The Dynamic Short Term Credit PLUS Fund ETF Series announced on May 19 a monthly cash distribution of C$0.095 per share to unitholders. This distribution is scheduled for payment on May 29, with a record date of May 26, which is also the ex-dividend date.

The monthly distribution remains consistent with the fund's previous payout level. DXCP is an actively managed exchange-traded fund sponsored and managed by 1832 Asset Management L.P. It was established on January 27, 2022, and is domiciled in Canada. The fund primarily invests in U.S. and Canadian investment-grade corporate fixed-income securities with maturities typically under five years and may use derivative instruments to enhance returns.

The C$0.095 distribution is unchanged from the fund's recent monthly distributions. Historical data shows DXCP has maintained this C$0.095 per share monthly payout for the past several months. Based on the current price, the fund's distribution yield is approximately 5.69%.

The fund's objective is to provide income and some capital appreciation while preserving capital and maintaining liquidity by investing in short-term, investment-grade fixed-income securities in North America. To achieve its goal, the fund may employ alternative strategies, including creating leverage through cash borrowing, short selling, and derivative contracts.

As of March 31, 2026, the fund's top ten holdings constituted 50.2% of total assets, with a focus on Canada's six largest banks and energy companies. In terms of asset allocation, Canadian corporate bonds accounted for 141.3% of the portfolio, U.S. corporate bonds for 40.1%, with hedging achieved through short positions in government bonds. The credit rating distribution is predominantly BBB, representing 129.5% of holdings, indicating an overall high credit quality.

Regarding performance, the fund reported a one-year return of 5.8% as of April 30, 2026, a three-year annualized return of 8.1%, and an annualized return since inception of 6.4%. Its calendar year 2025 return was 6.0%. The fund's assets under management are approximately C$948 million. The management fee ranges from 0.55% to 1.05%, depending on the investment amount.