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Scotia Income Advantage Fund - Series A

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Global Neutral Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(05-03-2024) 		$10.55
Change
$0.05 (0.46%)

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Scotia Income Advantage Fund - Series A

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Fund Returns

Inception Return (July 12, 2011): 4.74%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 1.13% 2.43% 8.09% 2.43% 5.01% -0.07% 2.85% 5.32% 3.60% 3.97% 3.48% 4.02% 3.38% 3.87%
Benchmark 1.80% 5.77% 13.57% 5.77% 12.38% 6.05% 3.87% 6.63% 5.64% 5.56% 5.88% 6.44% 5.97% 7.01%
Category Average 1.96% 12.03% 12.03% 4.49% 10.15% 3.31% 3.22% 7.67% 4.79% 4.62% 4.52% 5.09% 4.15% 4.67%
Category Rank 1,672 / 1,735 1,635 / 1,735 1,645 / 1,711 1,635 / 1,735 1,630 / 1,684 1,603 / 1,617 906 / 1,434 1,197 / 1,358 1,052 / 1,301 786 / 1,166 794 / 1,007 748 / 935 624 / 824 534 / 691
Quartile Ranking 4 4 4 4 4 4 3 4 4 3 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.56% -2.65% 1.60% 0.66% -0.68% -3.25% -1.68% 4.55% 2.67% 0.05% 1.23% 1.13%
Benchmark 1.29% -1.31% 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80%

Best Monthly Return Since Inception

4.99% (November 2020)

Worst Monthly Return Since Inception

-8.09% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.07% 4.38% 2.70% 6.11% -2.09% 12.01% 1.42% 13.32% -7.38% 3.52%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking 4 3 4 3 2 3 4 1 1 4
Category Rank 523/ 682 480/ 806 737/ 915 663/ 1,002 366/ 1,145 793/ 1,257 1,294/ 1,344 205/ 1,425 205/ 1,564 1,665/ 1,683

Best Calendar Return (Last 10 years)

13.32% (2021)

Worst Calendar Return (Last 10 years)

-7.38% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 27.54
US Equity 22.05
Cash and Equivalents 9.15
Foreign Government Bonds 8.46
Canadian Government Bonds 7.29
Other 25.51

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 28.00
Financial Services 13.40
Mutual Fund 10.36
Cash and Cash Equivalent 9.15
Energy 6.77
Other 32.32

Geographic Allocation

Geographic Allocation
Name Percent
North America 86.08
Multi-National 12.25
Latin America 1.34
Europe 0.37
Other -0.04

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 8.86
1832 AM U.S. $ Investment Grade U.S. Corp Bon Pl I 5.12
1832 AM Total Return Bond LP Ser I 4.72
Dynamic ST Credit PLUS Fd Ser O 3130 4.62
Canada Government 1.25% 01-Mar-2027 4.15
United States Treasury 2.75% 15-Aug-2032 3.65
Royal Bank of Canada 2.98
Canada Government 1.50% 01-Dec-2031 2.69
United States Treasury 3.00% 15-Aug-2052 2.51
Microsoft Corp 2.27

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: .
Period: 

Risk vs Return (3 Yr)

Scotia Income Advantage Fund - Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 8.18% 8.30% 6.85%
Beta 0.77% 0.86% 0.72%
Alpha 0.00% -0.01% -0.01%
Rsquared 0.72% 0.70% 0.66%
Sharpe 0.06% 0.24% 0.39%
Sortino 0.02% 0.14% 0.21%
Treynor 0.01% 0.02% 0.04%
Tax Efficiency 31.28% 45.28% 46.48%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.72% 8.18% 8.30% 6.85%
Beta 0.93% 0.77% 0.86% 0.72%
Alpha -0.06% 0.00% -0.01% -0.01%
Rsquared 0.81% 0.72% 0.70% 0.66%
Sharpe 0.06% 0.06% 0.24% 0.39%
Sortino 0.43% 0.02% 0.14% 0.21%
Treynor 0.00% 0.01% 0.02% 0.04%
Tax Efficiency 59.28% 31.28% 45.28% 46.48%

Fund Details

Start Date July 12, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
BNS309

Investment Objectives

The fund’s objective is to provide regular income and long term capital growth. It invests primarily in a diversified portfolio of fixed income and income-oriented equity securities.

Investment Strategy

The Fund uses a flexible approach to investing primarily in fixed income and income-oriented equity securities with no restrictions on market capitalization, industry sector or geographic mix. The Fund’s asset mix will vary according to the portfolio adviser’s view of market and economic conditions. The Fund may hold mortgage-backed securities, participation interests in loans, notes, closed end funds and private placements in equity and/or debt securities of public or private companies.

Portfolio Manager(s)

Name Start Date
Domenic Bellissimo 11-01-2011
Tom Dicker 06-25-2020
Jason Gibbs 01-27-2022

Management and Organization

Fund Manager 1832 Asset Management L.P.
Advisor 1832 Asset Management L.P.
Custodian State Street Trust Company Canada
Registrar 1832 Asset Management L.P.
Distributor Scotia Securities Inc.
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.92%
Management Fee 1.65%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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