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Evolve Active Global Fixed Income Fund - Hedged ETF Units
Multi-Sector Fixed Income
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FundGrade C
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FundGrade A+® Rating Recipient
2024
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|
NAVPS (07-08-2026) |
$48.12 |
|---|---|
| Change |
-$0.09
(-0.19%)
|
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (November 09, 2018): 2.81%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.46% | -0.97% | 0.14% | -0.14% | 3.01% | 4.11% | 5.33% | 4.40% | 2.72% | 3.21% | 2.68% | - | - | - |
| Benchmark | 1.62% | -0.17% | -0.34% | 1.15% | 5.05% | 7.00% | 5.96% | 5.49% | 2.36% | 0.82% | 1.74% | 2.55% | 1.98% | 2.48% |
| Category Average | 0.55% | -0.45% | 0.70% | 0.73% | 4.95% | 5.11% | 4.99% | - | - | - | - | - | - | - |
| Category Rank | 238 / 320 | 263 / 319 | 229 / 313 | 285 / 315 | 284 / 304 | 243 / 282 | 160 / 273 | 120 / 263 | 81 / 253 | 103 / 235 | 116 / 219 | - | - | - |
| Quartile Ranking | 3 | 4 | 3 | 4 | 4 | 4 | 3 | 2 | 2 | 2 | 3 | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.68% | 0.67% | 0.41% | 0.58% | 0.36% | 0.13% | 0.28% | 0.46% | 0.38% | -2.10% | 0.68% | 0.46% |
| Benchmark | 1.36% | 0.41% | 0.79% | 2.27% | 0.61% | -0.13% | -1.47% | -0.26% | 1.58% | -0.69% | -1.08% | 1.62% |
Best Monthly Return Since Inception
2.73% (April 2020)
Worst Monthly Return Since Inception
-7.49% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | 7.48% | 0.78% | 1.08% | -4.04% | 7.76% | 5.95% | 4.30% |
| Benchmark | 1.29% | 1.23% | 6.50% | 4.01% | 7.35% | -4.31% | -10.27% | 5.25% | 9.76% | 4.31% |
| Category Average | - | - | - | - | - | - | - | - | 3.89% | 5.80% |
| Quartile Ranking | - | - | - | 3 | 4 | 2 | 1 | 2 | 2 | 4 |
| Category Rank | - | - | - | 125/ 213 | 211/ 234 | 113/ 247 | 23/ 255 | 99/ 273 | 128/ 282 | 231/ 299 |
Best Calendar Return (Last 10 years)
7.76% (2023)
Worst Calendar Return (Last 10 years)
-4.04% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 82.60 |
| Foreign Government Bonds | 6.32 |
| Cash and Equivalents | 5.71 |
| Mortgages | 3.76 |
| Foreign Bonds - Other | 1.08 |
| Other | 0.53 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 93.78 |
| Cash and Cash Equivalent | 5.72 |
| Industrial Services | 0.59 |
| Other | -0.09 |
Geographic Allocation
| Name | Percent |
|---|---|
| Europe | 56.03 |
| North America | 36.57 |
| Asia | 1.76 |
| Latin America | 1.46 |
| Africa and Middle East | 0.96 |
| Other | 3.22 |
Top Holdings
| Name | Percent |
|---|---|
| United States Treasury 6.25% 15-May-2030 | 2.50 |
| EUR Currency | 2.26 |
| Clariane SE 13.17% PERP | 1.41 |
| Under Armour Inc 3.25% 15-Jun-2026 | 1.41 |
| British Telecommunications PLC 8.38% 20-Dec-2083 | 1.36 |
| Verizon Communications Inc. (GBP) 5.74% 15-Jun-2056 | 1.27 |
| Holmes Master Issuer PLC 4.87% 17-Oct-2072 | 1.25 |
| Protective Life Global Funding (GBP) 4.80% 01-Nov-2030 | 1.25 |
| Realty Income Corp 1.88% 14-Oct-2026 | 1.23 |
| Permanent TSB Group Holdings Public Limited Compan 13.25% 31-Dec-2049 | 1.23 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Evolve Active Global Fixed Income Fund - Hedged ETF Units
Median
Other - Multi-Sector Fixed Income
3 Yr Annualized
| Standard Deviation | 2.34% | 3.32% | - |
|---|---|---|---|
| Beta | 0.23 | 0.31 | - |
| Alpha | 0.04 | 0.02 | - |
| Rsquared | 0.21% | 0.32% | - |
| Sharpe | 0.71 | -0.05 | - |
| Sortino | 1.48 | -0.10 | - |
| Treynor | 0.07 | -0.01 | - |
| Tax Efficiency | 72.66% | 49.39% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.63% | 2.34% | 3.32% | - |
| Beta | 0.22 | 0.23 | 0.31 | - |
| Alpha | 0.02 | 0.04 | 0.02 | - |
| Rsquared | 0.12% | 0.21% | 0.32% | - |
| Sharpe | 0.25 | 0.71 | -0.05 | - |
| Sortino | 0.00 | 1.48 | -0.10 | - |
| Treynor | 0.03 | 0.07 | -0.01 | - |
| Tax Efficiency | 46.89% | 72.66% | 49.39% | - |
Fund Details
| Start Date | November 09, 2018 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| N/A | ||
Investment Objectives
The investment objective of EARN is to generate positive returns throughout the interest rate and economic cycles, firstly by allocating to different credit asset classes, and also through bottom-up individual security selection. Effective November 1, 2021, the prospectus of EARN is hereby amended to replace references to the 3 month U.S.dollar London Interbank Offered Rate” with the “3 month U.S. dollar Secured Overnight Financing Rate”.
Investment Strategy
To achieve EARN's investment objective, EARN will invest primarily in global debt securities of corporate issuers, and will invest a minimum of 25% of the portfolio in investment grade debt securities which at the time of acquisition have a rating of at least BBB- (Standard & Poor's and Fitch) or of at least Baa3 (Moody's) or the equivalent by another Rating Agency or, if unrated, as determined by the Sub-Advisor, in its discretion, to be of comparable quality.
Portfolio Management
| Portfolio Manager |
Evolve Funds Group Inc. |
|---|---|
| Sub-Advisor |
Allianz Global Investors GmbH
|
Management and Organization
| Fund Manager |
Evolve Funds Group Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
TSX Trust Company |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 0.82% |
|---|---|
| Management Fee | 0.65% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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