The ETF seeks to replicate, to the extent possible and before fees and expenses, the performance of a broad U.S. equity market index that tracks the investment returns of publicly traded large capitalization U.S. stocks.
NAV $33.74
as of Jul 25, 2024
-0.10 (-0.28%)
1 Day NAV Change
$1.56B
Net Assets
as of Jul 25, 2024
46,200,000
Units Outstanding
as of Jul 25, 2024
Oct 20, 2020
Inception
0.05%
Management Fee

Why invest in Scotia U.S. Equity Index Tracker ETF

  • Low cost, passive exposure to the largest 500 companies in the U.S.
  • Low turnover, transparent and liquid access to the U.S. stock market
  • Equity core holding in a diversified portfolio

Overview

  • Ticker
    SITU
  • Inception
    Oct 20, 2020
  • Asset Class
    U.S. Equity
  • Eligibility
    RRSP/RRIF/RESP/TFSA/RDSP/DPSP
  • Distribution Frequency
    Quarterly
  • Fiscal year End
    December 31
  • Number of Holdings
    506

Risk Rating

  • Management Fee
    0.05%
  • MER
    0.09%
  • Exchange
    Cboe Canada
  • Currency
    CAD
  • CUSIP
    80929R100
  • Benchmark
    Solactive GBS United States 500 CAD Index (CA NTR)

Portfolio Management

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

Portfolio Analysis

as of Jun 30, 2024

  • Distribution Yield
    1.37%
  • 12 Month Trailing Yield
    1.00%

as of Jun 30, 2024

  • Weighted Average Dividend Yield
    2.17%

Performance as of Jun 30, 2024

Compound Returns (%) as of Jun 30, 2024

1 mo3 mo6 mo1 yr3 Yr5 yr10 yrInception
4.05.419.429.012.6——16.57

Calendar Returns (%) as of Jun 30, 2024

20232022202120202019201820172016
23.8-14.325.3—————

Portfolio Breakdown as of Jun 30, 2024

Sector Allocation

as of Jun 30, 2024

valueholding
35.6%Information Technology
11.7%Health Care
10.2%Consumer Discretionary
10.0%Financials
9.6%Communication Services
7.5%Industrials
5.4%Consumer Staples
3.7%Energy
2.2%Materials
2.1%Utilities
2.0%Real Estate

Top Holdings (%)

Microsoft Corp. Com7.0
Apple Inc. Com6.7
NVIDIA Corp. Com6.3
Amazon.com Inc. Com3.7
Meta Platforms Inc. Cl A2.4
Alphabet Inc. Cl A2.3
Alphabet Inc. Cap Stk Cl C1.9
Eli Lilly & Co. Com1.6
Broadcom Inc. Com1.6
JPMorgan Chase & Co. Com1.3

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
Dec 2020 Dec 30, 2020 Dec 31, 2020 Jan 8, 20210.020.800.83
Sep 2023 Sep 25, 2023 Sep 26, 2023 Oct 3, 20230.08-0.08
Jun 2023 Jun 26, 2023 Jun 27, 2023 Jul 5, 20230.08-0.08
Mar 2023 Mar 27, 2023 Mar 28, 2023 Apr 4, 20230.08-0.08
Dec 2022 Dec 29, 2022 Dec 30, 2022 Jan 9, 20230.07-0.07
Sep 2022 Sep 26, 2022 Sep 27, 2022 Oct 4, 20220.08-0.08
Jun 2022 Jun 24, 2022 Jun 27, 2022 Jul 5, 20220.08-0.08
Mar 2022 Mar 25, 2022 Mar 28, 2022 Apr 4, 20220.07-0.07
Dec 2021 Dec 22, 2021 Dec 31, 2021 Jan 10, 20220.070.020.09
Sep 2021 Sep 29, 2021 Sep 30, 2021 Oct 7, 20210.05-0.05
Jun 2021 Jun 29, 2021 Jun 30, 2021 Jul 8, 20210.06-0.06
Mar 2021 Mar 30, 2021 Mar 31, 2021 Apr 8, 20210.02-0.02

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–––––0.83-0.000.83
2021–––0.02–0.23-0.030.22
2022–––––0.34-0.050.29

Literature

Fund Profile
Annual Management Report of Fund Performance (MRFP)
Annual Report
Distribution Schedule
Distribution
ETF Facts
Final Year-End Cash Distributions
Final Year-End Reinvested Distributions
Interim Management Report of Fund Performance (MRFP)
Interim Report
Prospectus
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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