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About Scotia Responsible Investing U.S. Equity Index ETF Trust Units
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Inception date
Jan 4, 2022
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
1832 Asset Management LP
ISIN
CA80928N1006
The fund is passively managed and primarily invests in large- and mid-cap companies in the US market. The fund starts from a broad investment universe that covers 85% of the US market segment and uses an ESG criteria to evaluate whether a company is eligible for inclusion in the fund. The ESG criteria aim to exclude those that (1) fail to respect established norms and principles like environmental protection, human rights, labor standards, and anti-corruption, (2) have involvement in controversial weapons and business activities, (3) don't have female representation in any top decision-making positions. The resulting universe then excludes the top 25% of issuers with the highest carbon intensity profiles within each sector. The selected securities are weighted according to free-float market capitalization, and the maximum weight of a single security is 10%. The index 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
Finance
Electronic Technology
Technology Services
Health Technology
Stocks99.87%
Finance23.83%
Electronic Technology21.87%
Technology Services14.67%
Health Technology14.43%
Producer Manufacturing4.97%
Retail Trade4.17%
Consumer Non-Durables3.93%
Health Services2.86%
Consumer Services2.73%
Commercial Services2.17%
Transportation0.85%
Process Industries0.83%
Distribution Services0.79%
Non-Energy Minerals0.65%
Consumer Durables0.62%
Industrial Services0.37%
Utilities0.11%
Bonds, Cash & Other0.13%
Cash0.13%
Stock breakdown by region
North America97.47%
Europe2.53%
Latin America0.00%
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
SRIU invests in stocks. The fund's major sectors are Finance, with 23.83% stocks, and Electronic Technology, with 21.87% of the basket. The assets are mostly located in the North America region.
SRIU top holdings are NVIDIA Corporation and Broadcom Inc., occupying 12.16% and 4.99% of the portfolio correspondingly.
SRIU assets under management is 198.71 M CAD. It's risen 1.20% over the last month.
SRIU fund flows account for 68.07 M 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, SRIU doesn't pay dividends to its holders.
SRIU shares are issued by The Bank of Nova Scotia under the brand Scotia. The ETF was launched on Jan 4, 2022, and its management style is Passive.
SRIU expense ratio is 0.19% meaning you'd have to pay 0.19% of your investment to help manage the fund.
SRIU follows the Solactive Responsible U.S. Equity Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SRIU invests in stocks.
SRIU price has risen by 1.93% over the last month, and its yearly performance shows a 18.12% increase. See more dynamics on SRIU price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.45% over the last month, showed a 8.10% increase in three-month performance and has increased by 19.86% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.45% over the last month, showed a 8.10% increase in three-month performance and has increased by 19.86% in a year.
SRIU trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.