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
$40.79
As of 11/25/2022

1-Day Change
$0.02 (0.05%)
As of 11/25/2022

YTD Return
-15.18%
As of 11/25/2022

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

PORTFOLIO MANAGEMENT

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Brad Smith

Portfolio Manager

Industry since 2010. Joined Firm in 2010.

Performance

RETURNS (%) (As of 09/30/2022)
NAV Market Price Bloomberg U.S. Corporate Bond Index
 
3M YTD 1YR Since Inception
(09/08/2021)
NAV -4.54 -18.04 -17.93 -17.86
Market Price -4.56 -18.03 -17.90 -17.82
Bloomberg U.S. Corporate Bond Index -5.06 -18.72 -18.53 -18.21
RETURNS (%) (As of 10/31/2022)
NAV Market Price Bloomberg U.S. Corporate Bond Index
 
3M YTD 1YR Since Inception
(09/08/2021)
NAV -8.45 -19.01 -19.08 -17.52
Market Price -8.43 -18.87 -18.94 -17.37
Bloomberg U.S. Corporate Bond Index -8.98 -19.56 -19.57 -17.73

PREMIUM/DISCOUNT HISTORY

DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
11/01/202211/02/202211/07/2022$0.1001900$0.0000000$0.0000000$0.1001900
10/03/202210/04/202210/07/2022$0.0947010$0.0000000$0.0000000$0.0947010
09/01/202209/02/202209/08/2022$0.0951230$0.0000000$0.0000000$0.0951230
08/01/202208/02/202208/05/2022$0.0879780$0.0000000$0.0000000$0.0879780
07/01/202207/05/202207/08/2022$0.0859930$0.0000000$0.0000000$0.0859930
06/01/202206/02/202206/07/2022$0.0827060$0.0000000$0.0000000$0.0827060
05/02/202205/03/202205/06/2022$0.0839900$0.0000000$0.0000000$0.0839900
View Full History

Portfolio

Index represents the Bloomberg U.S. Corporate Bond Index

Top Holdings (As of 11/25/2022)
% of Fund
Goldman Sachs Group Inc|5.7|11/01/2024, 5.70%, 11/01/24 1.67
Lloyds Banking Group PLC|4.65|03/24/2026, 4.65%, 03/24/26 1.50
HSBC Holdings PLC|5.402|08/11/2033, 5.40%, 08/11/33 1.50
Cooperatieve Rabobank UA|3.75|07/21/2026, 3.75%, 07/21/26 1.48
CF Hippolyta Issuer LLC|1.98|03/15/2061, 1.98%, 03/15/61 1.40
CoStar Group Inc|2.8|07/15/2030, 2.80%, 07/15/30 1.28
Aon Corp / Aon Global Holdings PLC|5|09/12/2032, 5.00%, 09/12/32 1.27
Ecolab Inc|2.7|11/01/2026, 2.70%, 11/01/26 1.25
Adobe Inc|3.25|02/01/2025, 3.25%, 02/01/25 1.15
Banco Santander SA|4.175|03/24/2028, 4.17%, 03/24/28 1.14
View full holdings
Portfolio Characteristics (As of 11/23/2022)
 
Number of Holdings
Debt Issues
191
Portfolio Turnover Rate
(1-year trailing)
92.92%
Weighted Average Maturity
(years)
8.79
Effective Duration
(years)
6.28
Yield to Worst
5.34%

Yield to Worst calculation excludes cash.

Sector Allocation % OF FUND % OF FUND (As of 11/23/2022)
Regional Allocation % OF FUND % OF FUND (As of November 23, 2022)
Maturity Breakdown of Fixed Income Holdings % OF FUND % OF FUND (As of 11/23/2022)
Credit Quality of Fixed Income Holdings % OF FUND % OF FUND (As of November 23, 2022)

Documents