TORONTOJune 19, 2023 /CNW/ – Evolve Funds Group Inc. (“Evolve“) is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators with plans to bring a technology-focused ETF derived from the Nasdaq-100 Index® to the Canadian market. The Evolve NASDAQ Technology Index Fund (“QQQT” or the “Fund“) is designed to provide investors with market cap exposure to only the companies deemed “technology” within the Nasdaq-100 Index®.

“When many investors think of their technology allocation, they refer to the Nasdaq-100®,” says Raj Lala, President and CEO at Evolve ETFs. “Today, 38 companies within the Nasdaq-100® are classified in the technology sector. QQQT will provide investors with pure-play access to only the technology sector of the index.”

QQQT seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index, or any successor thereto (the “Index“). The Index is designed to measure the performance of the technology companies in the Nasdaq-100 Index®, which measures the performance of 100 of the largest non-financial companies listed on Nasdaq. The Index consists of a selection of securities in the Nasdaq-100 Index® which must be classified as a “technology company” (i.e., any company classified under the “technology industry”) according to the Industry Classification Benchmark (ICB). No issuer weight may exceed 10% of the Index.

The Fund will be market-capitalization-weighted and rebalanced quarterly. The following chart sets out the ETF Units for each of the Fund:

ETF Units

Hedged ETF Units

Unhedged ETF Units

Unhedged ETF Units

Evolve NASDAQ Technology Index Fund





About Evolve Funds Group Inc.
With over $6.2 billion in assets under management, Evolve is one of Canada’s fastest growing ETF providers since launching its first ETF 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, Evolve creates investment products that make a difference.  For more information, please visit

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A preliminary prospectus containing important information relating to securities of the ETF has been filed with the securities commissions or similar authorities in all provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. A copy of the preliminary prospectus is available on SEDAR ( There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

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 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.

Nasdaq®, Nasdaq-100®, Nasdaq-100 Index®, Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index are trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Evolve ETFs. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).


For further information: Evolve ETFs,, t. 416.214.4884, tf. 1.844.370.4884; MEDIA CONTACT: Keith Crone,, 416.966.8716


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