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Scotia INNOVA Balanced Income Portfolio Class - Series A
Global Fixed Inc Balanced
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (07-24-2026) |
$14.12 |
|---|---|
| Change |
$0.03
(0.19%)
|
As at June 30, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (May 28, 2012): 4.61%
| 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 | 0.87% | 5.86% | 4.93% | 4.93% | 9.73% | 8.66% | 7.97% | 7.76% | 4.08% | 4.77% | 4.27% | 4.23% | 4.07% | 4.19% |
| Benchmark | 2.30% | 5.88% | 6.15% | 6.15% | 10.10% | 10.21% | 9.62% | 8.57% | 4.04% | 3.41% | 4.15% | 4.30% | 4.40% | 4.24% |
| Category Average | 0.71% | 4.80% | 4.69% | 4.69% | 9.05% | 8.74% | 8.26% | 7.45% | 3.58% | 4.54% | 4.27% | 4.26% | 4.03% | 4.10% |
| Category Rank | 486 / 971 | 324 / 966 | 576 / 960 | 576 / 960 | 535 / 955 | 577 / 931 | 585 / 877 | 460 / 859 | 368 / 787 | 324 / 743 | 374 / 710 | 330 / 619 | 280 / 555 | 232 / 481 |
| Quartile Ranking | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 3 | 3 | 3 | 2 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.57% | 1.04% | 2.34% | 0.92% | 0.23% | -0.57% | 0.69% | 1.63% | -3.14% | 2.65% | 2.23% | 0.87% |
| Benchmark | 0.55% | 1.09% | 2.79% | 1.00% | -0.23% | -1.50% | 0.33% | 1.93% | -1.98% | 0.82% | 2.66% | 2.30% |
Best Monthly Return Since Inception
4.73% (November 2023)
Worst Monthly Return Since Inception
-5.98% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.69% | 4.82% | -2.00% | 8.74% | 4.94% | 5.46% | -9.77% | 7.94% | 8.24% | 7.35% |
| Benchmark | 0.39% | 3.81% | 5.53% | 6.30% | 9.09% | -0.49% | -11.13% | 6.74% | 11.56% | 6.36% |
| Category Average | 4.39% | 5.49% | -2.85% | 9.97% | 7.08% | 4.51% | -11.10% | 7.71% | 8.38% | 7.43% |
| Quartile Ranking | 3 | 2 | 3 | 3 | 4 | 2 | 2 | 2 | 3 | 2 |
| Category Rank | 246/ 436 | 223/ 498 | 295/ 576 | 463/ 675 | 573/ 729 | 222/ 781 | 303/ 824 | 406/ 867 | 650/ 918 | 458/ 945 |
Best Calendar Return (Last 10 years)
8.74% (2019)
Worst Calendar Return (Last 10 years)
-9.77% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Bonds - Funds | 23.85 |
| Canadian Corporate Bonds | 13.84 |
| International Equity | 13.28 |
| US Equity | 13.01 |
| Canadian Government Bonds | 11.75 |
| Other | 24.27 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 53.32 |
| Mutual Fund | 22.87 |
| Cash and Cash Equivalent | 5.67 |
| Technology | 5.12 |
| Financial Services | 3.02 |
| Other | 10.00 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 56.70 |
| Multi-National | 38.23 |
| Europe | 2.83 |
| Asia | 1.98 |
| Latin America | 0.25 |
| Other | 0.01 |
Top Holdings
| Name | Percent |
|---|---|
| Scotia Canadian Income Fund Series I | 19.46 |
| 1832 AM TOTL RET BND LP SER I | 14.32 |
| Scotia Wealth High Yield Bond Pool Series I | 5.75 |
| Scotia Wealth Canadian Corporate Bond Pool K | 5.74 |
| 1832AM GLOBAL CREDIT POOL SE I | 5.71 |
| 1832 AM TAA PLUS POOL SR I | 4.30 |
| Scotia Global Growth Fund Series A | 3.89 |
| Scotia Global Dividend Fund Series A | 3.59 |
| Scotia Wealth Canadian Bond Pool Series I | 2.89 |
| Scotia Canadian Dividend Fund Series A | 2.29 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Scotia INNOVA Balanced Income Portfolio Class - Series A
Median
Other - Global Fixed Inc Balanced
3 Yr Annualized
| Standard Deviation | 5.82% | 6.90% | 6.16% |
|---|---|---|---|
| Beta | 0.95 | 0.88 | 0.69 |
| Alpha | -0.01 | 0.01 | 0.01 |
| Rsquared | 0.75% | 0.71% | 0.45% |
| Sharpe | 0.75 | 0.19 | 0.39 |
| Sortino | 1.37 | 0.26 | 0.30 |
| Treynor | 0.05 | 0.01 | 0.03 |
| Tax Efficiency | 90.85% | 83.96% | 85.86% |
| Volatility |
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|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.36% | 5.82% | 6.90% | 6.16% |
| Beta | 0.85 | 0.95 | 0.88 | 0.69 |
| Alpha | 0.01 | -0.01 | 0.01 | 0.01 |
| Rsquared | 0.70% | 0.75% | 0.71% | 0.45% |
| Sharpe | 1.33 | 0.75 | 0.19 | 0.39 |
| Sortino | 1.85 | 1.37 | 0.26 | 0.30 |
| Treynor | 0.08 | 0.05 | 0.01 | 0.03 |
| Tax Efficiency | 90.31% | 90.85% | 83.96% | 85.86% |
Fund Details
| Start Date | May 28, 2012 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Corporation |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| BNS1331 |
Investment Objectives
The portfolio’s objective is to achieve a balance of income and long term capital appreciation, with a bias towards income. It invests primarily in a diversified mix of mutual funds, and/or equity securities and/or fixed income securities located anywhere in the world.
Investment Strategy
The Portfolio is an asset allocation fund that allocates your investment between two asset classes: fixed income and equities. The following outlines the target weighting for each asset class in which the Portfolio invests - Fixed Income 60%, Equities 40%.
Portfolio Management
| Portfolio Manager |
1832 Asset Management L.P.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
1832 Asset Management L.P. |
|---|---|
| Custodian |
Bank of Nova Scotia |
| Registrar |
1832 Asset Management L.P. |
| Distributor |
Scotia Securities Inc. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 50,000 |
| SWP Min Withdrawal | 50 |
Fees
| MER | 2.07% |
|---|---|
| Management Fee | 1.70% |
| 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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