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.
NAV $16.65
as of Apr 12, 2024
0.08 (0.50%)
1 Day NAV Change
$360.47M
Net Assets
as of Apr 12, 2024
21,650,000
Units Outstanding
as of Apr 12, 2024
Oct 20, 2020
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
  • Distribution Frequency
    Monthly
  • Fiscal year End
    December 31
  • Number of Holdings
    1342

Risk Rating

  • Management Fee
    0.05%
  • MER
    0.09%
  • Exchange
    Cboe Canada
  • Currency
    CAD
  • CUSIP
    809254105
  • Benchmark
    Solactive Broad Canadian Bond Universe Liquid ex MPL TR Index

Portfolio Management

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

Portfolio Analysis

as of Mar 31, 2024

  • Distribution Yield
    2.92%
  • 12 Month Trailing Yield
    2.85%

as of Feb 29, 2024

  • Weighted Average Duration
    7.48
  • Weighted Average Yield to Maturity
    3.85%
  • Weighted Average Maturity
    9.28
  • Weighted Average Coupon
    3.05%

Performance as of Mar 31, 2024

Compound Returns (%) as of Mar 31, 2024

1 mo3 mo6 mo1 yr3 Yr5 yr10 yrInception
0.5-1.36.81.8-1.6-2.72

Calendar Returns (%) as of Mar 31, 2024

20232022202120202019201820172016
6.4-11.3-2.8

Portfolio Breakdown as of Feb 29, 2024

Maturity Exposure (%)

1-5 years40.2
5-10 years32.0
More than 20 years18.7
10-20 years9.1

Top Holdings (%)

Gov. of Canada, 0.50%, 9/1/20252.2
Gov. of Canada, 2.00%, 2051/12/11.8
Gov. of Canada, 1.25%, 6/1/20301.7
Gov. of Canada, 0.02%, 6/1/20311.7
Gov. of Canada, 0.25%, 3/1/20261.5
Gov. of Canada, 0.50%, 12/1/20301.5
Gov. of Canada, 1.5%, 12/1/20311.3
Gov. of Canada, 3.5%, 8/1/20251.1
Gov. of Canada, 2%, 6/1/20321.1
Gov. of Canada, 1.75%, 12/1/20531.0

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
Jan 2021 Jan 28, 2021 Jan 29, 2021 Feb 5, 20210.02-0.02
Dec 2020 Dec 30, 2020 Dec 31, 2020 Jan 8, 2021-0.080.08
Nov 2020 Nov 27, 2020 Nov 30, 2020 Dec 7, 20200.02-0.02
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, 20230.04-0.04
May 2023 May 25, 2023 May 26, 2023 Jun 2, 20230.04-0.04
Apr 2023 Apr 24, 2023 Apr 25, 2023 May 2, 20230.04-0.04
Mar 2023 Mar 27, 2023 Mar 28, 2023 Apr 4, 20230.04-0.04
Feb 2023 Feb 22, 2023 Feb 23, 2023 Mar 2, 20230.03-0.03
Jan 2023 Jan 25, 2023 Jan 26, 2023 Feb 2, 20230.04-0.04
Dec 2022 Dec 29, 2022 Dec 30, 2022 Jan 9, 20230.04-0.04
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, 20220.04-0.04
Jun 2022 Jun 24, 2022 Jun 27, 2022 Jul 5, 20220.04-0.04
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, 20220.03-0.03
Dec 2021 Dec 22, 2021 Dec 31, 2021 Jan 10, 20220.02-0.02
Nov 2021 Nov 23, 2021 Nov 30, 2021 Dec 7, 20210.03-0.03
Oct 2021 Oct 22, 2021 Oct 29, 2021 Nov 5, 20210.03-0.03
Sep 2021 Sep 29, 2021 Sep 30, 2021 Oct 7, 20210.03-0.03
Aug 2021 Aug 30, 2021 Aug 31, 2021 Sep 10, 20210.02-0.02
Jul 2021 Jul 29, 2021 Jun 30, 2021 Aug 9, 20210.02-0.02
Jun 2021 Jun 29, 2021 Jun 30, 2021 Jul 8, 20210.03-0.03
May 2021 May 28, 2021 May 31, 2021 Jun 7, 20210.03-0.03
Apr 2021 Apr 30, 2021 Apr 30, 2021 May 7, 20210.02-0.02
Mar 2021 Mar 30, 2021 Mar 31, 2021 Apr 8, 20210.02-0.02
Feb 2021 Feb 25, 2021 Feb 26, 2021 Mar 5, 20210.03-0.03

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
2020––0.11–––0.11
2021––0.29–0.00–0.29
2022––0.43––0.00–0.43

Literature

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