Key stats
About EVOLVE S&P 500 ENHANCED YIELD FUND HEDGED ETF UNITS
Expense ratio
0.97%
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Inception date
Jan 9, 2023
The fund seeks long-term capital growth by investing primarily in the constituents of the well-known S&P 500 index which comprises the largest 500 companies in the US, selected by the S&P committee and weighted by market-cap. The fund will employ a sampling strategy, where it may not hold all the securities that comprise the index and instead invest in securities with similar characteristics to the index constituents. To provide additional value and minimize volatility, the fund also employs a covered call options strategy for up to 33% of its portfolio. Derivatives may be utilized in generating additional profit, reducing transaction costs, increasing the liquidity and efficiency of trading, and hedging purposes. The index is rebalanced quarterly.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
ETF
Stock breakdown by region