Evolve Canadian Energy Enhanced Yield Index Fund Unhedged ETF Units Trust Units
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About Evolve Canadian Energy Enhanced Yield Index Fund Unhedged ETF Units Trust Units
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Inception date
Mar 26, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Evolve Funds Group, Inc.
ISIN
CA30054V1031
The fund offers 1.25x leveraged exposure to the Solactive Canada Energy Top 10 Index, an equal-weighted index of ten Canadian energy companies selected based on market capitalization. The fund includes firms in energy-related industries such as oil and gas production, integrated oil, oil refining/marketing, coal, contract drilling, oilfield services/equipment, and oil and gas pipelines. Due to its very narrow holdings, investors can expect a high level of concentration and volatility in the portfolio. The underlying index rebalances on a quarterly basis while the funds leverage will be rebalanced within two business days of OILYs leverage exceeding 2% above its target leverage of 25% of NAV (i.e., if the leverage is greater than 27% of OILYs NAV). The fund employs a covered call option strategy to enhance yield, mitigate risk, and reduce volatility. Such covered call options will be written by the fund manager at its discretion on up to 100% of the funds value.
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
Energy Minerals
Industrial Services
Stocks124.53%
Energy Minerals69.81%
Industrial Services30.19%
Bonds, Cash & Other−24.53%
Rights & Warrants−0.40%
Cash−24.13%
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
OILY invests in stocks. The fund's major sectors are Energy Minerals, with 86.93% stocks, and Industrial Services, with 37.60% of the basket. The assets are mostly located in the North America region.
OILY top holdings are Cenovus Energy Inc. and TC Energy Corporation, occupying 13.57% and 12.60% of the portfolio correspondingly.
OILY last dividends amounted to 0.12 CAD. The month before, the issuer paid 0.12 CAD in dividends,
OILY assets under management is 1.81 M CAD. It's risen 1.06% over the last month.
OILY fund flows account for 864.52 K 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, OILY pays dividends to its holders with the dividend yield of 15.33%. The last dividend (Sep 8, 2025) amounted to 0.12 CAD. The dividends are paid monthly.
OILY shares are issued by Evolve Funds Group, Inc. under the brand Evolve. The ETF was launched on Mar 26, 2025, and its management style is Passive.
OILY follows the Solactive Canada Energy Top 10 Index - CAD - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
OILY invests in stocks.
OILY trades at a premium (0.27%) meaning the ETF is trading at a higher price than the calculated NAV.