ESPX

Evolve S&P 500® Enhanced Yield Fund

TICKER
ESPX
ESPX.B
ESPX.U
MUTUAL FUND
FUNDSERV CODE(S):
EVF500 Class F
EVF501 Class A
NAV

As at December 11, 2024

$25.84 (ESPX)
$27.90 (ESPX.B)
$25.96 (ESPX.U)
$27.32 (EVF501 Class A)
$27.91 (EVF500 Class F)
NAV CHANGE

As at December 11, 2024

0.61 (ESPX)
0.56 (ESPX.B)
0.62 (ESPX.U)
0.54 (EVF501 Class A)
0.55 (EVF500 Class F)
MARKET PRICE

(As at December 11, 2024 at 5:00pm)

ESPX
ESPX.B
ESPX.U
STYLE
Index-based with active covered call strategy
Number Of Holdings
503
AUM
$216.174 M
TRAILING 12-MONTH YIELD*

As at 29/11/2024

7.24 (ESPX)
6.93 (ESPX.A)
6.79 (ESPX.B)
6.78 (ESPX.F)
7.21 (ESPX.U)

*Trailing 12-month yield represents the yield an investor would have received if they held the fund over the past twelve months, based on the Net Asset Value (NAV) as at November 29, 2024. It is calculated as the sum of all the regular distribution amounts over the past twelve months, and then divided by the NAV calculated on November 29, 2024. ETFs and mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. For historical performance, including: 1 Year and Since Inception, click on the performance tab below.

Who Should Consider this Fund?

Investors:
  • Willing to take the risk associated with equity investments; and
  • Seeking long-term capital growth by replicating the performance of the S&P 500® Index

Performance

**  Performance since inception of ESPX, ESPX.B, EVF501 and EVF500 on January 9, 2023; ESPX.U on July 6, 2023

Fund Details

CUSIP 30052U206 (ESPX)30052U107 (ESPX.B)30052U305 (ESPX.U) TICKER ESPXESPX.BESPX.U LISTING EXCHANGE Toronto Stock Exchange (TSX)
INCEPTION DATE January 9, 2023 (ESPX)January 9, 2023 (ESPX.B)July 6, 2023 (ESPX.U)January 9, 2023 (EVF501 Class A)January 9, 2023 (EVF500 Class F) CURRENCY Hedged to CAD (ESPX)Unhedged to CAD (ESPX.B)USD (ESPX.U)Unhedged to CAD (EVF501 Class A)Unhedged to CAD (EVF500 Class F) REGISTERED INVESTMENT ELIGIBILITY Yes
STYLE Index-based with active 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 (plus applicable sales taxes) (ESPX)0.45 (plus applicable sales taxes) (ESPX.B)0.45 (plus applicable sales taxes) (ESPX.U)1.45 (plus applicable sales taxes) (EVF501 Class A)0.45 (plus applicable sales taxes) (EVF500 Class F) DISTRIBUTION FREQUENCY Monthly
FUNDSERV CODE EVF501 Class AEVF500 Class F INDEX REBALANCING FREQUENCY Quarterly

Top 10 Holdings

As at Dec 11, 2024

1 2

Geographic Allocation

As at Dec 11, 2024

1 2

Name

Weight

Sector Allocation

As at Dec 11, 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 December 11, 2024 Document created December 12, 2024, 10:22 PM EST

ETF Series

Mutual Fund Series

(As at December 11, 2024)

Ticker

 

ESPX

See More Details
Nav

As at December 11, 2024

$25.84

See More Details
Nav Change

As at December 11, 2024

0.61%

Market Price

(As at December 11, 2024 at 5:00pm)

N/A

Style

 

Index-based with active covered call strategy

See More Details
Number Of Holdings

 

503

See More Details
AUM

 

$216.174 M

Trailing 12-Month Yield*

As at 29/11/2024

7.24%

*Trailing 12-month yield represents the yield an investor would have received if they held the fund over the past twelve months, based on the Net Asset Value (NAV) as at November 29, 2024. It is calculated as the sum of all the regular distribution amounts over the past twelve months, and then divided by the NAV calculated on November 29, 2024. ETFs and mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. For historical performance, including: 1 Year and Since Inception, click on the performance tab below.

Overview

Portfolio

Performance

Distributions

Documents

Overview

Investment Objective

ESPX seeks to provide long-term capital growth by replicating, net of fees and expenses, the performance of the S&P 500® Index, or any successor thereto, while mitigating downside risk. ESPX invests primarily in the equity constituents of the S&P 500® Index, or any successor thereto, while writing covered call options on up to 33% of 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

30052U206

TICKER

ESPX

LISTING EXCHANGE

Toronto Stock Exchange (TSX)

INCEPTION DATE

January 9, 2023

CURRENCY

Hedged to CAD

REGISTERED INVESTMENT ELIGIBILITY

Yes

STYLE

Index-based with active 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% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

CUSIP

30052U107

TICKER

ESPX.B

LISTING EXCHANGE

Toronto Stock Exchange (TSX)

INCEPTION DATE

January 9, 2023

CURRENCY

Unhedged to CAD

REGISTERED INVESTMENT ELIGIBILITY

Yes

STYLE

Index-based with active 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% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

CUSIP

30052U305

TICKER

ESPX.U

LISTING EXCHANGE

Toronto Stock Exchange (TSX)

INCEPTION DATE

July 6, 2023

CURRENCY

USD

REGISTERED INVESTMENT ELIGIBILITY

Yes

STYLE

Index-based with active 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% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

FUNDSERV CODE

EVF501 Class A

INCEPTION DATE

January 9, 2023

REGISTERED INVESTMENT ELIGIBILITY

Yes

CURRENCY

Unhedged to CAD

INDEX PROVIDER

S&P Dow Jones Indices LLC

INDEX

S&P 500® Index

STYLE

Index-based with active covered call strategy

INDEX REBALANCING FREQUENCY

Quarterly

MANAGEMENT FEE

1.45% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

FUNDSERV CODE

EVF500 Class F

INCEPTION DATE

January 9, 2023

REGISTERED INVESTMENT ELIGIBILITY

Yes

CURRENCY

Unhedged to CAD

INDEX PROVIDER

S&P Dow Jones Indices LLC

INDEX

S&P 500® Index

STYLE

Index-based with active covered call strategy

INDEX REBALANCING FREQUENCY

Quarterly

MANAGEMENT FEE

0.45% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

?

Who Should Consider
this Fund?

Investors:

  • Willing to take the risk associated with equity investments; and
  • Seeking long-term capital growth by replicating the performance of the S&P 500® Index

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. 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 unit value and reinvestment of all 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. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The rates of return shown in the table are 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.

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

Ernst & Young LLP is the auditor of the Canadian Reporting Issuer investment funds managed by Evolve Funds Group Inc. (the “Funds”). Ernst & Young LLP is independent with respect to the Funds in the context of the CPA Code of Professional Conduct of the Chartered Professional Accountants of Ontario. For the year ended December 31, 2023, fees paid or payable to Ernst & Young LLP and its network firms for audit services to the Funds were $454,400. Fees for other services were $25,250.

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.

Portfolio

Geographic Allocation

As at December 11, 2024

Name

Weight

Sector Allocation

As at December 11, 2024

Name

Weight


Holdings

As at December 11, 2024

Download XLS

Holdings

Performance

As at November 30, 2024

Ticker / Fund

Nav

1D

1M

3M

6M

YTD

1Y

3Y

5Y

SI**

ESPX
0.50%
3.29%
7.57%
14.31%
25.17%
30.58%
--
--
24.22%
ESPX.B
0.40%
3.99%
11.96%
17.30%
33.37%
35.82%
--
--
28.33%
ESPX.U
0.49%
3.36%
7.84%
14.90%
26.22%
31.86%
--
--
24.29%
EVF501
0.39%
3.91%
11.68%
16.65%
32.03%
34.32%
--
--
27.03%
EVF500
0.40%
4.00%
11.98%
17.33%
33.41%
35.86%
--
--
28.36%

**  Performance since inception of ESPX, ESPX.B, EVF501 and EVF500 on January 9, 2023; ESPX.U on July 6, 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. 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 unit value and reinvestment of all 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. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The rates of return shown in the table are 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.

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

Ernst & Young LLP is the auditor of the Canadian Reporting Issuer investment funds managed by Evolve Funds Group Inc. (the “Funds”). Ernst & Young LLP is independent with respect to the Funds in the context of the CPA Code of Professional Conduct of the Chartered Professional Accountants of Ontario. For the year ended December 31, 2023, fees paid or payable to Ernst & Young LLP and its network firms for audit services to the Funds were $454,400. Fees for other services were $25,250.

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.

Distributions

Distributions

LAST DISTRIBUTION PER UNIT:

ESPX, ESPX.B, ESPX.U: $0.15500

DISTRIBUTION FREQUENCY:

Monthly

EX-DIVIDEND DATE:

November 29, 2024

RECORD DATE:

November 29, 2024

PAYMENT DATE:

December 6, 2024

Downloads
Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
01/30/2401/31/2402/07/24$0.15500Monthly
02/28/2402/29/2403/07/24$0.15500Monthly
03/27/2403/28/2404/08/24$0.15500Monthly
04/29/2404/30/2405/07/24$0.15500Monthly
05/31/2405/31/2406/07/24$0.15500Monthly
06/28/2406/28/2407/08/24$0.15500Monthly
07/31/2407/31/2408/08/24$0.15500Monthly
08/30/2408/30/2409/09/24$0.15500Monthly
09/27/2409/27/24
10/04/24$0.15500Monthly
10/31/2410/31/2411/07/24$0.15500Monthly
11/29/2411/29/2412/06/24$0.15500Monthly
12/31/2412/31/2401/08/25-Monthly
Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
01/30/2301/31/2302/07/23$0.15500Monthly
02/27/2302/28/2303/07/23$0.15500Monthly
03/30/2303/31/2304/10/23$0.15500Monthly
04/27/2304/28/2305/05/23$0.15500Monthly
05/30/2305/31/2306/07/23$0.15500Monthly
06/29/2306/30/2307/10/23$0.15500Monthly
07/28/2307/31/2308/08/23$0.15500Monthly
08/30/2308/31/2309/08/23$0.15500Monthly
09/28/2309/29/2310/10/23$0.15500Monthly
10/30/2310/31/2311/07/23$0.15500Monthly
11/29/2311/30/2312/07/23$0.15500Monthly
12/28/2312/29/2301/08/24$0.15500Monthly

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. 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 unit value and reinvestment of all 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. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The rates of return shown in the table are 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.

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

Ernst & Young LLP is the auditor of the Canadian Reporting Issuer investment funds managed by Evolve Funds Group Inc. (the “Funds”). Ernst & Young LLP is independent with respect to the Funds in the context of the CPA Code of Professional Conduct of the Chartered Professional Accountants of Ontario. For the year ended December 31, 2023, fees paid or payable to Ernst & Young LLP and its network firms for audit services to the Funds were $454,400. Fees for other services were $25,250.

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.

Documents