For Institutional Investors in the US

SCRD Sustainable Corporate Bond ETF

Actively managed corporate credit portfolio employing positive and negative screens to identify U.S. companies constructively advancing ESG principles

NAV
$40.80
As of 12/05/2023

1-Day Change
$0.28 (0.69%)
 As of 12/05/2023

YTD Return
5.08%
As of 12/05/2023

Overview

ABOUT THIS ETF

An actively managed, investment grade-focused corporate credit ETF seeking to generate risk-adjusted excess returns, while aligning with positive environmental and societal outcomes. Through our investment framework, we aim to invest in issuers with strong or improving ESG characteristics, and identify opportunities on the right side of disruption.

WHY INVEST IN THIS ETF

  • Active Sustainability: Aims to identify ESG leaders and mitigate downside risk through proprietary forward-looking ratings and corporate engagement
  • Research-Driven Conviction: Actively managed portfolio, utilizing a disciplined, research-driven investment process
  • Return Focused: Seeks competitive risk-adjusted returns focused on taking the intended level of risk throughout the cycle

Manage Wealth with a Sense of Purpose

View our Sustainable ETF Solutions

PORTFOLIO MANAGEMENT

Michael Keough

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Brad Smith

Brad Smith

Portfolio Manager

Industry since 2010. Joined Firm in 2010.

Performance

RETURNS (%) (As of 09/30/2023)
Nav Market-Price Bloomberg US Corp Bond TR USD
 
3M YTD 1YR Since Inception
(09/08/2021)
Nav -3.40 -0.58 2.23 -8.66
Market-Price -3.44 -0.75 2.16 -8.67
Bloomberg US Corp Bond TR USD -3.09 0.01 3.64 -8.25
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Ordinary brokerage commissions apply and will reduce returns.
RETURNS (%) (As of 10/31/2023)
Nav Market-Price Bloomberg US Corp Bond TR USD
 
3M YTD 1YR Since Inception
(09/08/2021)
Nav -5.62 -2.63 1.32 -9.21
Market-Price -5.64 -2.70 1.19 -9.18
Bloomberg US Corp Bond TR USD -5.23 -1.85 2.77 -8.74
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times. Ordinary brokerage commissions apply and will reduce returns.
Calendar Year Returns (%)
Nav Bloomberg US Corp Bond TR USD
2022
Nav -15.71
Bloomberg US Corp Bond TR USD -15.76

PREMIUM/DISCOUNT HISTORY
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
12/01/202312/04/202312/07/2023$0.1573420$0.0000000$0.0000000$0.1573420
11/01/202311/02/202311/07/2023$0.1499350$0.0000000$0.0000000$0.1499350
10/02/202310/03/202310/06/2023$0.1469180 $0.0000000$0.0000000$0.1469180
09/01/202309/05/202309/08/2023$0.1434190 $0.0000000$0.0000000$0.1434190
08/01/202308/02/202308/07/2023$0.1380500$0.0000000$0.0000000$0.1380500
07/03/202307/05/202307/10/2023$0.1413260$0.0000000$0.0000000$0.1413260
06/01/202306/02/202306/07/2023$0.1369620$0.0000000$0.0000000$0.1369620
View Full History

MORNINGSTAR PERCENTILE

(As Of 09/30/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 94 - - - -
Corporate Bond | Rank/Count 189/208 -/- -/- -/- -/-
(As Of 11/30/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 85 - - - -
Corporate Bond | Rank / Count 155/206 -/- -/- -/- -/-

Portfolio

Index represents the Bloomberg U.S. Corporate Bond Index

Top Holdings (As of 12/04/2023)
% of Fund
Athene Global Funding|1|04/16/2024, 1.00%, 04/16/24 1.56
CBRE Services Inc|5.95|08/15/2034, 5.95%, 08/15/34 1.54
CF Hippolyta Issuer LLC|1.98|03/15/2061, 1.98%, 03/15/61 1.46
Retail Opportunity Investments Partnership LP|6.75|10/15/2028, 6.75%, 10/15/28 1.34
Ford Motor Co|3.25|02/12/2032, 3.25%, 02/12/32 1.28
Metropolitan Life Global Funding I|5.15|03/28/2033, 5.15%, 03/28/33 1.24
Venture Global LNG Inc|9.5|02/01/2029, 9.50%, 02/01/29 1.22
JPMorgan Chase & Co|2.182|06/01/2028, 2.18%, 06/01/28 1.12
Capital One Financial Corp|7.624|10/30/2031, 7.62%, 10/30/31 1.12
Foundry JV Holdco LLC|5.875|01/25/2034, 5.88%, 01/25/34 1.03
View full holdings

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Portfolio Characteristics (As of 12/04/2023)
 
Number of Holdings
Debt Issues		 188
Portfolio Turnover Rate
(1-year trailing)		 120.44%
Weighted Average Maturity
(years)		 9.68
Effective Duration
(years)		 7.45
Yield to Worst
 5.61%
Sector Allocation % OF FUND % OF FUND (As of 12/04/2023)
Regional Allocation % OF FUND % OF FUND (As of December 4, 2023)
Maturity Breakdown of Fixed Income Holdings % OF FUND % OF FUND (As of 12/04/2023)
Credit Quality of Fixed Income Holdings % OF FUND % OF FUND (As of December 4, 2023)
Credit quality ratings reflect the middle rating received from Moody’s, Standard & Poor’s and Fitch, where all three agencies have provided a rating. If only two agencies rate a security, the lowest rating is used. If only one agency rates a security, that rating is used. Ratings are measured on a scale that ranges from Aaa (highest) to D (lowest).

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