Key stats
About EVOLVE CDN BKS & LIFE ENHA YLD INX UNHEDGED UNIT
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Inception date
Feb 1, 2022
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
Evolve Funds Group, Inc.
The fund is passively managed, utilizing a combination of leverage and covered call strategy. It provides 1.25x leveraged exposure to the Solactive Canadian Core Financials Equal Weight Index, a narrow index that invests in the 10 largest companies from the bank and insurance segments of the Canadian stock market. This particularly includes the following FactSet Sectors: Major Banks, Regional Banks, Life/Health Insurance, and Multi-Line Insurance. Constituents are selected based on market capitalization and are equally weighted. At any time, the fund manager can write covered call options at its discretion, on not more than 33% of its securities, depending on market volatility and other factors. The underlying index reconstitutes quarterly. The fund is a geared product that rebalances within two business days of the funds leverage exceeding 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
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
Finance
Stocks125.08%
Finance99.68%
Bonds, Cash & Other−25.08%
Cash0.40%
Rights & Warrants−0.21%
Miscellaneous−25.27%
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
BANK top holdings are Bank of Montreal and Canadian Imperial Bank of Commerce, occupying 12.80% and 12.70% of the portfolio correspondingly.
BANK last dividends amounted to 0.11 CAD. The month before, the issuer paid 0.11 CAD in dividends,
BANK assets under management is 446.59 M CAD. It's risen 17.06% over the last month.
BANK fund flows account for 259.39 M 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, BANK pays dividends to its holders with the dividend yield of 16.03%. The last dividend (May 7, 2025) amounted to 0.11 CAD. The dividends are paid monthly.
BANK shares are issued by Evolve Funds Group, Inc. under the brand Evolve. The ETF was launched on Feb 1, 2022, and its management style is Passive.
BANK expense ratio is 1.63% meaning you'd have to pay 1.63% of your investment to help manage the fund.
BANK follows the Solactive Canadian Core Financials Equal Weight Index - CAD - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BANK invests in stocks.
BANK price has risen by 6.59% over the last month, and its yearly performance shows a 6.30% increase. See more dynamics on BANK price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 8.90% over the last month, showed a 3.72% increase in three-month performance and has increased by 25.74% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 8.90% over the last month, showed a 3.72% increase in three-month performance and has increased by 25.74% in a year.
BANK trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.