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About Wealthsimple Shariah World Equity Index ETF Trust Units
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Inception date
May 12, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Mackenzie Financial Corp.
ISIN
CA94701W1041
The fund is passively managed to track an index of stocks compliant with Shariah Law that exhibit both quality and low volatility. The fund starts from a universe of large and mid-cap companies from developed countries that are generally not involved in any non-Halal items. Companies uncompliant with Shariah Law are typically involved in alcohol, tobacco, pork-related products, weapons and defense, conventional banking and conventional insurance companies, and adult entertainment. Stocks deemed to have good quality and low volatility are screened by the index provider through a multi-step process that ranks companies with the best multi-factor z-scores with respect to sector. The portfolio is weighted relative to the inverse of their volatility, subject to liquidity constraints. The fund may use a sampling methodology in which it could invest in a sample of securities that collectively have an investment profile like that of the underlying index. 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
Consumer Non-Durables
Health Technology
Technology Services
Stocks99.57%
Consumer Non-Durables15.70%
Health Technology12.95%
Technology Services12.15%
Finance8.10%
Energy Minerals6.55%
Retail Trade6.50%
Producer Manufacturing6.17%
Process Industries5.95%
Electronic Technology5.48%
Non-Energy Minerals5.31%
Commercial Services3.57%
Consumer Durables2.93%
Industrial Services2.09%
Consumer Services2.04%
Distribution Services2.01%
Transportation1.42%
Utilities0.65%
Bonds, Cash & Other0.43%
Cash0.43%
Stock breakdown by region
North America51.60%
Europe32.79%
Asia8.27%
Oceania7.34%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
WSHR invests in stocks. The fund's major sectors are Consumer Non-Durables, with 15.70% stocks, and Health Technology, with 12.95% of the basket. The assets are mostly located in the North America region.
WSHR top holdings are Johnson & Johnson and PepsiCo, Inc., occupying 1.01% and 0.93% of the portfolio correspondingly.
WSHR assets under management is 382.39 M CAD. It's risen 0.32% over the last month.
WSHR fund flows account for 106.69 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, WSHR doesn't pay dividends to its holders.
WSHR shares are issued by Power Corp. of Canada under the brand Mackenzie. The ETF was launched on May 12, 2021, and its management style is Passive.
WSHR expense ratio is 0.62% meaning you'd have to pay 0.62% of your investment to help manage the fund.
WSHR follows the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
WSHR invests in stocks.
WSHR price has fallen by −1.08% over the last month, and its yearly performance shows a 2.75% increase. See more dynamics on WSHR price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.59% over the last month, have fallen by −0.59% over the last month, showed a 1.88% increase in three-month performance and has increased by 3.08% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.59% over the last month, have fallen by −0.59% over the last month, showed a 1.88% increase in three-month performance and has increased by 3.08% in a year.
WSHR trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.