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Scotia Income Advantage Fund - Series A

Global Neutral Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(08-08-2025)
$11.37
Change
$0.00 (-0.04%)

As at June 30, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2013Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025Jan 2…$10,000$12,500$9,500$10,500$11,000$11,500$12,000Period

Legend

Scotia Income Advantage Fund - Series A

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Fund Returns

Inception Return (July 12, 2011): 5.12%

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 0.61% 1.97% 2.39% 2.39% 11.44% 7.93% 6.46% 3.90% 5.60% 4.55% 4.81% 4.53% 4.62% 4.35%
Benchmark 2.53% 2.76% 3.35% 3.35% 12.62% 13.35% 12.58% 5.72% 6.67% 6.88% 6.64% 6.83% 7.12% 7.01%
Category Average 1.87% 2.93% 3.65% 3.65% 10.26% 10.24% 9.45% 4.13% 6.33% 5.50% 5.32% 5.21% 5.52% 4.98%
Category Rank 1,742 / 1,787 1,237 / 1,741 1,370 / 1,739 1,370 / 1,739 591 / 1,720 1,513 / 1,652 1,563 / 1,590 976 / 1,446 920 / 1,320 1,007 / 1,263 772 / 1,137 741 / 1,014 716 / 918 596 / 798
Quartile Ranking 4 3 4 4 2 4 4 3 3 4 3 3 4 3

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 3.49% 0.92% 2.30% -0.21% 3.86% -1.72% 2.18% -0.14% -1.59% -0.85% 2.22% 0.61%
Benchmark 3.28% -0.07% 2.25% 0.21% 2.87% 0.17% 2.72% -0.03% -2.06% -2.19% 2.47% 2.53%

Best Monthly Return Since Inception

4.99% (November 2020)

Worst Monthly Return Since Inception

-8.09% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
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% 12.15%
Quartile Ranking 3 4 3 2 3 4 1 1 4 3
Category Rank 452/ 762 698/ 869 634/ 948 360/ 1,087 799/ 1,204 1,256/ 1,294 196/ 1,380 204/ 1,522 1,623/ 1,631 1,248/ 1,684

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 30.80
US Equity 20.25
Cash and Equivalents 12.03
Foreign Bonds - Funds 8.96
Foreign Government Bonds 7.36
Other 20.60

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 30.35
Financial Services 16.44
Cash and Cash Equivalent 12.03
Energy 8.43
Consumer Services 5.56
Other 27.19

Geographic Allocation

Geographic Allocation
Name Percent
North America 87.50
Multi-National 11.33
Latin America 1.17

Top Holdings

Top Holdings
Name Percent
USD OVERNIGHT DEPOSIT 7.85
1832 AM INV GRADE US CORP BOND 4.94
Dynamic Short Term Credit PLUS Fund Series O 4.51
1832 AM TOTL RET BND LP SER I 4.45
Canada Government 1.25% 01-Mar-2027 3.75
United States Treasury 2.75% 15-Aug-2032 3.43
CANADIAN DOLLAR 3.38
Toronto-Dominion Bank 2.90
Canada Government 1.50% 01-Dec-2031 2.63
Royal Bank of Canada 2.56

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return012345678910111213140%5%10%15%20%

Scotia Income Advantage Fund - Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 7.90% 7.62% 7.03%
Beta 0.91% 0.80% 0.78%
Alpha -0.04% 0.00% -0.01%
Rsquared 0.82% 0.71% 0.69%
Sharpe 0.33% 0.43% 0.40%
Sortino 0.71% 0.54% 0.30%
Treynor 0.03% 0.04% 0.04%
Tax Efficiency 69.55% 65.06% 52.92%
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 6.55% 7.90% 7.62% 7.03%
Beta 0.84% 0.91% 0.80% 0.78%
Alpha 0.01% -0.04% 0.00% -0.01%
Rsquared 0.73% 0.82% 0.71% 0.69%
Sharpe 1.18% 0.33% 0.43% 0.40%
Sortino 2.72% 0.71% 0.54% 0.30%
Treynor 0.09% 0.03% 0.04% 0.04%
Tax Efficiency 83.43% 69.55% 65.06% 52.92%

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) $183

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 Management

Portfolio Manager

1832 Asset Management L.P.

  • Jason Gibbs
  • Tom Dicker
  • Bill McLeod
  • Domenic Bellissimo
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 1.92%
Management Fee 1.65%
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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