TORONTO, April 5, 2019 /CNW/ – Evolve Funds Group Inc. (“Evolve“) announces the following changes to the risk ratings of certain exchange traded funds (ETFs).

The risk rating for Evolve Cyber Security Index Fund (CYBR.B) decreased from “Medium to High” to “Medium”. The risk rating for the Evolve North American Gender Diversity Index Fund (HERS.B) decreased from “Medium” to “Low to Medium”. The risk rating for the Evolve Automobile Innovation Index Fund (CARS, CARS.U) increased from “Medium to High” to “High”. The risk rating for the Evolve US Banks Enhanced Yield Fund (CALL) increased from “Medium to High” to “High”.

The investment risk level of an ETF is determined in accordance with a standardized risk classification methodology, set out in National Instrument 81-102 Investment Funds, that is based on the historical volatility of the ETF, as measured by the 10-year standard deviation of the returns of the ETF. If an ETF has less than 10 years of performance history, the investment risk level of the ETF is calculated using the return history of the ETF, and, for the remainder of the 10-year period, the return history of a reference index that is expected to reasonably approximate the standard deviation of the ETF.

No changes have been made to the investment objectives or strategies of these ETFs as a result of the changes to the risk ratings. A summary of the risk rating classification methodology, and the investment objectives and strategies of these ETFs, can be found in the most recently filed prospectus for CYBR.B, HERS.B, CARS, CARS.U, and CALL.

For further information regarding the ETFs, please visit

About Evolve Funds Group Inc.
Evolve is one of Canada’s fastest growing ETF providers since launching its first suite of ETFs via the Toronto Stock Exchange in September 2017.  Evolve is a leader in thematic ETFs and specializes in bringing innovative ETFs to Canadian investors.  Evolve’s suite of ETFs provide investors with access to: (i) long term investment themes; (ii) index-based income strategies; and (iii) some of the world’s leading investment managers.  Established by a team of industry veterans with a proven track record of success, we create investment products that make a difference.  For more information, please visit

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For further information: Evolve ETFs,, t. 416.214.4884, tf. 1.844.370.4884; MEDIA CONTACT: Keith Crone,, 416.572.2111

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