SCOTIAFUNDS As of February 28, 2022 Scotia Global Growth Fund - Series A Global Equity Investment Objective The fund's objective is long-term capital growth.It invests primarily in a broad range of equity securities of companies around the world. Reasons for Investing ■ Typically holds 70-120 stocks from across the globe, representing diverse geographical and sector exposure. ■ The portfolio advisor’s rigorous stock selection process seeks out dynamic global companies utilizing a variety of qualitative and quantitative screens. ■ The fund benefits from being managed by one of the U.K.’s leading independently owned investment management firms. Risk Rating » LOW MEDIUM HIGH Time Horizon — Long FUND ESSENTIALS Inception Date February 20, 1961 ......................... Total Assets $mil 444.75 ...................................... Min. Initial Inv.($) 100 .......................................... Min. Additional Inv.($) 25 ..................................... Income Distribution Annually ................................ Capital Distribution Annually ................................ MER % (as of 6/30/2021) 2.20 ............................. NAV $ 97.45 ........................................................ Benchmark MSCI All Country World Index (Gross C$) ............................................ Series Load Structure Currency Fund Code A No Load CAD BNS374 F No Load CAD BNS574 Portfolio Manager(s) Spencer Adair Spencer Adair Spencer Adair Spencer Adair Baillie Gifford & Co Limited. Malcolm MacColl Malcolm MacColl Malcolm MacColl Malcolm MacColl Baillie Gifford & Co Limited. Helen Xiong Helen Xiong Helen Xiong Helen Xiong Baillie Gifford & Co Limited. Management 1832 Asset Management L.P. ................ Telephone 1-800-268-9269 ........................................ Website www.scotiafunds.com .................................... PERFORMANCE & PORTFOLIO ANALYSIS Compound returns (%) 1 Mth 3 Mth 6 Mth 1 Yr 2 Yr 3 Yr 5 Yr 10 Yr Fund -5.43 -16.39 -18.75 -14.36 9.68 10.02 10.48 12.56 Calendar Year Returns (%) YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 Fund -14.70 4.87 30.77 24.15 -3.54 23.72 0.18 18.77 12.02 35.12 13.16 Distributions ($/unit) YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 Total Distributions -- -- -- 1.14 -- -- -- -- -- -- -- Dividends -- -- -- 1.14 -- -- -- -- -- -- -- Growth of $10,000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 Jan-80 Feb-22 Composition (%) U.S. Equity 53.8 .............................. International Equity 42.3 ................. Cash 2.9 ......................................... Canadian Equity 1.1 ........................ Market Cap (%) Mega (>$43B) 64.1 Large ($7.2B - $43B) 31.9 Medium ($1B - $7.2B) 4.0 Small ($280M - $1B) 0.0 Micro (<$280M) 0.0 Top 10 Holdings % Assets Anthem Inc. Com 3.2 Microsoft Corp. Com 3.0 Alphabet Inc. Cap Stk Cl C 2.9 Moody's Corp. Com 2.7 Martin Marietta Materials Inc. Com 2.7 Prosus N.V. Shs 2.6 Taiwan Semiconductor Manufacturing Co. Ltd. Shs 2.4 Reliance Industries Ltd. GDR Global Depositary Rcpts 144a 2.3 Amazon.com Inc. Com 2.1 Ryanair Holdings PLC Sponsored ADR Sponsored Adr New 2.0 Total 25.9 Top 5 Sector Allocation (%) Consumer discretionary 19.6 Information technology 17.8 Financials 14.8 Health care 14.2 Communication services 9.0 Geographic Allocation (%) United States 53.8 United Kingdom 6.0 Japan 5.0 China 4.0 Canada 3.9 Total Portfolio Holdings Stock Holdings 97 Bond Holdings 0 Other Holdings 1 Total Number of Underlying Holdings 98
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SCOTIAFUNDS As of February 28, 2022
Scotia Global Growth Fund - Series AGlobal Equity
Investment ObjectiveThe fund's objective is long-term capital growth.Itinvests primarily in a broad range of equity securities ofcompanies around the world.
Reasons for Investing■ Typically holds 70-120 stocks from across the globe,
representing diverse geographical and sectorexposure.
■ The portfolio advisor’s rigorous stock selectionprocess seeks out dynamic global companies utilizinga variety of qualitative and quantitative screens.
■ The fund benefits from being managed by one of theU.K.’s leading independently owned investmentmanagement firms.
Risk Rating
»LOW MEDIUM HIGH
Time Horizon — Long
FUND ESSENTIALS
Inception Date February 20, 1961.........................Total Assets $mil 444.75......................................Min. Initial Inv.($) 100..........................................Min. Additional Inv.($) 25.....................................Income Distribution Annually................................Capital Distribution Annually................................MER % (as of 6/30/2021) 2.20.............................NAV $ 97.45........................................................
Top 10 Holdings % AssetsAnthem Inc. Com 3.2Microsoft Corp. Com 3.0Alphabet Inc. Cap Stk Cl C 2.9Moody's Corp. Com 2.7Martin Marietta Materials Inc. Com 2.7Prosus N.V. Shs 2.6Taiwan Semiconductor Manufacturing Co. Ltd. Shs 2.4Reliance Industries Ltd. GDR Global Depositary Rcpts 144a 2.3Amazon.com Inc. Com 2.1Ryanair Holdings PLC Sponsored ADR Sponsored Adr New 2.0
Total 25.9
Top 5 Sector Allocation (%)Consumer discretionary 19.6Information technology 17.8Financials 14.8Health care 14.2Communication services 9.0
Geographic Allocation (%)United States 53.8United Kingdom 6.0Japan 5.0China 4.0Canada 3.9
Total Portfolio HoldingsStock Holdings 97Bond Holdings 0Other Holdings 1Total Number of Underlying Holdings 98
SCOTIAFUNDS
Scotia Global Growth Fund - Series AGlobal Equity
MANAGER BIO
Spencer AdairManager Since February 1, 2007Baillie Gifford & Co Limited.
Spencer joined Baillie Gifford in 2000 and is an InvestmentManager in the Global Alpha Team. He became a Partnerin 2013 and has also spent time working in the FixedIncome, Japanese, European and UK Equity Teams.Spencer managed the Investment Grade Long Bond Fundwhilst being a Fixed Income Investment Manager and theEuropean portion of wider Global portfolios whilst in theEuropean Team. He has also spent time with our EmergingMarkets Team. Spencer has been involved in the GlobalAlpha portfolio since inception in 2005 and has focusedexclusively on this portfolio management responsibilitysince early 2007. He graduated BSc in Medicine from theUniversity of St Andrews in 1997, followed by two years ofclinical training in Edinburgh.
Malcolm MacCollManager Since February 1, 2007Baillie Gifford & Co Limited.
Malcolm joined Baillie Gifford in 1999 and spent his earlyyears in the UK Small Cap Team before joining the NorthAmerican Team. When the Global Alpha Team wasestablished in 2005, Malcolm became one of the threeInvestment Managers for the strategy. This remains his soleportfolio management responsibility. Malcolm became aPartner in 2011 and, in 2021, he became Joint SeniorPartner with overall oversight of the investmentdepartments. Malcolm graduated MA in Economics andHistory in 1998 and MLitt in Economics, Politics andManagement in 1999 both from the University of StAndrews. He is a member of the CFA Society of the UK.
Helen XiongManager Since May 1, 2021Baillie Gifford & Co Limited.
Helen joined Baillie Gifford and 2008 after graduating fromthe University of Cambridge with a Masters of Philosophy(MPhil), Economics. She was a Senior Analyst on theGlobal Alpha team from 2012-2014 and was named USEquity Portfolio Manager in 2014. She concurrently the USequity scout for the Global Alpha team until 2020. Helenhas taken over Charles Plowden’s position within theGlobal Alpha team upon his retirement and was named aPartner of the firm.
SCOTIAFUNDS
Scotia Global Growth Fund - Series AGlobal Equity
® Registered trademarks of The Bank of Nova Scotia, used under licence.
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 availablethrough Scotia Securities Inc. and from other dealers and advisors, including ScotiaMcLeod® and Scotia iTRADE® which are divisions of Scotia Capital Inc. Scotia Securities Inc. and ScotiaCapital Inc. are wholly owned by The Bank of Nova Scotia. Scotia Capital Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization ofCanada.
Fund prices are provided for information purposes only. All information pertains to Series A units of the fund unless stated otherwise. Units of the fund are only available for sale to residents ofCanada, unless the laws of a foreign jurisdiction permit sales to its residents. Please contact your financial advisor for more details. The contents of this document should not be considered anoffer to sell to, or a solicitation to buy mutual fund units from, any person in a jurisdiction where such offer or solicitation is considered unlawful.
IMPORTANT MUTUAL FUND INFORMATION
Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus beforeinvesting. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, theirvalues change frequently and past performance may not be repeated. The indicated rates of return are the historical annual compounded total returnsincluding changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges orincomes taxes payable by any security holder that would have reduced returns.1832 Asset Management L.P., as Manager of the ScotiaFunds, may compensate its staff and any appointed sub-distributor by regular payments based on the net asset value (NAV) of unitsheld by investors. For further details, please refer to the Simplified Prospectus.
