Key stats
About EVOLVE S&P 500 ENHANCED YIELD FUND UNHEDGED ETF UNITS
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Inception date
Jan 9, 2023
Structure
Canadian Mutual Fund Trust (ON)
Tax on distributions
Qualified dividends
Primary advisor
Evolve Funds Group, Inc.
The fund seeks long-term capital growth by investing primarily in the constituents of the well-known S&P 500 index which comprises the largest 500 companies in the US, selected by the S&P committee and weighted by market-cap. The fund will employ a sampling strategy, where it may not hold all the securities that comprise the index and instead invest in securities with similar characteristics to the index constituents. To provide additional value and minimize volatility, the fund also employs a covered call options strategy for up to 33% of its portfolio. Derivatives may be utilized in generating additional profit, reducing transaction costs, increasing the liquidity and efficiency of trading, and hedging purposes. The index is 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
Technology Services
Finance
ETF
Stocks78.54%
Electronic Technology16.80%
Technology Services15.97%
Finance10.29%
Retail Trade6.70%
Health Technology6.40%
Consumer Non-Durables2.91%
Producer Manufacturing2.54%
Commercial Services2.36%
Consumer Services2.34%
Consumer Durables2.11%
Utilities1.99%
Energy Minerals1.94%
Health Services1.35%
Process Industries1.21%
Transportation1.11%
Communications0.69%
Industrial Services0.62%
Distribution Services0.49%
Non-Energy Minerals0.33%
Miscellaneous0.04%
Bonds, Cash & Other21.46%
ETF21.32%
Cash0.58%
Rights & Warrants−0.45%
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