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Scotia INNOVA Balanced Income Portfolio - Series A

Global Fixed Inc Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2014

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NAVPS
(02-07-2025)
$15.19
Change
-$0.09 (-0.56%)

As at December 31, 2024

As at November 30, 2024

Period
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Legend

Scotia INNOVA Balanced Income Portfolio - Series A

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Fund Returns

Inception Return (January 20, 2009): 4.70%

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 -1.34% -0.08% 4.66% 7.83% 7.83% 7.70% 1.61% 2.29% 2.73% 3.60% 2.83% 2.96% 3.02% 3.00%
Benchmark 0.19% 1.91% 7.59% 11.56% 11.56% 9.12% 1.91% 1.30% 2.81% 3.39% 3.69% 3.71% 3.33% 4.62%
Category Average -1.07% 0.24% 5.14% 8.38% 8.38% 8.04% 1.24% 2.05% 3.04% 4.16% 3.13% 3.42% 3.53% 3.30%
Category Rank 914 / 988 874 / 974 853 / 974 748 / 968 748 / 968 640 / 916 442 / 875 420 / 821 481 / 769 484 / 710 374 / 605 328 / 528 288 / 451 247 / 388
Quartile Ranking 4 4 4 4 4 3 3 3 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund 0.13% 1.27% 1.17% -1.69% 1.70% 0.45% 2.61% 0.36% 1.71% -0.91% 2.21% -1.34%
Benchmark 0.36% 1.41% 1.04% -1.39% 0.79% 1.45% 3.61% -0.15% 2.06% -0.11% 1.82% 0.19%

Best Monthly Return Since Inception

4.59% (November 2023)

Worst Monthly Return Since Inception

-5.58% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 2.85% 3.47% 3.89% -1.66% 8.04% 4.53% 4.34% -9.55% 7.58% 7.83%
Benchmark 16.91% 0.39% 3.81% 5.53% 6.30% 9.09% -0.49% -11.13% 6.74% 11.56%
Category Average 1.21% 4.39% 5.49% -2.85% 9.97% 7.08% 4.51% -11.10% 7.71% 8.38%
Quartile Ranking 3 3 3 2 4 4 3 2 3 4
Category Rank 236/ 388 280/ 451 366/ 528 250/ 605 603/ 710 641/ 769 418/ 821 270/ 875 514/ 916 748/ 968

Best Calendar Return (Last 10 years)

8.04% (2019)

Worst Calendar Return (Last 10 years)

-9.55% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 20.76
Foreign Bonds - Funds 17.53
International Equity 13.04
US Equity 12.92
Canadian Equity 12.20
Other 23.55

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 54.02
Mutual Fund 23.06
Cash and Cash Equivalent 4.91
Financial Services 3.77
Technology 3.10
Other 11.14

Geographic Allocation

Geographic Allocation
Name Percent
North America 67.05
Multi-National 28.06
Europe 3.10
Asia 1.20
Latin America 0.41
Other 0.18

Top Holdings

Top Holdings
Name Percent
Scotia Canadian Income Fund Series I 20.24
1832 AM TOTL RET BND LP SER I 11.39
Scotia Wealth Short-Mid Government Bond Pool - I 8.48
Scotia Canadian Dividend Fund Series A 7.87
1832AM GLOBAL CREDIT POOL SE I 6.05
Scotia Wealth Canadian Corporate Bond Pool K 5.58
SCOTIA MORTGAGE INC FD SER I 5.56
Scotia Global Growth Fund Series A 5.08
1832 AM US LOW VO EQ LP SER I 3.66
1832 AM GLBL LW VL EQ LP SER I 3.56

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Scotia INNOVA Balanced Income Portfolio - Series A

Median

Other - Global Fixed Inc Balanced

3 Yr Annualized

Standard Deviation 7.53% 7.19% 5.74%
Beta 0.92% 0.81% 0.54%
Alpha 0.00% 0.01% 0.01%
Rsquared 0.81% 0.53% 0.41%
Sharpe -0.23% 0.09% 0.26%
Sortino -0.21% -0.01% 0.03%
Treynor -0.02% 0.01% 0.03%
Tax Efficiency 56.02% 74.96% 72.57%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 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 4.83% 7.53% 7.19% 5.74%
Beta 0.93% 0.92% 0.81% 0.54%
Alpha -0.03% 0.00% 0.01% 0.01%
Rsquared 0.74% 0.81% 0.53% 0.41%
Sharpe 0.68% -0.23% 0.09% 0.26%
Sortino 1.69% -0.21% -0.01% 0.03%
Treynor 0.04% -0.02% 0.01% 0.03%
Tax Efficiency 87.36% 56.02% 74.96% 72.57%

Fund Details

Start Date January 20, 2009
Instrument Type Mutual Fund (Wrap Program)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $1,556

Fund Codes

FundServ Code Load Code Sales Status
BNS331

Investment Objectives

The portfolio’s objective is to achieve a balance of current income and long term capital appreciation, with a bias towards income. It invests primarily in a diversified mix of mutual funds, and/or equity securities and/or fixed income securities located anywhere in the world.

Investment Strategy

The Portfolio is an asset allocation fund that allocates your investment between two asset classes: fixed income and equities. The following outlines the target weighting for each asset class in which the Portfolio invests - Fixed Income 60%, Equities 40%.

Portfolio Manager(s)

Name Start Date
Ian Taylor 05-08-2022
Wes Blight 05-18-2022
Yuko Girard 05-18-2022
Mark Fairbairn 05-18-2022
Craig Maddock 05-18-2022
Jenny Wang 01-01-2024

Management and Organization

Fund Manager 1832 Asset Management L.P.
Advisor 1832 Asset Management L.P.
Custodian Scotiabank
Registrar 1832 Asset Management L.P.
Distributor Scotia Securities Inc.
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 50,000
SWP Min Withdrawal 50

Fees

MER 1.98%
Management Fee 1.70%
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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