Scotia INNOVA Maximum Growth Portfolio Class - Series T
Right for you if:
You want an all-equity holding and want stable monthly distributions
You're investing for the long term and can accept medium to high risk
To achieve long term capital appreciation. It invests primarily in a diversified mix of mutual funds and/or equity securities located anywhere in the world.
Rates of return
|Series Availability||Series T
|Fund Category||Global Equity
40% S&P/TSX Composite Index
|Portfolio Advisor||1832 Asset Management L.P.|
|Eligible for Registered Plans?||Recommended for non-registered plans only|
|Management Expense Ratio||For details on the fund's fees,
please refer to either the Fund Profile or the Fund Facts.
|Minimum Initial Investment||50000
|Minimum Subsequent Investment||50|
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.