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Scotia Asset Management L.P. Legal Disclosures
Change of Auditors: Notice to Unitholders and Reporting Package
Effective April 30, 2012, PricewaterhouseCoopers LLP (PWC) will become the sole auditor for all of the Funds managed by Scotia Asset Management L.P., replacing Ernst & Young LLP and Gaviller & Company LLP as applicable. There have been no reportable events (disagreements, unresolved issues and consultations) in connection with the audits of the Funds for the most recent fiscal year and any subsequent period to date. This change is being implemented by Scotia Asset Management L.P., the “Manager” and “Trustee” of the Funds because it feels in doing so it can create synergies and efficiencies that benefit the unitholders of the Funds. An independent review committee, each member of which is independent of the Manager, the Funds and PWC, has approved the change and concluded that it is in the best interest of the Funds. There is no action required on your part. No costs of effecting this change will be borne by the Funds or the Funds’ unitholders. For further information, please refer to the reporting package documents filed with regulators below:
Change of Auditor (427 kb)
Former Auditor (538 kb)
Successor Auditor Letter (273 kb)
ScotiaFunds® are managed by Scotia Asset Management L.P., a limited partnership wholly-owned directly and indirectly by The Bank of Nova Scotia.
ScotiaFund prices are provided for information purposes only.
All performance information pertains to Class A units of the ScotiaFunds unless otherwise noted.
Units of ScotiaFunds® are only available for sale to residents of Canada. Please contact your financial advisor for more details. The contents of this site should not be considered an offer to sell or a solicitation to buy mutual fund units to any person in a jurisdiction where such offer or solicitation is considered unlawful.
Important information about ScotiaFunds is contained in the Funds' Simplified Prospectus, which should be read carefully before investing in ScotiaFunds.
Scotia Partners Portfolios®, Scotia Selected® Portfolios (formerly Scotia Selected® Funds), Scotia Vision® Portfolios (formerly Scotia Vision™ Funds) and Scotia INNOVA Portfolios™ are mutual funds that invest in third party mutual funds and/or other ScotiaFunds.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
For cash equivalent funds, the performance data provided assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. There can be no assurance that the funds will be able to maintain their net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. For all other funds, the indicated rate[s] of return is [are] the historical annual compounded total return[s] including changes in [share or unit] value and reinvestment of all [dividends or distributions] and does [do] not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.
The "no-load" family of ScotiaFunds and copies of the Simplified Prospectus are available from representatives of Scotia Securities Inc., the principal distributor, through Canadian branches of The Bank of Nova Scotia, ScotiaFunds are also available from ScotiaMcLeod™ and ScotiaItrade™ divisions of Scotia Capital Inc., Member Canadian Investor Protection Fund. Management fees and operating expenses are paid by each fund.
ScotiaFunds Advisor Class units and copies of the Simplified Prospectus are available form representatives of authorized dealers or brokers.
The performance of the Index funds is expected to be lower than the performance of their respective indices. Scotia CanAm Index Fund (formerly Scotia CanAm Stock Index Fund), Scotia Nasdaq Index Fund and Scotia International Index Fund (formerly Scotia International Stock Index Fund) track the performance of each of their respective indices primarily through the use of derivatives.
Prior to March 8, 2011, the portfolio advisor for Scotia Canadian Blue Chip Fund, Scotia Canadian Growth Fund, Scotia Canadian Small Cap Fund, Scotia Resource Fund, Scotia U.S. Blue Chip Fund (formerly Scotia U.S. Growth Fund), Scotia CanAm Index Fund, and Scotia Nasdaq Index Fund was Scotia Asset Management L.P.
Prior to March 8, 2011, the portfolio advisor for Scotia Global Opportunities Fund was Thornburg Investment Management Inc.
Prior to March 8, 2011, the portfolio advisor for Scotia Global Small Cap Fund was GlobeFlex Capital L.P.
Prior to March 8, 2011, the portfolio advisor for Scotia International Value Fund was Pzena Investment Management LLC.
Prior to March 8, 2011, the portfolio advisor for Scotia Pacific Rim was Amundi Asset Management.
Prior to January 4, 2011, the portfolio advisor for Scotia U.S. Value Fund was Metropolitan West Capital Management LLC.
Prior to August 30, 2010, the portfolio advisor for Scotia European Fund (formerly Scotia European Growth Fund) was AllianceBernstein Canada, Inc.
Prior to December 15, 2008, the portfolio advisor for Scotia Global Climate Change Fund was State Street Global Advisors Limited.
On April 23, 2007, each of Scotia U.S. Value Fund (formerly Capital U.S. Large Companies Fund), Scotia International Value Fund (formerly Capital International Large Companies Fund), Scotia Global Opportunities Fund (formerly Capital Global Discovery Fund) and Scotia Global Small Cap Fund (formerly Capital Global Small Companies Fund) changed its investment objectives. These changes of investment objectives could have had an effect on the performance of these funds during the performance measurement period.
Prior to April 23, 2007, the portfolio advisor for Scotia U.S. Value Fund, Scotia International Value Fund, Scotia Global Opportunities Fund, and Scotia Global Small Cap Fund was Capital International Asset Management Canada, Inc.
Morningstar ratings (commonly referred to as "star ratings") are overall ratings reflecting the risk adjusted performance of a fund to its category peers. and are recalculated monthly. The ratings are calculated for funds with a minimum of 3 years of performance and represents a weighted combination of its three, five and ten year ratings, as applicable. The top 10% of the funds in a category receive 5 stars (high); if the funds fall in the next 22.5%, they receive 4 stars (above average); a place in the middle 35% earns a fund 3 stars (neutral or average); those in the next 22.5% receive 2 stars (below average); and the lowest 10% get 1 star (low). Ratings are just one factor to consider when investing. For more information about this rating, contact Morningstar Inc. at 1-800-531-4725 or go to www.morningstar.ca. The category average refers to the average of the CIFSC category to which the fund belongs.
Portfolio Advisor Quarterly Commentary Disclosures
The information contained in the quarterly fund commentaries is compiled from sources believed to be reliable, but no representation or warranty, express or implied, is made as to its accuracy. All opinions not intended to provide specific financial, tax, investment, legal or accounting advice and should not be relied upon in that regard. You should not act or rely on this information without seeking the advice contained in the fund commentaries are subject to change without notice and are provided in good faith without legal responsibility. This information is of a professional.
The quarterly fund commentaries may contain forward-looking statements about the fund. Such statements are predictive in nature and depend upon or refer to future events or conditions and may include such words as "expects", "plans", "anticipates", "believes", "estimates" or other similar expressions. In addition, any statement regarding future performance, strategies, prospects, action or plans is also a forward-looking statement. Forward-looking statements are subject to known and unknown risks and uncertainties and other factors that may cause actual results, performance, events, activity and achievements to differ materially from those expressed or implied by such statements. Such factors include general economic, political and market conditions, interest and foreign exchange rates, regulatory or judicial proceedings, technological change and catastrophic events. You should consider these and other factors carefully before making any investment decisions and before relying on forward-looking statements. We have no specific intention of updating any forward-looking statements whether as a result of new information, future events or otherwise.
Scotia Asset Management L.P. (SAM), on behalf of the ScotiaFunds, obtained a ruling from the Canadian Securities Administrators that, subject to certain terms and conditions, allows these funds to invest in equity securities of a reporting issuer during the period of distribution of the issuer's securities and for a 60-day period following completion of the distribution, notwithstanding that Scotia Capital Inc. or another affiliate of SAM has acted as an underwriter in the relevant offering in the same class of such securities.
E. & O.E.
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® Registered trademark of The Bank of Nova Scotia, used under license