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Floating Rate Loan
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (12-12-2025) |
$9.33 |
|---|---|
| Change |
$0.00
(0.01%)
|
As at November 30, 2025
As at October 31, 2025
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Inception Return (July 12, 2016): 3.19%
| 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 | 0.28% | 1.00% | 2.13% | 4.00% | 4.31% | 5.29% | 5.65% | 4.45% | 3.73% | 3.63% | 3.54% | 3.28% | 3.23% | - |
| Benchmark | 0.48% | 1.01% | 5.42% | 12.68% | 14.39% | 11.79% | 14.13% | 9.22% | 7.28% | 6.72% | 6.32% | 5.21% | 5.67% | 5.97% |
| Category Average | 0.04% | 0.33% | 1.51% | 1.73% | 2.16% | 4.98% | 6.16% | 3.53% | 3.78% | 3.16% | 3.13% | 3.07% | 3.26% | 3.50% |
| Category Rank | 16 / 81 | 21 / 81 | 30 / 81 | 8 / 81 | 16 / 81 | 50 / 77 | 67 / 76 | 37 / 75 | 51 / 75 | 38 / 72 | 34 / 68 | 39 / 67 | 35 / 58 | - |
| Quartile Ranking | 1 | 2 | 2 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 2 | 3 | 3 | - |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.30% | 0.57% | 0.27% | 0.23% | 0.10% | 0.65% | 0.38% | 0.52% | 0.22% | 0.40% | 0.32% | 0.28% |
| Benchmark | 1.52% | 1.61% | 0.58% | 3.62% | 0.14% | 0.79% | 3.17% | -0.61% | 1.78% | 1.96% | -1.40% | 0.48% |
1.58% (April 2020)
-2.24% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | 2.71% | 1.26% | 3.35% | 3.10% | 0.72% | 1.32% | 6.68% | 5.81% |
| Benchmark | 11.20% | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% | 11.13% |
| Category Average | -0.88% | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% | 6.92% |
| Quartile Ranking | - | - | 3 | 3 | 4 | 1 | 4 | 1 | 4 | 4 |
| Category Rank | - | - | 34/ 58 | 37/ 67 | 65/ 69 | 3/ 75 | 74/ 75 | 10/ 75 | 71/ 76 | 65/ 77 |
6.68% (2023)
0.72% (2021)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 74.88 |
| Canadian Government Bonds | 12.48 |
| Canadian Bonds - Other | 5.98 |
| Cash and Equivalents | 2.39 |
| Canadian Equity | 1.97 |
| Other | 2.30 |
| Name | Percent |
|---|---|
| Fixed Income | 95.02 |
| Cash and Cash Equivalent | 2.38 |
| Energy | 1.97 |
| Other | 0.63 |
| Name | Percent |
|---|---|
| North America | 100.00 |
| Name | Percent |
|---|---|
| 331685382 IRS CAD R V 06MCORRA | 10.37 |
| 281838196 IRS CAD R V 00MCORRA | 8.75 |
| Bank of Nova Scotia 3.81% 15-Nov-2027 | 8.41 |
| Canadian Imperial Bank Commrce 3.65% 10-Dec-2028 | 6.25 |
| Royal Bank of Canada 3.63% 10-Dec-2027 | 5.61 |
| Wells Fargo & Co 5.08% 26-Apr-2027 | 5.50 |
| FANNIE MAE CAS | 5.18 |
| 281837919 IRS CAD R V 00MCORRA | 5.15 |
| 339859923 IRS CAD R V 06MCORRA | 5.14 |
| 188441845 IRS CAD R V 00MCORRA | 4.56 |
Scotia Wealth Floating Rate Income Pool Series K
Median
Other - Floating Rate Loan
| Standard Deviation | 0.83% | 1.12% | - |
|---|---|---|---|
| Beta | 0.03% | 0.10% | - |
| Alpha | 0.05% | 0.03% | - |
| Rsquared | 0.03% | 0.35% | - |
| Sharpe | 1.91% | 0.87% | - |
| Sortino | 8.18% | 1.01% | - |
| Treynor | 0.55% | 0.10% | - |
| Tax Efficiency | 49.98% | 41.81% | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.55% | 0.83% | 1.12% | - |
| Beta | -0.01% | 0.03% | 0.10% | - |
| Alpha | 0.04% | 0.05% | 0.03% | - |
| Rsquared | 0.00% | 0.03% | 0.35% | - |
| Sharpe | 2.75% | 1.91% | 0.87% | - |
| Sortino | 7.92% | 8.18% | 1.01% | - |
| Treynor | -2.27% | 0.55% | 0.10% | - |
| Tax Efficiency | 69.43% | 49.98% | 41.81% | - |
| Start Date | July 12, 2016 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Fee Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIN6210 |
The Fund’s investment objective is to generate income consistent with prevailing short-term corporate bond yields while mitigating the effects of interest rate fluctuations.
To achieve the fund's investment objectives, the portfolio advisor invests primarily in North American investment grade corporate bonds while using interest rate swaps to minimize interest rate risk and deliver a floating rate of income. The fund may also invest in floating rate debt securities. Additionally, the fund may invest in high yield securities provided that immediately after such investment the overall weighted average credit rating of the Fund's portfolio remains investment grade.
| Portfolio Manager |
1832 Asset Management L.P.
|
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
1832 Asset Management L.P. |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
1832 Asset Management L.P. |
| Distributor |
Scotia Capital Inc. |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 0.12% |
|---|---|
| Management Fee | 0.11% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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