UNAUDITED FINANCIAL STATEMENTS
INDEX TO UNAUDITED FINANCIAL STATEMENTS CONTENTS PAGE UNAUDITED STATEM ENT OF FINANCIAL POSITION 1 UNAUDITED STAT EM ENT OF COMPREHENSIV E INCOM E 2 UNAUDITED STATEM ENT OF CHANGES IN NET ASSETS 3 UNAUDITED NOTES TO FINANCIAL STATEM ENTS 4
UNAUDITED STATEMENT OF FINANCIAL POSITION AS OF JUNE 30, 2017 (expressed in United States dollars) 30-Jun-17 31-Mar-17 30-Jun-16 ASSETS Cash and cash equivalents $ 1,147,125 $ 278,950 $ 2,532,180 Financial assets at fair value through profit or loss (Amortized cost: $67,841,299 (March 2017: $73,141,941; June 2016: $75,477,588) 67,885,069 72,621,920 78,567,546 Interest receivable 307,029 407,000 390,339 Subscriptions receivable 496 6,671 79,659 Prepaid assets - - 5,373 Receivable from Manager - - 925 Total assets 69,339,719 73,314,541 81,576,022 LIABILITIES Redemptions payable 158,557 50,197 3,883 Management fee payable 51,220 52,699 55,963 Accrued expenses 30,549 31,602 36,481 Payable for investments purchased - - 1,466,188 Liabilities (excluding net assets attributable to holders of redeemable participating shares) 240,326 134,498 1,562,515 Management shares 1,000 1,000 1,000 Net assets attributable to holders of redeemable participating shares $ 69,098,393 $ 73,179,043 $ 80,012,507 Net asset value per redeemable participating share Class A $48,330,646/18,203,775 shares (March 2017: $48,567,567/18,488,217 shares; June 2016: $53,102,375/19,345,247 shares) $ 2.66 $ 2.63 $ 2.75 Class NU $2,225,778/873,424 shares (March 2017: $2,468,370/977,739 shares; June 2016: $3,150,306/1,189,738 shares) $ 2.55 $ 2.52 $ 2.65 Class IU $18,541,449/6,553,848 shares (March 2017: $22,142,592/7,933,940 shares; June 2016: $23,759,294/8,220,823 shares) $ 2.83 $ 2.79 $ 2.89 Class IJ JMC66,834/558 shares (March 2017: JMC65,783/558 shares; June 2016: JMC67,337/558 shares) JMC 119.72 JMC 117.84 JMC 120.62 Approved for issuance on behalf of Scotiabank US Dollar Bond Fund s Board of Directors by: Sloane Muldoon Sloane Muldoon Director Sarah Hobbs Date : August 11, 2017 Sarah Hobbs Director 1
UNAUDITED STATEMENT OF COMPREHENSIV E INCOME (expressed in United States dollars) 30-Jun-17 31-Mar-17 30-Jun-16 Income Interest income $ 357,308 $ 236,163 $ 368,098 Net realized gain (loss) on financial assets at fair value through profit or loss 77,985 (553,421) 240,164 Net change in unrealized appreciation on financial assets at fair value through profit or loss 563,791 817,030 1,240,888 Total net income 999,084 499,772 1,849,150 Expenses Management fees 155,154 155,057 168,552 Custodian and administration fees 17,952 17,154 19,194 Other expenses 16,600 16,285 16,586 Professional fees 5,611 5,546 5,144 Total operating expenses 195,317 194,042 209,476 Less: expenses reimbursed - - (390) Net operating expenses 195,317 194,042 209,086 Operating gain 803,767 305,730 1,640,064 Increase in net assets from operations attributable to holders of redeemable participating shares $ 803,767 $ 305,730 $ 1,640,064 2
UNAUDITED STATEMENT OF CHANGES IN NET ASSETS (expressed in United States dollars) Shareholders' Equity 30-Jun-17 31-Mar-17 30-Jun-16 Share Capital $ 184,199 $ 201,888 $ 215,447 Share Premium 59,762,757 64,629,485 68,260,868 Retained Earnings 8,347,670 8,041,940 9,896,128 Increase in net assets for the quarter 803,767 305,730 1,640,064 Net assets attributable to holders of redeemable participating shares $ 69,098,393 $ 73,179,043 $ 80,012,507 3
UNAUDITED NOTES TO FINANCIAL STATEMENTS 1. General Scotiabank US Dollar Bond Fund (the "Company") w as incorporated in the Cayman Islands on December 21, 1992 and registered under the Mutual Fund Law of the Cayman Islands. The Company is an open ended investment company w hich may issue and redeem its shares at a price based on the underlying net asset value. The address of the registered office is Scotia Centre, 6 Cardinal Avenue, P.O. Box 501, Grand Cayman KY1-1106. The Company has no employees. 2. Significant accounting policies These statements are prepared using the International Accounting Standards. Security transactions are accounted for on a trade date basis. Realized gains and losses on the sales of portfolio securities are calculated on an average cost basis. Interest is recorded on an accrual basis and dividend income is recognized on the ex -dividend date. 4