DYNAMIC ACTIVE DISCOUNT BOND ETF UNITDYNAMIC ACTIVE DISCOUNT BOND ETF UNITDYNAMIC ACTIVE DISCOUNT BOND ETF UNIT

DYNAMIC ACTIVE DISCOUNT BOND ETF UNIT

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Key stats


Assets under management (AUM)
‪577.46 M‬CAD
Fund flows (1Y)
‪112.50 M‬CAD
Dividend yield (indicated)
4.23%
Discount/Premium to NAV
0.1%

About DYNAMIC ACTIVE DISCOUNT BOND ETF UNIT


Issuer
The Bank of Nova Scotia
Brand
Dynamic
Expense ratio
0.44%
Inception date
Nov 8, 2022
Index tracked
No Underlying Index
Management style
Active
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.

Classification


Asset Class
Fixed income
Category
Broad market, broad-based
Focus
Broad credit
Niche
Intermediate
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Bonds, Cash & Other100.00%
Corporate95.64%
Cash5.12%
Government0.16%
Miscellaneous−0.91%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
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Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.