BOND

Evolve Enhanced Yield Bond Fund

TICKER
BOND
BOND.B
BOND.U
MUTUAL FUND
FUNDSERV CODE(S):
EVF400
EVF401
NAV

As at April 19, 2024

$20.02 (BOND)
$20.58 (BOND.B)
$20.25 (BOND.U)
$19.68 (EVF401)
$19.74 (EVF400)
NAV CHANGE

As at April 19, 2024

-0.51 (BOND)
-0.52 (BOND.B)
-0.50 (BOND.U)
-0.51 (EVF401)
-0.50 (EVF400)
MARKET PRICE

(As at April 19, 2024 at 5:00pm)

BOND
BOND.B
BOND.U
STYLE
Covered Call ETF
NUMBER OF HOLDINGS
2
AUM
$115.720 M
ANNUALIZED DISTRIBUTION YIELD*

As at April 19, 2024

11.39 (BOND)
11.59 (BOND.A)
11.08 (BOND.B)
11.55 (BOND.F)
11.26 (BOND.U)

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

Who Should Consider this Fund?

Investors:
  • Looking for exposure to fixed income ETFs issued in the United States;
  • Seeking income and long-term capital appreciation; and
  • Seeking increased yield from a covered call strategy.

Performance

Performance is not available as the fund has not completed one full year of performance.

Fund Details

CUSIP 30053G206 (BOND)30053G107 (BOND.B)30053G305 (BOND.U) TICKER BONDBOND.BBOND.U LISTING EXCHANGE Toronto Stock Exchange (TSX)
INCEPTION DATE October 3, 2023 (BOND)February 15, 2024 (BOND.B)February 15, 2024 (BOND.U)October 13, 2023 (EVF401)October 13, 2023 (EVF400) CURRENCY CAD (BOND)Hedged to CAD (BOND.B)USD (BOND.U)CAD (EVF401)CAD (EVF400) REGISTERED INVESTMENT ELIGIBILITY Yes
STYLE Covered Call ETF (BOND)Active Covered Call Strategy (BOND.B)Active Covered Call Strategy (BOND.U)Covered Call ETF (EVF401)Covered Call ETF (EVF400) MANAGEMENT FEE 0.45 (plus applicable sales taxes) (BOND)0.45 (plus applicable sales taxes) (BOND.B)0.45 (plus applicable sales taxes) (BOND.U)1.20 (plus applicable sales taxes) (EVF401)0.45 (plus applicable sales taxes) (EVF400) DISTRIBUTION FREQUENCY Monthly
YIELD TO MATURITY (AS AT MARCH 28, 2024) 4.49 DURATION (AS AT MARCH 28, 2024) 16.18 Years COUPON (AS AT MARCH 28, 2024) 2.77
FUNDSERV CODE EVF401EVF400 COUPON (AS AT MARCH 28, 2024) 2.77

Top 10 Holdings

As at Apr 18, 2024

1 2

Geographic Allocation

As at Apr 18, 2024

1 2

Name

Weight

HOLDINGS

As at Apr 18, 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 April 19, 2024 Document created April 20, 2024, 06:18 PM EST

ETF Series

Mutual Fund Series

(As at April 19, 2024)

Ticker

 

BOND

See More Details
Nav

As at April 19, 2024

$20.02

See More Details
Nav Change

As at April 19, 2024

-0.51%

Market Price

(As at April 19, 2024 at 5:00pm)

N/A

Style

 

Covered Call ETF

See More Details
Number Of Holdings

 

2

See More Details
AUM

 

$115.720 M

ANNUALIZED DISTRIBUTION YIELD*

As at April 19, 2024

11.39%

* 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

BOND seeks to provide unitholders with attractive monthly income and long-term capital appreciation by investing primarily in fixed income ETFs issued in the United States. To enhance yield, as well as to mitigate risk and reduce volatility, BOND will employ a covered call option writing program 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

30053G206

TICKER

BOND

LISTING EXCHANGE

Toronto Stock Exchange (TSX)

INCEPTION DATE

October 3, 2023

CURRENCY

CAD

REGISTERED INVESTMENT ELIGIBILITY

Yes

STYLE

Covered Call ETF

MANAGEMENT FEE

0.45% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

YIELD TO MATURITY (as at March 28, 2024)

4.49%

DURATION (as at March 28, 2024)

16.18 Years

COUPON (as at March 28, 2024)

2.77%

CUSIP

30053G107

TICKER

BOND.B

LISTING EXCHANGE

Toronto Stock Exchange (TSX)

INCEPTION DATE

February 15, 2024

CURRENCY

Hedged to CAD

REGISTERED INVESTMENT ELIGIBILITY

Yes

STYLE

Active Covered Call Strategy

MANAGEMENT FEE

0.45% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

YIELD TO MATURITY (as at March 28, 2024)

4.49%

DURATION (as at March 28, 2024)

16.18 Years

COUPON (as at March 28, 2024)

2.77%

CUSIP

30053G305

TICKER

BOND.U

LISTING EXCHANGE

Toronto Stock Exchange (TSX)

INCEPTION DATE

February 15, 2024

CURRENCY

USD

REGISTERED INVESTMENT ELIGIBILITY

Yes

STYLE

Active Covered Call Strategy

MANAGEMENT FEE

0.45% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

YIELD TO MATURITY (as at March 28, 2024)

4.49%

DURATION (as at March 28, 2024)

16.18 Years

COUPON (as at March 28, 2024)

2.77%

FundSERV Code

EVF401

INCEPTION DATE

October 13, 2023

REGISTERED INVESTMENT ELIGIBILITY

Yes

CURRENCY

CAD

STYLE

Covered Call ETF

MANAGEMENT FEE

1.20% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

YIELD TO MATURITY (as at March 28, 2024)

4.49%

DURATION (as at March 28, 2024)

16.18 Years

COUPON (as at March 28, 2024)

2.77%

FundSERV Code

EVF400

INCEPTION DATE

October 13, 2023

REGISTERED INVESTMENT ELIGIBILITY

Yes

CURRENCY

CAD

STYLE

Covered Call ETF

MANAGEMENT FEE

0.45% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

YIELD TO MATURITY (as at March 28, 2024)

4.49%

DURATION (as at March 28, 2024)

16.18 Years

COUPON (as at March 28, 2024)

2.77%

?

Who Should Consider
this Fund?

Investors:

  • Looking for exposure to fixed income ETFs issued in the United States;
  • Seeking income and long-term capital appreciation; and
  • Seeking increased yield from a covered call strategy.

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

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 April 18, 2024

Name

Weight

HOLDINGS

As at April 18, 2024

Name

Weight


Holdings

As at April 18, 2024

Download XLS

Holdings

Performance

As at April 19, 2024

Performance is not available as the fund has not completed one full year of performance.

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

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:

$0.19000

ANNUALIZED DISTRIBUTION YIELD* (as at March 26, 2024)

BOND 10.77%; BOND.B 10.62%; BOND.U 10.65%

DISTRIBUTION FREQUENCY:

Monthly

EX-DIVIDEND DATE:

March 27, 2024

RECORD DATE:

March 28, 2024

PAYMENT DATE:

April 8, 2024

Downloads
Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
12/30/2412/31/2402/07/24$0.19000Monthly
02/28/2402/29/2403/07/24$0.19000Monthly
03/27/2403/28/2404/08/24$0.19000Monthly
Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
10/30/2310/31/2311/07/23$0.18000Monthly
11/29/2311/30/2312/07/23$0.18000Monthly
12/28/2312/29/2301/08/24$0.19000Monthly

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

** Admin fees will apply, plus applicable sales taxes and fund expenses. The management fee has been waived on both the ETF and Mutual Fund Class F versions of Evolve Enhanced Yield Bond Fund and reduced to 0.75% on the Class A version, through March 31, 2024.

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.

Documents