Scotia Global Asset Management Announces Management Fee Reductions and Risk Rating Changes for Select ScotiaFunds

TORONTO, May 30, 2025 /CNW/ - Scotia Global Asset Management today announced a series of changes to select ScotiaFunds.

Management Fee Reductions

Scotia Global Asset Management is reducing the management fees for the following Scotia Index Funds (Series F), effective immediately:

Fund Name	New Fee
Scotia Canadian Bond Index Fund	0.10 %
Scotia Canadian Equity Index Fund	0.15 %
Scotia International Equity Index Fund	0.15 %
Scotia U.S. Equity Index Fund	0.15 %

Risk Rating Changes

The following risk rating changes are being made effective immediately:

Fund	Current Rating	New Rating
Scotia Global Equity Fund	High	Medium to High
Scotia Wealth Canadian Small Cap Pool	Medium	Medium to High
Scotia Wealth North American Dividend Pool	Low to Medium	Medium

These risk rating changes are based on the standardized risk classification methodology mandated by the Canadian Securities Administrators and an annual review conducted by Scotia Global Asset Management to determine the risk level of the ScotiaFunds. There is no change to the investment objectives or the strategies of the Funds associated with the new risk ratings.

For more information about ScotiaFunds, visit scotiafunds.com

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. Series A units are available for purchase to all investors, while Series F units are only available to investors who participate in eligible fee-based or wrap programs with their registered dealers. Differences in performance between these series are primarily due to differences in management fees and fixed administration fees. Performance results for Series F units may also appear higher than for Series A units as the management fee does not include the trailing commission.

About Scotia Global Asset Management

Scotia Global Asset Management^® is a business name used by 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Scotiabank. Scotia Global Asset Management offers a range of wealth management solutions, including mutual funds, ETFs, liquid alternative mutual funds, private asset funds and customized investment solutions for institutions and managed asset programs. For more information, please visit www.scotiagam.com.

About Scotiabank 
Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4 trillion (as at January 31, 2025), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on X @Scotiabank.

SOURCE Scotiabank

CONTACT INFORMATION: For media enquiries, please contact: Alex Mathias, Global Wealth Management Communications, Scotiabank, E-mail: [email protected], Phone: [phone]