Key stats
About STARLIGHT NORTH AMERICAN EQUITY FUND
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Inception date
Mar 17, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Starlight Investments Capital LP
The fund aims for long-term capital appreciation by strategically investing in North American equities, evenly split between Canadian and US securities, with a collar of about 30%. The investment strategy allows the fund to invest in public and private structured products, and private placements or other illiquid equity or debt securities. Up to 20% of assets can be allocated to passively managed or leveraged ETFs. The actively managed fund retains the flexibility to deviate from its core investment objective at its discretion, enabling investments in diverse assets. The fund may engage in inter-fund trading, securities lending, and repurchase/reverse repurchase transactions, as well as use derivatives.
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Classification
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SCNA trades at 10.30 CAD today, its price has fallen −4.53% in the past 24 hours. Track more dynamics on SCNA price chart.
SCNA net asset value is 10.36 today — it's fallen 2.12% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SCNA assets under management is 1.03 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SCNA fund flows account for 0.00 CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SCNA expense ratio is 0.00%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SCNA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, SCNA doesn't pay dividends to its holders.
SCNA trades at a premium (2.57%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SCNA shares are issued by Starlight Investments Ltd. (Canada)
SCNA follows the 50% Morningstar Canada Index - 50% Morningstar U.S. Large Cap Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 17, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.