SITC Scotia Canadian Large Cap Equity Index Tracker ETF

The ETF seeks to replicate, to the extent possible and before fees and expenses, the performance of a diversified Canadian large cap equity market index that tracks the investment returns of publicly traded large cap equity securities in Canada.

$42.66MM
Net Assets
as of Jun 07
1,650,000
Units Outstanding
as of Jun 07
2020
Oct 20
Inception
0.03%
Management Fee

Why invest in Scotia Canadian Large Cap Equity Index Tracker ETF

  • Low cost, passive exposure to the largest 60 Canadian companies
  • Low turnover, transparent and liquid access to the Canadian stock market
  • Equity core holding in a diversified portfolio

Overview

Ticker

SITC

Inception

Oct 20, 2020

Asset Class

Canadian Large Cap Equity

Eligibility

RRSP/RRIF/RESP/TFSA/RDSP/DPSP

DRIP Eligibility

Number of Holdings

57

Distribution Frequency

Quarterly

Fiscal Year End

December 31

Risk Rating

Management Fee

0.03%

MER

0.06%

Exchange

NEO Exchange

Currency

CAD

CUSIP

80925K109

Benchmark Index

Solactive Canada Large Cap Index (CA NTR)

Portfolio Management

Portfolio Manager

1832 Asset Management L.P.

Sub Advisor

SSGA Canada 

Portfolio Analysis

as of May 31, 2023

Distribution Yield

5.83%

12 Month Trailing Yield

3.62%

as of Apr 30, 2023

Weighted Average Dividend Yield

3.46%

Performance as of May 31, 2023

Growth of $
Date range:

Compound Returns (%) as of May 31, 2023

1 mo 3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs Inception
-5.27 -2.48 -3.36 -2.68 - - - 14.95

Portfolio Breakdown as of Apr 30, 2023

Sector Allocation
as of Apr 30, 2023

Top Holdings (%)

Royal Bank of Canada Com7.9
Toronto-Dominion Bank Com New6.3
Enbridge Inc. Com4.6
Canadian National Railway Company Com4.5
CANADIAN PACIFIC KANSAS CITY COMMON STOCK4.2
Canadian Natural Resources Ltd. Com3.8
Bank of Montreal Com3.5
Bank of Nova Scotia (The) Com3.4
Shopify Inc. Cl A3.1
BCE Inc. Com New2.5

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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
Dec 2020 Dec 30, 2020 Dec 31, 2020 Jan 08, 2021 0.05 1.46 0.05
Jan 2021 Jan 28, 2021 Jan 29, 2021 Feb 05, 2021 - 0.06 0.06
Mar 2021 Mar 30, 2021 Mar 31, 2021 Apr 08, 2021 0.05 - 0.05
Jun 2021 Jun 29, 2021 Jun 30, 2021 Jul 08, 2021 0.11 - 0.11
Sep 2021 Sep 29, 2021 Sep 30, 2021 Oct 07, 2021 0.14 - 0.14
Dec 2021 Dec 22, 2021 Dec 31, 2021 Jan 10, 2022 0.15 - 0.15
Mar 2022 Mar 25, 2022 Mar 28, 2022 Apr 04, 2022 0.17 - 0.17
Jun 2022 Jun 24, 2022 Jun 27, 2022 Jul 05, 2022 0.19 - 0.19
Sep 2022 Sep 26, 2022 Sep 27, 2022 Oct 04, 2022 0.23 - 0.23
Dec 2022 Dec 29, 2022 Dec 30, 2022 Jan 09, 2023 0.14 - 0.14
Mar 2023 Mar 27, 2023 Mar 28, 2023 Apr 04, 2023 0.37 - 0.37
Year to date 1.63

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 0.04 1.18 0.29 1.51
2021 0.45 0.05 0.51
2022 0.71 0.71

Literature

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