EVOLVE CLOUD COMPUTING INDEX FD HEDGED ETF UNITSEVOLVE CLOUD COMPUTING INDEX FD HEDGED ETF UNITSEVOLVE CLOUD COMPUTING INDEX FD HEDGED ETF UNITS

EVOLVE CLOUD COMPUTING INDEX FD HEDGED ETF UNITS

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Key stats

Assets under management (AUM)
‪16.65 M‬CAD
Fund flows (1Y)
‪−3.98 M‬CAD
Dividend yield (indicated)
0.50%
Discount/Premium to NAV
−0.2%

About EVOLVE CLOUD COMPUTING INDEX FD HEDGED ETF UNITS

Issuer
Evolve Funds Group, Inc.
Brand
Evolve
Expense ratio
0.89%
Inception date
Jan 6, 2021
Index tracked
Solactive Global Cloud Computing Index - CAD
Management style
Passive
The fund seeks to emulate the performance of the Solactive Global Cloud Computing Index, representing companies in cloud computing across developed markets. The index starts from a universe of small-, mid-, and large-cap companies that may be classified within defined industry groups, industries and sub-industries related to cloud computing under the FactSet Revere Business Industry Classification System (RBICS). Security selection is based on minimum market-cap and average daily traded value requirements where all eligible securities ranking at the top of each sub-industry chosen. The top 50 securities by market-cap are selected for the index. Additionally, a specific rule is mentioned where the security with the largest share class market-cap for the sub-industry Internet Department Stores must be included. Constituents are weighted according to their share class market capitalization with a 7.5% cap placed on individual securities. This is to ensure diversification and to limit overconcentration.

Classification

Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Internet
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Market cap
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Stock breakdown by region
1%97%1%
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