EVOLVE CANADIAN UTILITIES ENHANCED UNITS UNHEDGED ETFEVOLVE CANADIAN UTILITIES ENHANCED UNITS UNHEDGED ETFEVOLVE CANADIAN UTILITIES ENHANCED UNITS UNHEDGED ETF

EVOLVE CANADIAN UTILITIES ENHANCED UNITS UNHEDGED ETF

No trades
See on Supercharts

Key stats


Assets under management (AUM)
‪241.53 K‬CAD
Fund flows (1Y)
‪−491.12 K‬CAD
Dividend yield (indicated)
5.71%
Discount/Premium to NAV
−2.1%

About EVOLVE CANADIAN UTILITIES ENHANCED UNITS UNHEDGED ETF


Issuer
Evolve Funds Group, Inc.
Brand
Evolve
Inception date
Sep 3, 2024
Index tracked
Solactive Canada Utility Index - CAD - Benchmark TR Gross
Management style
Passive
The fund utilizes a combination of leverage and covered call strategy. The fund provides 1.25x leveraged exposure to an index comprised of the 10 largest Canadian utilities, pipelines, and telecommunication companies, included in FactSet Sectors: Electric Utilities, Gas Distributors, Water Utilities, Alternative Power Generation, Oil & Gas Pipelines, Major Telecommunications, and Wireless Telecommunications. Stocks are selected based on market cap and are equally weighted. The index is rebalanced quarterly starting in February. The fund manager has the discretion to write covered call options on not more than 33% of its securities, depending on market volatility and other factors. The fund is a geared product that rebalances within two business days if its leverage exceeds 2% above its target leverage of 25%. As such, this is designed as a short-term trading tool and not a long-term investment vehicle.

Classification


Asset Class
Equity
Category
Sector
Focus
Utilities
Niche
Broad-based
Strategy
Buy-write
Weighting scheme
Fixed
Selection criteria
Fixed
What's in the fund
Exposure type
Stocks
Utilities
Industrial Services
Communications
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.