonds - CDN
Canadian - Foreign Pay Bonds
Convertible Debentures
Series G only available to residents of non-HST provinces and
territories
SECTOR ALLOCATION (%)
3058
2634
3201
258G¤
2631
538G¤
2632
688G¤
2633
1108
†
For the period ended June 30, 2013.
1
This monthly distribution is fixed but not guaranteed and may
be adjusted from time to time at the discretion of the fund
manager.
2
Reflects inception of the former Dynamic World Convertible
Debentures Fund.
3
Invests in Series O units of Dynamic High Yield Bond Fund.
4
Returns generated prior to July 2006 refer to the former
Dynamic World Convertible Debentures Fund.
*
Credit Profile excludes holding in Dynamic High Yield Bond
Fund
DISTRIBUTIONS ($/unit)
July 2013
August 2013
September 2013
October 2013
November 2013
December 2013
0.0170
0.0170
0.0170
0.0170
0.0170
0.0170
January 2014
February 2014
March 2014
April 2014
May 2014
June 2014
Energy
Real Estate
Telecommunication Services
Utilities
Consumer Staples
Materials
Financials
Consumer Discretionary
GEOGRAPHIC ALLOCATION (%)
0.0170
0.0170
0.0170
0.0170
0.0170
0.0170
Canada
United States
Australia
Belgium
France
United Kingdom
www.dynamic.ca
Dynamic Funds® is a registered trademark of its owner, used under license,
and a division of 1832 Asset Management L.P.
Jan-06
Jan-08
34.3
23.3
9.7
8.5
7.5
6.4
5.1
4.9
0.2
0.1
Jan-10
Jan-12
Jan-14
TOP BOND HOLDINGS (%)
Government of Canada, 1.50% Jun. 01 23
Province of Ontario, 2.85% Jun. 02 23
Government of Canada, 1.25% Sep. 01 18
Government of Canada, 2.75% Jun. 01 22
Government of Canada, 3.25% Jun. 01 21
Province of Ontario, 1.418% Dec. 03 18
Government of Canada, 2.50% Jun. 01 24
Province of Quebec, 1.298% Oct. 23 16
Government of Canada, 3.50% Jun. 01 20
Province of Ontario, 1.391% Apr. 12 16
Total allocation in top holdings
CREDIT QUALITY OF PORTFOLIO (%)*
17.5
9.7
8.7
7.1
6.2
2.8
1.8
0.5
78.2
10.8
1.7
1.5
0.5
0.3
AAA
AA
A
26.3 BBB
14.8 BB
12.5 B
36.5 CCC
9.6 Below CCC
0.3 NR
5.6
4.9
4.4
4.0
3.1
2.6
2.3
1.9
1.8
1.3
31.9
0.0
0.0
0.0
CUSTOMER RELATIONS CENTRE
Dynamic Funds is a leading
Canadian investment company
offering a comprehensive
range of investment services,
including mutual funds, taxadvantaged products and
customized high net-worth
programs.
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]
HEAD OFFICE
ONTARIO
Dundee Place
1 Adelaide St. E., Ste. 2900
Toronto, ON M5C 2V9
Toll free:
1-866-977-0477
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. Mutual funds are not guaranteed,
their values change frequently and past performance
may not be repeated.
Tel:
416-363-5621
‡Risk
Monday to Friday 8:00 am to 8:00 pm
tolerance 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 Fund is a suitable
investment for them.
www.dynamic.ca
Dynamic Funds® is a registered trademark of its owner, used under license,
and a division of 1832 Asset Management L.P.
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
BUSINESS HOURS
January to April
May to December
Monday to Thursday 8:00 am to 8:00 pm
Friday 8:00 am to 6:00 pm
(Eastern standard time)

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