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Scotia INNOVA Balanced Income Portfolio - Series A

Global Fixed Inc Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2014

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NAVPS
(07-12-2024)
$14.95
Change
$0.06 (0.38%)

As at June 30, 2024

As at May 31, 2024

Period
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Legend

Scotia INNOVA Balanced Income Portfolio - Series A

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Fund Returns

Inception Return (January 20, 2009): 4.55%

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 0.45% 0.44% 3.03% 3.03% 6.28% 6.42% 0.88% 2.34% 2.13% 2.51% 2.41% 2.59% 2.59% 2.80%
Benchmark 1.45% 0.83% 3.69% 3.69% 8.45% 6.96% 0.12% 0.17% 1.82% 2.40% 2.79% 2.80% 3.59% 4.40%
Category Average 0.76% 3.08% 3.08% 3.08% 7.31% 6.18% 0.28% 2.50% 2.53% 2.81% 2.73% 2.98% 2.83% 2.91%
Category Rank 815 / 964 848 / 954 511 / 954 511 / 954 739 / 912 444 / 896 294 / 813 381 / 770 429 / 734 356 / 638 337 / 587 305 / 518 234 / 423 185 / 335
Quartile Ranking 4 4 3 3 4 2 2 2 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.19% -0.38% -2.83% -0.71% 4.59% 2.41% 0.13% 1.27% 1.17% -1.69% 1.70% 0.45%
Benchmark 0.72% 1.08% -3.41% 0.82% 3.70% 1.73% 0.36% 1.41% 1.04% -1.39% 0.79% 1.45%

Best Monthly Return Since Inception

4.59% (November 2023)

Worst Monthly Return Since Inception

-5.58% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.60% 2.85% 3.47% 3.89% -1.66% 8.04% 4.53% 4.34% -9.55% 7.58%
Benchmark 11.35% 16.91% 0.39% 3.81% 5.53% 6.30% 9.09% -0.49% -11.13% 6.74%
Category Average 6.43% 1.21% 4.39% 5.49% -2.85% 9.97% 7.08% 4.51% -11.10% 7.71%
Quartile Ranking 2 3 3 3 2 4 4 3 2 3
Category Rank 141/ 317 240/ 392 278/ 454 363/ 531 252/ 606 593/ 700 628/ 756 410/ 807 265/ 861 506/ 902

Best Calendar Return (Last 10 years)

8.04% (2019)

Worst Calendar Return (Last 10 years)

-9.55% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 20.86
Foreign Bonds - Funds 17.60
International Equity 16.33
Canadian Equity 11.64
US Equity 9.94
Other 23.63

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 53.46
Mutual Fund 27.61
Cash and Cash Equivalent 6.16
Financial Services 2.87
Technology 1.54
Other 8.36

Geographic Allocation

Geographic Allocation
Name Percent
North America 65.75
Multi-National 31.06
Europe 2.31
Asia 0.48
Latin America 0.28
Other 0.12

Top Holdings

Top Holdings
Name Percent
Scotia Canadian Income Fund Series I 20.46
1832 AM Total Return Bond LP Ser I 11.50
Scotia Wealth Short-Mid Government Bond Pool - I 8.68
Scotia Canadian Dividend Fund Series A 7.72
1832 AM Global Credit Pool Ser I 6.10
Scotia Wealth Canadian Corporate Bond Pool K 5.61
Scotia Mortgage Income Fund Series A 5.59
Scotia Global Growth Fund Ser I 4.96
1832 AM Global Low Vol Equity LP Ser I 3.51
1832 AM U.S. Low Volatility Eq LP Ser I 3.47

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Scotia INNOVA Balanced Income Portfolio - Series A

Median

Other - Global Fixed Inc Balanced

3 Yr Annualized

Standard Deviation 7.38% 6.98% 5.64%
Beta 0.85% 0.78% 0.53%
Alpha 0.01% 0.01% 0.01%
Rsquared 0.71% 0.50% 0.40%
Sharpe -0.25% 0.04% 0.26%
Sortino -0.35% -0.13% -0.02%
Treynor -0.02% 0.00% 0.03%
Tax Efficiency 14.09% 67.58% 69.96%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 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 6.70% 7.38% 6.98% 5.64%
Beta 1.01% 0.85% 0.78% 0.53%
Alpha -0.02% 0.01% 0.01% 0.01%
Rsquared 0.80% 0.71% 0.50% 0.40%
Sharpe 0.22% -0.25% 0.04% 0.26%
Sortino 0.87% -0.35% -0.13% -0.02%
Treynor 0.01% -0.02% 0.00% 0.03%
Tax Efficiency 90.14% 14.09% 67.58% 69.96%

Fund Details

Start Date January 20, 2009
Instrument Type Mutual Fund (Wrap Program)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $1,556

Fund Codes

FundServ Code Load Code Sales Status
BNS331

Investment Objectives

The portfolio’s objective is to achieve a balance of current income and long term capital appreciation, with a bias towards income. It invests primarily in a diversified mix of mutual funds, and/or equity securities and/or fixed income securities located anywhere in the world.

Investment Strategy

The Portfolio is an asset allocation fund that allocates your investment between two asset classes: fixed income and equities. The following outlines the target weighting for each asset class in which the Portfolio invests - Fixed Income 60%, Equities 40%.

Portfolio Manager(s)

Name Start Date
Ian Taylor 05-08-2022
Wes Blight 05-18-2022
Yuko Girard 05-18-2022
Mark Fairbairn 05-18-2022
Craig Maddock 05-18-2022
Jenny Wang 01-01-2024

Management and Organization

Fund Manager 1832 Asset Management L.P.
Advisor 1832 Asset Management L.P.
Custodian Bank of Nova Scotia
Registrar 1832 Asset Management L.P.
Distributor Scotia Securities Inc.
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 50,000
SWP Min Withdrawal 50

Fees

MER 1.98%
Management Fee 1.70%
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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