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Scotia Canadian Income Fund - Series A

Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-09-2025)
$12.23
Change
-$0.07 (-0.57%)

As at March 31, 2025

As at February 28, 2025

Period
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Legend

Scotia Canadian Income Fund - Series A

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Fund Returns

Inception Return (March 31, 1973): 6.37%

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 -0.28% 1.59% -0.36% 1.59% 4.81% 2.55% 1.40% -0.42% -0.13% 0.30% 1.02% 1.05% 1.01% 0.92%
Benchmark -0.29% 1.98% 1.88% 1.98% 7.55% 4.70% 2.36% 0.69% 0.79% 1.41% 1.93% 1.90% 1.84% 1.72%
Category Average -0.44% 1.66% 1.33% 1.66% 6.59% 4.29% 1.74% 0.01% 0.75% 0.95% 1.32% 1.23% 1.26% 1.06%
Category Rank 93 / 488 381 / 487 467 / 482 381 / 487 442 / 456 419 / 435 371 / 425 375 / 411 364 / 391 352 / 371 301 / 347 253 / 319 253 / 294 214 / 266
Quartile Ranking 1 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -1.54% 1.44% 1.06% 1.98% 0.28% 1.90% -1.72% 0.83% -1.03% 0.55% 1.32% -0.28%
Benchmark -1.95% 0.00% 2.98% 2.14% 0.52% 1.82% -1.07% 1.51% -0.52% 1.13% 1.14% -0.29%

Best Monthly Return Since Inception

9.73% (November 1981)

Worst Monthly Return Since Inception

-6.49% (July 1981)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 0.81% 1.44% 1.78% 2.56% 4.41% 7.18% -3.96% -10.95% 6.45% 1.96%
Benchmark 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38% 4.10%
Category Average 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16% 3.68%
Quartile Ranking 4 3 3 1 4 4 4 1 2 4
Category Rank 257/ 262 170/ 287 179/ 317 4/ 338 345/ 369 347/ 382 390/ 405 63/ 423 210/ 429 440/ 452

Best Calendar Return (Last 10 years)

7.18% (2020)

Worst Calendar Return (Last 10 years)

-10.95% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 60.87
Canadian Corporate Bonds 27.35
Cash and Equivalents 11.78
Mortgages 0.29
Derivatives -0.29

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.51
Cash and Cash Equivalent 11.78
Other -0.29

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.01
Other -0.01

Top Holdings

Top Holdings
Name Percent
B74408940 CDS USD R V 03MEVENT 13.64
Ontario Province 2.70% 02-Jun-2029 13.03
CANADIAN DOLLAR 10.64
Canada Government 5.75% 01-Jun-2033 5.86
Canada Housing Trust No 1 4.15% 15-Jun-2033 5.58
Canada Government 2.75% 01-Jun-2033 3.00
Ontario Province 3.60% 08-Mar-2028 2.76
Alberta Province 2.05% 01-Jun-2030 2.62
Canada Government 1.75% 01-Dec-2053 2.50
Ontario Province 2.55% 02-Dec-2052 2.07

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Scotia Canadian Income Fund - Series A

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 6.98% 6.17% 5.22%
Beta 1.00% 0.94% 0.94%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.90% 0.89% 0.89%
Sharpe -0.32% -0.38% -0.12%
Sortino -0.29% -0.65% -0.50%
Treynor -0.02% -0.02% -0.01%
Tax Efficiency 14.93% - -
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 1 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 4.45% 6.98% 6.17% 5.22%
Beta 0.75% 1.00% 0.94% 0.94%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.70% 0.90% 0.89% 0.89%
Sharpe 0.20% -0.32% -0.38% -0.12%
Sortino 0.60% -0.29% -0.65% -0.50%
Treynor 0.01% -0.02% -0.02% -0.01%
Tax Efficiency 72.82% 14.93% - -

Fund Details

Start Date March 31, 1973
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2,467

Fund Codes

FundServ Code Load Code Sales Status
BNS377

Investment Objectives

The fund’s objective is to provide a high level of regular interest income and modest capital gains. It invests primarily in: bonds and treasury bills issued by Canadian federal, provincial and municipal governments and Canadian corporations; money market instruments issued by Canadian corporations, including commercial paper, bankers’ acceptances, mortgage-backed securities and guaranteed investment certificates; and/or high-quality dividend-paying shares of Canadian corporations.

Investment Strategy

Securities will generally have at the time of purchase a minimum credit rating of BBB (low) or R2 (low) or better by Dominion Bond Rating Service Limited, or an equivalent rating by another designated rating organization. The average term to maturity of the Fund’s investments will vary, depending on market conditions. The portfolio adviser adjusts the average term to maturity to try to maximize returns while minimizing interest rate risk.

Portfolio Management

Portfolio Manager

1832 Asset Management L.P.

  • Romas Budd
  • Kevin Pye
Sub-Advisor

-

Management and Organization

Fund Manager

1832 Asset Management L.P.

Custodian

State Street Trust Company Canada

Registrar

1832 Asset Management L.P.

Distributor

Scotia Securities Inc.

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 1.30%
Management Fee 1.10%
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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