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Evolve Automobile Innovation Index Fund Hedged Class A

Sector Equity

Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

NAVPS
(07-18-2024)
$20.44
Change
-$0.42 (-2.00%)

As at June 30, 2024

As at June 30, 2024

As at February 29, 2024

Period
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Legend

Evolve Automobile Innovation Index Fund Hedged Class A

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Fund Returns

Inception Return (April 23, 2019): -0.76%

Fund Returns
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 -7.91% -4.63% -17.77% -17.77% -31.83% -20.36% -28.50% -7.91% 1.04% - - - - -
Benchmark -1.42% -0.53% 6.05% 6.05% 12.13% 11.27% 5.98% 12.35% 9.28% 8.36% 8.65% 8.95% 7.89% 6.95%
Category Average 3.66% 13.59% 13.59% 13.59% 21.41% 20.53% 3.94% 10.80% 11.52% 10.89% 11.56% 12.39% 10.80% 11.93%
Category Rank 186 / 191 166 / 190 183 / 189 183 / 189 180 / 181 151 / 155 137 / 141 126 / 130 116 / 127 - - - - -
Quartile Ranking 4 4 4 4 4 4 4 4 4 - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 10.45% -13.99% -9.10% -18.30% 7.66% 9.14% -11.46% 0.91% -3.49% -7.32% 11.74% -7.91%
Benchmark 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42%

Best Monthly Return Since Inception

36.62% (November 2020)

Worst Monthly Return Since Inception

-18.30% (October 2023)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 104.03% 4.41% -49.38% -7.43%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 17.30% 16.21% -0.43% 20.39% 1.55% 22.37% 29.99% 15.34% -25.24% 26.53%
Quartile Ranking - - - - - - 1 4 4 4
Category Rank - - - - - - 4/ 127 112/ 132 139/ 149 154/ 161

Best Calendar Return (Last 10 years)

104.03% (2020)

Worst Calendar Return (Last 10 years)

-49.38% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 62.30
International Equity 35.18
Canadian Equity 2.15
Cash and Equivalents 0.38
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 38.94
Technology 38.81
Industrial Goods 8.82
Energy 3.33
Financial Services 2.49
Other 7.61

Geographic Allocation

Geographic Allocation
Name Percent
North America 64.76
Europe 16.25
Asia 16.14
Other 2.85

Top Holdings

Top Holdings
Name Percent
SiTime Corp 3.68
Rivian Automotive Inc Cl A 3.52
Cirrus Logic Inc 3.45
NVIDIA Corp 3.40
ams AG 3.06
Analog Devices Inc 2.85
Vinfast Auto Ltd 2.84
Byd Co Ltd Cl H 2.82
Texas Instruments Inc 2.81
Ambarella Inc 2.80

Equity Style

Market capitalization is medium. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Evolve Automobile Innovation Index Fund Hedged Class A

Median

Other - Sector Equity

3 Yr Annualized

Standard Deviation 35.55% 37.36% -
Beta 1.77% 1.59% -
Alpha -0.39% -0.08% -
Rsquared 0.44% 0.44% -
Sharpe -0.84% 0.15% -
Sortino -1.02% 0.19% -
Treynor -0.17% 0.04% -
Tax Efficiency - - -
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 -

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 35.88% 35.55% 37.36% -
Beta 2.43% 1.77% 1.59% -
Alpha -0.61% -0.39% -0.08% -
Rsquared 0.61% 0.44% 0.44% -
Sharpe -1.02% -0.84% 0.15% -
Sortino -1.15% -1.02% 0.19% -
Treynor -0.15% -0.17% 0.04% -
Tax Efficiency - - - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date April 23, 2019
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
EVF141

Investment Objectives

CARS seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Future Cars Index Canadian Dollar Hedged, or any successor thereto. CARS invests primarily in equity securities of companies that are directly or indirectly involved in developing electric drivetrains, autonomous driving or network connected services for automobiles.

Investment Strategy

In order to achieve its investment objective and to obtain direct or indirect exposure to the Constituent Securities of the applicable Index, each Evolve Fund may hold the Constituent Securities of the applicable Index in approximately the same proportion as they are reflected in that Index or may hold securities of one or more exchange traded funds that replicate the performance of the applicable Index, or a subset of such Index.

Portfolio Manager(s)

Name Start Date
Evolve Funds Group Inc. 09-29-2017

Management and Organization

Fund Manager Evolve Funds Group Inc.
Advisor Evolve Funds Group Inc.
Custodian CIBC Mellon Trust Company
Registrar TSX Trust Company
Distributor -
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 0
SWP Allowed Yes
SWP Min Balance 500
SWP Min Withdrawal 0

Fees

MER 1.65%
Management Fee 1.40%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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