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Scotia Global Bond Fund - Series A

Global Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(05-17-2024)
$8.96
Change
-$0.01 (-0.11%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

Scotia Global Bond Fund - Series A

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Fund Returns

Inception Return (July 04, 1994): 1.97%

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 -2.30% -2.80% 1.87% -3.66% -2.53% -2.77% -3.79% -6.00% -2.25% -1.19% -1.46% -1.02% -0.05% 0.10%
Benchmark -1.24% -0.84% 3.25% -0.82% -1.71% 0.82% -2.84% -4.40% -1.60% -0.34% -0.68% 0.25% 1.14% 1.72%
Category Average -1.80% 4.67% 4.67% -1.95% 0.23% -0.11% -2.44% -1.17% -0.25% 0.22% 0.14% 0.59% 0.74% 1.00%
Category Rank 457 / 544 489 / 539 528 / 536 501 / 537 449 / 488 400 / 420 296 / 349 276 / 281 222 / 244 167 / 201 134 / 168 122 / 134 91 / 122 90 / 104
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 4 3 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.73% -0.23% -0.38% -0.77% -1.64% -0.64% 2.92% 2.74% -0.88% -0.77% 0.26% -2.30%
Benchmark -1.74% -2.61% -0.13% 1.51% -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40% -1.24%

Best Monthly Return Since Inception

12.20% (October 2008)

Worst Monthly Return Since Inception

-6.59% (December 2009)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.37% 10.86% -4.24% 0.75% 6.76% -0.98% 8.20% -6.77% -13.53% 5.87%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking 3 2 4 3 1 4 1 4 4 2
Category Rank 52/ 98 48/ 120 130/ 132 96/ 163 13/ 191 224/ 234 60/ 268 292/ 326 340/ 393 187/ 473

Best Calendar Return (Last 10 years)

10.86% (2015)

Worst Calendar Return (Last 10 years)

-13.53% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 83.29
Foreign Corporate Bonds 10.16
Cash and Equivalents 6.55

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.45
Cash and Cash Equivalent 6.55

Geographic Allocation

Geographic Allocation
Name Percent
North America 63.10
Europe 26.35
Asia 8.02
Africa and Middle East 2.36
Other 0.17

Top Holdings

Top Holdings
Name Percent
United States Treasury 3.75% 31-Dec-2028 23.75
United States Treasury 4.00% 15-Feb-2034 18.85
United States Treasury 4.25% 31-Jan-2026 10.34
JAPAN (30 YEAR ISSUE) 0.60% 20-Sep-2050 6.73
Cash and Cash Equivalents 6.55
United States Treasury 4.75% 15-Nov-2053 3.61
UNITED KINGDOM GILT 3.25% 31-Jan-2033 3.30
Germany Government 2.30% 15-Feb-2033 3.11
FRANCE (GOVT OF) 3.50% 25-Nov-2033 3.01
Spain Government 1.25% 31-Oct-2030 2.49

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Scotia Global Bond Fund - Series A

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 6.51% 7.64% 7.96%
Beta 0.75% 0.96% 0.94%
Alpha -0.02% -0.01% -0.01%
Rsquared 0.65% 0.76% 0.82%
Sharpe -0.98% -0.52% -0.13%
Sortino -1.23% -0.90% -0.47%
Treynor -0.09% -0.04% -0.01%
Tax Efficiency - - 100.00%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.40% 6.51% 7.64% 7.96%
Beta 0.56% 0.75% 0.96% 0.94%
Alpha -0.02% -0.02% -0.01% -0.01%
Rsquared 0.41% 0.65% 0.76% 0.82%
Sharpe -1.34% -0.98% -0.52% -0.13%
Sortino -1.36% -1.23% -0.90% -0.47%
Treynor -0.13% -0.09% -0.04% -0.01%
Tax Efficiency - - - 100.00%

Fund Details

Start Date July 04, 1994
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $9

Fund Codes

FundServ Code Load Code Sales Status
BNS379

Investment Objectives

The fund’s objective is to provide a high level of regular interest income. It invests primarily in foreign currency-denominated bonds and money market instruments issued by Canadian federal, provincial and municipal governments and Canadian corporations, and by foreign governments and corporations, and supranational entities, such as the World Bank.

Investment Strategy

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. The portfolio adviser uses interest rate and yield curve analysis to select individual investments and manage the Fund’s average term to maturity. It analyzes credit risk to identify securities that offer the potential for higher yields at an acceptable level of risk.

Portfolio Manager(s)

Name Start Date
Romas Budd 10-01-2014

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 1.57%
Management Fee 1.10%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.75%
Trailer Fee Max (LL) -

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