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Scotia U.S. Equity Index Fund - Series A

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U.S. Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-24-2024) 		$61.84
Change
$0.18 (0.29%)

As at March 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

Scotia U.S. Equity Index Fund - Series A

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Fund Returns

Inception Return (December 31, 1996): 7.77%

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 2.77% 12.67% 22.50% 12.67% 29.00% 12.32% 12.30% 18.09% 13.50% 13.24% 12.61% 13.31% 12.10% 13.54%
Benchmark 3.07% 13.26% 23.76% 13.26% 30.04% 14.00% 14.30% 19.94% 15.37% 15.05% 14.39% 15.08% 13.81% 15.28%
Category Average 2.94% 22.06% 22.06% 11.88% 26.39% 10.39% 10.21% 17.40% 12.02% 11.35% 11.08% 11.62% 10.10% 11.05%
Category Rank 780 / 1,374 610 / 1,361 748 / 1,343 610 / 1,361 582 / 1,288 549 / 1,216 374 / 1,158 563 / 1,095 395 / 993 299 / 887 313 / 812 262 / 706 193 / 652 169 / 573
Quartile Ranking 3 2 3 2 2 2 2 3 2 2 2 2 2 2

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.42% 0.81% 3.89% 2.78% 0.77% -4.27% -0.17% 6.89% 1.90% 3.11% 6.32% 2.77%
Benchmark 1.90% 0.62% 3.76% 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07%

Best Monthly Return Since Inception

11.17% (April 2020)

Worst Monthly Return Since Inception

-11.22% (August 1998)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 22.45% 19.13% 7.29% 12.24% 2.44% 23.32% 14.54% 25.73% -15.29% 23.21%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average 16.59% 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85%
Quartile Ranking 1 2 2 3 2 3 3 2 2 2
Category Rank 121/ 554 176/ 645 223/ 693 501/ 783 312/ 875 535/ 950 584/ 1,063 351/ 1,139 562/ 1,196 511/ 1,260

Best Calendar Return (Last 10 years)

25.73% (2021)

Worst Calendar Return (Last 10 years)

-15.29% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 95.70
International Equity 3.31
Cash and Equivalents 0.87
Canadian Equity 0.12

Sector Allocation

Sector Allocation
Name Percent
Technology 35.90
Financial Services 11.87
Healthcare 11.80
Consumer Services 10.09
Consumer Goods 6.56
Other 23.78

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.69
Europe 2.96
Latin America 0.26
Asia 0.08
Africa and Middle East 0.01

Top Holdings

Top Holdings
Name Percent
Microsoft Corp 6.82
Apple Inc 6.02
NVIDIA Corp 4.22
Amazon.com Inc 3.58
Meta Platforms Inc Cl A 2.43
Alphabet Inc Cl A 1.85
Scotia U.S. Equity Index Tracker ETF (SITU) 1.74
Alphabet Inc Cl C 1.56
Eli Lilly and Co 1.43
Broadcom Inc 1.34

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. Equity Index Fund - Series A

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 14.05% 14.32% 12.65%
Beta 0.97% 0.99% 0.99%
Alpha -0.01% -0.02% -0.01%
Rsquared 0.99% 0.99% 0.99%
Sharpe 0.71% 0.82% 0.96%
Sortino 1.06% 1.17% 1.33%
Treynor 0.10% 0.12% 0.12%
Tax Efficiency 99.50% 99.14% 98.45%
Volatility Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.21% 14.05% 14.32% 12.65%
Beta 0.96% 0.97% 0.99% 0.99%
Alpha 0.00% -0.01% -0.02% -0.01%
Rsquared 0.99% 0.99% 0.99% 0.99%
Sharpe 2.10% 0.71% 0.82% 0.96%
Sortino 5.11% 1.06% 1.17% 1.33%
Treynor 0.22% 0.10% 0.12% 0.12%
Tax Efficiency 99.91% 99.50% 99.14% 98.45%

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.

View the full methodology

Fund Details

Start Date December 31, 1996
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $1,897

Fund Codes

FundServ Code Load Code Sales Status
BNS382

Investment Objectives

The Fund’s objective is long-term capital growth by tracking the performance of a generally recognized U.S. equity index. It invests primarily in the stocks that are included in the index.

Investment Strategy

The Fund currently seeks to achieve its investment objective by tracking the performance of the Solactive GBS United States 500 CAD Index (the “Index”).

Portfolio Manager(s)

Name Start Date
Emiliano Rabinovich 02-01-2010
1832 Asset Management L.P. 11-29-2013

Management and Organization

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

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 1.06%
Management Fee 0.80%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.55%
Trailer Fee Max (LL) -

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