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Scotia Resource Fund - Series A

Natural Resources Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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

Fundata ESG Grade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022, 2021, 2020, 2019, 2018

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NAVPS
(04-22-2024)
$39.66
Change
-$0.23 (-0.58%)

As at March 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

Scotia Resource Fund - Series A

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Fund Returns

Inception Return (July 08, 1993): 5.02%

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 6.21% 4.52% 5.06% 4.52% 1.39% 0.64% 12.69% 22.20% 10.59% 9.69% 8.04% 10.12% 8.49% 6.95%
Benchmark 10.75% 8.69% 8.09% 8.69% 5.74% -0.88% 12.02% 17.84% 8.22% 7.02% 4.58% 6.38% 3.91% 2.10%
Category Average 7.75% 5.73% 5.73% 5.89% 7.71% 1.94% 14.09% 28.30% 11.41% 7.92% 6.01% 7.97% 5.16% 2.36%
Category Rank 114 / 118 104 / 118 87 / 118 104 / 118 100 / 117 100 / 116 95 / 112 102 / 110 79 / 110 61 / 108 39 / 98 44 / 93 20 / 86 8 / 79
Quartile Ranking 4 4 3 4 4 4 4 4 3 3 2 2 1 1

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 2.80% -9.12% 3.22% 4.62% -1.24% -3.13% -2.47% 2.60% 0.44% -3.71% 2.21% 6.21%
Benchmark 3.89% -9.56% 1.78% 5.23% 0.19% -2.98% -2.12% 2.75% -1.11% -2.35% 0.51% 10.75%

Best Monthly Return Since Inception

44.17% (September 1998)

Worst Monthly Return Since Inception

-25.81% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.77% -14.48% 45.79% 10.79% -11.95% 18.62% 7.03% 19.19% 13.61% 0.80%
Benchmark -5.59% -23.78% 36.74% -1.69% -15.86% 20.06% -7.01% 21.57% 12.86% -0.78%
Category Average -12.08% -22.23% 40.92% -2.18% -21.77% 9.95% 5.03% 32.84% 13.19% 2.62%
Quartile Ranking 1 2 3 1 1 1 1 4 4 3
Category Rank 11/ 77 26/ 81 55/ 93 6/ 98 19/ 108 16/ 110 23/ 110 102/ 111 92/ 113 77/ 117

Best Calendar Return (Last 10 years)

45.79% (2016)

Worst Calendar Return (Last 10 years)

-14.48% (2015)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 60.44
International Equity 19.56
US Equity 15.42
Cash and Equivalents 4.58

Sector Allocation

Sector Allocation
Name Percent
Energy 47.65
Basic Materials 35.33
Cash and Cash Equivalent 4.58
Utilities 3.00
Other 9.44

Geographic Allocation

Geographic Allocation
Name Percent
North America 80.44
Asia 7.33
Europe 4.27
Other 7.96

Top Holdings

Top Holdings
Name Percent
Nexgen Energy Ltd 8.37
WA1 RESOURCES LTD 7.80
Bellevue Gold Ltd 6.58
Canadian Natural Resources Ltd 6.42
Ivanhoe Mines Ltd Cl A 5.90
ARC Resources Ltd 5.19
Exxon Mobil Corp 4.62
Diamondback Energy Inc 4.58
Cash and Cash Equivalents 4.58
Tourmaline Oil Corp 4.39

Equity Style

Market capitalization is medium. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Scotia Resource Fund - Series A

Median

Other - Natural Resources Equity

3 Yr Annualized

Standard Deviation 18.51% 21.85% 19.32%
Beta 0.91% 0.93% 0.90%
Alpha 0.02% 0.03% 0.05%
Rsquared 0.78% 0.82% 0.80%
Sharpe 0.60% 0.48% 0.37%
Sortino 0.86% 0.64% 0.43%
Treynor 0.12% 0.11% 0.08%
Tax Efficiency 100.00% 100.00% 100.00%
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 14.92% 18.51% 21.85% 19.32%
Beta 0.81% 0.91% 0.93% 0.90%
Alpha -0.03% 0.02% 0.03% 0.05%
Rsquared 0.89% 0.78% 0.82% 0.80%
Sharpe -0.16% 0.60% 0.48% 0.37%
Sortino -0.05% 0.86% 0.64% 0.43%
Treynor -0.03% 0.12% 0.11% 0.08%
Tax Efficiency 100.00% 100.00% 100.00% 100.00%

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.

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Fund Details

Start Date July 08, 1993
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $103

Fund Codes

FundServ Code Load Code Sales Status
BNS362

Investment Objectives

The fund’s objective is aggressive long-term capital growth. It invests primarily in equity securities of Canadian resource based companies, including companies that operate in the oil and gas, gold and precious metals, metals and minerals, and forest products industries.

Investment Strategy

The Fund invests in equity securities of businesses involved in the exploration or exploitation, development, production, processing, transportation or trading in base or ferrous metals, precious commodities (such as gold, silver, platinum, palladium and gems), coal, iron ore, uranium, energy commodities such as oil, natural gas, wind, alternative energy and other hydrocarbon products, lumber and lumber-related products, and other industrial materials.

Portfolio Manager(s)

Name Start Date
Robert Cohen 03-08-2011
Jennifer Stevenson 03-08-2011

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 2.04%
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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