Scotia Mortgage Income Fund
Trust · Residential
Managed by 1832 Asset Management L.P. (Scotia Global Asset Management)
Data as of: April 30, 2026
This review is compiled by WOWA for informational purposes only and is not investment advice, an offer, or a solicitation. Figures are drawn from the manager's published materials as of the dates shown and may change. Returns are historical and do not guarantee future results. Verify all details with the manager or a licensed advisor before investing.
About the fund
The Scotia Mortgage Income Fund is an open-end mutual fund managed by 1832 Asset Management L.P. (Scotia Global Asset Management) and offered to the public by prospectus. Its objective is to provide regular interest income by investing primarily in high-quality mortgages on Canadian residential properties. Holdings are generally insured or guaranteed by Canadian federal or provincial governments or their agencies, or conventional first mortgages with loan-to-value ratios up to 80% unless the excess is insured. Classified as a short-term fixed-income fund, it is managed using interest-rate and yield-curve analysis.
At a glance
| Assets under management (AUM) | $1.6B CAD |
| 2025 return | 2.8% |
| First mortgages | 100% |
| Property focus | Residential (100%) |
| Structure | Trust |
| Investor access | Available to individual investors |
Portfolio & performance
The portfolio is composed of residential mortgages (100%).
| Property Type | Share (%) |
| Residential | 100% |
Scotia Mortgage Income Fund returns
| Calendar year | Net return |
| 2023 | 3% |
| 2024 | 6.4% |
| 2025 | 2.8% |
Fund facts
| Structure | Trust |
| Management fee | 1.46% |
| Performance fee | No |
| First mortgages | 100% |
| Leverage | Unleveraged |
| Series/classes | A |
| Latest data | April 30, 2026 |
Additional fund details
The fund held 6,671 underlying mortgages, approximately 89.6% of which were conventional and uninsured. Credit risk is partly reduced by a Scotiabank repurchase agreement under which Bank of Nova Scotia/Scotia Mortgage Corporation may be required to repurchase certain mortgages at par, including mortgages that default, do not qualify as valid first mortgages or breach applicable loan-to-value limits. This arrangement is a contractual repurchase commitment and should not be confused with CMHC insurance. The fund’s remaining risk is primarily related to interest-rate movements and portfolio duration. It is therefore classified as having a low-to-medium risk rating. The fund is managed by 1832 Asset Management L.P., a Scotiabank-owned investment manager operating under the Scotia Global Asset Management brand.
Investor access
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $500.
The minimum investment amount through an advisor or dealer is $500.
About the manager
Scotia Global Asset Management is the asset-management business of The Bank of Nova Scotia (Scotiabank), operating in Canada through 1832 Asset Management L.P., a limited partnership whose general partner is wholly owned by Scotiabank. It manages mutual funds, ETFs, and discretionary portfolios under brands including ScotiaFunds and Dynamic Funds, serving retail, private-client, and institutional investors. One of Canada's largest asset managers, it offers strategies across fixed income, equities, and multi-asset mandates, distributed through Scotiabank branches, affiliated dealers, and third-party intermediaries. Its products are offered by prospectus to the general public.
Disclaimer:
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