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About Evolve Artificial Intelligence Fund ETF Trust Units
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Inception date
Mar 22, 2024
Structure
Canadian Commodity Pool (ON)
Dividend treatment
Distributes
Primary advisor
Evolve Funds Group, Inc.
ISIN
CA3009241074
The fund employs a proprietary language model to target securities likely to gain from increased AI adoption. The platform identifies equity and equity-related securities from developed markets positively impacted by AI through direct product sales or improved cost efficiency. The model processes large datasets from various text sources, adapting over time to identify issuers, changes in market sentiment, technological advancements, and emerging applications. The technology is monitored, assigning each company an applicability score from 0 to 1. The portfolio manager uses and adjusts the portfolio based on the generated data. The portfolio may include companies directly involved in AI development and those with business models/operations enhanced by AI. As an actively managed fund, the portfolio manager has full discretion over any investment decision at any time. The AI technology and its provider does not make investment decisions on behalf of the fund.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stocks99.83%
Technology Services52.71%
Electronic Technology36.61%
Retail Trade9.09%
Producer Manufacturing0.73%
Commercial Services0.41%
Finance0.28%
Bonds, Cash & Other0.17%
Cash0.17%
Stock breakdown by region
North America99.03%
Europe0.97%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ARTI invests in stocks. The fund's major sectors are Technology Services, with 52.71% stocks, and Electronic Technology, with 36.61% of the basket. The assets are mostly located in the North America region.
ARTI top holdings are Alphabet Inc. Class C and Apple Inc., occupying 12.54% and 10.23% of the portfolio correspondingly.
ARTI assets under management is 12.11 M CAD. It's risen 5.99% over the last month.
ARTI fund flows account for 4.54 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, ARTI doesn't pay dividends to its holders.
ARTI shares are issued by Evolve Funds Group, Inc. under the brand Evolve. The ETF was launched on Mar 22, 2024, and its management style is Active.
ARTI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ARTI invests in stocks.
ARTI price has risen by 11.74% over the last month, and its yearly performance shows a 35.12% increase. See more dynamics on ARTI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.94% over the last month, showed a 39.72% increase in three-month performance and has increased by 7.60% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.94% over the last month, showed a 39.72% increase in three-month performance and has increased by 7.60% in a year.
ARTI trades at a premium (0.43%) meaning the ETF is trading at a higher price than the calculated NAV.