Key stats
About Evolve Innovation Index Fund Trust Units -Unhedged-
Home page
Inception date
Jan 7, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
Evolve Funds Group, Inc.
ISIN
CA30052W1115
The fund is passively managed to provide exposure to companies that are associated with innovative and disruptive trends across a broad range of industries under the FactSet Revere Business Industry Classification System (RBICS). Using fundamental factors, companies are further sorted to nine categories: Blockchain, Cloud Computing & Big Data, Cybersecurity, Future Cars, Genomics, Robotics & Automation, Video Gaming, Virtual/Augmented Reality, and 5G. Most categories are equally weighted within the portfolio, with each category having no more than ten companies and equally weighted within their respective category. Companies classified under Cybersecurity and Cloud Computing & Big Data are weighted within their category by market-cap. Should there be less than five eligible companies in a category, the entire category is removed from the index selection process. The index is reviewed semi-annually and rebalanced quarterly.
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
Electronic Technology
Health Technology
ETF
Stocks47.11%
Electronic Technology14.01%
Health Technology10.47%
Technology Services6.83%
Commercial Services6.10%
Communications3.78%
Finance3.50%
Health Services1.32%
Process Industries1.11%
Bonds, Cash & Other52.89%
ETF52.51%
Cash0.38%
Stock breakdown by region
North America90.77%
Asia5.47%
Europe3.76%
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
EDGE.U top holdings are Evolve Automobile Innovation Index Fund and Evolve Cloud Computing Index Fund Trust Units -Hedged-, occupying 13.79% and 12.56% of the portfolio correspondingly.
EDGE.U assets under management is 577.91 K USD. It's risen 6.83% over the last month.
EDGE.U fund flows account for −718.04 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, EDGE.U doesn't pay dividends to its holders.
EDGE.U shares are issued by Evolve Funds Group, Inc. under the brand Evolve. The ETF was launched on Jan 7, 2021, and its management style is Passive.
EDGE.U expense ratio is 0.36% meaning you'd have to pay 0.36% of your investment to help manage the fund.
EDGE.U follows the Solactive Global Innovation Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EDGE.U invests in funds.
EDGE.U price has risen by 3.64% over the last month, and its yearly performance shows a 22.36% increase. See more dynamics on EDGE.U price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.79% over the last month, showed a 14.60% increase in three-month performance and has increased by 16.21% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.79% over the last month, showed a 14.60% increase in three-month performance and has increased by 16.21% in a year.
EDGE.U trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.