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U.S. Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-15-2024)
$22.32
Change
-$0.15 (-0.68%)

As at March 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

Scotia U.S. Opportunities Fund - Series A

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Fund Returns

Inception Return (December 29, 2000): 3.71%

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 -0.14% 2.47% 0.57% 5.66% 14.00% 7.04% 9.35% 16.06% 10.73% 9.90% 8.65% 8.88% 7.27% 8.41%
Benchmark 3.07% 13.26% 23.76% 13.26% 30.04% 14.00% 14.30% 19.94% 15.37% 15.05% 14.39% 15.08% 13.81% 15.28%
Category Average 2.94% 22.06% 22.06% 11.88% 26.39% 10.39% 10.21% 17.40% 12.02% 11.35% 11.08% 11.62% 10.10% 11.05%
Category Rank 1,358 / 1,374 1,336 / 1,361 1,320 / 1,343 1,336 / 1,361 1,233 / 1,288 1,024 / 1,216 784 / 1,158 800 / 1,095 752 / 993 681 / 887 689 / 812 630 / 706 603 / 652 538 / 573
Quartile Ranking 4 4 4 4 4 4 3 3 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 2.26% -1.62% 2.58% 1.30% 1.33% -4.37% 0.57% 6.31% -0.39% 2.47% 3.25% -0.14%
Benchmark 1.90% 0.62% 3.76% 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07%

Best Monthly Return Since Inception

10.58% (April 2020)

Worst Monthly Return Since Inception

-11.18% (June 2002)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 12.16% 9.60% 6.40% 1.01% -3.22% 23.17% 10.68% 29.07% -12.18% 12.33%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average 16.59% 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85%
Quartile Ranking 4 3 2 4 3 3 3 1 2 4
Category Rank 497/ 554 478/ 645 270/ 693 777/ 783 645/ 875 545/ 950 708/ 1,063 126/ 1,139 403/ 1,196 1,041/ 1,260

Best Calendar Return (Last 10 years)

29.07% (2021)

Worst Calendar Return (Last 10 years)

-12.18% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 91.34
International Equity 6.71
Cash and Equivalents 1.95

Sector Allocation

Sector Allocation
Name Percent
Technology 41.05
Healthcare 15.61
Consumer Goods 12.42
Industrial Services 11.90
Financial Services 9.23
Other 9.79

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.29
Europe 6.71

Top Holdings

Top Holdings
Name Percent
Microsoft Corp 7.34
Accenture PLC Cl A 6.71
Alphabet Inc Cl A 6.55
PepsiCo Inc 5.93
Stryker Corp 5.58
Intuit Inc 5.49
Apple Inc 5.24
UnitedHealth Group Inc 5.13
Marsh & McLennan Cos Inc 4.53
Mastercard Inc Cl A 3.77

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 U.S. Opportunities Fund - Series A

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 13.11% 14.23% 12.56%
Beta 0.83% 0.92% 0.91%
Alpha -0.02% -0.03% -0.05%
Rsquared 0.84% 0.87% 0.84%
Sharpe 0.55% 0.65% 0.60%
Sortino 0.82% 0.91% 0.71%
Treynor 0.09% 0.10% 0.08%
Tax Efficiency 100.00% 100.00% 100.00%
Volatility Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.26% 13.11% 14.23% 12.56%
Beta 0.78% 0.83% 0.92% 0.91%
Alpha -0.08% -0.02% -0.03% -0.05%
Rsquared 0.79% 0.84% 0.87% 0.84%
Sharpe 0.95% 0.55% 0.65% 0.60%
Sortino 2.10% 0.82% 0.91% 0.71%
Treynor 0.11% 0.09% 0.10% 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.

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

Fund Details

Start Date December 29, 2000
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $36

Fund Codes

FundServ Code Load Code Sales Status
BNS391

Investment Objectives

The fund’s objective is to achieve long-term capital growth. It invests primarily in equity securities of U.S. companies.

Investment Strategy

The portfolio adviser uses fundamental analysis to identify companies that are priced below their estimated intrinsic value. This involves evaluating the financial condition and management of each company relative to its industry and sector peers. The Fund’s assets are diversified by industry and company to help reduce risk.

Portfolio Manager(s)

Name Start Date
Damian Hoang 10-04-2019
Jensen Investment Management Inc. 02-08-2021

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 2.32%
Management Fee 1.75%
Load No Load
FE Max 0.00%
DSC Max 0.00%
LL 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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