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Evolve Canadian Utilities Enhanced Yield Index Fund Unhedged Class A
Alternative Equity Focus
|
NAVPS (09-11-2026) |
$8.21 |
|---|---|
| Change |
-$0.05
(-0.55%)
|
As at August 31, 2026
As at August 31, 2026
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Legend
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Fund Returns
Inception Return (October 11, 2024): 9.39%
| 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 | -2.94% | -4.77% | -3.11% | 6.29% | 8.10% | - | - | - | - | - | - | - | - | - |
| Benchmark | 3.10% | 4.88% | 6.79% | 16.00% | 29.91% | 27.87% | 24.76% | 20.48% | 15.28% | 17.34% | 15.30% | 13.87% | 13.45% | 12.81% |
| Category Average | 1.62% | 2.64% | 7.12% | 12.09% | 18.16% | 15.59% | 15.96% | 12.38% | 8.99% | 11.05% | 9.63% | - | - | - |
| Category Rank | 253 / 275 | 229 / 255 | 227 / 250 | 181 / 239 | 179 / 231 | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | - | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.74% | -1.93% | 2.61% | -1.62% | 2.73% | 6.78% | 1.09% | -1.23% | 1.91% | -1.96% | 0.08% | -2.94% |
| Benchmark | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% | 0.50% | 1.22% | 3.10% |
Best Monthly Return Since Inception
6.78% (February 2026)
Worst Monthly Return Since Inception
-5.38% (December 2024)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | 17.30% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% | 16.58% | 15.40% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | 2 |
| Category Rank | - | - | - | - | - | - | - | - | - | 48/ 189 |
Best Calendar Return (Last 10 years)
17.30% (2025)
Worst Calendar Return (Last 10 years)
17.30% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 122.73 |
| Cash and Equivalents | -22.74 |
| Other | 0.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Energy | 49.32 |
| Telecommunications | 38.31 |
| Utilities | 35.35 |
| Cash and Cash Equivalent | -22.74 |
| Other | -0.24 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Rogers Communications Inc Cl B | 13.27 |
| BCE Inc | 13.01 |
| Keyera Corp | 12.82 |
| Pembina Pipeline Corp | 12.57 |
| Fortis Inc | 12.06 |
| Telus Corp | 12.03 |
| Enbridge Inc | 12.02 |
| TC Energy Corp | 11.92 |
| Emera Inc | 11.80 |
| Hydro One Ltd | 11.49 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
3 Yr Annualized
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 9.76% | - | - | - |
| Beta | 0.44 | - | - | - |
| Alpha | -0.03 | - | - | - |
| Rsquared | 0.21% | - | - | - |
| Sharpe | 0.61 | - | - | - |
| Sortino | 1.04 | - | - | - |
| Treynor | 0.14 | - | - | - |
| Tax Efficiency | - | - | - | - |
Fund Details
| Start Date | October 11, 2024 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| 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 |
|---|---|---|
| EVF241 |
Investment Objectives
The Evolve Fund seeks to replicate, to the extent reasonably possible before fees and expenses, up to a 1.25 times multiple of the performance of the Solactive Canada Utility Index, or any successor thereto (the “Index”), while mitigating downside risk. The Evolve Fund invests primarily in the equity constituents of the Index. To enhance yield, as well as to mitigate risk and reduce volatility, the Evolve Fund will employ a covered call option writing program at the discretion of the Manager.
Investment Strategy
The Evolve Fund seeks to achieve its investment objective by borrowing cash to invest in and hold a proportionate share of, or a sampling of, the Constituent Securities of the Index in order to track up to approximately 1.25 times the performance of the Index. The Manager believes that option writing may have potential to add value and is an effective way to help lower the level of volatility for an investor and potentially improve returns.
Portfolio Management
| Portfolio Manager |
Evolve Funds Group Inc. |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Evolve Funds Group Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
- |
| 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 | 1.97% |
|---|---|
| Management Fee | 1.60% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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