Mutual Funds: Understanding Costs - Scotiabank
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.
2704-2016-0816 R2
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