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Scotia Canadian Balanced Fund - Series A

Canadian Neutral Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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

Fundata ESG Grade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2021

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NAVPS
(05-16-2024)
$29.84
Change
$0.04 (0.13%)

As at April 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Scotia Canadian Balanced Fund - Series A

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Fund Returns

Inception Return (June 18, 1990): 5.94%

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 -2.51% 0.47% 9.68% 0.97% 2.99% 2.35% 2.93% 5.58% 4.37% 5.05% 4.52% 5.22% 4.65% 5.04%
Benchmark -1.88% 1.39% 11.11% 1.08% 4.37% 3.44% 3.24% 6.33% 4.97% 5.50% 4.90% 5.45% 4.60% 4.91%
Category Average -2.03% 10.42% 10.42% 1.66% 4.77% 3.36% 2.24% 5.58% 3.94% 4.18% 3.69% 4.36% 3.60% 3.95%
Category Rank 411 / 448 419 / 442 370 / 442 381 / 442 395 / 431 349 / 418 220 / 389 288 / 378 206 / 368 147 / 361 130 / 346 145 / 333 101 / 299 101 / 287
Quartile Ranking 4 4 4 4 4 4 3 4 3 2 2 2 2 2

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.99% 1.87% 0.71% -0.75% -3.20% -1.80% 5.62% 2.83% 0.50% 1.49% 1.54% -2.51%
Benchmark -3.45% 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88%

Best Monthly Return Since Inception

6.67% (April 2020)

Worst Monthly Return Since Inception

-9.75% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 8.72% 1.86% 9.08% 7.81% -3.15% 12.23% 6.13% 13.07% -7.15% 7.60%
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 2 2 2 1 2 4 2 2 2 3
Category Rank 143/ 286 97/ 299 140/ 331 70/ 344 111/ 355 285/ 365 184/ 374 163/ 389 113/ 409 317/ 429

Best Calendar Return (Last 10 years)

13.07% (2021)

Worst Calendar Return (Last 10 years)

-7.15% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 51.89
Canadian Government Bonds 23.02
Canadian Corporate Bonds 9.70
US Equity 9.04
Cash and Equivalents 5.63
Other 0.72

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 32.92
Financial Services 22.80
Energy 7.94
Consumer Services 6.89
Technology 6.14
Other 23.31

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Scotia Canadian Income Fund Series I 37.43
Royal Bank of Canada 3.44
Power Corp of Canada 3.34
Onex Corp 2.90
Prairiesky Royalty Ltd 2.83
Intact Financial Corp 2.59
Toronto-Dominion Bank 2.49
CGI Inc Cl A 2.46
Canadian National Railway Co 2.11
Waste Connections Inc 2.03

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Scotia Canadian Balanced Fund - Series A

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 8.82% 9.16% 7.66%
Beta 0.91% 0.87% 0.88%
Alpha 0.00% 0.00% 0.01%
Rsquared 0.97% 0.95% 0.87%
Sharpe 0.06% 0.30% 0.50%
Sortino 0.04% 0.27% 0.43%
Treynor 0.01% 0.03% 0.04%
Tax Efficiency 72.48% 83.19% 80.37%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.16% 8.82% 9.16% 7.66%
Beta 0.92% 0.91% 0.87% 0.88%
Alpha -0.01% 0.00% 0.00% 0.01%
Rsquared 0.96% 0.97% 0.95% 0.87%
Sharpe -0.16% 0.06% 0.30% 0.50%
Sortino 0.06% 0.04% 0.27% 0.43%
Treynor -0.02% 0.01% 0.03% 0.04%
Tax Efficiency 82.97% 72.48% 83.19% 80.37%

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 June 18, 1990
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $2,309

Fund Codes

FundServ Code Load Code Sales Status
BNS378

Investment Objectives

The fund’s objective is to provide a balance between earning income and obtaining capital growth over the long term. It invests primarily in a broad range of Canadian equity and fixed income securities.

Investment Strategy

The Fund’s total return is obtained by a combination of income producing securities, as well as investments in equity securities that will achieve capital growth over the long-term. The portfolio adviser uses fundamental analysis to identify long-term investments. This involves evaluating the financial condition and management of each company, as well as its industry and the economy. The Fund’s assets are diversified by industry and company to help reduce risk.

Portfolio Manager(s)

Name Start Date
Romas Budd 02-29-2012
Don Simpson 12-01-2015
Rory Ronan 04-23-2018
Eric Mencke 04-23-2018

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 1.95%
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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