ETF Series

Ticker

 

GLC

Nav

(as at December 03 , 2020)

$15.34

Nav Change

(as at December 03 , 2020)

-1.03%

Market Price

 

N/A

Style

 

Active

Number Of Holdings

(as at December 03 , 2020)

26

AUM

(as at December 03 , 2020)

$2.260 M

Target Yield*

 

4.00%

Overview

Portfolio

Performance

Distributions

Documents

Overview

Investment Objective

The Fund seeks to provide holders of Shares with long-term capital appreciation by investing primarily in a diversified mix of equity securities of gold mining issuers located domestically or internationally. The Fund will invest in a portfolio comprised primarily of common shares of gold mining issuers included in the S&P/TSX Global Gold Index, the NYSE Arca Gold Miners Index and/or the MVIS Global Junior Gold Miners Index selected by Evolve Funds Group Inc.

Fund Details

CUSIP:

30053V104

Ticker:

GLC

Listing Echange:

Aequitas NEO Exchange

Listing Date:

September 25, 2020

Currency:

Hedged to CAD

Registered Investment Eligibility:

Yes

Style:

Active

Manager:

Evolve Funds Group Inc.

Management Fee:

0.70% (plus applicable sales taxes)

?

Who Should Consider
This ETF?

Investors who are:

  • Seeking long-term capital appreciation through exposure to equity securities of gold mining issuers located domestically or internationally
  • Willing to take the risk associated with equity investments
  • Are comfortable with leveraged exposure

* Estimate only. Actual yield changes daily based on market conditions. Target yield is gross of MER

On September 21, 2020, Evolve Fund Corp. (the “Corporation”) completed a restructuring transaction involving, among other things, the redesignation of the outstanding Class A shares of the Corporation (the “Class A Shares”) as Shares of the ETF, a new class of shares of the Corporation (collectively, the “Restructuring”). The Shares of the ETF are substantially similar to the Class A Shares, except that (i) the investments objectives, strategies and restrictions of the Shares were changed to reflect the Restructuring; (ii) the fees in respect of the Shares were changed to eliminate the performance bonus of the Class A Shares and to change the variable administration fee to a fixed administration fee for the Shares; and (iii) the Shares have purchase and redemption features typical of an exchange traded fund, rather than the more restricted closed-end fund features of the Class A Shares. The historical data of the Shares of the ETF presented below is, in part, historical data of the Class A Shares and is based on the performance of the Corporation prior to the Restructuring. Because of the elimination of the performance bonus and the implementation of the fixed administration fee, as well as the increased liquidity of the Shares following the Restructuring, the historical data of the Shares of the ETF presented below under the headings “Quick Facts”, “Trading Information” and “How Much Does it Cost?” is anticipated to differ for the Shares of the ETF going forward. This ETF is an "alternative mutual fund" as defined in National Instrument 81-102 – Investment Funds (“NI 81-102”). The ETF has the ability to use investment strategies that are not permitted for other types of mutual funds. The specific features that differentiate this ETF from other types of mutual funds include the increased use of leverage through cash borrowing. In accordance with the ETF’s investment restrictions and NI 81-102, the aggregate value of all cash borrowing by the ETF shall not exceed 50% of the ETF’s net asset value. While these strategies will only be used in accordance with the ETF’s investment objectives, strategies and restrictions, during certain market conditions they may accelerate the risk that an investment in shares decreases in value. Commissions, management fees and expenses all may be associated with exchange traded mutual funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to the ETF. Investors may incur customary brokerage commissions in buying or selling ETF units.

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

Portfolio

Geographic Allocation

As at Dec 03, 2020

Name

Weight


Holdings

As at Dec 03, 2020

Download XLS

Performance

As at December. 03 , 2020

* Estimate only. Actual yield changes daily based on market conditions. Target yield is gross of MER

On September 21, 2020, Evolve Fund Corp. (the “Corporation”) completed a restructuring transaction involving, among other things, the redesignation of the outstanding Class A shares of the Corporation (the “Class A Shares”) as Shares of the ETF, a new class of shares of the Corporation (collectively, the “Restructuring”). The Shares of the ETF are substantially similar to the Class A Shares, except that (i) the investments objectives, strategies and restrictions of the Shares were changed to reflect the Restructuring; (ii) the fees in respect of the Shares were changed to eliminate the performance bonus of the Class A Shares and to change the variable administration fee to a fixed administration fee for the Shares; and (iii) the Shares have purchase and redemption features typical of an exchange traded fund, rather than the more restricted closed-end fund features of the Class A Shares. The historical data of the Shares of the ETF presented below is, in part, historical data of the Class A Shares and is based on the performance of the Corporation prior to the Restructuring. Because of the elimination of the performance bonus and the implementation of the fixed administration fee, as well as the increased liquidity of the Shares following the Restructuring, the historical data of the Shares of the ETF presented below under the headings “Quick Facts”, “Trading Information” and “How Much Does it Cost?” is anticipated to differ for the Shares of the ETF going forward. This ETF is an "alternative mutual fund" as defined in National Instrument 81-102 – Investment Funds (“NI 81-102”). The ETF has the ability to use investment strategies that are not permitted for other types of mutual funds. The specific features that differentiate this ETF from other types of mutual funds include the increased use of leverage through cash borrowing. In accordance with the ETF’s investment restrictions and NI 81-102, the aggregate value of all cash borrowing by the ETF shall not exceed 50% of the ETF’s net asset value. While these strategies will only be used in accordance with the ETF’s investment objectives, strategies and restrictions, during certain market conditions they may accelerate the risk that an investment in shares decreases in value. Commissions, management fees and expenses all may be associated with exchange traded mutual funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to the ETF. Investors may incur customary brokerage commissions in buying or selling ETF units.

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

Distributions

Distributions

TICKER:

GLC.PR.A

LAST DISTRIBUTION PER UNIT:

$0.1500

DISTRIBUTION FREQUENCY:

Quarterly

EX-DIVIDEND DATE:

June 29, 2020

RECORD DATE:

June 30, 2020

PAYMENT DATE:

July 8, 2020

Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
September 27, 2019September 30, 2019October 7, 2019$0.1500Quarterly
December 31, 2019December 31, 2019January 10, 2020$0.1500Quarterly
Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
March 31, 2020March 31, 2020April 7, 2020$0.1500Quarterly
June 29, 2020June 30, 2020July 8, 2020$0.1500Quarterly
October 29, 2020October 30, 2020November 6, 2020$0.0600Monthly

Fund is new. No Distributions data available at this time for NEO; GLC

Documents