Evolve Canadian Energy Enhanced Yield Index Fund Unhedged ETF Units Trust Units
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Key stats
About Evolve Canadian Energy Enhanced Yield Index Fund Unhedged ETF Units Trust Units
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Inception date
Mar 26, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Evolve Funds Group, Inc.
ISIN
CA30054V1031
The fund offers 1.25x leveraged exposure to the Solactive Canada Energy Top 10 Index, an equal-weighted index of ten Canadian energy companies selected based on market capitalization. The fund includes firms in energy-related industries such as oil and gas production, integrated oil, oil refining/marketing, coal, contract drilling, oilfield services/equipment, and oil and gas pipelines. Due to its very narrow holdings, investors can expect a high level of concentration and volatility in the portfolio. The underlying index rebalances on a quarterly basis while the funds leverage will be rebalanced within two business days of OILYs leverage exceeding 2% above its target leverage of 25% of NAV (i.e., if the leverage is greater than 27% of OILYs NAV). The fund employs a covered call option strategy to enhance yield, mitigate risk, and reduce volatility. Such covered call options will be written by the fund manager at its discretion on up to 100% of the funds value.
Related funds
Classification
What's in the fund
Exposure type
Energy Minerals
Industrial Services
Stock breakdown by region
Top 10 holdings
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
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
OILY trades at 9.33 CAD today, its price has risen 0.21% in the past 24 hours. Track more dynamics on OILY price chart.
OILY net asset value is 9.02 today — it's risen 0.53% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
OILY assets under management is 1.81 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
OILY fund flows account for 864.52 K CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
OILY invests in stocks. See more details in our Analysis section.
Yes, OILY is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, OILY pays dividends to its holders with the dividend yield of 15.08%.
OILY trades at a premium (0.27%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
OILY shares are issued by Evolve Funds Group, Inc.
OILY follows the Solactive Canada Energy Top 10 Index - CAD - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 26, 2025.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.