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Scotia Income Advantage Fund - Series A

Global Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(01-20-2025)
$11.47
Change
-$0.02 (-0.19%)

As at December 31, 2024

As at November 30, 2024

Period
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Legend

Scotia Income Advantage Fund - Series A

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Fund Returns

Inception Return (July 12, 2011): 5.13%

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 -1.72% 1.86% 8.84% 11.47% 11.47% 7.42% 2.24% 4.91% 4.20% 5.46% 4.35% 4.57% 4.36% 4.36%
Benchmark 0.17% 3.26% 8.97% 17.48% 17.48% 14.55% 5.06% 5.42% 6.53% 7.47% 6.77% 7.00% 6.48% 7.49%
Category Average -1.29% 1.10% 6.36% 12.14% 12.14% 10.83% 2.91% 4.57% 5.08% 6.44% 4.89% 5.23% 5.21% 4.99%
Category Rank 1,567 / 1,772 735 / 1,761 146 / 1,756 1,281 / 1,725 1,281 / 1,725 1,603 / 1,672 1,205 / 1,554 718 / 1,417 1,062 / 1,334 990 / 1,244 780 / 1,122 681 / 976 703 / 892 600 / 783
Quartile Ranking 4 2 1 3 3 4 4 3 4 4 3 3 4 4

Monthly Return

Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund 0.05% 1.23% 1.13% -2.37% 2.13% 0.29% 3.49% 0.92% 2.30% -0.21% 3.86% -1.72%
Benchmark 0.78% 3.10% 1.80% -1.57% 1.73% 1.79% 3.28% -0.07% 2.25% 0.21% 2.87% 0.17%

Best Monthly Return Since Inception

4.99% (November 2020)

Worst Monthly Return Since Inception

-8.09% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 4.38% 2.70% 6.11% -2.09% 12.01% 1.42% 13.32% -7.38% 3.52% 11.47%
Benchmark 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69% 17.48%
Category Average 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53% 12.14%
Quartile Ranking 3 4 3 2 3 4 1 1 4 3
Category Rank 459/ 783 721/ 892 658/ 976 363/ 1,122 816/ 1,244 1,296/ 1,334 195/ 1,417 200/ 1,554 1,665/ 1,672 1,281/ 1,725

Best Calendar Return (Last 10 years)

13.32% (2021)

Worst Calendar Return (Last 10 years)

-7.38% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 26.13
US Equity 24.45
Cash and Equivalents 13.36
Foreign Bonds - Funds 8.32
Foreign Government Bonds 7.44
Other 20.30

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 29.20
Cash and Cash Equivalent 13.37
Financial Services 13.37
Energy 7.16
Consumer Services 5.75
Other 31.15

Geographic Allocation

Geographic Allocation
Name Percent
North America 87.42
Multi-National 10.77
Latin America 1.44
Europe 0.37

Top Holdings

Top Holdings
Name Percent
1832 AM Investment Grade Canadian Corp Bond Pool I 6.73
CANADIAN DOLLAR 6.71
USD OVERNIGHT DEPOSIT 5.90
Dynamic Short Term Credit PLUS Fund Series O 4.21
1832 AM TOTL RET BND LP SER I 4.11
Canada Government 1.25% 01-Mar-2027 3.59
United States Treasury 2.75% 15-Aug-2032 3.12
Canada Government 1.50% 01-Dec-2031 2.52
Royal Bank of Canada 2.51
United States Treasury 4.13% 30-Sep-2027 2.23

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 Income Advantage Fund - Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 8.57% 8.72% 7.09%
Beta 0.84% 0.89% 0.75%
Alpha -0.02% -0.01% -0.01%
Rsquared 0.79% 0.71% 0.68%
Sharpe -0.12% 0.25% 0.41%
Sortino -0.07% 0.24% 0.30%
Treynor -0.01% 0.02% 0.04%
Tax Efficiency 7.34% 53.33% 52.75%
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 6.52% 8.57% 8.72% 7.09%
Beta 1.08% 0.84% 0.89% 0.75%
Alpha -0.07% -0.02% -0.01% -0.01%
Rsquared 0.72% 0.79% 0.71% 0.68%
Sharpe 1.03% -0.12% 0.25% 0.41%
Sortino 2.44% -0.07% 0.24% 0.30%
Treynor 0.06% -0.01% 0.02% 0.04%
Tax Efficiency 83.21% 7.34% 53.33% 52.75%

Fund Details

Start Date July 12, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $185

Fund Codes

FundServ Code Load Code Sales Status
BNS309

Investment Objectives

The fund’s objective is to provide regular income and long term capital growth. It invests primarily in a diversified portfolio of fixed income and income-oriented equity securities.

Investment Strategy

The Fund uses a flexible approach to investing primarily in fixed income and income-oriented equity securities with no restrictions on market capitalization, industry sector or geographic mix. The Fund’s asset mix will vary according to the portfolio adviser’s view of market and economic conditions. The Fund may hold mortgage-backed securities, participation interests in loans, notes, closed end funds and private placements in equity and/or debt securities of public or private companies.

Portfolio Manager(s)

Name Start Date
Domenic Bellissimo 11-01-2011
Tom Dicker 06-25-2020
Jason Gibbs 01-27-2022
Bill McLeod 05-01-2024

Management and Organization

Fund Manager 1832 Asset Management L.P.
Advisor 1832 Asset Management L.P.
Custodian State Street Trust Company Canada
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 1.92%
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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