Join Fund Library now and get free access to personalized features to help you manage your investments.
Canadian Neutral Balanced
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
Click for more information on Fundata’s ESG Grade
Click for more information on Fundata’s ESG Grade.
|
NAVPS (06-14-2024) |
$11.55 |
|---|---|
| Change |
-$0.01
(-0.09%)
|
As at May 31, 2024
As at April 30, 2024
As at February 29, 2024
Loading...
Inception Return (June 20, 2005): 4.57%
| 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 | 2.49% | 1.03% | 4.96% | 1.79% | 6.86% | 3.04% | 2.82% | 4.42% | 4.01% | 4.48% | 3.85% | 4.35% | 4.10% | 4.27% |
| Benchmark | 1.52% | 2.10% | 6.41% | 2.62% | 9.74% | 4.30% | 3.00% | 6.26% | 5.46% | 5.39% | 5.17% | 5.53% | 4.84% | 5.01% |
| Category Average | 2.12% | 7.17% | 7.17% | 3.82% | 10.00% | 4.53% | 2.57% | 5.64% | 4.69% | 4.33% | 4.01% | 4.43% | 3.81% | 4.10% |
| Category Rank | 100 / 448 | 400 / 442 | 440 / 442 | 434 / 442 | 423 / 431 | 380 / 418 | 278 / 398 | 351 / 378 | 333 / 368 | 259 / 362 | 267 / 350 | 255 / 333 | 196 / 299 | 202 / 287 |
| Quartile Ranking | 1 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | 3 | 4 | 4 | 3 | 3 |
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.08% | 0.32% | -1.06% | -3.54% | -1.24% | 5.48% | 3.11% | -0.11% | 0.86% | 1.28% | -2.67% | 2.49% |
| Benchmark | 1.83% | 0.93% | -0.84% | -3.01% | -1.57% | 6.01% | 3.69% | -0.31% | 0.82% | 2.49% | -1.88% | 1.52% |
5.48% (November 2023)
-6.65% (October 2008)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 7.73% | 3.38% | 4.49% | 6.52% | -1.17% | 11.20% | 2.43% | 12.47% | -6.10% | 6.28% |
| Benchmark | 9.98% | -3.02% | 11.97% | 6.22% | -4.30% | 15.62% | 7.61% | 11.90% | -8.20% | 9.43% |
| Category Average | 7.98% | 0.06% | 6.65% | 5.72% | -4.72% | 12.57% | 6.33% | 10.85% | -9.35% | 8.27% |
| Quartile Ranking | 3 | 1 | 4 | 2 | 1 | 4 | 4 | 2 | 1 | 4 |
| Category Rank | 186/ 286 | 48/ 299 | 311/ 331 | 155/ 344 | 14/ 355 | 335/ 365 | 327/ 374 | 188/ 389 | 57/ 409 | 383/ 429 |
12.47% (2021)
-6.10% (2022)
| Name | Percent |
|---|---|
| Canadian Equity | 29.23 |
| US Equity | 21.84 |
| Canadian Government Bonds | 17.41 |
| Canadian Corporate Bonds | 13.32 |
| Cash and Equivalents | 10.34 |
| Other | 7.86 |
| Name | Percent |
|---|---|
| Fixed Income | 31.46 |
| Financial Services | 16.00 |
| Cash and Cash Equivalent | 10.34 |
| Energy | 6.93 |
| Consumer Services | 6.12 |
| Other | 29.15 |
| Name | Percent |
|---|---|
| North America | 97.42 |
| Latin America | 2.25 |
| Europe | 0.36 |
| Other | -0.03 |
| Name | Percent |
|---|---|
| Scotia Canadian Income Fund Series I | 27.78 |
| Scotia Wealth Canadian Corporate Bond Pool K | 7.16 |
| Cash and Cash Equivalents | 6.45 |
| Royal Bank of Canada | 3.05 |
| Toronto-Dominion Bank | 2.32 |
| Microsoft Corp | 2.21 |
| Bank of Montreal | 2.02 |
| Canadian Natural Resources Ltd | 1.77 |
| Enbridge Inc | 1.71 |
| Brookfield Corp Cl A | 1.69 |
Scotia Diversified Monthly Income Fund - Series A
Median
Other - Canadian Neutral Balanced
| Standard Deviation | 9.18% | 8.30% | 6.71% |
|---|---|---|---|
| Beta | 0.94% | 0.75% | 0.73% |
| Alpha | 0.00% | 0.00% | 0.01% |
| Rsquared | 0.94% | 0.86% | 0.79% |
| Sharpe | 0.03% | 0.27% | 0.44% |
| Sortino | 0.03% | 0.22% | 0.30% |
| Treynor | 0.00% | 0.03% | 0.04% |
| Tax Efficiency | 37.75% | 56.53% | 57.10% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 8.80% | 9.18% | 8.30% | 6.71% |
| Beta | 0.97% | 0.94% | 0.75% | 0.73% |
| Alpha | -0.02% | 0.00% | 0.00% | 0.01% |
| Rsquared | 0.94% | 0.94% | 0.86% | 0.79% |
| Sharpe | 0.25% | 0.03% | 0.27% | 0.44% |
| Sortino | 0.77% | 0.03% | 0.22% | 0.30% |
| Treynor | 0.02% | 0.00% | 0.03% | 0.04% |
| Tax Efficiency | 74.91% | 37.75% | 56.53% | 57.10% |
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.
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.
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.
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.
| Start Date | June 20, 2005 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $3,468 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| BNS339 |
The fund’s objective is to provide regular monthly income and some capital appreciation. It invests primarily in a diversified portfolio of income generating securities such as: dividend paying common shares; preferred shares; investment grade bonds; convertible debentures; mortgages; high yield bonds; asset-backed and mortgage-backed securities; income trust units.
The portfolio adviser determines the asset mix based on its analysis of market conditions and performance expectations for each asset series in a manner consistent with the Fund’s investment objectives. For the Fund’s equity investments, the portfolio adviser uses fundamental analysis to identify appropriate long-term investments. This involves evaluating the financial condition and management of each company, as well as its industry and the economy.
| Name | Start Date |
|---|---|
| Romas Budd | 11-01-2011 |
| Tom Dicker | 06-25-2020 |
| Jason Gibbs | 01-27-2022 |
| Bill McLeod | 05-01-2024 |
| 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 |
| 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 |
| MER | 1.47% |
|---|---|
| Management Fee | 1.25% |
| 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) | - |
Join Fund Library now and get free access to personalized features to help you manage your investments.
Fund Library
