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Scotia Canadian Income Fund - Series A

Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(06-13-2025)
$12.21
Change
-$0.02 (-0.15%)

As at May 31, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 2000Jan 2002Jan 2004Jan 2006Jan 2008Jan 2010Jan 2012Jan 2014Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jan 2000Jan 2005Jan 2010Jan 2015Jan 2020Jan 2025J…$10,000$15,000$20,000$25,000$5,000$30,000$9,600$9,800$10,200$10,400$10,600$10,800$11,000Period

Legend

Scotia Canadian Income Fund - Series A

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Fund Returns

Inception Return (March 31, 1973): 6.34%

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 -0.24% -0.90% -0.07% 0.97% 4.30% 2.65% 2.44% -0.55% -1.03% 0.05% 1.07% 0.65% 0.89% 1.05%
Benchmark 0.08% -0.97% 0.76% 1.28% 8.93% 4.72% 3.34% 0.32% -0.12% 1.00% 1.83% 1.49% 1.65% 1.76%
Category Average 0.05% -1.01% 0.26% 1.08% 6.32% 4.37% 2.89% -0.32% -0.27% 0.63% 1.28% 0.93% 1.10% 1.11%
Category Rank 455 / 479 132 / 476 424 / 475 353 / 476 437 / 449 414 / 427 366 / 414 337 / 401 350 / 379 337 / 365 283 / 345 270 / 320 235 / 293 193 / 258
Quartile Ranking 4 2 4 3 4 4 4 4 4 4 4 4 4 3

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%4%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 1.06% 1.98% 0.28% 1.90% -1.72% 0.83% -1.03% 0.55% 1.32% -0.28% -0.38% -0.24%
Benchmark 2.98% 2.14% 0.52% 1.82% -1.07% 1.51% -0.52% 1.13% 1.14% -0.29% -0.77% 0.08%

Best Monthly Return Since Inception

9.73% (November 1981)

Worst Monthly Return Since Inception

-6.49% (July 1981)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 0.81% 1.44% 1.78% 2.56% 4.41% 7.18% -3.96% -10.95% 6.45% 1.96%
Benchmark 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38% 4.10%
Category Average 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16% 3.68%
Quartile Ranking 4 3 3 1 4 4 4 1 2 4
Category Rank 251/ 254 159/ 276 172/ 310 4/ 331 333/ 359 336/ 371 378/ 393 67/ 410 204/ 418 429/ 441

Best Calendar Return (Last 10 years)

7.18% (2020)

Worst Calendar Return (Last 10 years)

-10.95% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 61.56
Canadian Corporate Bonds 28.21
Cash and Equivalents 10.38
Derivatives -0.16
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.77
Cash and Cash Equivalent 10.38
Other -0.15

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Ontario Province 2.70% 02-Jun-2029 13.40
B62442823 CDS USD R V 03MEVENT 10.92
CANADIAN DOLLAR 9.22
Canada Government 5.75% 01-Jun-2033 5.86
Canada Housing Trust No 1 4.15% 15-Jun-2033 5.62
Canada Government 2.75% 01-Jun-2033 3.12
Ontario Province 3.60% 08-Mar-2028 2.80
Alberta Province 2.05% 01-Jun-2030 2.69
Canada Government 1.75% 01-Dec-2053 2.41
Ontario Province 3.75% 02-Dec-2053 1.99

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: H.
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678910111213-2%0%2%4%6%8%

Scotia Canadian Income Fund - Series A

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 6.64% 5.94% 5.19%
Beta 0.99% 0.93% 0.94%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.89% 0.89% 0.89%
Sharpe -0.20% -0.56% -0.10%
Sortino -0.09% -0.85% -0.48%
Treynor -0.01% -0.04% -0.01%
Tax Efficiency 48.86% - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 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 3.95% 6.64% 5.94% 5.19%
Beta 0.79% 0.99% 0.93% 0.94%
Alpha -0.03% -0.01% -0.01% -0.01%
Rsquared 0.78% 0.89% 0.89% 0.89%
Sharpe 0.19% -0.20% -0.56% -0.10%
Sortino 0.51% -0.09% -0.85% -0.48%
Treynor 0.01% -0.01% -0.04% -0.01%
Tax Efficiency 69.63% 48.86% - -

Fund Details

Start Date March 31, 1973
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2,455

Fund Codes

FundServ Code Load Code Sales Status
BNS377

Investment Objectives

The fund’s objective is to provide a high level of regular interest income and modest capital gains. It invests primarily in: bonds and treasury bills issued by Canadian federal, provincial and municipal governments and Canadian corporations; money market instruments issued by Canadian corporations, including commercial paper, bankers’ acceptances, mortgage-backed securities and guaranteed investment certificates; and/or high-quality dividend-paying shares of Canadian corporations.

Investment Strategy

Securities will generally have at the time of purchase a minimum credit rating of BBB (low) or R2 (low) or better by Dominion Bond Rating Service Limited, or an equivalent rating by another designated rating organization. The average term to maturity of the Fund’s investments will vary, depending on market conditions. The portfolio adviser adjusts the average term to maturity to try to maximize returns while minimizing interest rate risk.

Portfolio Management

Portfolio Manager

1832 Asset Management L.P.

  • Romas Budd
  • Kevin Pye
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 1.30%
Management Fee 1.10%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.55%
Trailer Fee Max (LL) -

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