EBNK

Evolve European Banks Enhanced Yield ETF

as at August 12, 2022

TICKER
EBNK
EBNK.B
EBNK.U
NAV
$8.26 (EBNK)
$7.55 (EBNK.B)
$7.52 (EBNK.U)
NAV CHANGE
0.21 (EBNK)
0.13 (EBNK.B)
0.18 (EBNK.U)
MARKET PRICE

(as at August 12, 2022 at 5:00pm)

EBNK EBNK.B EBNK.U
STYLE
Index-Based with Covered Call Strategy
NUMBER OF HOLDINGS
20
AUM
$28.186 M
TARGET YIELD*
7.00

Who Should Consider this ETF?

Investors:
  • Seeking capital appreciation through exposure to equity securities of European banks
  • Willing to take the risk associated with equity investments
  • Seeking increased yield from covered call strategy

Performance

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

Fund Details

CUSIP 30053N300 (EBNK)30053N201 (EBNK.B)30053N102 (EBNK.U) TICKER EBNKEBNK.BEBNK.U LISTING EXCHANGE Toronto Stock Exchange (TSX)
INCEPTION DATE January 7, 2022 CURRENCY Hedged to CAD (EBNK)Hedged to CAD (EBNK.B)USD (EBNK.U) REGISTERED INVESTMENT ELIGIBILITY Yes
STYLE Index-Based with Covered Call Strategy INDEX Solactive European Bank Top 20 Equal Weight Index Canadian Dollar Hedged INDEX PROVIDER Solactive AG
INDEX RE-BALANCING FREQUENCY Quarterly MANAGEMENT FEE 0.60 (plus applicable sales taxes) DISTRIBUTION FREQUENCY Monthly

Top 10 Holdings

As at Aug 11, 2022

1 2

Geographic Allocation

As at Aug 11, 2022

1 2

Name

Weight

Sector Allocation

As at Aug 11, 2022

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
Document created August 13, 2022, 08:00 AM EST

ETF Series

(as at August 12, 2022)

Ticker

 

EBNK

See More Details
Nav

 

$8.26

See More Details
Nav Change

 

0.21%

Market Price

(as at August 12, 2022 at 5:00pm)

N/A

Style

 

Index-Based with Covered Call Strategy

See More Details
Number Of Holdings

 

20

See More Details
AUM

 

$28.186 M

Target Yield*

 

7.00%

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Overview

Portfolio

Performance

Distributions

Documents

Overview

Investment Objective

EBNK seeks to replicate, to the extent reasonably possible before fees and expenses, the performance of the Solactive European Bank Top 20 Equal Weight Index Canadian Dollar Hedged, or any successor thereto, while mitigating downside risk. EBNK invests primarily in the equity constituents of the Solactive European Bank Top 20 Equal Weight Index Canadian Dollar Hedged, or any successor thereto, while writing covered call options on up to 33% of the portfolio securities, 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

30053N300

TICKER

EBNK

LISTING EXCHANGE

Toronto Stock Exchange (TSX)

INCEPTION DATE

January 7, 2022

CURRENCY

Hedged to CAD

REGISTERED INVESTMENT ELIGIBILITY

Yes

STYLE

Index-Based with Covered Call Strategy

INDEX PROVIDER

Solactive AG

INDEX RE-BALANCING FREQUENCY

Quarterly

MANAGEMENT FEE

0.60% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

CUSIP

30053N201

TICKER

EBNK.B

LISTING EXCHANGE

Toronto Stock Exchange (TSX)

INCEPTION DATE

January 7, 2022

CURRENCY

Hedged to CAD

REGISTERED INVESTMENT ELIGIBILITY

Yes

STYLE

Index-Based with Covered Call Strategy

INDEX PROVIDER

Solactive AG

INDEX RE-BALANCING FREQUENCY

Quarterly

MANAGEMENT FEE

0.60% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

CUSIP

30053N102

TICKER

EBNK.U

LISTING EXCHANGE

Toronto Stock Exchange (TSX)

INCEPTION DATE

January 7, 2022

CURRENCY

USD

REGISTERED INVESTMENT ELIGIBILITY

Yes

STYLE

Index-Based with Covered Call Strategy

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 capital appreciation through exposure to equity securities of European banks
  • Willing to take the risk associated with equity investments
  • Seeking increased yield from covered call strategy

* Estimate only. Actual yield changes daily based on market conditions. Target yield is gross of MER, as at May 31, 2022.

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 securityholder 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 August 11, 2022

Name

Weight

Sector Allocation

As at August 11, 2022

Name

Weight


Holdings

As at August 11, 2022

Download XLS

Holdings

Performance

As at August 12, 2022

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

* Estimate only. Actual yield changes daily based on market conditions. Target yield is gross of MER, as at May 31, 2022.

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 securityholder 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:

$0.06000

ANNUALIZED YIELD (as at July 27, 2022)

EBNK: 9.17%: EBNK.B: 10.08%; EBNK.U: 10.15%

DISTRIBUTION FREQUENCY:

Monthly

EX-DIVIDEND DATE:

July 28, 2022

RECORD DATE:

July 29, 2022

PAYMENT DATE:

August 8, 2022

Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
02/25/2202/28/2203/07/22$0.06000Monthly
03/30/2203/31/2204/07/22$0.06000Monthly
04/28/2204/29/2205/06/22$0.06000Monthly
05/30/2205/31/2206/07/22$0.06000Monthly
06/29/2206/30/2207/08/22$0.06000Monthly
07/28/2207/29/2208/08/22$0.06000Monthly

Evolve Distributions Tax Factor Breakdown 2021 - https://evolveetfs.com/PDF/2021/DistributionTaxBreakdown/

Documents