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Scotia U.S. $ Balanced Fund - Series A

Global Neutral Balanced

NAVPS
(10-09-2024)
$14.70
Change
$0.05 (0.31%)

As at September 30, 2024

As at July 31, 2024

Period
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Legend

Scotia U.S. $ Balanced Fund - Series A

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Fund Returns

Inception Return (July 11, 2011): 4.83%

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 1.39% 4.13% 6.25% 12.92% 22.10% 17.78% 5.28% 8.19% 7.96% 7.30% 7.19% 6.48% 6.15% 5.04%
Benchmark 2.15% 6.95% 7.93% 11.43% 22.31% 16.98% 2.61% 5.43% 6.14% 5.88% 5.69% 6.16% 6.67% 5.54%
Category Average 1.80% 6.15% 6.15% 10.92% 18.92% 12.72% 3.80% 5.79% 5.42% 5.29% 5.18% 5.15% 5.35% 5.04%
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -1.66% 6.52% 3.23% 0.23% 3.57% 2.38% -3.77% 3.24% 2.71% 0.35% 2.35% 1.39%
Benchmark -2.32% 7.23% 4.79% -0.51% 1.79% 1.95% -2.97% 2.55% 1.41% 2.37% 2.28% 2.15%

Best Monthly Return Since Inception

7.77% (November 2020)

Worst Monthly Return Since Inception

-7.81% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.62% -5.11% 4.92% 3.26% -5.58% 18.80% 12.63% 9.68% -14.24% 17.36%
Benchmark 2.93% -1.74% 5.51% 16.32% -5.58% 17.91% 13.35% 6.94% -17.27% 14.38%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

18.80% (2019)

Worst Calendar Return (Last 10 years)

-14.24% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 49.30
Foreign Corporate Bonds 26.48
Foreign Government Bonds 10.92
Canadian Equity 5.91
International Equity 5.34
Other 2.05

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 37.39
Technology 17.69
Healthcare 11.47
Consumer Services 11.22
Energy 10.11
Other 12.12

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.33
Asia 3.08
Europe 2.26
Africa and Middle East 0.36
Other -0.03

Top Holdings

Top Holdings
Name Percent
1832 AM U.S. $ Investment Grade U.S. Corp Bon Pl I 27.45
United States Treasury 3.00% 15-Aug-2052 6.20
Amazon.com Inc 4.88
Meta Platforms Inc Cl A 3.84
UnitedHealth Group Inc 3.27
Taiwan Semiconductor Manufactrg Co Ltd - ADR 3.08
Microsoft Corp 2.76
Thermo Fisher Scientific Inc 2.73
Cenovus Energy Inc 2.63
Suncor Energy Inc 2.63

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 U.S. $ Balanced Fund - Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 11.91% 11.42% 9.50%
Beta 1.13% 1.16% 0.74%
Alpha 0.00% 0.01% 0.00%
Rsquared 0.73% 0.70% 0.37%
Sharpe 0.21% 0.53% 0.40%
Sortino 0.34% 0.69% 0.36%
Treynor 0.02% 0.05% 0.05%
Tax Efficiency 88.21% 90.63% 87.34%
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.26% 11.91% 11.42% 9.50%
Beta 1.23% 1.13% 1.16% 0.74%
Alpha -0.04% 0.00% 0.01% 0.00%
Rsquared 0.62% 0.73% 0.70% 0.37%
Sharpe 1.71% 0.21% 0.53% 0.40%
Sortino 3.94% 0.34% 0.69% 0.36%
Treynor 0.13% 0.02% 0.05% 0.05%
Tax Efficiency 98.77% 88.21% 90.63% 87.34%

Fund Details

Start Date July 11, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency USD
Distribution Frequency Quarterly
Assets ($mil) $191

Fund Codes

FundServ Code Load Code Sales Status
BNS308

Investment Objectives

The fundā€™s objective is to provide long term capital growth and current income in U.S. dollars. It invests primarily in a combination of fixed income and equity securities that are denominated in U.S. dollars.

Investment Strategy

The Fund uses an asset allocation approach by investing in a diversified portfolio primarily consisting of fixed income and equity securities denominated in U.S. dollars. The Fundā€™s asset mix will vary according to the portfolio adviserā€™s view of market and economic conditions. Investment analysis for the equity component of the Fundā€™s portfolio follows a bottom-up approach, which emphasizes careful company specific analysis.

Portfolio Manager(s)

Name Start Date
Derek Amery 10-04-2019
Damian Hoang 10-04-2019

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 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.94%
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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