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About Scotia US Equity Index Tracker ETF
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Inception date
Oct 29, 2020
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
1832 Asset Management LP
ISIN
CA80929R1001
The fund offers a plain vanilla exposure to broad sectors by tracking the performance of a broad US equity market index. The underlying index targets the 500 largest firms by market capitalization in the United States. Securities are selected and weighted based on their market capitalization. The index is calculated as a net total return index in Canadian dollars and is rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stocks99.84%
Electronic Technology22.22%
Technology Services20.87%
Finance14.29%
Retail Trade8.35%
Health Technology8.06%
Consumer Non-Durables3.77%
Producer Manufacturing3.07%
Consumer Services2.99%
Consumer Durables2.69%
Energy Minerals2.43%
Utilities2.24%
Transportation1.47%
Health Services1.38%
Process Industries1.36%
Commercial Services1.35%
Industrial Services1.14%
Communications0.87%
Distribution Services0.65%
Non-Energy Minerals0.59%
Miscellaneous0.05%
Bonds, Cash & Other0.16%
Cash0.11%
Miscellaneous0.05%
Stock breakdown by region
North America97.38%
Europe2.47%
Latin America0.16%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SITU invests in stocks. The fund's major sectors are Electronic Technology, with 22.22% stocks, and Technology Services, with 20.87% of the basket. The assets are mostly located in the North America region.
SITU top holdings are Apple Inc. and NVIDIA Corporation, occupying 7.36% and 6.29% of the portfolio correspondingly.
SITU assets under management is 2.92 B CAD. It's risen 5.03% over the last month.
SITU fund flows account for 1.06 B CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, SITU doesn't pay dividends to its holders.
SITU shares are issued by The Bank of Nova Scotia under the brand Scotia. The ETF was launched on Oct 29, 2020, and its management style is Passive.
SITU expense ratio is 0.09% meaning you'd have to pay 0.09% of your investment to help manage the fund.
SITU follows the Solactive GBS United States 500 CAD Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SITU invests in stocks.
SITU price has risen by 1.79% over the last month, and its yearly performance shows a 18.39% increase. See more dynamics on SITU price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.10% over the last month, showed a 9.49% increase in three-month performance and has increased by 20.11% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.10% over the last month, showed a 9.49% increase in three-month performance and has increased by 20.11% in a year.
SITU trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.