Key stats
About EVOLVE GBL MATRLS & MNG ENHCD YLD HEDGED ETF UNITS
Issuer
Evolve Funds Group, Inc.
Brand
Evolve
Expense ratio
1.05%
Home page
Inception date
Jun 12, 2019
Index tracked
Solactive Materials & Mining Index CAD Hedged - CAD
Management style
Passive
ISIN
CA30053C1068
The fund is passively managed to provide exposure to stocks from anywhere in the world that are engaged in metals and materials. Using FactSets RBICS, the fund selects companies identified as mining and mineral products, coal and uranium mining, and diversified specialty/performance chemicals makers. 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 fund uses a sampling method in tracking the index, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. The index is and reviewed quarterly, assigning equal weights for each eligible security.
Classification
Asset Class
Equity
Category
Sector
Focus
Materials
Niche
Metals & mining
Strategy
Buy-write
Weighting scheme
Equal
Selection criteria
Market cap
What's in the fund
Exposure type
Non-Energy Minerals
Process Industries
Stock breakdown by region