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.
Net Assets
as of Apr 09
Units Outstanding
as of Apr 09
Oct 20
Inception
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%
MER1
–
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
Distribution Yield1
–
12 Month Trailing Yield1
–
Weighted Average Duration
7.72
Weighted Average Yield to Maturity
1.88%
Weighted Average Maturity
10.02
Weighted Average Coupon
3.46%
Performance
Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.
Portfolio Breakdown
Maturity Exposure (%)
| 1-5 years | 42.7 |
| 5-10 years | 28.7 |
| More than 20 years | 21.8 |
| 10-20 years | 6.8 |
Top Holdings (%)
| Gov. of Canada, 0%, 11/1/2022 | 5.2 |
| Gov. of Canada, 2.00%, 9/1/2023 | 3.0 |
| Gov. of Canada, 0.50%, 9/1/2025 | 2.9 |
| Canada Housing Trust No.1, 2.4%, 12/15/2022 | 2.1 |
| Gov. of Canada, 1.25%, 6/1/2030 | 2.1 |
| Canada Housing Trust No.1, 2.9%, 6/15/2024 | 2.0 |
| Gov. of Canada, 2.00%, 2051/12/1 | 1.8 |
| Gov. of Canada, 4%, 6/1/2041 | 1.5 |
| Gov. of Canada, 0%, 3/1/2026 | 1.2 |
| Gov. of Canada, 3.5%, 12/1/2045 | 1.2 |
Historical Distributions2
Historical Periodical Distributions ($/unit)
| Distr.Period | Ex-Dividend Date | Record Date | Pay Date | Cash Distr. Per Unit |
Re-invested Distr. Per Unit |
Total Distr. Per Unit |
|---|---|---|---|---|---|---|
| Nov 2020 | Nov 27, 2020 | Nov 30, 2020 | Dec 07, 2020 | 0.02 | - | 0.02 |
| Dec 2020 | Dec 30, 2020 | Dec 31, 2020 | Jan 08, 2021 | - | 0.08 | 0.08 |
| Jan 2021 | Jan 28, 2021 | Jan 29, 2021 | Feb 05, 2021 | 0.02 | - | 0.02 |
| Feb 2021 | Feb 25, 2021 | Feb 26, 2021 | Mar 05, 2021 | 0.03 | - | 0.03 |
| Mar 2021 | Mar 30, 2021 | Mar 31, 2021 | Apr 08, 2021 | 0.02 | - | 0.02 |
| Year to date | 0.17 |
Historical Calendar Year Distributions ($/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 |