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Scotia U.S. Equity Index Fund - Series A

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U.S. Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-30-2025) 		$68.51
Change
-$0.15 (-0.22%)

As at March 31, 2025

As at February 28, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jan 1998Jan 2000Jan 2002Jan 2004Jan 2006Jan 2008Jan 2010Jan 2012Jan 2014Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Jan 2000Jan 2005Jan 2010Jan 2015Jan 2020$10,000$110,000-$15,000$35,000$60,000$85,000$8,000$12,000$14,000$16,000$18,000Period

Legend

Scotia U.S. Equity Index Fund - Series A

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Fund Returns

Inception Return (December 31, 1996): 7.97%

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 -6.47% -4.75% 3.78% -4.75% 13.74% 21.13% 12.79% 12.66% 17.21% 13.54% 13.31% 12.75% 13.35% 12.27%
Benchmark -6.04% -4.36% 4.36% -4.36% 14.85% 22.21% 14.28% 14.44% 18.91% 15.28% 15.02% 14.45% 15.05% 13.91%
Category Average -6.07% -4.74% 0.55% -4.74% 8.12% 16.90% 9.63% 9.68% 15.48% 11.36% 10.89% 10.70% 11.23% 9.90%
Category Rank 703 / 1,318 646 / 1,306 357 / 1,304 646 / 1,306 254 / 1,274 394 / 1,204 350 / 1,134 274 / 1,082 351 / 1,021 286 / 956 253 / 863 271 / 794 226 / 702 170 / 648
Quartile Ranking 3 2 2 2 1 2 2 2 2 2 2 2 2 2

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%
Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -2.55% 3.63% 4.02% 1.89% -0.04% 2.44% 2.10% 6.67% 0.03% 4.11% -2.18% -6.47%
Benchmark -2.70% 4.13% 3.97% 2.12% 0.07% 2.23% 2.12% 6.59% 0.26% 3.46% -1.62% -6.04%

Best Monthly Return Since Inception

11.17% (April 2020)

Worst Monthly Return Since Inception

-11.22% (August 1998)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 19.13% 7.29% 12.24% 2.44% 23.32% 14.54% 25.73% -15.29% 23.21% 34.54%
Benchmark 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32% 36.01%
Category Average 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85% 26.98%
Quartile Ranking 2 2 3 2 3 3 2 2 2 2
Category Rank 176/ 641 219/ 689 502/ 766 301/ 851 536/ 923 542/ 998 339/ 1,063 522/ 1,114 488/ 1,177 394/ 1,263

Best Calendar Return (Last 10 years)

34.54% (2024)

Worst Calendar Return (Last 10 years)

-15.29% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 96.46
International Equity 3.03
Cash and Equivalents 0.44
Canadian Equity 0.07

Sector Allocation

Sector Allocation
Name Percent
Technology 36.01
Financial Services 12.86
Consumer Services 10.56
Healthcare 10.06
Consumer Goods 6.18
Other 24.33

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.97
Europe 2.71
Latin America 0.28
Asia 0.05
Other -0.01

Top Holdings

Top Holdings
Name Percent
Apple Inc 6.67
NVIDIA Corp 5.51
Microsoft Corp 5.46
Scotia U.S. Equity Index Tracker ETF (SITU) 4.03
Amazon.com Inc 3.74
Meta Platforms Inc Cl A 2.72
Alphabet Inc Cl A 1.86
Broadcom Inc 1.72
Alphabet Inc Cl C 1.67
Tesla Inc 1.54

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 Return810121416182022242628-15%-10%-5%0%5%10%15%20%

Scotia U.S. Equity Index Fund - Series A

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 13.96% 13.67% 12.99%
Beta 0.97% 0.99% 1.00%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.99% 0.99% 0.99%
Sharpe 0.66% 1.06% 0.83%
Sortino 1.13% 1.74% 1.14%
Treynor 0.09% 0.15% 0.11%
Tax Efficiency 99.43% 99.39% 98.62%
Volatility Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 12.45% 13.96% 13.67% 12.99%
Beta 1.04% 0.97% 0.99% 1.00%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.99% 0.99% 0.99% 0.99%
Sharpe 0.78% 0.66% 1.06% 0.83%
Sortino 1.39% 1.13% 1.74% 1.14%
Treynor 0.09% 0.09% 0.15% 0.11%
Tax Efficiency 99.31% 99.43% 99.39% 98.62%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A65.1​65.154.1​54.10%10%20%30%40%50%60%70%80%90%100%

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A75.4​75.459.1​59.10%10%20%30%40%50%60%70%80%90%100%

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A53.6​53.649.0​49.00%10%20%30%40%50%60%70%80%90%100%

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A70.9​70.955.7​55.70%10%20%30%40%50%60%70%80%90%100%

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date December 31, 1996
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $2,799

Fund Codes

FundServ Code Load Code Sales Status
BNS382

Investment Objectives

The Fund’s objective is long-term capital growth by tracking the performance of a generally recognized U.S. equity index. It invests primarily in the stocks that are included in the index.

Investment Strategy

The Fund currently seeks to achieve its investment objective by tracking the performance of the Solactive GBS United States 500 CAD Index (the “Index”).

Portfolio Management

Portfolio Manager

1832 Asset Management L.P.
Sub-Advisor

State Street Global Advisors Ltd.

  • Emiliano Rabinovich

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 1.06%
Management Fee 0.80%
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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