TORONTO, Jan. 27, 2023 /CNW/ - Scotia Global Asset Management's investment teams were recognized with 25 awards at the annual FundGrade A+ Awards. These awards are presented by Fundata Canada Inc. to investment funds and their managers who have shown consistent, outstanding, risk-adjusted performance throughout the year.

Scotiabank Logo (CNW Group/Scotiabank)

"We are pleased to be recognized for the exceptional results our investment teams achieved for clients across our multiple investment platforms, particularly during challenging markets," said Neal Kerr, Head, Scotia Global Asset Management (Canada).

Scotia Global Asset Management's award-winning mutual funds and ETFs for 2022 are:

FundGrade A+ Winner

CIFSC category

Number of funds in the category

FundGrade Start Date

Dynamic Active Canadian Dividend ETF (DXC)

Canadian Dividend & Income Equity

271

1/31/2018

Dynamic Active Crossover Bond ETF (DXO)

High Yield Fixed Income

191

1/31/2018

Dynamic Active Preferred Shares ETF (DXP)

Preferred Share Fixed Income

50

1/31/2018

Dynamic Advantage Bond Fund

Canadian Fixed Income

311

1/31/2013

Dynamic Alternative Managed Risk Private Pool Class

Tactical Balanced

174

1/31/2019

Dynamic Canadian Dividend Fund

Canadian Dividend & Income Equity

271

1/31/2013

Dynamic Conservative Yield Private Pool

Global Fixed Income Balanced

465

1/31/2016

Dynamic Dividend Fund

Canadian Dividend & Income Equity

271

1/31/2013

Dynamic Global Yield Private Pool

Global Neutral Balanced

950

1/31/2016

Dynamic International Dividend Private Pool

International Equity

399

1/31/2017

Dynamic North American Dividend Private Pool

North American Equity

81

1/31/2016

Dynamic Power Small Cap Fund

Canadian Small/Mid Cap Equity

126

1/31/2013

Dynamic Precious Metals Fund

Precious Metals Equity

45

1/31/2013

Dynamic Preferred Yield Class

Preferred Share Fixed Income

50

1/31/2014

Dynamic U.S. Balanced Class

Global Equity Balanced

735

1/31/2013

Dynamic U.S. Monthly Income Fund

Global Equity Balanced

735

1/31/2014

DynamicEdge Conservative Class Portfolio

Global Fixed Income Balanced

465

1/31/2013

DynamicEdge Growth Portfolio

Global Equity Balanced

735

1/31/2013

Scotia Canadian Balanced Fund

Canadian Neutral Balanced

290

1/31/2013

Scotia Canadian Dividend Fund

Canadian Dividend & Income Equity

271

1/31/2013

Scotia Canadian Equity Fund

Canadian Focused Equity

365

1/31/2013

Scotia Diversified Balanced Fund*

Tactical Balanced

174

1/31/2013

Scotia Nasdaq Index Fund**

U.S. Equity

836

1/31/2013

Scotia Resource Fund

Natural Resources Equity

71

1/31/2013

Scotia Selected Maximum Growth Portfolio

Global Equity Balanced

735

1/31/2013

The FundGrade calculation date for the awards is December 31, 2022.

*Scotia Diversified Balanced Fund is sub-advised by Connor, Clark & Lunn Investment Management.

**Scotia Nasdaq Index Fund is sub-advised by State Street Global Advisors, Ltd.


About Scotia Global Asset Management
Scotia Global Asset Management includes 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Scotiabank. Scotia Global Asset Management offers a range of wealth management solutions, including mutual funds, ETFs, and investment solutions for private clients, institutions and managed asset programs.

About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of over 90,000 employees and assets of approximately $1.3 trillion (as at October 31, 2022), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @Scotiabank.

About the Fundata FundGrade A+® Awards
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. For standard performance data of the funds listed above, click here.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments, including ETFs.  Please read the prospectus before investing. 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 income taxes payable by any unitholder that would have reduced returns. Mutual funds and ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.

SOURCE Scotiabank

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