The ETF seeks to replicate, to the extent possible and before fees and expenses, the performance of a broadly diversified Canadian fixed income market index that tracks the investment returns of Canadian dollar-denominated investment grade bonds.
$253.29MM
Net Assets
as of Sep 22
Net Assets
as of Sep 22
15,700,000
Units Outstanding
as of Sep 22
Units Outstanding
as of Sep 22
2020
Oct 20
Inception
Oct 20
Inception
0.05%
Management Fee
Why invest in Scotia Canadian Bond Index Tracker ETF
- Low cost, passive exposure to a liquid universe of Canadian investment grade bonds
- Bond core holding in a diversified portfolio
- Monthly income distribution
Overview
Ticker
SITB
Inception
Oct 20, 2020
Asset Class
Canadian Fixed Income
Eligibility
RRSP/RRIF/RESP/TFSA/RDSP/DPSP
DRIP Eligibility
Distribution Frequency
Monthly
Fiscal Year End
December 31
Risk Rating
Management Fee
0.05%
MER
0.09%
Exchange
NEO Exchange
Currency
CAD
CUSIP
809254105
Benchmark Index
Solactive Broad Canadian Bond Universe Liquid ex MPL TR Index
Portfolio Management
Portfolio Manager
1832 Asset Management L.P.
Sub Advisor
SSGA Canada
Portfolio Analysis
as of Aug 31, 2023
Distribution Yield
3.28%
12 Month Trailing Yield
2.82%
as of Aug 31, 2023
Weighted Average Duration
8.34
Weighted Average Yield to Maturity
4.54%
Weighted Average Maturity
9.31
Weighted Average Coupon
2.89%
Performance as of Aug 31, 2023
Compound Returns (%) as of Aug 31, 2023
| 1 mo | 3 mo | 6 mo | 1 yr | 3 yrs | 5 yrs | 10 yrs | Inception |
|---|---|---|---|---|---|---|---|
| -0.19 | -1.33 | 0.02 | 0.56 | - | - | - | -4.57 |
Portfolio Breakdown as of Aug 31, 2023
Maturity Exposure (%)
| 1-5 years | 40.7 |
| 5-10 years | 31.1 |
| More than 20 years | 19.1 |
| 10-20 years | 9.1 |
Top Holdings (%)
| Gov. of Canada, 0.50%, 9/1/2025 | 2.1 |
| Gov. of Canada, 1.25%, 6/1/2030 | 2.0 |
| Gov. of Canada, 0.02%, 6/1/2031 | 1.9 |
| Gov. of Canada, 2.00%, 2051/12/1 | 1.9 |
| Gov. of Canada, 0.50%, 12/1/2030 | 1.5 |
| Gov. of Canada, 0.25%, 3/1/2026 | 1.4 |
| Gov. of Canada, 1.5%, 12/1/2031 | 1.3 |
| Gov. of Canada, 1.75%, 12/1/2053 | 1.1 |
| Gov. of Canada, 2.5%, 12/1/2032 | 1.0 |
| Gov. of Canada, 2%, 6/1/2032 | 1.0 |
Historical Distributions1
Historical Periodical Distributions ($/unit)
| Distr.Period | Ex-Dividend Date | Record Date | Pay Date | Cash Distr. Per Unit |
Re-invested Distr. Per Unit |
Total Distr. Per Unit |
|---|---|---|---|---|---|---|
| Nov 2020 | Nov 27, 2020 | Nov 30, 2020 | Dec 07, 2020 | 0.02 | - | 0.02 |
| Dec 2020 | Dec 30, 2020 | Dec 31, 2020 | Jan 08, 2021 | - | 0.08 | 0.08 |
| Jan 2021 | Jan 28, 2021 | Jan 29, 2021 | Feb 05, 2021 | 0.02 | - | 0.02 |
| Feb 2021 | Feb 25, 2021 | Feb 26, 2021 | Mar 05, 2021 | 0.03 | - | 0.03 |
| Mar 2021 | Mar 30, 2021 | Mar 31, 2021 | Apr 08, 2021 | 0.02 | - | 0.02 |
| Apr 2021 | Apr 30, 2021 | Apr 30, 2021 | May 07, 2021 | 0.02 | - | 0.02 |
| May 2021 | May 28, 2021 | May 31, 2021 | Jun 07, 2021 | 0.03 | - | 0.03 |
| Jun 2021 | Jun 29, 2021 | Jun 30, 2021 | Jul 08, 2021 | 0.03 | - | 0.03 |
| Jul 2021 | Jul 29, 2021 | Jun 30, 2021 | Aug 09, 2021 | 0.02 | - | 0.02 |
| Aug 2021 | Aug 30, 2021 | Aug 31, 2021 | Sep 10, 2021 | 0.02 | - | 0.02 |
| Sep 2021 | Sep 29, 2021 | Sep 30, 2021 | Oct 07, 2021 | 0.03 | - | 0.03 |
| Oct 2021 | Oct 22, 2021 | Oct 29, 2021 | Nov 05, 2021 | 0.03 | - | 0.03 |
| Nov 2021 | Nov 23, 2021 | Nov 30, 2021 | Dec 07, 2021 | 0.03 | - | 0.03 |
| Dec 2021 | Dec 22, 2021 | Dec 31, 2021 | Jan 10, 2022 | 0.02 | - | 0.02 |
| Jan 2022 | Jan 25, 2022 | Jan 26, 2022 | Feb 02, 2022 | 0.03 | - | 0.03 |
| Feb 2022 | Feb 22, 2022 | Feb 22, 2022 | Mar 02, 2022 | 0.03 | - | 0.03 |
| Mar 2022 | Mar 25, 2022 | Mar 28, 2022 | Apr 04, 2022 | 0.04 | - | 0.04 |
| Apr 2022 | Apr 25, 2022 | Apr 26, 2022 | May 03, 2022 | 0.03 | - | 0.03 |
| May 2022 | May 25, 2022 | May 26, 2022 | Jun 02, 2022 | 0.04 | - | 0.04 |
| Jun 2022 | Jun 24, 2022 | Jun 27, 2022 | Jul 05, 2022 | 0.04 | - | 0.04 |
| Jul 2022 | Jul 25, 2022 | Jul 26, 2022 | Aug 03, 2022 | 0.04 | - | 0.04 |
| Aug 2022 | Aug 25, 2022 | Aug 26, 2022 | Sep 02, 2022 | 0.04 | - | 0.04 |
| Sep 2022 | Sep 26, 2022 | Sep 27, 2022 | Oct 04, 2022 | 0.04 | - | 0.04 |
| Oct 2022 | Oct 25, 2022 | Oct 26, 2022 | Nov 02, 2022 | 0.04 | - | 0.04 |
| Nov 2022 | Nov 24, 2022 | Nov 25, 2022 | Dec 02, 2022 | 0.04 | - | 0.04 |
| Dec 2022 | Dec 29, 2022 | Dec 30, 2022 | Jan 09, 2023 | 0.04 | - | 0.04 |
| Jan 2023 | Jan 25, 2023 | Jan 26, 2023 | Feb 02, 2023 | 0.04 | - | 0.04 |
| Feb 2023 | Feb 22, 2023 | Feb 23, 2023 | Mar 02, 2023 | 0.03 | - | 0.03 |
| Mar 2023 | Mar 27, 2023 | Mar 28, 2023 | Apr 04, 2023 | 0.04 | - | 0.04 |
| Apr 2023 | Apr 24, 2023 | Apr 25, 2023 | May 02, 2023 | 0.04 | - | 0.04 |
| May 2023 | May 25, 2023 | May 26, 2023 | Jun 02, 2023 | 0.04 | - | 0.04 |
| Jun 2023 | Jun 26, 2023 | Jun 27, 2023 | Jul 05, 2023 | 0.04 | - | 0.04 |
| Jul 2023 | Jul 25, 2023 | Jul 26, 2023 | Aug 02, 2023 | 0.04 | - | 0.04 |
| Aug 2023 | Aug 25, 2023 | Aug 28, 2023 | Sep 05, 2023 | 0.05 | - | 0.05 |
| Sep 2023 | Sep 25, 2023 | Sep 26, 2023 | Oct 03, 2023 | 0.04 | - | 0.04 |
| Year to date | 1.19 |
Historical Calendar Year Distributions ($/unit)
| Distr.Period | Eligible Div. | Non-eligible Div. | Other Income | Capital Gains | Return of Capital | Foreign Income | Foreign Tax Paid | Total Distr. Per unit for Tax Purpose |
|---|---|---|---|---|---|---|---|---|
| 2020 | – | – | 0.11 | – | – | – | – | 0.11 |
| 2021 | – | – | 0.29 | – | 0.00 | – | – | 0.29 |
| 2022 | – | – | 0.43 | – | – | 0.00 | – | 0.43 |