Mutual Fund Series
(As at June 06, 2023)
Nav Change
 
0.22%
Market Price
N/A
AUM
 
$24.835 M
Annualized Distribution Yield*
ESPX is designed to provide investors with the performance of the S&P 500® Index, with the addition of enhanced yield through active covered call strategies on the underlying securities. This Fund invests primarily in the equity constituents of the S&P 500® Index, while writing covered call options on up to 33% of the portfolio. Covered call options have the potential to provide extra income and help hedge long stock positions.
ESPX
|
Evolve S&P 500® Enhanced Yield Fund |
TICKER
ESPX ESPX.B |
MUTUAL FUND
FUNDSERV CODE(S):
EVF500 Class F
EVF501 Class A
|
NAV
$21.19 (ESPX) $21.22 (ESPX.A) $21.28 (ESPX.B) $21.28 (ESPX.F) $21.28 (EVF500 Class F) $21.22 (EVF501 Class A) |
NAV CHANGE
0.22 -0.05 -0.05 -0.05 -0.05 -0.05 |
MARKET PRICE
ESPX
ESPX.B |
STYLE
Index-based with covered call strategy
|
NUMBER OF HOLDINGS
502 |
AUM
$24.835 M |
ANNUALIZED DISTRIBUTION YIELD*
8.97
|
Performance is not available as the fund has not completed one full year of performance.
CUSIP 30052U206 (ESPX)30052U107 (ESPX.B) | TICKER ESPXESPX.B | LISTING EXCHANGE Toronto Stock Exchange (TSX) |
INCEPTION DATE January 9, 2023 | CURRENCY Hedged to CAD (ESPX)Unhedged to CAD (ESPX.B)Unhedged to CAD (EVF501 Class A)Unhedged to CAD (EVF500 Class F) | REGISTERED INVESTMENT ELIGIBILITY Yes |
STYLE Index-Based with Covered Call Strategy | INDEX S&P 500® Index | INDEX PROVIDER S&P Dow Jones Indices LLC |
INDEX RE-BALANCING FREQUENCY Quarterly |
MANAGEMENT FEE
0.45 |
DISTRIBUTION FREQUENCY Monthly |
FUNDSERV CODE EVF501 Class AEVF500 Class F | INDEX REBALANCING FREQUENCY Quarterly |
As at Jun 06, 2023
Geographic AllocationAs at Jun 06, 2023
|
Sector AllocationAs at Jun 06, 2023
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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 June 06, 2023)
 
 
30052U206
ESPX
Toronto Stock Exchange (TSX)
January 9, 2023
Hedged to CAD
Yes
Index-Based with Covered Call Strategy
S&P 500® Index
S&P Dow Jones Indices LLC
Quarterly
0.45% (plus applicable sales taxes)
Monthly
30052U107
ESPX.B
Toronto Stock Exchange (TSX)
January 9, 2023
Unhedged to CAD
Yes
Index-Based with Covered Call Strategy
S&P 500® Index
S&P Dow Jones Indices LLC
Quarterly
0.45% (plus applicable sales taxes)
Monthly
EVF501 Class A
January 9, 2023
Yes
Unhedged to CAD
S&P Dow Jones Indices LLC
S&P 500® Index
Index-Based with Covered Call Strategy
Quarterly
1.45% (plus applicable sales taxes)
Monthly
EVF500 Class F
January 9, 2023
Yes
Unhedged to CAD
S&P Dow Jones Indices LLC
S&P 500® Index
Index-Based with Covered Call Strategy
Quarterly
0.45% (plus applicable sales taxes)
Monthly
Investors:
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.
*Annualized distribution yield. Calculated as the most recent announced dividend amount, annualized and then divided by the current market price, as at May 31, 2023.
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.
The S&P 500® Index and the S&P/TSX 60 Index are each a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”). These indices have been licensed for use by Evolve Funds Group Inc. (“Evolve”). S&P® and S&P 500® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); TSX® are trademarks of the TSX, Inc. and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Evolve. Evolve S&P/TSX 60 Enhanced Yield Fund and Evolve S&P 500 Enhanced Yield Fund (collectively, the “Evolve Funds”) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or TSX, Inc. and none of such partiesmake any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index or the S&P/TSX 60 Index.
As at June 06, 2023
As at June 06, 2023
As at June 06, 2023
Performance is not available as the fund has not completed one full year of performance.
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.
*Annualized distribution yield. Calculated as the most recent announced dividend amount, annualized and then divided by the current market price, as at May 31, 2023.
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.
The S&P 500® Index and the S&P/TSX 60 Index are each a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”). These indices have been licensed for use by Evolve Funds Group Inc. (“Evolve”). S&P® and S&P 500® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); TSX® are trademarks of the TSX, Inc. and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Evolve. Evolve S&P/TSX 60 Enhanced Yield Fund and Evolve S&P 500 Enhanced Yield Fund (collectively, the “Evolve Funds”) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or TSX, Inc. and none of such partiesmake any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index or the S&P/TSX 60 Index.
$0.15500
ESPX: 8.97%: ESPX.B: 8.72%
Monthly
May 30, 2023
May 31, 2023
May 5, 2023
Ex-Dividend Date: | Record Date: | Payment Date: | Payment Amount: | Distribution Frequency: |
---|---|---|---|---|
01/30/23 | 01/31/23 | 02/07/23 | $0.15500 | Monthly |
02/27/23 | 02/28/23 | 03/07/23 | $0.15500 | Monthly |
03/30/23 | 03/31/23 | 04/10/23 | $0.15500 | Monthly |
04/27/23 | 04/28/23 | 05/05/23 | $0.15500 | Monthly |
05/30/23 | 05/31/23 | 06/07/23 | $0.15500 | Monthly |
Evolve 2023 Tentative Distribution Schedule - https://evolveetfs.com/2023/TentativeDistributionSchedule/