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Scotia Income Advantage Fund - Series A

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Global Neutral Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(06-14-2024) 		$10.69
Change
-$0.01 (-0.05%)

As at May 31, 2024

As at April 30, 2024

Period
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Legend

Scotia Income Advantage Fund - Series A

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Fund Returns

Inception Return (July 12, 2011): 4.65%

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 2.13% 0.83% 4.85% 2.12% 5.90% 1.65% 1.74% 4.06% 3.36% 3.82% 3.18% 3.83% 3.47% 3.66%
Benchmark 1.73% 1.94% 8.09% 5.92% 12.59% 9.18% 3.91% 4.98% 5.61% 5.55% 5.21% 6.18% 6.05% 6.97%
Category Average 2.20% 7.71% 7.71% 4.67% 11.08% 5.85% 2.49% 5.52% 4.86% 4.50% 4.19% 4.85% 4.14% 4.56%
Category Rank 839 / 1,716 1,561 / 1,705 1,644 / 1,705 1,647 / 1,705 1,610 / 1,659 1,578 / 1,602 1,070 / 1,443 1,090 / 1,329 1,102 / 1,277 795 / 1,152 832 / 1,047 743 / 943 609 / 820 571 / 714
Quartile Ranking 2 4 4 4 4 4 3 4 4 3 4 4 3 4

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 1.60% 0.66% -0.68% -3.25% -1.68% 4.55% 2.67% 0.05% 1.23% 1.13% -2.37% 2.13%
Benchmark 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80% -1.57% 1.73%

Best Monthly Return Since Inception

4.99% (November 2020)

Worst Monthly Return Since Inception

-8.09% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.07% 4.38% 2.70% 6.11% -2.09% 12.01% 1.42% 13.32% -7.38% 3.52%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking 4 3 4 3 2 3 4 1 1 4
Category Rank 520/ 668 474/ 792 722/ 897 655/ 983 365/ 1,126 785/ 1,229 1,261/ 1,311 204/ 1,395 205/ 1,534 1,635/ 1,653

Best Calendar Return (Last 10 years)

13.32% (2021)

Worst Calendar Return (Last 10 years)

-7.38% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 26.82
US Equity 22.59
Foreign Bonds - Funds 9.50
Cash and Equivalents 8.87
Foreign Government Bonds 8.49
Other 23.73

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 33.12
Financial Services 14.00
Cash and Cash Equivalent 8.87
Energy 6.75
Mutual Fund 5.76
Other 31.50

Geographic Allocation

Geographic Allocation
Name Percent
North America 85.88
Multi-National 12.42
Latin America 1.28
Europe 0.37
Asia 0.06
Other -0.01

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 8.58
1832 AM U.S. $ Investment Grade U.S. Corp Bon Pl I 5.28
Dynamic Short Term Credit PLUS Fund Series O 4.77
1832 AM Total Return Bond LP Ser I 4.73
Canada Government 1.25% 01-Mar-2027 4.29
United States Treasury 2.75% 15-Aug-2032 3.64
Royal Bank of Canada 3.05
Canada Government 1.50% 01-Dec-2031 2.91
United States Treasury 3.00% 15-Aug-2052 2.41
Toronto-Dominion Bank 2.33

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 Income Advantage Fund - Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 8.32% 8.38% 6.92%
Beta 0.78% 0.87% 0.73%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.74% 0.70% 0.67%
Sharpe -0.10% 0.19% 0.35%
Sortino -0.15% 0.10% 0.16%
Treynor -0.01% 0.02% 0.03%
Tax Efficiency - 41.36% 43.35%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.72% 8.32% 8.38% 6.92%
Beta 0.91% 0.78% 0.87% 0.73%
Alpha -0.05% -0.01% -0.01% -0.01%
Rsquared 0.81% 0.74% 0.70% 0.67%
Sharpe 0.15% -0.10% 0.19% 0.35%
Sortino 0.62% -0.15% 0.10% 0.16%
Treynor 0.01% -0.01% 0.02% 0.03%
Tax Efficiency 64.38% - 41.36% 43.35%

Fund Details

Start Date July 12, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $169

Fund Codes

FundServ Code Load Code Sales Status
BNS309

Investment Objectives

The fund’s objective is to provide regular income and long term capital growth. It invests primarily in a diversified portfolio of fixed income and income-oriented equity securities.

Investment Strategy

The Fund uses a flexible approach to investing primarily in fixed income and income-oriented equity securities with no restrictions on market capitalization, industry sector or geographic mix. The Fund’s asset mix will vary according to the portfolio adviser’s view of market and economic conditions. The Fund may hold mortgage-backed securities, participation interests in loans, notes, closed end funds and private placements in equity and/or debt securities of public or private companies.

Portfolio Manager(s)

Name Start Date
Domenic Bellissimo 11-01-2011
Tom Dicker 06-25-2020
Jason Gibbs 01-27-2022
Bill McLeod 05-01-2024

Management and Organization

Fund Manager 1832 Asset Management L.P.
Advisor 1832 Asset Management L.P.
Custodian State Street Trust Company Canada
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 1.92%
Management Fee 1.65%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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