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About Evolve Automobile Innovation Index Fund
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Inception date
Nov 3, 2017
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Evolve Funds Group, Inc.
ISIN
CA30052J3001
The fund is a passively managed ETF that provides exposure to stocks, including ADRs and GDRs, from developed markets that are working towards the development of automobiles, whether directly or as part of its ecosystem. The fund holds companies, stretching across multiple sub-industries under FactSets Revere Business Industry Classification System as car manufacturers, auto interior comfort/safety/electronics products, fuel cell equipment and technology providers, heavy-duty and high-end batteries manufacturing, video multimedia semiconductors, and general analog and mixed signal semiconductors. The index is reviewed quarterly, assigning each eligible company an equal weight.
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
Producer Manufacturing
Electronic Technology
Consumer Durables
Stocks100.12%
Producer Manufacturing42.45%
Electronic Technology30.74%
Consumer Durables24.51%
Retail Trade2.29%
Bonds, Cash & Other−0.12%
Cash−0.12%
Stock breakdown by region
North America63.51%
Asia24.18%
Europe12.31%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CARS.U invests in stocks. The fund's major sectors are Producer Manufacturing, with 42.50% stocks, and Electronic Technology, with 30.78% of the basket. The assets are mostly located in the North America region.
CARS.U top holdings are Bloom Energy Corporation Class A and Eos Energy Enterprises, Inc. Class A, occupying 4.78% and 3.64% of the portfolio correspondingly.
CARS.U assets under management is 540.03 K USD. It's risen 10.47% over the last month.
CARS.U fund flows account for −562.98 K USD (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, CARS.U doesn't pay dividends to its holders.
CARS.U shares are issued by Evolve Funds Group, Inc. under the brand Evolve. The ETF was launched on Nov 3, 2017, and its management style is Passive.
CARS.U expense ratio is 0.89% meaning you'd have to pay 0.89% of your investment to help manage the fund.
CARS.U follows the Solactive Future Cars Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CARS.U invests in stocks.
CARS.U price has risen by 13.43% over the last month, and its yearly performance shows a 37.64% increase. See more dynamics on CARS.U price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 11.94% over the last month, showed a 34.48% increase in three-month performance and has increased by 12.78% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 11.94% over the last month, showed a 34.48% increase in three-month performance and has increased by 12.78% in a year.
CARS.U trades at a premium (0.87%) meaning the ETF is trading at a higher price than the calculated NAV.