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For Universal Life Investment Accounts

Dynamic Financial Services Fund Series A

Financial Services Equity

As Of: Mar 31, 2024
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Fund Objective

Dynamic Financial Services Fund seeks to maximize return over the long-term in a manner consistent with the preservation of capital through investments primarily in Canadian companies that are involved in the financial services and wealth management sectors. Before a fundamental change is made to the investment objective of the Fund, the prior approval of unitholders is required. This approval must be given by a resolution passed by a majority of the votes cast at a meeting of unitholders

Asset Allocation

Asset Percent
Canadian Equity 44.04%
US Equity 40.40%
Cash and Equivalents 12.20%
International Equity 1.75%
Income Trust Units 1.05%
Other 0.56%

Sector Allocation

Sector Percent
Financial Services 81.61%
Cash and Cash Equivalent 12.19%
Industrial Services 4.58%
Real Estate 1.05%
Mutual Fund 0.57%

Geo Allocation

Region Percent
North America 96.64%
Europe 1.75%
Latin America 1.05%
Multi-National 0.57%
Other -0.01%

Top Holdings

Name Percent
Royal Bank of Canada 5.88%
Toronto-Dominion Bank 5.88%
Bank of Montreal 4.73%
Visa Inc Cl A 4.36%
Sun Life Financial Inc 3.98%
John Hancock Lfe Insrnc Co USA 7.38% 15-Feb-2024 3.81%
Bank of Nova Scotia 3.48%
Brookfield Corp Cl A 3.42%
Ares Management Corp Cl A 3.39%
Apollo Global Management Inc 3.38%

Category

Financial Services Equity

General Info

Inception Date Oct 11, 1972
MER 2.45%
Total Assets
(in millions)		 $325.87

UL Fees

Wave 33 or later
Life Dimensions (Low Fees) 0.00%
Life Dimensions 1.25%
Wealth Dimensions 0.00%
Wave 32 or earlier (2016 or earlier)
Life Dimensions 2.25%
Life Dimensions (Low Fees) 1.00%
UL Investment Loan Plan 2.25%
Ultimate Dimension 0.50%

Fund Management Company

1832 Asset Management L.P.

Investment Style

This investment's style box characteristics are Large Growth.

Fund Growth

Period

Growth Summary

Table below lists the current growth and return for an investment of $10,000 at the fund's inception:

Investment Value $91,292.46
Rate of Return +812.92%
Values over period specified.

Legend

Dynamic Financial Services Fund Series A

Dow Jones Global Financials TR Index (C$)


Performance

1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr Inception
Fund 2.7 8.6 19.9 8.6 23.9 6.3 9.7 9.9 8.5
Dow Jones Global Financials TR Index (C$) 3.8 9.9 21.4 9.9 25.7 9.8 8.5 8.9 -
Quartile 4 2 2 2 2 3 2 2 -

Calendar Performance

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund 13.3 -15.3 25.0 4.9 28.0 -7.1 23.5 21.1 -1.9 9.5
Dow Jones Global Financials TR Index (C$) 13.4 -5.7 22.1 -5.2 19.4 -5.0 15.2 6.3 14.2 14.4
Quartile 2 4 4 1 1 2 1 2 3 4

Volatility

Volatility: 9

Risk vs. Return

Period

Dynamic Financial Services Fund Series A

Median

Other - Financial Services Equity

Risk & Tax Efficiency

3 Yr 5 Yr 10 Yr
Standard Deviation 16.81 16.91 13.79
Beta 1.18 0.98 0.87
Alpha -0.05 0.01 0.02
R-Squared 0.88 0.84 0.72
Sharpe Ratio 0.29 0.52 0.65
Sortino Ratio 0.38 0.66 0.78
Treynor 0.04 0.09 0.10
Tax Efficiency 74.84 85.01 82.42

Category

Financial Services Equity

General Info

Inception Date Oct 11, 1972
MER 2.45%
Total Assets
(in millions)		 $325.87

UL Fees

Wave 33 or later
Life Dimensions (Low Fees) 0.00%
Life Dimensions 1.25%
Wealth Dimensions 0.00%
Wave 32 or earlier (2016 or earlier)
Life Dimensions 2.25%
Life Dimensions (Low Fees) 1.00%
UL Investment Loan Plan 2.25%
Ultimate Dimension 0.50%

Fund Management Company

1832 Asset Management L.P.

Investment Style

This investment's style box characteristics are Large Growth.