BANK

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund

TICKER
BANK
MUTUAL FUND
FUNDSERV CODE(S):
EVF180
EVF181
NAV

As at May 28, 2024

$7.44 (BANK)
$7.45 (EVF181)
$7.45 (EVF180)
NAV CHANGE

As at May 28, 2024

0.14 (BANK)
0.15 (EVF181)
0.15 (EVF180)
MARKET PRICE

(As at May 28, 2024 at 5:00pm)

BANK
STYLE
Index-based with active covered call strategy and 25 leverage
NUMBER OF HOLDINGS
10
AUM
$178.055 M
ANNUALIZED DISTRIBUTION YIELD*

As at May 28, 2024

16.12 (BANK)
16.12 (BANK.A)
16.10 (BANK.F)

*Annualized distribution yield. Calculated as the most recent announced dividend amount, annualized and then divided by the current market price.

Who Should Consider this ETF?

Investors:
  • Seeking regular dividend income with long-term capital appreciation
  • Willing to take the risk associated with a levered exposure (up to 125%) to Canadian core financials equities
  • Seeking increased yield from active covered call strategy

Performance


**  Performance since inception of BANK on February 1, 2022.

Calendar Year Performance

Ticker/Fund2017201820192020202120222023
BANK------19.23%15.66%

Fund Details

CUSIP 30053T109 TICKER BANK LISTING EXCHANGE Toronto Stock Exchange (TSX)
INCEPTION DATE February 1, 2022 (BANK)February 5, 2024 (EVF181)February 5, 2024 (EVF180) CURRENCY Unhedged to CAD REGISTERED INVESTMENT ELIGIBILITY Yes
STYLE Index-based with active covered call strategy and 25 leverage INDEX Solactive Canadian Core Financials Equal Weight Index INDEX PROVIDER Solactive AG
INDEX RE-BALANCING FREQUENCY Quarterly MANAGEMENT FEE 0.60 (plus applicable sales taxes) (BANK)1.60 (plus applicable sales taxes) (EVF181)0.60 (plus applicable sales taxes) (EVF180) DISTRIBUTION FREQUENCY Monthly
FUNDSERV CODE EVF181EVF180

Top 10 Holdings

As at May 27, 2024

1 2

Geographic Allocation

As at May 27, 2024

1 2

Name

Weight

Sector Allocation

As at May 27, 2024

1 2

Name

Weight


Evolve ETFs
Scotia Plaza, 40 King Street West, Suite 3404, Toronto ON M5H 3Y2
416.214.4884 | 1.844.370.4884 | evolveetfs.com
As at May 28, 2024 Document created May 29, 2024, 06:54 AM EST

ETF Series

Mutual Fund Series

(As at May 28, 2024)

Ticker

 

BANK

See More Details
Nav

As at May 28, 2024

$7.44

See More Details
Nav Change

As at May 28, 2024

0.14%

Market Price

(As at May 28, 2024 at 5:00pm)

N/A

Style

 

Index-based with active covered call strategy and 25% leverage

See More Details
Number Of Holdings

 

10

See More Details
AUM

 

$178.055 M

Annualized Distribution Yield*

As at May 28, 2024

16.12%

*Annualized distribution yield. Calculated as the most recent announced dividend amount, annualized and then divided by the current market price.

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Overview

Portfolio

Performance

Distributions

Documents

Overview

Investment Objective

BANK seeks to replicate, to the extent reasonably possible before fees and expenses, up to a 1.25 times multiple of the performance of the Solactive Canadian Core Financials Equal Weight Index, or any successor thereto, while mitigating downside risk. The Evolve Fund invests primarily in the equity constituents of the Solactive Canadian Core Financials Equal Weight Index, or any successor thereto, while writing covered call options on up to 33% of the portfolio securities in the portfolio, at the discretion of the Manager. The level of covered call option writing may vary based on market volatility and other factors.

Fund Details

CUSIP

TICKER

BANK

LISTING EXCHANGE

Toronto Stock Exchange (TSX)

INCEPTION DATE

CURRENCY

Hedged to CAD

REGISTERED INVESTMENT ELIGIBILITY

Yes

STYLE

Index-Based with Covered Call Strategy

INDEX

INDEX PROVIDER

Solactive AG

INDEX RE-BALANCING FREQUENCY

Quarterly

MANAGEMENT FEE

0.60% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

CUSIP

30053T109

TICKER

BANK

LISTING EXCHANGE

Toronto Stock Exchange (TSX)

INCEPTION DATE

February 1, 2022

CURRENCY

Unhedged to CAD

REGISTERED INVESTMENT ELIGIBILITY

Yes

STYLE

Index-based with active covered call strategy and 25% leverage

INDEX PROVIDER

Solactive AG

INDEX RE-BALANCING FREQUENCY

Quarterly

MANAGEMENT FEE

0.60% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

FundSERV Code

EVF181

INCEPTION DATE

February 5, 2024

REGISTERED INVESTMENT ELIGIBILITY

Yes

CURRENCY

Unhedged to CAD

STYLE

Index-based with active covered call strategy and 25% leverage

INDEX PROVIDER

Solactive AG

INDEX RE-BALANCING FREQUENCY

Quarterly

MANAGEMENT FEE

1.60% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

FundSERV Code

EVF180

INCEPTION DATE

February 5, 2024

REGISTERED INVESTMENT ELIGIBILITY

Yes

CURRENCY

Unhedged to CAD

STYLE

Index-based with active covered call strategy and 25% leverage

INDEX PROVIDER

Solactive AG

INDEX RE-BALANCING FREQUENCY

Quarterly

MANAGEMENT FEE

0.60% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

?

Who Should Consider
this ETF?

Investors:

  • Seeking regular dividend income with long-term capital appreciation
  • Willing to take the risk associated with a levered exposure (up to 125%) to Canadian core financials equities
  • Seeking increased yield from active covered call strategy

*Annualized distribution yield. Calculated as the most recent announced dividend amount, annualized and then divided by the current market price.

Leverage increases risk.

The rate of return shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the ETF and mutual fund, or returns on investment in the ETF and mutual fund.

The indicated rates of return are the historical annual compound total returns net of fees (except for figures of one year or less, which are simple 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 security holder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF and mutual fund or returns on investment in the ETF and mutual fund. ETFs and mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. Please read the prospectus before investing. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus for a complete description of risks relevant to the ETF and mutual fund. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.

Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.

Portfolio

Geographic Allocation

As at May 27, 2024

Name

Weight

Sector Allocation

As at May 27, 2024

Name

Weight


Holdings

As at May 27, 2024

Download XLS

Holdings

Performance

As at May 28, 2024

Ticker / Fund

Nav

1D

1M

3M

6M

YTD

1Y

3Y

5Y

SI**

BANK
0.14%
4.78%
5.34%
16.48%
6.16%
15.43%
--
--
-0.35%
EVF181
0.13%
4.71%
3.84%
--
--
--
--
--
22.13%
EVF180
0.14%
4.77%
3.91%
--
--
--
--
--
22.51%

**  Performance since inception of BANK on February 1, 2022.

Calendar Year Performance

Ticker/Fund2017201820192020202120222023
BANK------19.23%15.66%

*Annualized distribution yield. Calculated as the most recent announced dividend amount, annualized and then divided by the current market price.

Leverage increases risk.

The rate of return shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the ETF and mutual fund, or returns on investment in the ETF and mutual fund.

The indicated rates of return are the historical annual compound total returns net of fees (except for figures of one year or less, which are simple 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 security holder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF and mutual fund or returns on investment in the ETF and mutual fund. ETFs and mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. Please read the prospectus before investing. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus for a complete description of risks relevant to the ETF and mutual fund. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.

Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.

Distributions

Distributions

LAST DISTRIBUTION PER UNIT:

$0.10000

ANNUALIZED YIELD* (as at April 28, 2024):

16.66%

DISTRIBUTION FREQUENCY:

Monthly

EX-DIVIDEND DATE:

April 29, 2024

RECORD DATE:

April 30, 2024

PAYMENT DATE:

May 7, 2024

Downloads
Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
01/30/2401/31/2402/07/24$0.10000Monthly
02/28/2402/28/2403/07/24$0.10000Monthly
03/27/2403/28/2404/08/24$0.10000Monthly
04/29/2404/30/2405/07/24$0.10000Monthly
Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
01/30/2301/31/2302/07/23$0.07000Monthly
02/27/2302/28/2303/07/23$0.07000Monthly
03/30/2303/31/2304/10/23$0.07000Monthly
04/27/2304/28/2305/05/23$0.07000Monthly
05/30/2305/31/2306/07/23$0.07000Monthly
06/29/2306/30/2307/10/23$0.09300Monthly
07/28/2307/31/2308/08/23$0.09300Monthly
08/30/2308/31/2309/08/23$0.09300Monthly
09/28/2309/29/2310/10/23$0.09300Monthly
10/30/2310/31/2311/07/23$0.09300Monthly
11/29/2311/30/2312/07/23$0.09300Monthly
12/28/2312/29/2301/08/24$0.10000Monthly
Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
02/25/2202/28/2203/07/22$0.07000Monthly
03/30/2203/31/2204/07/22$0.07000Monthly
04/28/2204/29/2205/06/22$0.07000Monthly
05/30/2205/331/2206/07/22$0.07000Monthly
06/29/2206/30/2207/08/22$0.07000Monthly
07/28/2207/29/2208/08/22$0.07000Monthly
08/30/2208/31/2209/08/22$0.07000Monthly
09/28/2209/29/2210/07/22$0.07000Monthly
10/28/2210/31/2211/07/22$0.07000Monthly
11/29/2211/30/2212/07/22$0.07000Monthly
12/29/2212/30/2201/09/23$0.07000Monthly

*Annualized distribution yield. Calculated as the most recent announced dividend amount, annualized and then divided by the current market price.

Leverage increases risk.

The rate of return shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the ETF and mutual fund, or returns on investment in the ETF and mutual fund.

The indicated rates of return are the historical annual compound total returns net of fees (except for figures of one year or less, which are simple 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 security holder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF and mutual fund or returns on investment in the ETF and mutual fund. ETFs and mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

Documents