Ticker
GLC
Nav
(as at February 26 , 2021)
$13.99
Nav Change
(as at February 26 , 2021)
-3.43%
Market Price
N/A
Style
Active
Number Of Holdings
(as at February 26 , 2021)
25
AUM
(as at February 26 , 2021)
$2.760 M
Target Yield*
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)
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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.
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 security holder 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.
As at February. 26 , 2021
Ticker
Nav
1D
1M
3M
6M
YTD
1Y
2Y
3Y
SI**
GLC
$13.99
-3.02%
-6.27%
-3.46%
-23.06%
-9.42%
-6.43%
--
--
34.71%
** Performance since inception of GLC on May 24, 2019
* 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.
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 security holder 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
LAST DISTRIBUTION PER UNIT:
$0.0.0600
DISTRIBUTION FREQUENCY:
Monthly
EX-DIVIDEND DATE:
December 30, 2020
RECORD DATE:
December 31, 2020
PAYMENT DATE:
January 8, 2021
| Ex-Dividend Date: | Record Date: | Payment Date: | Payment Amount: | Distribution Frequency: |
|---|---|---|---|---|
| September 27, 2019 | September 30, 2019 | October 7, 2019 | $0.1500 | Quarterly |
| December 31, 2019 | December 31, 2019 | January 10, 2020 | $0.1500 | Quarterly |
| Ex-Dividend Date: | Record Date: | Payment Date: | Payment Amount: | Distribution Frequency: |
|---|---|---|---|---|
| March 31, 2020 | March 31, 2020 | April 7, 2020 | $0.1500 | Quarterly |
| June 29, 2020 | June 30, 2020 | July 8, 2020 | $0.1500 | Quarterly |
| October 29, 2020 | October 30, 2020 | November 6, 2020 | $0.0600 | Monthly |
| November 27, 2020 | November 30, 2020 | December 7, 2020 | $0.0600 | Monthly |
| December 30, 2020 | December 31, 2020 | January 8, 2021 | $0.0600 | Monthly |
Fund is new. No Distributions data available at this time for NEO; GLC
