Key stats
About WEALTHSIMPLE N A SOC RESP IDX ETF UNITS CAD
Expense ratio
0.24%
Home page
Inception date
Jun 16, 2020
The fund is an index tracking fund, where individual components are selected from the Solactive GBS North America Large & mid-cap Index . The investment objective is to screen out companies with poor ESG values from a universe of mid- to large-cap stocks within the North American equities space. The surviving universe is then scored using a multi-factor criteria (average of the individual momentum, value, and quality scores) and a carbon intensity criteria. Companies that fall under the bottom quartile of both criteria are excluded and the rest are included in the underlying index. Each component is weighted using their inverse-volatility over the three-year period on an individual basis and on a sector basis. Individual weights are capped at 2%, while country weights are capped at 30% each. Rebalancing is done quarterly.
Classification
What's in the fund
Exposure type
Consumer Non-Durables
Finance
Non-Energy Minerals
Stock breakdown by region