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Evolve US Banks Enhanced Yield Fund - Unhedged ETF Units (CALL.B : TSX)

Financial Services Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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Fundata ESG GradeA Click for more information on Fundata’s ESG Grade

Fundata ESG Grade A

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Close
(06-14-2024)
$14.74
Change
-$0.12 (-0.81%)
Open -
Day Range - - -
Volume 70

As at May 31, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Legend

Evolve US Banks Enhanced Yield Fund - Unhedged ETF Units

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Fund Returns

Inception Return (October 12, 2017): 3.66%

Fund Returns
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 1.35% 8.74% 22.50% 14.04% 37.51% -2.16% -2.51% 10.22% 4.16% 1.92% - - - -
Benchmark 3.17% 5.16% 15.39% 11.35% 28.12% 13.59% 8.67% 14.13% 8.59% 7.65% 7.61% 9.40% 7.76% 9.07%
Category Average 2.98% 15.74% 15.74% 8.22% 24.15% 6.46% 3.86% 14.06% 8.61% 7.01% 7.58% 8.84% 7.52% 8.15%
Category Rank 73 / 75 6 / 75 6 / 74 9 / 74 7 / 71 52 / 58 48 / 55 37 / 50 41 / 50 42 / 47 - - - -
Quartile Ranking 4 1 1 1 1 4 4 3 4 4 - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 2.49% 11.79% -6.07% -2.79% -3.09% 10.71% 7.41% 2.39% 2.43% 8.21% -0.84% 1.35%
Benchmark 2.93% 4.62% -0.85% -2.45% -0.85% 7.51% 3.63% 1.30% 4.53% 3.76% -1.77% 3.17%

Best Monthly Return Since Inception

15.77% (February 2021)

Worst Monthly Return Since Inception

-28.34% (March 2023)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - -11.21% 26.25% -9.92% 35.07% -14.59% -11.66%
Benchmark 14.35% 14.20% 6.34% 15.24% -4.99% 19.43% -5.24% 22.05% -5.68% 13.41%
Category Average 10.01% 6.19% 11.10% 15.65% -8.72% 20.37% 0.17% 28.60% -10.67% 9.26%
Quartile Ranking - - - - 4 2 4 1 3 4
Category Rank - - - - 34/ 44 14/ 48 44/ 50 12/ 55 40/ 55 63/ 64

Best Calendar Return (Last 10 years)

35.07% (2021)

Worst Calendar Return (Last 10 years)

-14.59% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 99.09
Cash and Equivalents 0.91
Foreign Corporate Bonds 0.00

Sector Allocation

Sector Allocation
Name Percent
Financial Services 99.23
Cash and Cash Equivalent 0.91
Fixed Income 0.00
Other -0.14

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Goldman Sachs Group Inc 6.99
Bank of America Corp 6.66
First Citizens BancShares Inc Delaware - Comn Cl A 6.60
Citigroup Inc 6.42
JPMorgan Chase & Co 6.38
M&T Bank Corp 6.31
Wells Fargo & Co 6.27
PNC Financial Services Group Inc 6.24
Citizens Financial Group Inc 6.14
Huntington Bancshares Inc 6.13

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Evolve US Banks Enhanced Yield Fund - Unhedged ETF Units

Median

Other - Financial Services Equity

3 Yr Annualized

Standard Deviation 25.15% 26.92% -
Beta 1.40% 1.42% -
Alpha -0.12% -0.06% -
Rsquared 0.56% 0.68% -
Sharpe -0.08% 0.22% -
Sortino -0.11% 0.24% -
Treynor -0.01% 0.04% -
Tax Efficiency - 18.41% -
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 -

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 19.66% 25.15% 26.92% -
Beta 1.59% 1.40% 1.42% -
Alpha -0.07% -0.12% -0.06% -
Rsquared 0.73% 0.56% 0.68% -
Sharpe 1.48% -0.08% 0.22% -
Sortino 3.95% -0.11% 0.24% -
Treynor 0.18% -0.01% 0.04% -
Tax Efficiency 86.59% - 18.41% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date October 12, 2017
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -
52 Week High $15.87
52 Week Low $10.95
Annual Dividend $1.50
Annual Yield -
Index Solactive Equal Weight US Bank Index
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy Yes

Investment Objectives

The Fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Equal Weight US Bank Index PR, while mitigating downside risk, writing covered call options on up to 33% of the portfolio securities.

Investment Strategy

Fund seeks to hold the constituent securities of the applicable Index in approximately the same proportion as they are reflected in the Index. Covered call options will be written by the Manager at its discretion on not more than 33% of the equity securities of the portfolio.

Portfolio Manager(s)

Name Start Date
Evolve Funds Group Inc. 06-18-2020

Management and Organization

Fund Manager Evolve Funds Group Inc.
Advisor Evolve Funds Group Inc.
Custodian CIBC Mellon Trust Company
Registrar TSX Trust Company
Distributor -
Auditor Ernst & Young LLP

Fees

MER 0.67%
Management Fee 0.45%

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