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Scotia U.S. $ Balanced Fund - Series A

Global Neutral Balanced

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

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

NAVPS
(06-12-2024)
$14.00
Change
$0.11 (0.76%)

As at May 31, 2024

As at April 30, 2024

As at February 29, 2024

Period
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Legend

Scotia U.S. $ Balanced Fund - Series A

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Fund Returns

Inception Return (July 11, 2011): 4.42%

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 3.24% 1.71% 8.99% 5.58% 15.87% 7.65% 2.78% 7.85% 7.60% 6.79% 6.17% 5.68% 4.52% 4.29%
Benchmark 2.55% 1.44% 7.65% 2.73% 12.31% 5.14% -0.23% 5.27% 5.44% 4.64% 5.06% 5.66% 4.97% 4.54%
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 - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 3.41% 2.66% -1.60% -2.85% -1.66% 6.52% 3.23% 0.23% 3.57% 2.38% -3.77% 3.24%
Benchmark 3.22% 2.23% -2.06% -3.63% -2.32% 7.23% 4.79% -0.51% 1.79% 1.95% -2.97% 2.55%

Best Monthly Return Since Inception

7.77% (November 2020)

Worst Monthly Return Since Inception

-7.81% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.62% -5.11% 4.92% 3.26% -5.58% 18.80% 12.63% 9.68% -14.24% 17.36%
Benchmark 2.93% -1.74% 5.51% 16.32% -5.58% 17.91% 13.35% 6.94% -17.27% 14.38%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

18.80% (2019)

Worst Calendar Return (Last 10 years)

-14.24% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 47.44
Foreign Bonds - Funds 27.14
Foreign Government Bonds 9.89
Canadian Equity 6.03
International Equity 5.98
Other 3.52

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 38.92
Technology 16.63
Consumer Services 14.53
Healthcare 10.43
Energy 7.70
Other 11.79

Geographic Allocation

Geographic Allocation
Name Percent
North America 66.88
Multi-National 27.14
Asia 3.14
Europe 2.48
Africa and Middle East 0.36

Top Holdings

Top Holdings
Name Percent
1832 AM US$ Inv Grd US Corp Bnd Pl Ser I 27.14
United States Treasury 3.00% 15-Aug-2052 5.96
Amazon.com Inc 4.70
Walmart Inc 4.15
Meta Platforms Inc Cl A 4.04
Microsoft Corp 3.94
UnitedHealth Group Inc 2.82
Cenovus Energy Inc 2.77
Uber Technologies Inc 2.76
Taiwan Semiconductor Manufactrg Co Ltd - ADR 2.63

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. $ Balanced Fund - Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 11.85% 11.45% 9.51%
Beta 1.12% 1.21% 0.75%
Alpha -0.01% 0.01% -0.01%
Rsquared 0.74% 0.72% 0.37%
Sharpe 0.05% 0.52% 0.34%
Sortino 0.05% 0.65% 0.25%
Treynor 0.00% 0.05% 0.04%
Tax Efficiency 78.92% 90.10% 85.18%
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.88% 11.85% 11.45% 9.51%
Beta 1.25% 1.12% 1.21% 0.75%
Alpha 0.00% -0.01% 0.01% -0.01%
Rsquared 0.76% 0.74% 0.72% 0.37%
Sharpe 0.97% 0.05% 0.52% 0.34%
Sortino 2.16% 0.05% 0.65% 0.25%
Treynor 0.08% 0.00% 0.05% 0.04%
Tax Efficiency 98.77% 78.92% 90.10% 85.18%

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 July 11, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency USD
Distribution Frequency Quarterly
Assets ($mil) $177

Fund Codes

FundServ Code Load Code Sales Status
BNS308

Investment Objectives

The fund’s objective is to provide long term capital growth and current income in U.S. dollars. It invests primarily in a combination of fixed income and equity securities that are denominated in U.S. dollars.

Investment Strategy

The Fund uses an asset allocation approach by investing in a diversified portfolio primarily consisting of fixed income and equity securities denominated in U.S. dollars. The Fund’s asset mix will vary according to the portfolio adviser’s view of market and economic conditions. Investment analysis for the equity component of the Fund’s portfolio follows a bottom-up approach, which emphasizes careful company specific analysis.

Portfolio Manager(s)

Name Start Date
Derek Amery 10-04-2019
Damian Hoang 10-04-2019

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 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.94%
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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