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 RR | Current RR | Fund Name |
---|---|---|
L | LM | Dynamic Edge Balanced Income Portfolio |
L | LM | Marquis Balanced Income Portfolio |
L | LM | Dynamic Strategic Yield Fund |
L | LM | Dynamic Strategic Yield Class |
L | LM | Dynamic Dividend Income |
L | LM | Marquis Balanced Portfolio |
L | LM | Dynamic Dividend Income Class |
LM | M | Dynamic Dividend Advantage Fund |
LM | M | Dynamic Dynamic Global Discovery Fund |
LM | M | Dynamic Blue Chip Equity Fund |
LM | M | Dynamic Edge Equity Portfolio |
LM | M | Dynamic Dividend Advantage Class |
LM | M | Dynamic Global Discovery Class |
LM | M | Dynamic US Dividend Advantage |
M | MH | Dynamic Energy Evolution |
M | MH | Dynamic European Equity Fund |
MH | H | Dynamic Strategic Energy Class |
As always, if you have questions or comments, contact the Compliance Department by email at compliance@gpwealth.ca.