Compliance Memo

CM_2023-01; Change to Risk Rating re Dynamic Funds

For more information, contact:

Compliance Team
compliance@gpwealth.ca

Date Issued:

December 13, 2022

Dynamic Mutual Funds has recently increased the Risk Rating for several of its funds. They are listed below for your reference.

  • In accordance with your suitability obligations, you must review each client portfolio that holds any of the below funds to ensure the portfolios are still suitable and on-side. If they are no longer suitable and/or the portfolio is offside, you need to meet with your client(s) to make recommendations to bring the portfolio(s) on-side. Please note that it is not acceptable to change the KYC to align with the holdings. 
  • As a change to the Risk Rating is material, you also need to update your KYP spreadsheet with the changes to each fund to evidence your review in accordance with your KYP obligations .

Previous RRCurrent RRFund Name
LLMDynamic Edge Balanced Income Portfolio
LLMMarquis Balanced Income Portfolio
LLMDynamic Strategic Yield Fund
LLMDynamic Strategic Yield Class
LLMDynamic Dividend Income
LLMMarquis Balanced Portfolio
LLMDynamic Dividend Income Class
LMMDynamic Dividend Advantage Fund
LMMDynamic Dynamic Global Discovery Fund
LMMDynamic Blue Chip Equity Fund
LMMDynamic Edge Equity Portfolio
LMMDynamic Dividend Advantage Class
LMMDynamic Global Discovery Class
LMMDynamic US Dividend Advantage
MMHDynamic Energy Evolution
MMHDynamic European Equity Fund
MHHDynamic Strategic Energy Class

As always, if you have questions or comments, contact the Compliance Department by email at compliance@gpwealth.ca.