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Scotia Mortgage Income Fund - Series A

Cdn Short Term Fixed Inc

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(06-12-2024)
$10.73
Change
$0.00 (0.01%)

As at May 31, 2024

As at April 30, 2024

Period
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Legend

Scotia Mortgage Income Fund - Series A

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Fund Returns

Inception Return (November 04, 1992): 3.36%

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 0.72% 2.43% 3.28% 3.32% 5.08% 2.91% 2.11% 1.87% 1.93% 1.94% 1.87% 1.76% 1.64% 1.49%
Benchmark 0.86% 1.00% 2.40% 0.91% 4.58% 2.58% 0.36% 0.62% 1.27% 1.72% 1.37% 1.41% 1.39% 1.57%
Category Average 0.77% 2.58% 2.58% 0.94% 4.50% 2.46% 0.17% 0.73% 1.05% 1.35% 1.06% 1.08% 0.98% 1.03%
Category Rank 209 / 318 18 / 315 55 / 282 18 / 282 108 / 272 141 / 260 34 / 244 40 / 229 52 / 221 76 / 207 52 / 195 56 / 180 60 / 166 62 / 150
Quartile Ranking 3 1 1 1 2 3 1 1 1 2 2 2 2 2

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.55% 0.56% 0.42% 0.19% 0.01% 0.00% -0.04% 0.33% 0.54% 0.79% 0.90% 0.72%
Benchmark -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86%

Best Monthly Return Since Inception

3.42% (November 1993)

Worst Monthly Return Since Inception

-4.17% (March 1994)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.04% 0.77% 0.96% 1.14% 2.17% 2.06% 1.60% 0.55% -0.38% 3.01%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 4 3 3 1 1 4 4 1 1 4
Category Rank 129/ 140 118/ 161 97/ 174 44/ 182 5/ 202 189/ 218 215/ 228 30/ 234 23/ 248 256/ 262

Best Calendar Return (Last 10 years)

3.01% (2023)

Worst Calendar Return (Last 10 years)

-0.38% (2022)

Asset Allocation

Asset Allocation
Name Percent
Mortgages 88.94
Cash and Equivalents 11.06

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.94
Cash and Cash Equivalent 11.06

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Mortgages - Conventional 88.94
Cash and Cash Equivalents 11.06

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Scotia Mortgage Income Fund - Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 0.96% 0.77% 0.61%
Beta 0.01% 0.01% 0.00%
Alpha 0.02% 0.02% 0.01%
Rsquared 0.00% 0.00% 0.00%
Sharpe -0.81% -0.16% 0.06%
Sortino -1.24% -1.68% -2.33%
Treynor -1.49% -0.19% -2.46%
Tax Efficiency 50.57% 51.71% 43.85%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 1.10% 0.96% 0.77% 0.61%
Beta -0.25% 0.01% 0.01% 0.00%
Alpha 0.06% 0.02% 0.02% 0.01%
Rsquared 0.31% 0.00% 0.00% 0.00%
Sharpe 0.12% -0.81% -0.16% 0.06%
Sortino 4.36% -1.24% -1.68% -2.33%
Treynor -0.01% -1.49% -0.19% -2.46%
Tax Efficiency 62.48% 50.57% 51.71% 43.85%

Fund Details

Start Date November 04, 1992
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,024

Fund Codes

FundServ Code Load Code Sales Status
BNS361

Investment Objectives

The fund’s objective is to provide regular interest income. It invests primarily in high quality mortgages on residential properties in Canada.

Investment Strategy

The portfolio adviser uses interest rate and yield curve analysis to select individual investments and manage the Fund’s average term to maturity. The mortgages purchased by the Fund are generally either: insured or guaranteed by Canadian federal or provincial governments, or their agencies, or conventional first mortgages with loan-to-value ratios of no more than 80%, unless the excess is insured by an insurance company registered or licensed under federal or provincial legislation.

Portfolio Manager(s)

Name Start Date
Kevin Pye 12-02-2010
Derek Amery 05-01-2024

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 1.48%
Management Fee 1.10%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.63%
Trailer Fee Max (LL) -

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