Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETFDesjardins RI Global Multifactor Fossil Fuel Reserves Free ETFDesjardins RI Global Multifactor Fossil Fuel Reserves Free ETF

Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF

No trades
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Key stats


Assets under management (AUM)
‪20.13 M‬CAD
Fund flows (1Y)
‪1.76 M‬CAD
Dividend yield (indicated)
2.43%
Discount/Premium to NAV
0.6%
Shares outstanding
‪550.00 K‬
Expense ratio
0.65%

About Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF


Issuer
Le Mouvement des caisses Desjardins
Brand
Desjardins
Inception date
Mar 7, 2019
Index tracked
Scientific Beta Desjardins Global RI Fossil Fuel Reserves Free Multifactor Index - CAD
Management style
Passive
Dividend treatment
Distributes
Primary advisor
Desjardins Société de Placement, Inc.
ISIN
CA25061T1093
The fund incorporates environmental, social and governance (ESG) considerations to a multifactor investment approach. It tracks an index that aims to significantly reduce its exposure to Carbon Asset Stranding Risk by excluding firms that: 1) own fossil fuel reserves, 2) are classified in the energy sector, particularly engaged in fossil fuels, 3) derive significant revenue from fossil fuels including coal, oil and gas, and 4) have a portion of thermal coal in their power generation fuel mix. Securities must also meet the funds pre-determined ESG standards in order to be selected. Remaining securities are then filtered out based on six investment factors: size (selecting midcap stocks only), valuation, momentum, volatility, profitability and investment. A proprietary diversification-based weighting scheme is then applied to each of the six filtered groups. The index is rebalanced on a quarterly basis.

Broaden your horizons with more funds linked to DRFG via country, focus, and more.

Classification


Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Multi-factor
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Multi-factor
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Technology Services
Electronic Technology
Stock breakdown by region
0.2%1%63%21%0.2%0.1%12%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
DRFG trades at 36.53 CAD today, its price has risen 0.14% in the past 24 hours. Track more dynamics on DRFG price chart.
DRFG net asset value is 36.49 today — it's risen 2.06% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
DRFG assets under management is ‪20.13 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
DRFG price has risen by 2.20% over the last month, and its yearly performance shows a 25.19% increase. See more dynamics on DRFG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.06% over the last month, showed a 12.86% increase in three-month performance and has increased by 27.44% in a year.
DRFG fund flows account for ‪1.76 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
DRFG invests in stocks. See more details in our Analysis section.
DRFG expense ratio is 0.65%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, DRFG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, DRFG technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating DRFG shows the buy signal. See more of DRFG technicals for a more comprehensive analysis.
Yes, DRFG pays dividends to its holders with the dividend yield of 2.43%.
DRFG trades at a premium (0.58%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
DRFG shares are issued by Le Mouvement des caisses Desjardins
DRFG follows the Scientific Beta Desjardins Global RI Fossil Fuel Reserves Free Multifactor Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 7, 2019.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.