For Individual 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
$39.54
As of 09/22/2023

1-Day Change
$0.19 (0.48%)
As of 09/22/2023

YTD Return
0.66%
As of 09/22/2023

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

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 08/31/2023)
NAV Market Price Bloomberg US Corp Bond TR USD
 
3M YTD 1YR Since Inception
(09/08/2021)
NAV -0.23 2.46 0.32 -7.60
Market Price -0.13 2.33 0.37 -7.59
Bloomberg US Corp Bond TR USD -0.02 2.76 0.90 -7.32
RETURNS (%) (As of 06/30/2023)
NAV Market Price Bloomberg US Corp Bond TR USD
 
3M YTD 1YR Since Inception
(09/08/2021)
NAV -0.51 2.92 1.03 -8.06
Market Price -0.44 2.79 0.99 -8.05
Bloomberg US Corp Bond TR USD -0.29 3.21 1.55 -7.76
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
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
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
View Full History

Portfolio

Index represents the Bloomberg U.S. Corporate Bond Index

Top Holdings (As of 09/22/2023)
% of Fund
American Water Capital Corp|3.85|03/01/2024, 3.85%, 03/01/24 2.07
Athene Global Funding|1|04/16/2024, 1.00%, 04/16/24 1.59
Hewlett Packard Enterprise Co|5.9|10/01/2024, 5.90%, 10/01/24 1.56
Aon Corp / Aon Global Holdings PLC|5|09/12/2032, 5.00%, 09/12/32 1.50
NNN REIT Inc|5.6|10/15/2033, 5.60%, 10/15/33 1.46
Southern California Edison Co|5.3|03/01/2028, 5.30%, 03/01/28 1.43
CF Hippolyta Issuer LLC|1.98|03/15/2061, 1.98%, 03/15/61 1.39
Retail Opportunity Investments Partnership LP|6.75|10/15/2028, 6.75%, 10/15/28 1.34
Metropolitan Life Global Funding I|5.15|03/28/2033, 5.15%, 03/28/33 1.27
Ford Motor Co|3.25|02/12/2032, 3.25%, 02/12/32 1.26
View full holdings
Portfolio Characteristics (As of 09/21/2023)
 
Number of Holdings
Debt Issues
197
Portfolio Turnover Rate
(1-year trailing)
115.56%
Weighted Average Maturity
(years)
9.87
Effective Duration
(years)
7.45
Yield to Worst
6.02%

Yield to Worst is a portfolio level calculation that excludes cash and cash related costs.

Sector Allocation % OF FUND % OF FUND (As of 09/21/2023)
Regional Allocation % OF FUND % OF FUND (As of September 21, 2023)
Maturity Breakdown of Fixed Income Holdings % OF FUND % OF FUND (As of 09/21/2023)
Credit Quality of Fixed Income Holdings % OF FUND % OF FUND (As of September 21, 2023)

Documents