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
$40.47
As of 05/26/2023

1-Day Change
$0.10 (0.25%)
 As of 05/26/2023

YTD Return
1.62%
As of 05/26/2023

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 03/31/2023)
NAV Market Price Bloomberg U.S. Corporate Bond Index
 
3M YTD 1YR Since Inception
(09/08/2021)
NAV 3.44 3.44 -5.38 -8.99
Market Price 3.24 3.24 -5.43 -9.01
Bloomberg U.S. Corporate Bond Index 3.50 3.50 -5.55 -8.77
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 04/30/2023)
NAV Market Price Bloomberg U.S. Corporate Bond Index
 
3M YTD 1YR Since Inception
(09/08/2021)
NAV 0.12 4.30 0.34 -8.10
Market Price 0.08 4.19 0.53 -8.07
Bloomberg U.S. Corporate Bond Index 0.28 4.29 0.68 -7.92
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 Market Price Bloomberg U.S. Corporate Bond Index
2022
NAV -15.71
Market Price -15.62
Bloomberg U.S. Corporate Bond Index -15.76

PREMIUM/DISCOUNT HISTORY
DISTRIBUTION OVERVIEW
Ex-DateRecord DatePayable DateOrdinary IncomeShort-Term Capital GainsLong-Term Capital GainsTotal Distribution
05/01/202305/02/202305/05/2023$0.1318330$0.0000000$0.0000000$0.1318330
04/03/202304/04/202304/10/2023$0.1309110$0.0000000$0.0000000$0.1309110
03/01/202303/02/202303/07/2023$0.1286840$0.0000000$0.0000000$0.1286840
02/01/202302/02/202302/07/2023$0.1173450$0.0000000$0.0000000$0.1173450
12/23/202212/27/202212/30/2022$0.1078420 $0.0000000$0.0000000$0.1078420
12/01/202212/02/202212/07/2022$0.1100530$0.0000000$0.0000000$0.1100530
11/01/202211/02/202211/07/2022$0.1001900$0.0000000$0.0000000$0.1001900
View Full History

MORNINGSTAR PERCENTILE

(As Of 03/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 37 - - - -
Corporate Bond | Rank/Count 53/211 -/- -/- -/- -/-
(As Of 04/30/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 52 - - - -
Corporate Bond | Rank / Count 75/211 -/- -/- -/- -/-

Portfolio

Index represents the Bloomberg U.S. Corporate Bond Index

Top Holdings (As of 05/26/2023)
% of Fund
American Water Capital Corp|3.85|03/01/2024, 3.85%, 03/01/24 2.03
State Street Corp|4.857|01/26/2026, 4.86%, 01/26/26 1.63
Aon Corp / Aon Global Holdings PLC|5|09/12/2032, 5.00%, 09/12/32 1.54
Athene Global Funding|1|04/16/2024, 1.00%, 04/16/24 1.53
Hewlett Packard Enterprise Co|5.9|10/01/2024, 5.90%, 10/01/24 1.51
Southern California Edison Co|5.3|03/01/2028, 5.30%, 03/01/28 1.44
CF Hippolyta Issuer LLC|1.98|03/15/2061, 1.98%, 03/15/61 1.43
Ecolab Inc|2.7|11/01/2026, 2.70%, 11/01/26 1.28
Metropolitan Life Global Funding I|5.15|03/28/2033, 5.15%, 03/28/33 1.25
PNC Financial Services Group Inc|6.037|10/28/2033, 6.04%, 10/28/33 1.15
View full holdings

Download

Portfolio Characteristics (As of 05/26/2023)
 
Number of Holdings
Debt Issues		 193
Portfolio Turnover Rate
(1-year trailing)		 110.50%
Weighted Average Maturity
(years)		 10.36
Effective Duration
(years)		 7.43
Yield to Worst
 5.57%

Yield to Worst calculation excludes cash.
Sector Allocation % OF FUND % OF FUND (As of 05/26/2023)
Regional Allocation % OF FUND % OF FUND (As of May 26, 2023)
Maturity Breakdown of Fixed Income Holdings % OF FUND % OF FUND (As of 05/26/2023)
Credit Quality of Fixed Income Holdings % OF FUND % OF FUND (As of May 26, 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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