Fixed Income Funds
DAMI Corporate Bond Fund
FundServ Code Series A – DUR101, Series I – DUR102, and Series F – DUR103
Fund Overview
The DAMI Corporate Bond Fund is an actively managed fixed‑income strategy focused on generating long‑term, risk‑adjusted returns through investments in Canadian and U.S. corporate debt securities. The Fund is managed using a disciplined, bottom‑up approach to credit selection, with active management of duration and credit exposure across market cycles.
The Fund is managed by Durham Asset Management Inc., a Canadian investment firm registered as a Portfolio Manager and Investment Fund Manager. The Fund is offered to Canadian investors pursuant to a Simplified Prospectus and complies with applicable regulatory and governance requirements.
Investment Objective
The Fund’s investment objective is to generate long‑term positive returns exceeding the ICE BofA Canada Corporate Index, while maintaining an overall investment‑grade credit profile.
Investment Strategy
The Fund employs an active, research‑driven investment process focused on corporate credit selection and portfolio construction.
Key elements of the strategy include:
- Bottom‑up security selection across Canadian and U.S. corporate issuers
- Active management of duration and credit exposure
- Participation in primary market new issue opportunities
- Relative‑value positioning within and across sectors
- Limited exposure to below‑investment‑grade securities (up to 20% of NAV)
- Portfolio construction designed to maintain an investment‑grade profile overall
The strategy is implemented within predefined risk and diversification parameters set out in the Fund’s prospectus. [durhamasset.ca]
Portfolio Construction & Risk Management
Risk management is an integral component of the Fund’s investment process. Portfolio construction reflects a balance between income generation, capital preservation, and credit risk control.
Key risk management practices include:
- Diversification across issuers, sectors, and maturities
- Monitoring of portfolio duration relative to benchmarks
- Ongoing assessment of issuer fundamentals and credit spreads
- Limits on exposure to lower‑rated securities
- Continuous review of liquidity and market conditions
The Fund’s risk profile and investment parameters are reviewed regularly to ensure alignment with its stated objectives.
Eligible Investments
The Fund may invest in:
- Canadian corporate bonds
- U.S. corporate bonds
- Investment‑grade and select high‑yield securities
- New issue and secondary market debt instruments
The Fund does not pursue leverage or derivative strategies beyond those permitted under securities regulation and the Simplified Prospectus.
Distribution Policy
The Fund may make quarterly distributions to unitholders. Distribution amounts and frequency are not guaranteed and may vary based on portfolio income, market conditions, and the Manager’s discretion.
Distributions, if any, are derived from the Fund’s net income and do not represent a return of capital unless explicitly stated.
Liquidity & Redemptions
Units of the Fund are redeemable on demand on each business day, subject to applicable notice requirements and the provisions set out in the Fund’s Simplified Prospectus.
Redemptions are processed based on the Fund’s next calculated net asset value per unit. Under certain market conditions, redemption processing may be suspended as permitted under securities regulation.
Fund Structure
| Attribute | Description |
|---|---|
| Legal Structure | Mutual Fund Trust |
| Jurisdiction | Ontario, Canada |
| Manager | Durham Asset Management Inc. |
| Regulation | NI 81‑102 / NI 81‑106 |
| Offering Document | Simplified Prospectus |
| Unit Classes | Series A, F, I |
| Valuation Frequency | Daily |
Tax Considerations
Distributions from the Fund are taxable to investors in accordance with Canadian income tax legislation and may consist of income, capital gains, or other components depending on the Fund’s results.
Units of the Fund are generally eligible for registered plans such as RRSPs, RRIFs, and TFSAs, subject to applicable tax rules. Investors should consult their own tax advisors regarding the tax implications of an investment in the Fund
Risk Considerations
An investment in the Fund involves risks, including but not limited to:
- Credit risk
- Interest rate risk
- Liquidity risk
- Market volatility
- Issuer‑specific risk
There can be no assurance that the Fund will achieve its investment objective. Prospective investors should carefully review the Simplified Prospectus and other disclosure documents before investing.
Fund Documents
Important Disclosure
This page is provided for information purposes only and does not constitute an offer to sell or a solicitation to buy securities. Any investment in the Fund is made solely pursuant to the applicable offering documents.