ScotiaFunds® win FundGrade A+® Awards for 2018
ScotiaFunds is the recipient of five 2018 FundGrade A+ Awards.
The awards are given annually to investment funds and their managers who have shown “consistent, outstanding, risk-adjusted performance” through the previous calendar year. Congratulations to our investment management team for this achievement!
List of Winning Funds
|Fund Name||CIFSC Category||Fund Count||FundGrade Start Date*|
|Scotia Aria Conservative Build Portfolio||Global Fixed Income Balanced||310||1/31/2015|
|Scotia Canadian Dividend Fund||Canadian Dividend & Income Equity||371||1/31/2009|
|Scotia Global Growth Fund||Global Equity||1,006||1/31/2009|
|Scotia Nasdaq Index Fund||U.S. Equity||849||1/31/2009|
|Scotia Resource Fund||Natural Resources Equity||88||1/31/2009|
* The end date for the FundGrade calculation is December 31, 2018.
FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata. FundGrade ratings are subject to change every month..
Performance for Scotia Aria Conservative Build Portfolio (Premium Series) for the period ended December 31, 2018 is as follows:
-2.67% (1 year), 2.53% (3 years), N/A% (5 years), N/A% (10 years), and 2.44% since inception (November 2014).
Performance for Scotia Canadian Dividend Fund (Series A) for the period ended December 31, 2018 is as follows: -4.00% (1 year),
6.68% (3 years), 6.77% (5 years), 8.91% (10 years), and 9.26% since inception (December 1992).
Performance for Scotia Global Growth Fund (Series A) for the period ended December 31, 2018 is as follows: -3.54% (1 year),
6.14% (3 years), 9.73% (5 years), 11.81% (10 years), and 6.45% since inception (January 1965).
Performance for Scotia Nasdaq Index Fund (Series A) for the period ended December 31, 2018 is as follows: 6.38% (1 year), 9.95%
(3 years), 16.86% (5 years), 18.57% (10 years), and 3.80% since inception (December 2000).
Performance for Scotia Resource Fund (Series A) for the period ended December 31, 2018 is as follows: -11.95% (1 year), 12.46%
(3 years), 4.56% (5 years), 5.11% (10 years), and 3.62% since inception (July 1993).
ScotiaFunds® are managed by 1832 Asset Management L.P., a limited partnership the general partner of which is wholly owned by The Bank of Nova Scotia. ScotiaFunds are available through Scotia Securities Inc. and from other dealers and advisors. Scotia Securities Inc. is wholly owned by The Bank of Nova Scotia and is a member of the Mutual Fund Dealers Association of Canada. 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 do not take into account sales, redemption, distribution or optional charges or incomes taxes payable by any securityholder that would have reduced returns.