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Scotia INNOVA Balanced Income Portfolio Class - Series A

Global Fixed Inc Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-28-2025)
$13.52
Change
-$0.02 (-0.16%)

As at June 30, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Apr 2013Apr 2014Apr 2015Apr 2016Apr 2017Apr 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025Jul 2022Oct 2022Jan 2023Jul 2023Oct 2023Jan 2024Jul 2024Oct 2024Jan 2025Jan 2013Oct 2014Jul 2016Apr 2018Jan 2020Oct 2021Jul 2023Apr 2025A…$10,000$7,500$12,500$15,000$17,500$20,000$9,500$10,500$11,000$11,500$12,000Period

Legend

Scotia INNOVA Balanced Income Portfolio Class - Series A

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Fund Returns

Inception Return (May 28, 2012): 4.23%

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 1.24% 1.80% 2.65% 2.65% 7.59% 7.10% 7.11% 2.71% 3.81% 3.39% 3.47% 3.38% 3.59% 3.43%
Benchmark 1.79% 0.63% 2.54% 2.54% 10.33% 9.38% 8.07% 2.58% 2.12% 3.19% 3.50% 3.70% 3.61% 4.25%
Category Average 1.31% 1.97% 3.13% 3.13% 8.43% 7.87% 6.93% 2.26% 3.66% 3.49% 3.59% 3.42% 3.57% 3.38%
Category Rank 501 / 997 372 / 989 559 / 987 559 / 987 732 / 972 699 / 917 466 / 900 354 / 825 328 / 781 380 / 745 332 / 648 279 / 583 235 / 513 195 / 418
Quartile Ranking 3 2 3 3 4 4 3 2 2 3 3 2 2 2

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%4%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.69% 0.38% 1.72% -0.91% 2.33% -1.41% 2.21% 0.21% -1.55% -1.23% 1.81% 1.24%
Benchmark 3.61% -0.15% 2.06% -0.11% 1.82% 0.19% 1.92% 0.64% -0.65% -1.67% 0.54% 1.79%

Best Monthly Return Since Inception

4.73% (November 2023)

Worst Monthly Return Since Inception

-5.98% (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 2.95% 3.69% 4.82% -2.00% 8.74% 4.94% 5.46% -9.77% 7.94% 8.24%
Benchmark 16.91% 0.39% 3.81% 5.53% 6.30% 9.09% -0.49% -11.13% 6.74% 11.56%
Category Average 1.21% 4.39% 5.49% -2.85% 9.97% 7.08% 4.51% -11.10% 7.71% 8.38%
Quartile Ranking 3 3 2 2 3 4 2 2 2 3
Category Rank 225/ 388 247/ 451 233/ 526 295/ 604 499/ 710 601/ 767 214/ 819 300/ 865 420/ 907 652/ 959

Best Calendar Return (Last 10 years)

8.74% (2019)

Worst Calendar Return (Last 10 years)

-9.77% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Bonds - Funds 23.24
Canadian Government Bonds 17.32
International Equity 13.12
US Equity 11.44
Canadian Corporate Bonds 11.13
Other 23.75

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 54.46
Mutual Fund 21.01
Financial Services 4.63
Cash and Cash Equivalent 4.51
Technology 4.50
Other 10.89

Geographic Allocation

Geographic Allocation
Name Percent
North America 59.01
Multi-National 35.44
Europe 3.61
Asia 1.41
Latin America 0.27
Other 0.26

Top Holdings

Top Holdings
Name Percent
Scotia Canadian Income Fund Series I 19.03
1832 AM TOTL RET BND LP SER I 14.51
Scotia Canadian Dividend Fund Series A 6.93
Scotia Wealth Canadian Corporate Bond Pool K 5.81
1832AM GLOBAL CREDIT POOL SE I 5.80
Scotia Wealth Short-Mid Government Bond Pool - I 4.55
1832 AM TAA PLUS POOL SR I 4.26
1832 AM GLBL LW VL EQ LP SER I 4.10
Scotia Global Growth Fund Series A 4.08
Scotia Wealth International Equity Pool - Pinn Sr 2.56

Equity Style

Equity style data not available

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 Return456789101112130%2%4%6%8%10%12%14%

Scotia INNOVA Balanced Income Portfolio Class - Series A

Median

Other - Global Fixed Inc Balanced

3 Yr Annualized

Standard Deviation 7.08% 6.81% 6.16%
Beta 1.02% 0.84% 0.61%
Alpha -0.01% 0.02% 0.01%
Rsquared 0.79% 0.64% 0.38%
Sharpe 0.44% 0.22% 0.30%
Sortino 0.99% 0.21% 0.13%
Treynor 0.03% 0.02% 0.03%
Tax Efficiency 92.01% 86.63% 81.90%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.49% 7.08% 6.81% 6.16%
Beta 0.94% 1.02% 0.84% 0.61%
Alpha -0.02% -0.01% 0.02% 0.01%
Rsquared 0.74% 0.79% 0.64% 0.38%
Sharpe 0.75% 0.44% 0.22% 0.30%
Sortino 1.45% 0.99% 0.21% 0.13%
Treynor 0.04% 0.03% 0.02% 0.03%
Tax Efficiency 90.13% 92.01% 86.63% 81.90%

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.

  • Craig Maddock
  • Yuko Girard
  • Wes Blight
  • Mark Fairbairn
  • Ian Taylor
  • Jenny Wang
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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