Mutual Funds: Understanding Costs

Mutual Funds: Understanding Costs

Mutual funds are an easy way to build a diversified portfolio while enjoying the peace of mind of knowing your savings are managed by experienced investment professionals. A Management Expense Ratio, or MER, is a key measure of the cost of owning a mutual fund.

Management Expense Ratio (MER)

Trailing Commission

? Covers the cost of advice and service from Scotiabank and your advisor

A MER is built directly into the daily price of a mutual fund. Mutual fund performance is reported after the MER is deducted.

MERs generally range from

0.75% to 2.59%* based on the type of mutual fund.

M

*Investor Economics. Median MERs of Canadian Series A mutual funds in 2013

anagement Fee

Taxes

? O n the management fee and operating expenses

Operating Expenses

? C overs the day-to-day administrative and operational costs

Investment Management Fee

? C overs the cost of professional investment management

The Value of A FINANCIAL ADVISOR

Helping you plan ahead: ? Understand your financial goals ? Develop a customized plan to help

you achieve them ? Recommend and implement

tailored solutions

Keeping you on track: ? Review your portfolio regularly ? Update you on the markets ? Adjust your strategy and solutions

when needed

Service when you need it: ? A ccess to branches, online, phone

and mobile at your convenience ? A nswer your questions and

address concerns

Where to find more information on fees

Fund Facts:

FUND FACTS

1S8co3t2iaAIsNseNtOMVaAnBaagleamnceendtILn.Pco. me Portfolio - Series A November 12, 2015 TtwBhheweisfFwoduo.rnseccduo'ymstoiaseuifnmutinpncdlvoisfien.ectsodatminpins.rokasepnyeycintfufuosnr.mdA,asktciooynonusyriodrueepsrhrehosouelwndtkatnthioveewffuaonbr odaucwtoSpocyuo,ltcdiaonwINtaoNcrOtk1Vw8A3it2BhaAlyasosnecuterdMoIantnhcaoegmreeimnPevonertstfLtom.Plio.ean(ttth1se-8a"0nF0du-n2yd6o"8u)-.9rY2to6ou9le,cfrauannndficinepnrToTdiYefshfhofrkeemftio@ysoharroretacrmshhrn-rpceebagioaisrnFeydsttkuit-etosay.nh5thfbedaeorcaiaewhfalnuteralusektdsurrn.hnecrbidonesoteaw.fuameronnrytr,ndhemionesacrarhtSsthvae.ieionrTsignheipteseaisnAfFtru.ounImtndidtydosereoaosfrpnttphooeetdyteFeiuanlrnlvydcaoalhunuaehhvoieenlwpp0eytrohoffeoutrFhmauesens5dedsyiwsnehaielolraswc.h

Scotia INNOVA Balanced Income Portfolio - Series A

20%

15%

10% 7.2 5%

6.6 7.5 7.6

0%

1.0

-5%

-10%

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NLgiekotebgmaucoaksrttahmneutateumeaosl ufunntdosf,mthoisneFyunydoudoinevsens'tt.have any guarantees. You may not

How has the Fund performed? TrehdisusceectthioenFtuenllds'syoreuthuornw. the Series A units of the Fund

have

performed

over

the

past

5

years.

Returns

are

after

expenses

have

been

deducted.

These

expenses

? Detailed information about the fund, including the MER ? Outlines the maximum Trailing Commission as percentage,

and in dollars per $1,000 invested

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.

? Registered Trademark of The Bank of Nova Scotia, used under licence. Scotiabank includes The Bank of Nova Scotia and its subsidiaries and affiliates, including 1832 Asset Management L.P. and Scotia Securities Inc. Scotia Securities Inc. is a member of the Mutual Fund Dealers Association of Canada.

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