Dynamic introduces new high-yield fund

Toronto-based Dynamic Funds, managed by Toronto-based GCIC Ltd., has introduced Dynamic High Yield Credit Fund, which offers investors an active approach to investing in the high-yield debt market. This is the first Dynamic fund to be managed by the new GCIC debt team in Montreal, led by Marc-André Gaudreau, vice president and portfolio manager. The fund seeks to invest in a broad range of high-yielding debt securities, including high-yield bonds, investment-grade corporate bonds, preferred shares, bank loans and a variety of other debt investments. In addition, the fund seeks to produce attractive risk-adjusted returns during various credit cycles by following a disciplined, repeatable investment process that combines quantitative, bottom-up analysis of individual companies and securities with a top-down, macroeconomic overlay. Advisor commissions are 0%-5% for front-end sales, 5% for deferred sales charges (DSC) and 2.5% for the low-load option. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 for the regular DSC schedule; or begin at 3% for the first 18 months and end at zero after Year 3 of the low-load schedule. Trailing commissions are 0.75% for front-end sales; 0.3% for deferred sales; and 0.3% for the first three years of low-load sales, and 0.75% thereafter. Management fees are 1.75% for A-class units and 1% for F-class units. Minimum investment is $500.

(cohara@investmentexecutive.com).