QQQY

Evolve NASDAQ Technology Enhanced Yield Index Fund

TICKER
MUTUAL FUND
FUNDSERV CODE(S):
EVF900
EVF901
NAV

As at April 16, 2024

$25.12 (QQQY)
$24.30 (EVF900)
$24.59 (EVF901)
NAV CHANGE

As at April 16, 2024

0.34 (QQQY)
0.33 (EVF900)
0.33 (EVF901)
MARKET PRICE

N/A
STYLE
Index-based with covered call strategy
NUMBER OF HOLDINGS
41
AUM
$20.434 M
ANNUALIZED DISTRIBUTION YIELD*

 

15.29 (QQQY)
15.62 (QQQY.A)
15.80 (QQQY.F)

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

Who Should Consider this Fund?

Investors:
  • Seeking to invest in the equity securities classified as a “technology company” in the NASDAQ-100 Index;
  • Willing to take the risk associated with equity investments;
  • Willing to take the risk associated with equity investments;
  • Willing to take the risk associated with equity investments;
  • Seeking capital appreciation by replicating the performance of the Index; and
  • Seeking increased yield from a covered call strategy.

Performance

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

Fund Details

FUNDSERV CODE EVF901EVF900 INCEPTION DATE October 13, 2023 REGISTERED INVESTMENT ELIGIBILITY Yes
CURRENCY Hedged to CAD INDEX PROVIDER Nasdaq Inc.® INDEX Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index
STYLE Index-Based with Covered Call Strategy INDEX REBALANCING FREQUENCY Quarterly MANAGEMENT FEE 1.50 (plus applicable sales taxes) (EVF901)0.50 (plus applicable sales taxes) (EVF900)
DISTRIBUTION FREQUENCY Monthly

Top 10 Holdings

As at Apr 16, 2024

1 2

Geographic Allocation

As at Apr 16, 2024

1 2

Name

Weight

Sector Allocation

As at Apr 16, 2024

1 2

Name

Weight

Sub-Advisor

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com. Advisor Logo

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 16, 2024 Document created April 17, 2024, 02:34 PM EST

ETF Series

Mutual Fund Series

(As at April 16, 2024)

Ticker

 

QQQY

See More Details
Nav

As at April 16, 2024

$25.12

See More Details
Nav Change

As at April 16, 2024

0.34%

Market Price

 

N/A

Style

 

Index-based with covered call strategy

See More Details
Number Of Holdings

 

41

See More Details
AUM

 

$20.434 M

ANNUALIZED DISTRIBUTION YIELD*

 

15.29%

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

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Overview

Portfolio

Performance

Distributions

Documents

Overview

Investment Objective

QQQY seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the NASDAQ-100 Technology Sector Adjusted Market-Cap WeightedTM Index, to enhance yield, as well as to mitigate risk and reduce volatility, QQQY will employ a covered call option writing program 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

30053Y306

TICKER

QQQY

LISTING EXCHANGE

Toronto Stock Exchange (TSX)

INCEPTION DATE

October 3, 2023

CURRENCY

Hedged to CAD

REGISTERED INVESTMENT ELIGIBILITY

Yes

STYLE

Index-Based with Covered Call Strategy

INDEX PROVIDER

Nasdaq Inc.®

INDEX RE-BALANCING FREQUENCY

Quarterly

MANAGEMENT FEE

0.50% (plus applicable sales taxes)

DISTRIBUTION FREQUENCY

Monthly

FundSERV Code

EVF901

Inception Date

October 13, 2023

Registered Investment Eligibility

Yes

Currency

Hedged to CAD

Index Provider

Nasdaq Inc.®

Style

Index-Based with Covered Call Strategy

Index Rebalancing Frequency

Quarterly

Management Fee

1.50% (plus applicable sales taxes)

Distribution Frequency

Monthly

FundSERV Code

EVF900

Inception Date

October 13, 2023

Registered Investment Eligibility

Yes

Currency

Hedged to CAD

Index Provider

Nasdaq Inc.®

Index Rebalancing Frequency

Quarterly

Management Fee

0.50% (plus applicable sales taxes)

Distribution Frequency

Monthly

?

Who Should Consider
this Fund?

Investors:

  • Seeking to invest in the equity securities classified as a “technology company” in the NASDAQ-100 Index;
  • Willing to take the risk associated with equity investments;
  • Willing to take the risk associated with equity investments;
  • Willing to take the risk associated with equity investments;
  • Seeking capital appreciation by replicating the performance of the Index; and
  • Seeking increased yield from a covered call strategy.

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

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.

Nasdaq®, Nasdaq-100®, Nasdaq-100 Index®, Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index are trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Evolve ETFs. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).


Index Provider

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
Advisor Logo

Portfolio

Geographic Allocation

As at April 16, 2024

Name

Weight

Sector Allocation

As at April 16, 2024

Name

Weight


Holdings

As at April 16, 2024

Download XLS

Holdings

Performance

As at April 16, 2024

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

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

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.

Nasdaq®, Nasdaq-100®, Nasdaq-100 Index®, Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index are trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Evolve ETFs. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Distributions

Distributions

NEXT DISTRIBUTION PER UNIT:

$0.32000

ANNUALIZED DISTRIBUTION YIELD* (as at March 26, 2024)

14.88%

DISTRIBUTION FREQUENCY:

Monthly

EX-DIVIDEND DATE:

March 27, 2024

RECORD DATE:

March 28, 2024

PAYMENT DATE:

April 8, 2024

Downloads
Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
01/30/2401/31/2402/07/24$0.21000Monthly
02/28/2402/09/2403/07/24$0.21000Monthly
03/27/2403/28/2404/08/24$0.32000Monthly
Ex-Dividend Date:Record Date:Payment Date:Payment Amount:Distribution Frequency:
10/30/2310/31/2311/7/23$0.21000Monthly
11/29/202311/30/202312/7/2023$0.21000Monthly
12/28/202312/29/20231/8/2024$0.21000Monthly

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

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.

Nasdaq®, Nasdaq-100®, Nasdaq-100 Index®, Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index are trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Evolve ETFs. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Documents