TORONTO, May 16, 2019 – Evolve Funds Group Inc. (“Evolve“) is pleased to announce the launch of U.S. dollar-denominated unhedged ETF units (“USD Unhedged ETF Units”) of the Evolve Cyber Security Index Fund (“CYBR”), making it more convenient for Canadians who want to use U.S. dollars to invest.

The Evolve Cyber Security Index Fund has closed its initial offering of USD Unhedged ETF Units and will begin trading on the Toronto Stock Exchange (“TSX“) today under the ticker symbol “CYBR.U”.

CYBR.U follows the launch of Canadian dollar hedged (TSX: CYBR) and Canadian dollar unhedged (TSX: CYBR.B) ETF units on September 20, 2017.

CYBR.B, the Canadian dollar unhedged ETF unit of the Evolve Cyber Security Index Fund, was Canada’s top-performing equity ETF for the 2018 calendar year. CYBR.B was Canada’s top performer out of 510 equity ETFs.*

 Annualized Performance1

Ticker YTD 1 Year Since Inception Date2
CYBR.B (Unhedged) 25.51% 27.13% 59.17%
CYBR (Hedged) 27.62% 20.79% 44.68%

Source: Bloomberg

1 For the period ending April 30, 2019

2 Performance since inception on September 20, 2017, as at April 30, 2019.


The indicated rates of return are the historical annual compounded total returns including changes in per unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF or returns on investment in the ETF. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

“We launched CYBR.U in response to a number of requests from advisors for an unhedged U.S. dollar CYBR class for accounts they manage on behalf of their clients,” said Evolve ETFs President and CEO Raj Lala. “Cyber security remains a non-discretionary spend for businesses and a driving force for the continuous growth of the global economy.”

CYBR seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Global Cyber Security Index Canadian Dollar Hedged. CYBR invests primarily in equity securities of companies located domestically or internationally that are involved in the cyber security industry through hardware and software development.


About Evolve Funds Group Inc.

With assets under management of over $470 million, Evolve is Canada’s fastest-growing ETF provider since launching its first suite of ETFs on September 20, 2017.  As a leader in thematic ETFs, Evolve 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, Evolve creates investment products that make a difference.  For more information, please visit

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 *Based on the Bloomberg classification of 510 Canadian unlevered equity ETFs, as at December 31, 2018.


Commissions, management fees and applicable sales taxes all may be associated with an investment in the exchange-traded funds managed by Evolve Funds Group Inc. (the “ETFs”). The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETFs. Please read the prospectus before investing.

 Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “anticipate”, “believe”, “intend” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.



Evolve ETFs 416.214.4884  1.844.370.4884



 Keith Crone, Executive Vice President, Head of Marketing 416.572.2111


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