U.S. equity funds
These mutual funds can provide you with long-term growth potential by investing in a diversified portfolio of U.S. equities.
U.S. equity funds, also known as U.S. stock funds, offer investors additional sources of diversification and return potential beyond the Canadian market. These funds are appealing for their long-term growth potential, although this return potential comes with additional risk beyond what is customary for income and balanced funds. Contrasting Canadian equity funds, U.S. equity funds provide a larger universe of investment potential but may also be subject to currency risk. For actively managed ScotiaFunds, experienced portfolio managers select, manage and monitor security selection within each U.S. equity fund to add value and reduce risk. Given the higher risk tolerance associated with equity funds, they are best suited to long-term investors with at least 5 years to invest.
Distributions may consist of net income, and/or dividends, and/or net realized capital gains and are taxable in the hands of the investor. Monthly distributions are made by the last business day of each month, or the last business day of each calendar quarter for quarterly paying fund series, other than in December. The final distribution in respect of each taxation year will be paid or payable by December 31 of each year or at such other times as may be determined by the fund’s Manager. Generally, any capital gains dividends with respect to corporate class funds are distributed within 60 days following the calendar year end. Distributions are automatically reinvested unless an investor elects to receive them in cash. Investors should not confuse a fund’s distribution rate with its performance, rate of return or yield.
Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, their values change frequently and past performance may not be repeated. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns.