DXB Dynamic Active Tactical Bond ETF

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 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:

Fixed administration fee reductions will also be made on the following fixed income and money market funds:

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.

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:

⁽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