TORONTO, Nov. 28,
2024 /CNW/ - Dynamic Funds announces several updates
today.
Dynamic Active ETFs fee reductions
Dynamic Funds is reducing management fees (MF) on a range of
Dynamic Active Exchange Traded Funds (ETFs), effective on or about
December 6, 2024.
|
Dynamic ETF
name
|
New
MF
|
Current
MF
|
|
Dynamic Active Canadian
Dividend ETF (DXC)
|
0.45 %
|
0.60 %
|
|
Dynamic Active
International Dividend ETF (DXW)
|
0.50 %
|
0.70 %
|
|
Dynamic Active Global
Equity Income ETF (DXGE)
|
0.50 %
|
0.75 %
|
|
Dynamic Active Ultra
Short Term Bond ETF (DXV)
|
0.25 %
|
0.30 %
|
Dynamic Funds fee reductions
Dynamic Funds is making MF reductions on a range of actively
managed fixed income Dynamic Funds, effective on or about
December 6, as follows:
|
Dynamic Fund
name
|
Series
|
New
MF
|
Current
MF
|
|
Dynamic Canadian Bond
Fund
|
A, H
|
1.20 %
|
1.25 %
|
|
Dynamic High Yield Bond
Fund
|
A, H
|
1.50 %
|
1.85 %
|
|
Dynamic High Yield Bond
Fund
|
F, FH, I
|
0.75 %
|
0.85 %
|
|
Dynamic Short Term Bond
Fund
|
A, H
|
0.85 %
|
1.15 %
|
|
Dynamic Short Term Bond
Fund
|
F, FH, I
|
0.35 %
|
0.50 %
|
|
Dynamic Ultra Short
Term Bond Fund
|
A, H
|
0.75 %
|
0.80 %
|
|
Dynamic Ultra Short
Term Bond Fund
|
F, FH, I
|
0.25 %
|
0.30 %
|
Fixed administration fee reductions will also be made on the
following fixed income and money market funds:
|
Dynamic Fund
name
|
Series
|
New
FAF
|
Current
FAF
|
|
Dynamic Canadian Bond
Fund
|
A
|
0.07 %
|
0.14 %
|
|
Dynamic Dollar-Cost
Averaging Fund
|
A
|
0.12 %
|
0.17 %
|
|
Dynamic High Yield Bond
Fund
|
A, H
|
0.06 %
|
0.14 %
|
|
Dynamic Global Fixed
Income Fund
|
A, F, FH, H,
I
|
0.10 %
|
0.13 %
|
|
Dynamic Money Market
Fund
|
A
|
0.12 %
|
0.14 %
|
|
Dynamic Short Term Bond
Fund
|
A, H
|
0.09 %
|
0.15 %
|
Risk rating changes
The risk rating for the following funds will be changing,
effective today. This change is in accordance with the risk
classification methodology mandated by the Canadian Securities
Administrators (CSA). There is no change to the investment
objective or the strategy of the funds associated with the new risk
rating.
|
Dynamic Fund
Name
|
New
rating
|
Current
rating
|
|
Dynamic Canadian Value
Class
|
Medium
|
Low to
Medium
|
|
Dynamic Conservative
Yield Private Pool Class
|
Low to
Medium
|
Low
|
|
Dynamic Conservative
Yield Private Pool
|
Low to
Medium
|
Low
|
|
Dynamic Global Dividend
Class
|
Medium
|
Low to
Medium
|
|
Dynamic Global Dividend
Fund
|
Medium
|
Low to
Medium
|
|
Dynamic Global Equity
Income Fund
|
Medium
|
Low to
Medium
|
|
Dynamic Value Fund of
Canada
|
Medium
|
Low to
Medium
|
|
DynamicEdge
Conservative Class Portfolio
|
Low to
Medium
|
Low
|
A summary of the CSA's Risk Classification Methodology and the
investment objective and strategy of the funds can be found in the
applicable Dynamic Funds prospectus available at www.dynamic.ca or
by contacting our Customer Relations Centre at 1-800-268-8186.
Sub-advisor change
The sub-advisor for the Canadian small cap component of the
Marquis Institutional Canadian Equity Portfolio will change to
Hillsdale Investment Management, effective on or about December 11, 2024. There will be no change
to the investment objectives of the fund resulting from this
change.
Estimated year-end reinvested distributions for Dynamic
Active ETFs and ETF Series of Dynamic Funds
Dynamic Funds announced the estimated year-end reinvested
distributions for the Dynamic Active ETFs and ETF series units of
applicable Dynamic Funds (ETF Series) listed on the TSX for
the 2024 tax year.
These distributions are typically reinvested in additional units
of the respective Dynamic Active ETFs and ETF Series at year end,
and do not include estimates of any monthly and/or quarterly cash
distributions for the remainder of the year. The additional units
will be immediately consolidated so that the number of units
outstanding following the distribution will equal the number of
units outstanding prior to the distribution.
Please note that these are estimated amounts only and have been
calculated based upon forward-looking information as of
October 31, 2024, so the actual
distributions may differ materially from these estimates. We expect
to announce updated estimates of the year-end reinvested
distribution amounts (as well as any monthly and/or any quarterly
cash distribution amounts, as applicable) on or about December 19, 2024. The record date for the 2024
final year-end distributions will be December 30, 2024, payable on January 3, 2025.
The actual taxable amounts of reinvested and cash distributions
for 2024, including the tax characteristics of the distributions,
will be reported to CDS Clearing and Depository Services Inc. in
early 2025. Securityholders can reach out to their brokerage firm
for this information.
The estimated reinvested distribution amounts are:
|
Dynamic
Active ETF and ETF Series
|
Ticker symbol
(TSX)
|
Estimated reinvested
distribution per unit ($)
|
Currency
|
|
Dynamic Active Bond
ETF
|
DXBB
|
0.00000
|
CAD
|
|
Dynamic Active Canadian
Bond ETF
|
DXBC
|
0.23506
|
CAD
|
|
Dynamic Active Canadian
Dividend ETF
|
DXC
|
0.39376
|
CAD
|
|
Dynamic Active
Corporate Bond ETF
|
DXCB
|
0.00000
|
CAD
|
|
Dynamic Active
Crossover Bond ETF
|
DXO
|
0.00000
|
CAD
|
|
Dynamic Active Discount
Bond ETF
|
DXDB
|
0.15014
|
CAD
|
|
Dynamic Active Emerging
Markets ETF
|
DXEM
|
0.00000
|
CAD
|
|
Dynamic Active Energy
Evolution ETF
|
DXET
|
0.00000
|
CAD
|
|
Dynamic Active Enhanced
Yield Covered Options ETF
|
DXQ
|
0.74666
|
CAD
|
|
Dynamic Active Global
Dividend ETF
|
DXG
|
6.24679
|
CAD
|
|
Dynamic Active Global
Dividend ETF
|
DXG.U
|
0.00000
|
USD
|
|
Dynamic Active Global
Equity Income ETF
|
DXGE
|
0.43690
|
CAD
|
|
Dynamic Active Global
Financial Services ETF
|
DXF
|
0.00000
|
CAD
|
|
Dynamic Active Global
Gold ETF
|
DXAU
|
1.11812
|
CAD
|
|
Dynamic Active Global
Infrastructure ETF
|
DXN
|
0.00000
|
CAD
|
|
Dynamic Active
International Dividend ETF
|
DXW
|
0.00000
|
CAD
|
|
Dynamic Active
International ETF
|
DXIF
|
0.00000
|
CAD
|
|
Dynamic Active Mining
Opportunities ETF
|
DXMO
|
0.00000
|
CAD
|
|
Dynamic Active
Preferred Shares ETF
|
DXP
|
0.00000
|
CAD
|
|
Dynamic Active Real
Estate ETF
|
DXRE
|
0.19906
|
CAD
|
|
Dynamic Active
Retirement Income ETF
|
DXR
|
0.00000
|
CAD
|
|
Dynamic Active Tactical
Bond ETF
|
DXB
|
0.00000
|
CAD
|
|
Dynamic Active Ultra
Short Term Bond ETF
|
DXV
|
0.00000
|
CAD
|
|
Dynamic Active U.S.
Dividend ETF
|
DXU
|
3.16459
|
CAD
|
|
Dynamic Active U.S.
Dividend ETF
|
DXU.U
|
0.00000
|
USD
|
|
Dynamic Active U.S.
Equity ETF
|
DXUS
|
0.13453
|
CAD
|
|
Dynamic Active U.S.
Equity ETF
|
DXUS.U
|
0.01391
|
USD
|
|
Dynamic Active U.S.
Investment Grade Corporate Bond ETF
|
DXBU
|
0.46984
|
CAD
|
|
Dynamic Active U.S.
Mid-Cap ETF
|
DXZ
|
0.05189
|
CAD
|
|
Dynamic Credit
Opportunities Fund – ETF Series (1)
|
DXCO
|
N/A
|
CAD
|
|
Dynamic Global Fixed
Income Fund – ETF Series (1)
|
DXBG
|
N/A
|
CAD
|
|
Dynamic Short Term
Credit PLUS Fund – ETF Series (1)
|
DXCP
|
N/A
|
CAD
|
(1)Reinvested distribution estimates are
not available for these ETF Series that were launched after
October 31, 2024.
Forward-looking information
This notice contains forward-looking statements with respect to
the year-end reinvested distributions for the Dynamic Active ETFs
and ETF Series. By their nature, these forward-looking statements
involve risks and uncertainties that could cause the actual
distributions to differ materially from the estimated distributions
set forth in this notice. Factors that could cause the actual
distributions to differ from the estimated distributions between
now and the Dynamic Active ETFs and Dynamic Funds' tax year end
include, but are not limited to, the trading activity within the
Dynamic Active ETFs and Dynamic Funds, and subscription and
redemption activity.
To learn more about Dynamic Funds and Dynamic Active ETFs,
please visit the Dynamic Funds website.
Commissions, trailing commissions, management fees and expenses
may be associated with mutual fund investments. Please read the
prospectus before investing. Mutual funds are not guaranteed or
insured by the Canada Deposit Insurance Corporation or any other
government deposit insurer, their values change frequently, and
past performance may not be repeated.
Series A units are available for purchase to all investors,
while Series F units are only available to investors who
participate in eligible fee-based or wrap programs with their
registered dealers. Differences in performance between these series
are primarily due to differences in management fees and fixed
administration fees. Performance results for Series F units may
also appear higher than for Series A units as the management fee
does not include the trailing commission.
About Dynamic Funds
Dynamic Funds is a division of 1832 Asset Management L.P., which
offers a range of wealth management solutions, including mutual
funds, actively managed ETFs, liquid alternative mutual funds and
investment solutions for private clients, institutional clients and
managed asset programs. 1832 Asset Management L.P. is a limited
partnership, the general partner of which is wholly owned by
Scotiabank. Dynamic Funds® is a registered trademark of The Bank of
Nova Scotia, used under license
by, and is a division of, 1832 Asset Management L.P.
© Copyright 2024 The Bank of Nova Scotia. All rights
reserved.
Website: www.dynamic.ca |X: @DynamicFunds |
LinkedIn:
https://www.linkedin.com/company/dynamic-funds/
SOURCE Dynamic Funds
