MCAD

Premium Cash Management Fund

TICKER
MCAD
MUTUAL FUND
FUNDSERV CODE(S):
EVF700 Class A
EVF701 Class F
NAV

As at April 19, 2024

$100.3236 (MCAD)
$10.0000 (EVF701 Class F)
$10.0000 (EVF700 Class A)
NAV CHANGE

As at April 19, 2024

0.01 (MCAD)
0.00 (EVF701 Class F)
0.00 (EVF700 Class A)
MARKET PRICE

(As at April 19, 2024 at 5:00pm)

MCAD
STYLE
R-1 (High)
NUMBER OF HOLDINGS
100
AUM
$108.277 M
CURRENT YIELD (NET)*

As at April 19, 2024

5.19 (MCAD)
4.91 (MCAD.A)
5.19 (MCAD.F)

*Net of admin fees, fund expenses and applicable sales taxes. Current Yield (Net) is an annualized historical yield based on the seven day period ended on the above mentioned date and does not represent an actual one year return.

Who Should Consider this Fund?

Investors:
  • Seeking somewhat higher current income than available on funds invested solely in short-term Canadian government securities; and
  • Looking for a liquid, short-term investment.

Performance

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

Fund Details

CUSIP 74061K106 TICKER MCAD LISTING EXCHANGE Toronto Stock Exchange (TSX)
INCEPTION DATE May 26, 2023 CURRENCY CAD REGISTERED INVESTMENT ELIGIBILITY Yes
ASSET CLASS Canadian Money Market STYLE Active MANAGEMENT FEE** 0.00 (plus applicable sales taxes) (MCAD)0.25 (plus applicable sales taxes) (EVF700 Class A)0.00 (plus applicable sales taxes) (EVF701 Class F)
DISTRIBUTION FREQUENCY Monthly RATING BREAKDOWN*** R-1 (Low): 11.14; R-1 (Mid): 34.84; R-1 (High): 54.02 FUNDSERV CODE EVF700 Class AEVF701 Class F

Top 10 Holdings

As at Apr 18, 2024

1 2

Security Type

As at Apr 18, 2024

1 2

Name

Weight

Maturity Breakdown

As at Apr 18, 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 April 19, 2024 Document created April 20, 2024, 03:18 AM EST

ETF Series

Mutual Fund Series

(As at April 19, 2024)

Ticker

 

MCAD

See More Details
Nav

As at April 19, 2024

$100.3236

See More Details
Nav Change

As at April 19, 2024

0.01%

Market Price

(As at April 19, 2024 at 5:00pm)

N/A

AVERAGE CREDIT RATING

 

R-1 (High)

See More Details
WEIGHTED AVERAGE MATURITY (DAYS)

 

100

See More Details
AUM

 

$108.277 M

Current Yield (Net)*

As at April 19, 2024

5.19%

*Net of admin fees, fund expenses and applicable sales taxes. Current Yield (Net) is an annualized historical yield based on the seven day period ended on the above mentioned date and does not represent an actual one year return.

Other products you may be interested in…

VIEW ALL PRODUCTS
CBOE HISA

High Interest Savings Account Fund

Learn more
TSX MUSD

US Premium Cash Management Fund

Learn more
TSX HISU

US High Interest Savings Account Fund

Learn more

Overview

Portfolio

Performance

Distributions

Documents

Overview

Investment Objective

MCAD seeks to maximize current income, while at the same time preserving capital and maintaining liquidity, by investing primarily in Canadian dollar-denominated high-quality short term debt securities (with a term to maturity of 365 days or less).

Fund Details

CUSIP

74061K106

TICKER

MCAD

LISTING EXCHANGE

Toronto Stock Exchange (TSX)

INCEPTION DATE

May 26, 2023

CURRENCY

CAD

REGISTERED INVESTMENT ELIGIBILITY

Yes

ASSET CLASS

Canadian Money Market

STYLE

Active

MANAGEMENT FEE**

0.00% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

RATING BREAKDOWN***

R-1 (Low): 11.14%; R-1 (Mid): 34.84%; R-1 (High): 54.02%

FUNDSERV CODE

EVF700 Class A

INCEPTION DATE

May 26, 2023

REGISTERED INVESTMENT ELIGIBILITY

Yes

CURRENCY

CAD

ASSET CLASS

Canadian Money Market

STYLE

Active

MANAGEMENT FEE**

0.25% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

RATING BREAKDOWN***

R-1 (Low): 11.14%; R-1 (Mid): 34.84%; R-1 (High): 54.02%

FUNDSERV CODE

EVF701 Class F

INCEPTION DATE

May 26, 2023

REGISTERED INVESTMENT ELIGIBILITY

Yes

CURRENCY

CAD

ASSET CLASS

Canadian Money Market

STYLE

Active

MANAGEMENT FEE**

0.00% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

RATING BREAKDOWN***

R-1 (Low): 11.14%; R-1 (Mid): 34.84%; R-1 (High): 54.02%

?

Who Should Consider
this Fund?

Investors:

  • Seeking somewhat higher current income than available on funds invested solely in short-term Canadian government securities; and
  • Looking for a liquid, short-term investment.

*Net of admin fees, fund expenses and applicable sales taxes. Current Yield (Net) is an annualized historical yield based on the seven day period ended on date mentioned above and does not represent an actual one year return.

**Except in respect of the Unhedged Class A Mutual Fund Units, the Manager has waived the Management Fee on each class of Units of each Evolve Fund from February 2, 2024, until June 30, 2024. In respect of the Unhedged Class A Mutual Fund Units of each Evolve Fund, the Manager has reduced the Management Fee to the amount of the trailing commission payable to a Unitholder’s dealer, being 0.25%, until June 30, 2024.

***As at January 31, 2024.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The performance data provided assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated.

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

Portfolio

Security Type

As at April 18, 2024

Name

Weight

Maturity Breakdown

As at April 18, 2024

Name

Weight


Holdings

As at April 18, 2024

Download XLS

Holdings

Performance

As at April 19, 2024

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

*Net of admin fees, fund expenses and applicable sales taxes. Current Yield (Net) is an annualized historical yield based on the seven day period ended on date mentioned above and does not represent an actual one year return.

**Except in respect of the Unhedged Class A Mutual Fund Units, the Manager has waived the Management Fee on each class of Units of each Evolve Fund from February 2, 2024, until June 30, 2024. In respect of the Unhedged Class A Mutual Fund Units of each Evolve Fund, the Manager has reduced the Management Fee to the amount of the trailing commission payable to a Unitholder’s dealer, being 0.25%, until June 30, 2024.

***As at January 31, 2024.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The performance data provided assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated.

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

Distributions

Distributions

NEXT DISTRIBUTION PER UNIT:

$0.40316

Annualized distribution yield* (March 26, 2024)

4.82%

DISTRIBUTION FREQUENCY:

Monthly

EX-DIVIDEND DATE:

March 27, 2024

RECORD DATE:

March 27, 2024

PAYMENT DATE:

April 8, 2024

Downloads
Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
01/31/2401/31/2402/07/24$0.46728Monthly
02/28/2402/28/2403/07/24$0.39946Monthly
03/27/2403/27/2404/08/24$0.40316Monthly
04/25/2404/25/2405/02/24-Monthly
05/29/2405/29/2406/07/24-Monthly
06/27/2406/27/2407/08/24-Monthly
07/30/2407/30/2408/08/24-Monthly
08/29/2408/29/2409/09/24-Monthly
09/26/2409/26/2410/04/24-Monthly
10/29/2410/29/2411/07/24-Monthly
11/26/2411/26/2412/06/24-Monthly
TBDTBDTBD--
Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
06/29/2306/29/2307/10/23$0.44975Monthly
07/27/2307/27/2308/08/23$0.38566Monthly
08/31/2308/31/2309/08/23 $0.48096Monthly
09/28/23 09/28/23 10/10/23$0.38897Monthly
10/31/2310/31/2311/07/23$0.46354Monthly
11/30/2311/30/2312/07/23$0.42658Monthly
12/28/2312/28/2301/08/24$0.41241Monthly

*Annualized distribution yield. Calculated as the most recent announced dividend amount, annualized and then divided by the current market price.

Designed for retail 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.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investements. Please read the prospectus before investing. The performance data provided assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated.

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

Documents