The ETF seeks to replicate, to the extent possible and before fees and expenses, the performance of a responsible bond index that tracks the investment returns of Canadian dollar-denominated investment grade bonds. Currently, SRIB seeks to replicate Solactive Responsible Canadian Bond Universe Liquid ex MPL TR Index
NAV $17.98
as of Apr 17, 2024
0.04 (0.24%)
1 Day NAV Change
$37.76M
Net Assets
as of Apr 17, 2024
2,100,000
Units Outstanding
as of Apr 17, 2024
Jan 13, 2022
Inception
0.10%
Management Fee

Why invest in Scotia Responsible Investing Canadian Bond Index ETF

  • Invest in a Canadian fixed income ETF that tracks a responsible index screened by a set of responsible investing criteria defined by the index provider
  • Seek broad market exposure in Canadian domiciled investment grade bonds
  • Use passive low cost responsible investing ETFs to build a diversified portfolio

Overview

  • Ticker
    SRIB
  • Inception
    Jan 13, 2022
  • Asset Class
    Canadian Fixed Income
  • Eligibility
    RRSP/RRIF/RESP/TFSA/RDSP/DPSP
  • Distribution Frequency
    Monthly
  • Fiscal year End
    December 31
  • Number of Holdings
    548

Risk Rating

  • Management Fee
    0.10%
  • MER
    0.15%
  • Exchange
    Cboe Canada
  • Currency
    CAD
  • CUSIP
    80929N109
  • Benchmark
    Solactive Broad Canadian Bond Universe Liquid ex MLP TR Index

Portfolio Management

  • Portfolio Manager
    1832-Asset-Management-LP
  • Sub Advisor
    SSGA Canada

Portfolio Analysis

as of Mar 31, 2024

  • Distribution Yield
    2.56%
  • 12 Month Trailing Yield
    2.35%

as of Mar 31, 2024

  • Weighted Average Duration
    7.04
  • Weighted Average Yield to Maturity
    3.91%
  • Weighted Average Maturity
    8.35
  • Weighted Average Coupon
    3.04%

Performance as of Mar 31, 2024

Compound Returns (%) as of Mar 31, 2024

1 mo3 mo6 mo1 yr3 Yr5 yr10 yrInception
0.5-1.16.62.0———-1.94

Calendar Returns (%) as of Mar 31, 2024

20232022202120202019201820172016
6.2———————

Portfolio Breakdown as of Mar 31, 2024

Maturity Exposure (%)

1-5 years43.6
5-10 years32.3
More than 20 years16.3
10-20 years7.8

Historical Distribution 1

Historical Periodical Distributions ($/Unit)

Distr.PeriodEx-Dividend Date Record Date Pay Date Cash Distr.
Per Unit		 Re-invested Distr.
Per Unit		 Total Distr.
Per Unit
Sep 2023 Sep 25, 2023 Sep 26, 2023 Oct 3, 20230.04-0.04
Aug 2023 Aug 25, 2023 Aug 28, 2023 Sep 5, 20230.05-0.05
Jul 2023 Jul 25, 2023 Jul 26, 2023 Aug 2, 20230.04-0.04
Jun 2023 Jun 26, 2023 Jun 27, 2023 Jul 5, 20230.05-0.05
May 2023 May 25, 2023 May 26, 2023 Jun 2, 20230.04-0.04
Apr 2023 Apr 24, 2023 Apr 25, 2023 May 2, 20230.03-0.03
Mar 2023 Mar 27, 2023 Mar 28, 2023 Apr 4, 20230.05-0.05
Feb 2023 Feb 22, 2023 Feb 23, 2023 Mar 2, 20230.03-0.03
Jan 2023 Jan 25, 2023 Jan 26, 2023 Feb 2, 20230.02-0.02
Dec 2022 Dec 29, 2022 Dec 30, 2022 Jan 9, 2023---
Nov 2022 Nov 24, 2022 Nov 25, 2022 Dec 2, 20220.04-0.04
Oct 2022 Oct 25, 2022 Oct 26, 2022 Nov 2, 20220.04-0.04
Sep 2022 Sep 26, 2022 Sep 27, 2022 Oct 4, 20220.04-0.04
Aug 2022 Aug 25, 2022 Aug 26, 2022 Sep 2, 20220.04-0.04
Jul 2022 Jul 25, 2022 Jul 26, 2022 Aug 3, 20220.03-0.03
Jun 2022 Jun 24, 2022 Jun 27, 2022 Jul 5, 20220.05-0.05
May 2022 May 25, 2022 May 26, 2022 Jun 2, 20220.04-0.04
Apr 2022 Apr 25, 2022 Apr 26, 2022 May 3, 20220.03-0.03
Mar 2022 Mar 25, 2022 Mar 28, 2022 Apr 4, 20220.04-0.04
Feb 2022 Feb 22, 2022 Feb 22, 2022 Mar 2, 20220.03-0.03
Jan 2022 Jan 25, 2022 Jan 26, 2022 Feb 2, 20220.00-0.00

Historical Calendar Year Distributions ($/unit)

Distr.PeriodEligible Div.Non-eligible Div.Other IncomeCapital GainsReturn of CapitalForeign IncomeForeign Tax PaidTotal Distr. Per unit for Tax Purpose
2022––––0.37–0.37

Literature

Fund Profile
Annual Management Report of Fund Performance (MRFP)
Annual Report
Distribution Schedule
Distribution
ETF Facts
Interim Management Report of Fund Performance (MRFP)
Interim Report
Prospectus
Scotia Responsible Investing ETFs Overview
Summaries of Investment Portfolio

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  • 1 The Fund expects to distribute, in respect of each tax year, all of its net investment income and/or net realized capital gains to investors such that the Fund will not be liable for income tax under the Income Tax Act (Canada). These distributions will either be paid in cash or reinvested in the Fund, as may be determined by 1832 Asset Management L.P. from time to time. These distributions, net of Fund expenses, will consist primarily of net investment income and capital gains distributions received from the securities held within the Fund and, any realized capital gains from securities transactions within the Fund. Distributions are taxable to investors holding the Fund in non-registered accounts. The characterization of distributions for tax purposes (such as dividends, other income, capital gains, return of capital etc.) for each period will be available only after the Fund's tax year end. Investors will receive an official tax statement from their brokers detailing the tax characteristics of distributions received for the calendar year. The amounts of past distributions are shown above. For a schedule of the Fund’s distributions, please refer to the annual Distribution Schedule.
  •  ™ Trademark of The Bank of Nova Scotia, used under licence. Scotia Global Asset Management™ is a business name used by 1832 Asset Management L.P. Scotia ETFs are managed by 1832 Asset Management L.P., a limited partnership the general partner of which is wholly owned by The Bank of Nova Scotia.
  •  Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus before investing. The securities held by the ETFs can change at any time without notice. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or operational charges or income taxes payable by any securityholder that would have reduced returns. Investments in ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
  •  All investments involve risk. The value of an ETF can go down as well as up and you could lose money. The risk rating of the ETF is based on industry standard risk rating guidelines. For more information about the specific risks of this ETF and its risk rating, see the Scotia ETF’s prospectus, including the disclosure under the headings "Risk Factors" and "Risk Ratings of the Scotia ETFs".
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