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
$20.88 (ESPX)
$20.97 (ESPX.A)
$21.10 (ESPX.B)
$21.11 (ESPX.F)
$20.73 (ESPX.U)
$21.11 (EVF500 Class F)
$20.97 (EVF501 Class A)
NAV CHANGE
0.42 (ESPX)
0.24 (ESPX.A)
0.25 (ESPX.B)
0.24 (ESPX.F)
0.43 (ESPX.U)
0.24 (EVF500 Class F)
0.24 (EVF501 Class A)
MARKET PRICE

ESPX
ESPX.B
ESPX.U
STYLE
Index-based with covered call strategy
NUMBER OF HOLDINGS
501
AUM
$55.870 M
ANNUALIZED DISTRIBUTION YIELD*
8.59

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

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 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 Sep 25, 2023

1 2

Geographic Allocation

As at Sep 25, 2023

1 2

Name

Weight

Sector Allocation

As at Sep 25, 2023

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 September 25, 2023 Document created September 26, 2023, 08:19 AM EST

ETF Series

Mutual Fund Series

(As at September 25, 2023)

Ticker

 

ESPX

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Nav

 

$20.88

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Nav Change

 

0.42%

Market Price

 

N/A

Style

 

Index-based with covered call strategy

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Number Of Holdings

 

501

See More Details
AUM

 

$55.870 M

Annualized Distribution Yield*

 

8.59%

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 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 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 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 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 Covered Call Strategy

INDEX REBALANCING FREQUENCY

Quarterly

MANAGEMENT FEE

0.45% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

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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

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 August 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.

Portfolio

Geographic Allocation

As at September 25, 2023

Name

Weight

Sector Allocation

As at September 25, 2023

Name

Weight


Holdings

As at September 25, 2023

Download XLS

Holdings

Performance

As at September 25, 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 August 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.

Distributions

Distributions

LAST DISTRIBUTION PER UNIT:

$0.15500

ANNUALIZED YIELD (as at August 29, 2023)

ESPX: 8.55%: ESPX.B: 8.41%: ESPX.U: 8.62%

DISTRIBUTION FREQUENCY:

Monthly

EX-DIVIDEND DATE:

August 30, 2023

RECORD DATE:

August 31, 2023

PAYMENT DATE:

September 08, 2023

Downloads
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-Monthly
10/30/2310/31/2311/07/23-Monthly
11/29/2311/30/2312/07/23-Monthly
12/28/2312/29/2301/08/24-Monthly

Evolve 2023 Tentative Distribution Schedule - https://evolveetfs.com/2023/TentativeDistributionSchedule/

Documents