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About Scotia Responsible Investing Canadian 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
CA80929M1014
The fund is passively managed and primarily invests in large- and mid-cap companies in the Canadian market. The fund starts from a broad investment universe that covers 85% of the Canadian 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
Transportation
Technology Services
Commercial Services
Stocks99.65%
Finance47.52%
Transportation11.66%
Technology Services10.98%
Commercial Services10.49%
Non-Energy Minerals5.47%
Retail Trade4.77%
Industrial Services2.53%
Consumer Services1.64%
Communications1.31%
Consumer Non-Durables0.92%
Producer Manufacturing0.92%
Utilities0.83%
Process Industries0.61%
Bonds, Cash & Other0.35%
Cash0.35%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
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
SRIC invests in stocks. The fund's major sectors are Finance, with 47.52% stocks, and Transportation, with 11.66% of the basket. The assets are mostly located in the North America region.
SRIC top holdings are Shopify, Inc. Class A and Royal Bank of Canada, occupying 10.49% and 9.84% of the portfolio correspondingly.
SRIC assets under management is 12.31 M CAD. It's risen 17.84% over the last month.
SRIC fund flows account for 4.28 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, SRIC doesn't pay dividends to its holders.
SRIC 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.
SRIC expense ratio is 0.20% meaning you'd have to pay 0.20% of your investment to help manage the fund.
SRIC follows the Solactive Responsible Canadian Equity Index - CAD - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SRIC invests in stocks.
SRIC price has risen by 5.40% over the last month, and its yearly performance shows a 27.68% increase. See more dynamics on SRIC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.64% over the last month, showed a 10.11% increase in three-month performance and has increased by 31.48% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.64% over the last month, showed a 10.11% increase in three-month performance and has increased by 31.48% in a year.
SRIC trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.