Evolve Canadian Equity UltraYield Unhedged ETF Units Trust Units -Unhedged-
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About Evolve Canadian Equity UltraYield Unhedged ETF Units Trust Units -Unhedged-
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Inception date
Sep 17, 2025
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Evolve Funds Group, Inc.
ISIN
CA30055K1066
CANY is an actively managed alternative mutual fund, as such, the fund may invest in other alternative funds and using cash borrowing for leverage. The fund aims to provide attractive income and long-term capital growth by investing in leading Canadian equities. Positions are selected based on market-cap and volatility, with a focus on those offering attractive option premiums. To enhance yield and reduce risk and volatility, the fund uses a covered call writing strategy, with the level of writing adjusted based on market conditions. The fund may use 1.33x leverage through cash borrowing or derivatives to support its objectives.
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
Finance
Industrial Services
Non-Energy Minerals
Commercial Services
Stocks127.52%
Finance50.29%
Industrial Services10.29%
Non-Energy Minerals10.24%
Commercial Services10.06%
Transportation9.92%
Technology Services9.20%
Bonds, Cash & Other−27.52%
Rights & Warrants−0.51%
Cash−27.01%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
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
CANY invests in stocks. The fund's major sectors are Finance, with 64.13% stocks, and Industrial Services, with 13.12% of the basket. The assets are mostly located in the North America region.
CANY top holdings are Enbridge Inc. and Cameco Corporation, occupying 13.12% and 13.06% of the portfolio correspondingly.
CANY assets under management is 13.55 M CAD. It's risen 801.13% over the last month.
CANY fund flows account for 9.60 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.
Yes, CANY pays dividends to its holders with the dividend yield of 1.67%. The last dividend (Oct 8, 2025) amounted to 0.21 CAD.
CANY shares are issued by Evolve Funds Group, Inc. under the brand Evolve. The ETF was launched on Sep 17, 2025, and its management style is Active.
CANY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CANY invests in stocks.
CANY trades at a premium (0.18%) meaning the ETF is trading at a higher price than the calculated NAV.