Key stats
About SCOTIA CANADIAN LARGE CAP EQUITY INDEX TRACKER ETF
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Inception date
Oct 29, 2020
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
1832 Asset Management LP
The fund is passively managed to track a narrow index of Canadas largest companies. The fund selects the 60 largest companies from the Solactive Canada Broad Market Index, and weights them according to their free-float market capitalization. It offers a very straightforward investment strategy, while not limiting itself to a specific sector. The indices are rebalanced quarterly in February, May, August, and November.
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
Industrial Services
Stocks99.60%
Finance38.42%
Industrial Services12.27%
Non-Energy Minerals8.77%
Energy Minerals8.34%
Transportation6.74%
Technology Services6.55%
Commercial Services6.23%
Retail Trade4.94%
Communications2.66%
Utilities2.06%
Process Industries1.11%
Consumer Services0.95%
Producer Manufacturing0.56%
Bonds, Cash & Other0.40%
Cash0.40%
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
SITC invests in stocks. The fund's major sectors are Finance, with 38.42% stocks, and Industrial Services, with 12.27% of the basket. The assets are mostly located in the North America region.
SITC top holdings are Royal Bank of Canada and Shopify, Inc. Class A, occupying 8.55% and 6.23% of the portfolio correspondingly.
SITC assets under management is 403.38 M CAD. It's risen 63.01% over the last month.
SITC fund flows account for 303.57 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, SITC doesn't pay dividends to its holders.
SITC shares are issued by The Bank of Nova Scotia under the brand Scotia. The ETF was launched on Oct 29, 2020, and its management style is Passive.
SITC expense ratio is 0.06% meaning you'd have to pay 0.06% of your investment to help manage the fund.
SITC follows the Solactive Canada Large Cap Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SITC invests in stocks.
SITC price has risen by 2.00% over the last month, and its yearly performance shows a 21.57% increase. See more dynamics on SITC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.63% over the last month, showed a 15.96% increase in three-month performance and has increased by 24.87% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.63% over the last month, showed a 15.96% increase in three-month performance and has increased by 24.87% in a year.
SITC trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.