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Scotia European Equity Fund - Series A

European Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

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NAVPS
(04-17-2024)
$18.32
Change
$0.02 (0.09%)

As at March 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Scotia European Equity Fund - Series A

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Fund Returns

Inception Return (October 01, 1996): 2.73%

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 2.44% 6.20% 18.74% 6.20% 8.84% 5.54% 1.20% 9.67% 5.40% 3.13% 3.85% 4.53% 3.65% 3.67%
Benchmark 3.63% 7.29% 17.28% 7.29% 14.30% 11.36% 8.05% 13.27% 8.07% 6.59% 7.35% 7.94% 6.40% 6.69%
Category Average 2.61% 15.55% 15.55% 5.64% 12.75% 8.91% 4.30% 10.68% 5.21% 3.89% 4.68% 4.89% 4.14% 4.29%
Category Rank 68 / 112 63 / 112 26 / 112 63 / 112 106 / 112 95 / 112 98 / 111 78 / 109 68 / 109 84 / 102 72 / 95 55 / 82 57 / 78 51 / 70
Quartile Ranking 3 3 1 3 4 4 4 3 3 4 4 3 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 3.17% -5.14% 3.42% 1.45% -4.87% -6.16% -1.83% 9.41% 4.10% -0.93% 4.64% 2.44%
Benchmark 4.33% -5.65% 2.01% 2.73% -1.44% -4.13% -1.41% 7.87% 2.78% 0.64% 2.87% 3.63%

Best Monthly Return Since Inception

14.97% (November 2020)

Worst Monthly Return Since Inception

-14.97% (September 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund -6.73% 23.11% -7.08% 13.00% -12.67% 20.76% 12.83% 11.56% -26.03% 18.63%
Benchmark 3.06% 17.20% -3.54% 18.15% -7.68% 19.54% 3.59% 15.26% -10.82% 17.51%
Category Average -0.81% 17.33% -5.77% 14.98% -9.04% 15.21% 3.84% 11.84% -15.77% 16.91%
Quartile Ranking 4 1 3 3 4 1 2 3 4 2
Category Rank 66/ 68 17/ 78 50/ 82 65/ 93 83/ 101 26/ 106 28/ 109 73/ 111 103/ 112 35/ 112

Best Calendar Return (Last 10 years)

23.11% (2015)

Worst Calendar Return (Last 10 years)

-26.03% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 97.57
Foreign Government Bonds 2.01
Cash and Equivalents 0.42

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 18.92
Industrial Goods 16.05
Basic Materials 13.86
Technology 13.12
Consumer Services 12.49
Other 25.56

Geographic Allocation

Geographic Allocation
Name Percent
Europe 99.59
North America 0.42
Other -0.01

Top Holdings

Top Holdings
Name Percent
Novozymes A/S Cl B 3.82
LVMH Moet Hennessy Louis Vuitton SE 3.79
Dassault Systemes SE 3.78
Cie Financiere Richemont SA 3.65
Ryanair Holdings PLC - ADR 3.61
Sap SE 3.58
Accor SA 3.53
Relx PLC 3.51
Deutsche Boerse AG Cl N 3.50
Schneider Electric SE 3.40

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Scotia European Equity Fund - Series A

Median

Other - European Equity

3 Yr Annualized

Standard Deviation 19.57% 19.26% 16.31%
Beta 1.26% 1.19% 1.12%
Alpha -0.08% -0.04% -0.03%
Rsquared 0.90% 0.90% 0.89%
Sharpe 0.02% 0.27% 0.22%
Sortino 0.00% 0.32% 0.18%
Treynor 0.00% 0.04% 0.03%
Tax Efficiency 100.00% 100.00% 97.59%
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 16.22% 19.57% 19.26% 16.31%
Beta 1.17% 1.26% 1.19% 1.12%
Alpha -0.07% -0.08% -0.04% -0.03%
Rsquared 0.89% 0.90% 0.90% 0.89%
Sharpe 0.31% 0.02% 0.27% 0.22%
Sortino 0.66% 0.00% 0.32% 0.18%
Treynor 0.04% 0.00% 0.04% 0.03%
Tax Efficiency 100.00% 100.00% 100.00% 97.59%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date October 01, 1996
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $16

Fund Codes

FundServ Code Load Code Sales Status
BNS376

Investment Objectives

The fund’s objective is long-term capital growth. It invests primarily in a broad range of high quality equity securities of companies in Europe.

Investment Strategy

The portfolio adviser uses fundamental analysis to identify investments that have the potential for above-average growth over the long term. This involves evaluating the financial condition and management of each company, as well as its industry and the economy. The Fund’s assets are diversified by industry and company to help reduce risk. The Fund may invest in other mutual funds which are managed by us, or one of our affiliates or associates, or by other mutual fund managers.

Portfolio Manager(s)

Name Start Date
Benjamin Zhan 07-16-2018

Management and Organization

Fund Manager 1832 Asset Management L.P.
Advisor 1832 Asset Management L.P.
Custodian The 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 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.34%
Management Fee 1.75%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) 0.00%
Trailer Fee Max (DSC) 0.00%
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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