Interim Financial Statements DESJARDINS Etfs
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Interim Financial Statements DESJARDINS ETFs As at June 30, 2021 INTERIM FINANCIAL STATEMENTS (UNAUDITED) | NOTICE The following Desjardins ETFs’ Interim Financial Statements have not been subject to a review by the Funds’ external auditors. The Desjardins Exchange Traded Funds are not guaranteed, their value fluctuates frequently and their past performance is not indicative of their future returns. Commissions, management fees and expenses all may be associated with an investment in exchange traded funds. Please read the prospectus before investing. Desjardins Global Asset Management Inc. is the manager and portfolio manager of the Desjardins Exchange Traded Funds. Desjardins is a trademark owned by the Fédération des caisses Desjardins du Québec used under license. DESJARDINS RI GLOBAL MULTIFACTOR — FOSSIL FUEL RESERVES FREE ETF STATEMENT OF FINANCIAL POSITION (Unaudited) STATEMENT OF COMPREHENSIVE INCOME (Unaudited) AS AT JUNE 30 DECEMBER 31 PERIODS ENDED JUNE 30 2021 2020 2021 2020 $ $ $ $ Income ASSETS Dividends 135,434 101,105 Current Assets Foreign exchange gain (loss) on cash (4,526) 24,199 Cash 84,668 74,707 Revenue from securities lending activities 162 61 Investments at fair value through profit or loss (FVTPL) 14,318,475 10,020,095 Changes in fair value: Investments at fair value through profit or loss (FVTPL) Net realized gain (loss) on investments 461,159 325,797 pledged as collateral 270,863 95,612 Net unrealized gain (loss) on investments 467,105 49,851 Receivable for investments sold 7,943 33,687 1,059,334 501,013 Interest, dividends and other receivables 21,029 10,187 Expenses 14,702,978 10,234,288 Management fees 36,744 22,106 LIABILITIES Independent Review Committee's fees 167 176 Current Liabilities 36,911 22,282 Accrued expenses 5,076 4,282 Withholding taxes 18,301 13,826 Distributions payable – 40,500 Commissions and other portfolio transaction costs 3,781 1,521 Payable for investments purchased 6,668 – 58,993 37,629 11,744 44,782 Increase (Decrease) in Net Assets Attributable Net Assets Attributable to Holders of Redeemable Units 14,691,234 10,189,506 to Holders of Redeemable Units 1,000,341 463,384 – per unit (Note b) 24.49 22.64 – per unit 2.14 1.39 Approved on behalf of the Board of Directors of Average Redeemable Units 467,403 333,242 Desjardins Global Asset Management Inc. Manager of the Desjardins ETFs Nicolas Richard and Christian Duceppe, Directors STATEMENT OF CHANGES IN FINANCIAL POSITION (Unaudited) STATEMENT OF CASH FLOWS (Unaudited) PERIODS ENDED JUNE 30 2021 2020 PERIODS ENDED JUNE 30 2021 2020 $ $ $ $ Cash Flows from (used in) Operating Activities Net Assets Attributable to Holders Increase (decrease) in net assets attributable of Redeemable Units, Beginning of Period 10,189,506 4,278,216 to holders of redeemable units 1,000,341 463,384 Adjustments for: Increase (Decrease) in Net Assets Attributable Foreign exchange (gain) loss on cash 4,526 (24,199) to Holders of Redeemable Units 1,000,341 463,384 Net realized (gain) loss (461,159) (325,797) Net unrealized (gain) loss (467,105) (49,851) Redeemable Unit Transactions Proceeds from sale/maturity of investments 4,102,366 3,017,683 Proceeds from sale of redeemable units 3,595,887 4,370,857 Investments purchased (7,647,733) (7,400,024) Receivable for investments sold 25,744 (556) Distributions to Holders of Redeemable Units Interest, dividends and other receivables (10,842) (9,418) Net investment income (76,221) (58,500) Accrued expenses 794 2,268 Return of capital (18,279) – Payable for investments purchased 6,668 – (94,500) (58,500) Net Cash Flows from (used in) Operating Activities (3,446,400) (4,326,510) Net Assets Attributable to Holders Cash Flows from (used in) Financing Activities of Redeemable Units, End of Period 14,691,234 9,053,957 Proceeds from sale of redeemable units 3,595,887 4,370,857 Distributions paid to holders of redeemable units net of reinvested distributions (135,000) (36,000) Net Cash Flows from (used in) Financing Activities 3,460,887 4,334,857 Effect of exchange rate changes on foreign cash (4,526) 24,199 Increase (decrease) in cash/bank overdraft 9,961 32,546 Cash (bank overdraft), beginning of period 74,707 26,847 Cash (bank overdraft), End of Period 84,668 59,393 Supplemental Information on Cash Flows from (used in) Operating Activities Dividends received, net of withholding taxes 106,291 77,861 The accompanying Notes are an integral part of these financial statements. 1 desjardins RI global multifactor — fossil FUEL reserves FREE ETF SCHEDULE OF INVESTMENT PORTFOLIO (UNAUDITED) AS AT JUNE 30, 2021 PAR VALUE / COST FAIR VALUE NUMBER OF SECURITIES $ $ % Equities 99.3 Canadian Equities 3.0 Energy – Cameco Corporation 47 1,045 1,117 Materials 0.4 B2Gold Corp. 1,366 9,303 7,103 CCL Industries, Inc., Cl. B 162 9,932 11,060 First Quantum Minerals Ltd. 152 3,939 4,343 Lundin Mining Corporation 1,062 8,858 11,873 Nutrien Ltd. 234 15,080 17,576 West Fraser Timber Co., Ltd. 158 13,264 14,060 Wheaton Precious Metals Corp. 45 1,806 2,459 62,182 68,474 Industrials 0.2 Finning International, Inc. 268 6,185 8,697 Toromont Industries, Ltd. 122 10,233 13,176 Waste Connections, Inc. 20 2,584 2,962 19,002 24,835 Consumer Discretionary 0.3 Canadian Tire Corporation, Limited, Cl. A 94 16,548 18,439 Magna International, Inc. 105 7,865 12,051 Shaw Communications, Inc., Cl. B 260 7,734 9,337 32,147 39,827 Consumer Staples 0.2 Empire Company Limited, Cl. A 113 3,539 4,418 George Weston Limited 87 8,977 10,279 Loblaw Companies Limited 124 8,549 9,460 Metro, Inc. 29 1,639 1,723 22,704 25,880 Health Care – Bausch Health, Inc. 63 1,887 2,292 Canopy Growth Corporation 121 4,028 3,627 5,915 5,919 Financials 1.3 Bank of Montreal 249 31,607 31,638 Canadian Apartment Properties REIT 281 16,522 16,332 Canadian Imperial Bank of Commerce 49 5,192 6,914 CI Financial Corp. 329 5,635 7,485 Element Fleet Management, Corp. 730 8,243 10,556 FirstService Corporation 57 11,487 12,119 Great-West Lifeco, Inc. 104 2,999 3,829 iA Financial Corporation, Inc. 161 9,389 10,866 Power Corporation of Canada 390 11,863 15,280 Royal Bank of Canada 129 14,851 16,201 Scotiabank 294 21,369 23,702 Thomson Reuters Corporation 60 6,143 7,388 Toronto-Dominion Bank 90 6,213 7,818 151,513 170,128 Information Technology 0.3 BlackBerry Limited 832 13,252 12,605 CGI, Inc. 311 31,663 34,953 Descartes Systems Group, Inc. 64 4,745 5,487 Open Text Corporation 108 5,853 6,799 55,513 59,844 Communication Services 0.1 BCE, Inc. 156 9,020 9,536 TELUS Corporation 97 2,239 2,696 11,259 12,232 Utilities – Hydro One Limited 224 6,173 6,711 Real Estate 0.2 H&R Real Estate Investment Trust, Units 465 6,915 7,440 RioCan Real Estate Investment Trust 525 10,783 11,592 17,698 19,032 Total Canadian Equities 385,151 433,999 The accompanying Notes are an integral part of these financial statements. 2 desjardins RI global multifactor — fossil FUEL reserves FREE ETF SCHEDULE OF INVESTMENT PORTFOLIO (UNAUDITED) AS AT JUNE 30, 2021 (CONTINUED) PAR VALUE / COST FAIR VALUE NUMBER OF SECURITIES $ $ % U.S. Equities 56.1 Materials 1.3 CF Industries Holdings, Inc. 296 17,987 18,858 Eastman Chemical Company 237 24,008 34,263 Ecolab, Inc. 130 32,595 33,157 International Paper Company 695 38,305 52,765 Packaging Corporation of America 164 23,178 27,501 WestRock Company 430 23,397 28,338 159,470 194,882 Industrials 5.8 Carrier Global Corp. 857 43,769 51,575 CoStar Group, Inc. 240 20,027 24,613 Danaher Corporation 160 34,484 53,170 Dover Corporation 254 35,962 47,368 Emerson Electric Co. 561 53,691 66,857 Expeditors International of Washington, Inc. 263 29,031 41,230 Fastenal Company 713 36,605 45,911 FedEx Corp. 122 31,774 45,069 Fortive Corporation 155 13,308 13,386 Fortune Brands Home & Security, Inc. 245 20,551 30,220 IDEX Corporation 135 35,598 36,786 Illinois Tool Works, Inc. 177 41,524 49,000 Keysight Technologies, Inc. 321 48,920 61,377 Masco Corporation 454 30,393 33,119 Old Dominion Freight Line, Inc. 184 54,178 57,828 Paccar, Inc. 140 14,628 15,473 Paychex, Inc. 127 16,133 16,874 Republic Services, Inc. 372 42,630 50,676 Stanley Black & Decker, Inc. 60 14,562 15,230 Verisk Analytics, Inc., Cl. A 121 25,776 26,179 W.W. Grainger, Inc. 71 30,497 38,509 Xylem, Inc. 215 23,116 31,937 697,157 852,387 Consumer Discretionary 8.6 Advance Auto Parts, Inc. 116 27,923 29,467 Amazon.com, Inc. 10 41,165 42,599 Best Buy Co. Inc. 370 40,284 52,680 BorgWarner, Inc. 422 21,524 25,365 Burlington Stores, Inc. 79 29,664 31,499 CarMax, Inc. 291 41,002 46,539 Carnival Corporation 1,435 51,405 46,841 Charter Communications, Inc., Cl. A 70 52,722 62,536 Comcast Corporation, Cl. A 859 51,204 60,652 D.R. Horton, Inc. 325 23,398 36,369 Dollar General Corp. 240 61,116 64,309 Dollar Tree, Inc. 411 48,208 50,640 Ford Motor Company 1,092 19,752 20,094 General Motors Company 522 38,194 38,247 Genuine Parts Company 252 31,498 39,465 Home Depot, Inc.