For many Canadian investors, the problem is simple: you want meaningful exposure to the world’s biggest companies—mainly listed in the U.S.—but you also need regular income to pay bills, balance your portfolio, or build savings for retirement. That combination of demands (growth plus dependable cash flow) is exactly what has pushed interest toward ETFs that pair equity exposure with income-enhancing strategies. In the first half of this year alone, U.S. funds using covered call strategies have attracted a record $31.5 billion in investments.¹

This surge has benefitted options-based and covered-call ETFs, which generate premiums from selling call options on underlying stocks and turn those premiums into distributed cash. The trend is significant: options-based/covered-call funds have seen record inflows and growing product innovation in recent years. This allows investors to keep equity exposure for long-term appreciation while adding a meaningful income stream.

Introducing BIGY: US Equities with UltraYield^TM

This desire for growth plus dependable cash flow is why Evolve created the new Evolve US Equity UltraYield ETF (BIGY). This fund is built to answer these investors’ needs. BIGY offers a modestly 1.33x levered exposure to an equal-weighted portfolio of leading U.S. companies, uses an active covered-call program to enhance yield, and pays distributions twice per month.²

How covered calls work

A covered-call approach, like BIGY uses, means the fund owns shares (in this case, in a portfolio of leading U.S. companies) and writes call options against those holdings, collecting option premiums that are distributed as income to investors in the fund. That premium can reduce downside volatility and boost yield.³

In the case of BIGY’s modest leverage of 1.33x, it means the fund is designed to boost income and potential returns compared with an unlevered covered-call fund. Leverage, after all, raises the fund’s sensitivity to market moves.

Distributions Twice Per Month with BIGY

We’ve combined this moderated risk of a covered call strategy with a distribution twice per month for investors. Whether it’s a payout for retirees, cash to fund living expenses, or money you can use to continue building your portfolio, twice-monthly distribution can work better for some investors than less frequent payouts.

For Canadian investors with a home-bias tilt to their portfolio, BIGY can serve to keep meaningful exposure to U.S. leaders in a portfolio that can complement domestic holdings, while offering premium income.

Think big. Invest BIGY.

Discover how Canadian investors can tap into leading U.S. companies while generating enhanced income through a covered call strategy, modest leverage, and distributions twice per month.

The Evolve US Equity UltraYield ETF (BIGY) aims to offer investors modestly levered exposure (1.33x) to a portfolio of leading U.S. companies that have the potential to generate significant option premiums. BIGY will employ a covered call overlay, the level of which may vary based on market volatility and other factors.

For more information on this fund, visit https://evolveetfs.com/product/bigy/.

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ENDNOTES

1. Murugaboopathy, P., “U.S. covered call funds attract record inflows as investors seek yield,” Reuters, July 29, 2025; https://www.reuters.com/markets/wealth/us-covered-call-funds-attract-record-inflows-investors-seek-yield-2025-07-29/
2. “Evolve Plans to Launch the Evolve US Equity UltraYield ETF,” Evolve ETFs, August 21, 2025; https://evolveetfs.com/2025/08/evolve-plans-to-launch-the-evolve-us-equity-ultrayield-etf/
3. Ganti, A., “Covered Calls: How They Work and How to Use Them in Investing,” Investopedia, June 04, 2025; https://www.investopedia.com/terms/c/coveredcall.asp

Source: Getty Images Credit: Javier Ghersi

DISCLAIMER
Published September 10, 2025.

Evolve Funds Group Inc. is the investment fund manager and portfolio manager. Evolve US Equity UltraYield ETF (“BIGY”) is offered by Evolve Funds Group Inc., and distributed through authorized dealers.

The information contained herein is a general description and is not intended to be specific investment advice to any particular investor nor intended to be investment or tax advice. You should not act or rely on the information contained herein without seeking the advice of an appropriate professional advisor. The information contained herein is intended for informational purposes as a summary only, does not constitute an offer to sell any securities or a legally binding obligation, it is qualified entirely by, and should be read in conjunction with, the more detailed information appearing in the prospectuses found on the Evolve Funds Group Inc website at https://evolveetfs.com/

Leverage increases risk.

Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past perfor¬mance may not be repeated.

Certain statements contained herein are forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Although the FLS contained herein are based upon what Evolve Funds Group Inc. and the portfolio manager believe to be reasonable assumptions, neither Evolve Funds Group Inc. nor the portfolio manager can assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.

Certain information contained in this document is obtained from third parties. Evolve Funds Group Inc. believes such information to be accurate and reliable as of the date hereof, however, we cannot guarantee that it is accurate or complete or current at all times. The information provided is subject to change