(As of 5/31/2025)

Dynamic Active Preferred Shares ETF (DXP)

(Preferred Share Fixed Income)
FundGrade A+® Rating recipient
For more information about FundGrade click here
2023
2022
2021



Inception Return
(1/20/2017) 		6.88 %
YTD Return 4.60 %
NAVPS
(6/16/2025) 		$24.11
Change $0.05 / 0.21 %
Growth of $10,000 (As of May 31, 2025)
MER 0.65 %
Assets ($mil) -
Rank (1Yr) 3/63
Std Dev (3Yr) 16.48 %
Volatility Ranking (3Yr) 5/10
RRSP Eligibility Yes
Load No Load
Max Front End -
Max Back End -
Sales Status Open
 
Objective
DXP seeks to provide dividend income while preserving capital by investing primarily in preferred shares of Canadian based businesses. Exposure to these types of securities will be obtained by investing primarily in Dynamic Active Preferred Shares Fund (the “Dynamic APS Fund”), and/or by investing directly in them, in securities of one or more Other Funds, and/or through the use of derivatives.
Fund Manager

1832 Asset Management L.P.

Portfolio Manager

Marc-André Gaudreau, 1832 Asset Management L.P.

Roger Rouleau, 1832 Asset Management L.P.

Jeremy Lucas, 1832 Asset Management L.P.

Sub-Advisor
-
 
Asset Allocation
(As of March 31, 2025)
Sector Allocation
(As of March 31, 2025)
Geographic Allocation
(As of March 31, 2025)
Top 10 Holdings
NameAssetSectorGeographicPercent
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentCanada2.17%
Fairfax Financial Holdings Ltd - Pfd Sr ICanadian EquityFinancial ServicesCanada2.06%
TC Energy Corp - Pfd Sr 7Canadian EquityEnergyCanada1.95%
Enbridge Inc - Pfd Cl A Sr 3Canadian EquityEnergyCanada1.84%
Fortis Inc - Pfd Sr MCanadian EquityUtilitiesCanada1.82%
TC Energy Corp - Pfd Sr 1Canadian EquityEnergyCanada1.81%
TransAlta Corp - Pfd Sr CCanadian EquityUtilitiesCanada1.53%
Great-West Lifeco Inc - Pfd Sr GCanadian EquityFinancial ServicesCanada1.52%
BCE Inc - Pfd Sr AKCanadian EquityTelecommunicationsCanada1.49%
Manulife Financial Corp - Pfd CL 1 Sr 17Canadian EquityFinancial ServicesCanada1.49%

Performance Data (As of May 31, 2025)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 5.43 1.45 7.37 4.60 15.21 8.21 14.49 -   
Benchmark 5.05 1.65 7.11 4.40 13.99 5.88 10.86 4.10
Quartile Ranking 1 2 1 1 1 1 1 -

Calendar Return (%) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Fund 26.79 7.28 -15.52 27.90 5.59 3.84 -9.57 -      -      -     
Benchmark 24.70 5.90 -18.08 19.35 6.16 3.48 -7.93 13.62 6.98 -14.95
Quartile Ranking 2 2 2 1 3 2 3 - - -

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