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ScotiaFunds®
Scotia Diversified Monthly Income Fund
Right for you if:
You want regular monthly income with some growth potential through a diversified portfolio of income generating equity and fixed income securities
You are investing for the medium to long term and can accept medium risk
Investment Objectives
The Fund aims to provide regular monthly income and some capital appreciation. The Fund invests primarily in a diversified portfolio of income generating securities, such as dividend paying common shares, preferred shares, investment grade bonds, convertible debentures, mortgages, high yield bonds, asset-backed and mortgage-backed securities, and income trust units.
Performance (Series A)
Rates of return (Series A)
Distributions (Series A)
Investment Documents
| Date established | 2005-06-20T00:00:00.000-04:00 |
| Series Availability | Series A, Series D, Series F |
| Fund Category* | Canadian Neutral Balanced |
| Benchmark Index | 50% FTSE Canada Universe Bond Index; |
| Distribution Frequency | Monthly |
| Portfolio Advisor | 1832 Asset Management L.P. |
| Eligible for Registered Plans? | Yes |
| Management Expense Ratio | For details of the fund’s fees, please refer to either the Fund Profile or the Fund Fact Sheet. |
| Minimum Initial Investment in Series A |
500 |
| Minimum Subsequent Investment | 25 |
| Fund Code | BNS339 |
Ready 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.
Target monthly distributions are determined based on the target payout rate for the indicated series of the fund. Target distributions are not guaranteed and may change at any time at the discretion of the fund’s Manager. If distributions paid by the fund are greater than the performance of the fund, distributions paid may include a return of capital and an investor’s original investment will shrink. A return of capital is not taxable to the investor, but will generally reduce the adjusted cost base of the securities held for tax purposes. If the adjusted cost base falls below zero, investors will realize capital gains equal to the amount below zero.
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.
* Canadian Investment Funds Standards Committee (CIFSC)