EVOLVE CDN BKS & LIFE ENHA YLD INX UNHEDGED UNITEVOLVE CDN BKS & LIFE ENHA YLD INX UNHEDGED UNITEVOLVE CDN BKS & LIFE ENHA YLD INX UNHEDGED UNIT

EVOLVE CDN BKS & LIFE ENHA YLD INX UNHEDGED UNIT

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Key stats


Assets under management (AUM)
‪446.59 M‬CAD
Fund flows (1Y)
‪257.39 M‬CAD
Dividend yield (indicated)
16.03%
Discount/Premium to NAV
0.1%
Shares outstanding
‪56.35 M‬
Expense ratio
1.63%

About EVOLVE CDN BKS & LIFE ENHA YLD INX UNHEDGED UNIT


Issuer
Evolve Funds Group, Inc.
Brand
Evolve
Inception date
Feb 1, 2022
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
Solactive Canadian Core Financials Equal Weight Index - CAD - Benchmark TR Net
Management style
Passive
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


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Broad-based
Strategy
Buy-write
Geography
Canada
Weighting scheme
Fixed
Selection criteria
Fixed
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Stock breakdown by region
100%
Top 10 holdings
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.

Broaden your horizons with more funds linked to BANK via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BANK trades at 7.93 CAD today, its price has risen 0.06% in the past 24 hours. Track more dynamics on BANK price chart.
BANK net asset value is 7.93 today — it's risen 8.90% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BANK assets under management is ‪446.59 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
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.
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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BANK invests in stocks. See more details in our Analysis section.
BANK expense ratio is 1.63%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, BANK is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BANK technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BANK shows the buy signal. See more of BANK technicals for a more comprehensive analysis.
Yes, BANK pays dividends to its holders with the dividend yield of 16.03%.
BANK trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BANK shares are issued by Evolve Funds Group, Inc.
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.
The fund started trading on Feb 1, 2022.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.