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Multi-Sector Fixed Income
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2025
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|
NAVPS (02-05-2026) |
$9.47 |
|---|---|
| Change |
$0.01
(0.08%)
|
As at December 31, 2025
As at November 30, 2025
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Inception Return (October 06, 1997): 7.11%
| 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 | 0.23% | 1.19% | 3.45% | 5.94% | 5.94% | 7.44% | 9.63% | 9.21% | 13.66% | 10.01% | 9.66% | 7.99% | 7.14% | 7.53% |
| Benchmark | -1.47% | -1.01% | 2.46% | 4.31% | 4.31% | 7.00% | 6.41% | 1.97% | 0.68% | 1.77% | 2.08% | 2.63% | 2.47% | 2.35% |
| Category Average | -0.04% | 0.75% | 2.81% | 5.80% | 5.80% | 4.84% | - | - | - | - | - | - | - | - |
| Category Rank | 51 / 318 | 51 / 318 | 75 / 312 | 97 / 303 | 97 / 303 | 43 / 287 | 8 / 278 | 2 / 260 | 1 / 252 | 2 / 239 | 2 / 218 | 2 / 197 | 3 / 171 | 4 / 124 |
| Quartile Ranking | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Return % | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.36% | 0.71% | -0.19% | -0.42% | 0.95% | 0.96% | 0.50% | 0.74% | 0.97% | 0.44% | 0.51% | 0.23% |
| Benchmark | 1.41% | 1.02% | 0.37% | -1.88% | -0.45% | 1.36% | 0.41% | 0.79% | 2.27% | 0.61% | -0.13% | -1.47% |
8.75% (June 2020)
-18.38% (March 2020)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 11.06% | 0.59% | -2.99% | 7.57% | -6.58% | 33.37% | 7.98% | 14.13% | 8.97% | 5.94% |
| Benchmark | 1.29% | 1.23% | 6.50% | 4.01% | 7.35% | -4.31% | -10.27% | 5.25% | 9.76% | 4.31% |
| Category Average | - | - | - | - | - | - | - | - | 3.89% | 5.80% |
| Quartile Ranking | 1 | 4 | 4 | 3 | 4 | 1 | 1 | 1 | 1 | 2 |
| Category Rank | 22/ 124 | 140/ 171 | 165/ 197 | 121/ 218 | 238/ 239 | 1/ 252 | 2/ 260 | 2/ 278 | 41/ 287 | 97/ 303 |
33.37% (2021)
-6.58% (2020)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 54.69 |
| Foreign Corporate Bonds | 21.41 |
| Canadian Government Bonds | 8.88 |
| Cash and Equivalents | 8.02 |
| Foreign Government Bonds | 6.00 |
| Other | 1.00 |
| Name | Percent |
|---|---|
| Fixed Income | 90.98 |
| Cash and Cash Equivalent | 8.02 |
| Energy | 1.00 |
| Name | Percent |
|---|---|
| North America | 99.98 |
| Europe | 0.01 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Guardian Short Duration Bond Fund Series I | 8.40 |
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 8.29 |
| Inter Pipeline Ltd 6.63% 19-Nov-2079 | 6.58 |
| Gibson Energy Inc 5.25% 22-Dec-2080 | 5.73 |
| United States Treasury 3.38% 15-May-2033 | 5.19 |
| CANADA T BILL | 4.86 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 4.52 |
| Keyera Corp 3.96% 29-May-2030 | 4.18 |
| GOEASY LTD | 3.93 |
| CES Energy Solutions Corp 6.88% 24-May-2029 | 3.84 |
Scotia Wealth High Yield Income Pool Pinnacle Series
Median
Other - Multi-Sector Fixed Income
| Standard Deviation | 3.32% | 6.31% | 9.26% |
|---|---|---|---|
| Beta | 0.42% | -0.04% | 0.00% |
| Alpha | 0.07% | 0.13% | 0.08% |
| Rsquared | 0.37% | 0.00% | 0.00% |
| Sharpe | 1.63% | 1.64% | 0.64% |
| Sortino | 7.63% | 4.85% | 0.69% |
| Treynor | 0.13% | -2.46% | 51.50% |
| Tax Efficiency | 75.23% | 79.18% | 64.11% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.53% | 3.32% | 6.31% | 9.26% |
| Beta | 0.23% | 0.42% | -0.04% | 0.00% |
| Alpha | 0.05% | 0.07% | 0.13% | 0.08% |
| Rsquared | 0.39% | 0.37% | 0.00% | 0.00% |
| Sharpe | 2.08% | 1.63% | 1.64% | 0.64% |
| Sortino | 3.50% | 7.63% | 4.85% | 0.69% |
| Treynor | 0.14% | 0.13% | -2.46% | 51.50% |
| Tax Efficiency | 63.42% | 75.23% | 79.18% | 64.11% |
| Start Date | October 06, 1997 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Institutional |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIN215 |
The fund’s investment objective is to achieve superior long term returns and to provide income as well as capital growth by investing primarily in high yield, lower rated Canadian corporate bonds, preferred shares and short term money market securities.
The Fund’s investments will generally have an average credit rating of BB to BBB. The Fund’s investments may also include investing up to 55% of its assets in securities rated below BB. The average term to maturity of the Fund’s investments will vary depending on market conditions. The portfolio adviser adjusts the average term to maturity to try to maximize returns while minimizing interest rate risk. The portfolio adviser may actively trade the Fund’s investments.
| Portfolio Manager |
1832 Asset Management L.P. |
|---|---|
| Sub-Advisor |
Guardian Capital LP
|
| Fund Manager |
1832 Asset Management L.P. |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
1832 Asset Management L.P. |
| Distributor |
Bank of Nova Scotia (Scotia Capital) |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 500 |
| SWP Allowed | Yes |
| SWP Min Balance | 50,000 |
| SWP Min Withdrawal | 0 |
| MER | 0.17% |
|---|---|
| Management Fee | 0.11% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | 0.00% |
| Trailer Fee Max (LL) | - |
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