Key stats
About DYNAMIC ACTV INVTMNT GRDE FLTNG RTE UNITS
Expense ratio
0.34%
Home page
Inception date
Mar 23, 2018
ISIN
CA26801N1050
The fund provides exposure to Canadian investment-grade, floating rate corporate bonds in Canada by investing primarily in Dynamic Active Investment Grade Floating Rate Fund. The fund will use interest rate derivatives to minimize interest rate risk and deliver a floating rate of income. While investments can be made in high-yield securities, the weighted average credit rating of the fund is expected to be at least BBB-. The portfolio adviser to the Dynamic AFR Fund follows a comprehensive top-down and bottom-up investment process, focused on the risk/reward relationship of securities. As an actively managed ETF, the portfolio managers can analyze market and financial data to make buy, sell, and hold decisions at their discretion. As such, the fund may invest up to 49% in foreign securities, use warrants and derivatives to hedge against losses, gain exposure to individual securities and markets, and/or generate income.
Classification
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate86.77%
Cash8.39%
Government5.18%
Miscellaneous−0.34%