Analysis

Key stats

About DYNAMIC ACTIVE DISCOUNT BOND ETF UNIT

The fund seeks to provide monthly distributions and some long-term capital appreciation by holding a diversified portfolio of primarily Canadian investment grade corporate bonds with a remaining term to maturity between 3 to 7 years. It attempts to build a portfolio with a weighted average price lower than its benchmark index. The fund adviser utilizes a top-down and bottom-up investment process that includes ESG considerations and focuses on risk/reward relationship. The fund may also hold government securities including muni bonds, US Treasurys, and TIPS. High-yield securities may also be included, provided that the portfolios weighted average credit rating is at least investment grade. The fund may allocate up to 49% of its assets in foreign securities and may invest in other funds to gain exposure. It may use warrants and derivatives such as options, forwards, futures, and swaps for hedging and non-hedging purposes. The fund may also engage in short-selling and enter into lending transactions, repurchase and reverse purchase transactions.