ETF Detail - Fund Library

Close (09-13-2024)	$18.21
Change	$0.03 (0.17%)

Open	$18.18
Day Range	$18.18 - $18.18
Volume	460

Closing Price / Volume

Period

Legend

Evolve Active Core Fixed Income Fund - Unhedged ETF Units

Compare Options

Fund Returns

Inception Return (March 28, 2018): 1.77%

Fund Returns
Row Heading	Return				Annualized Return
Row Heading	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	0.35%	3.63%	4.29%	3.10%	8.96%	4.76%	-1.08%	0.07%	1.35%	1.81%	-	-	-	-
Benchmark	0.52%	5.73%	4.16%	2.34%	7.86%	4.00%	-1.22%	-1.35%	-0.01%	1.56%	1.54%	1.13%	1.64%	1.98%
Category Average	0.39%	3.87%	3.87%	2.18%	7.51%	3.78%	-1.65%	-1.59%	-0.28%	1.02%	0.90%	0.63%	1.05%	1.14%
Category Rank	320 / 652	452 / 636	163 / 631	101 / 627	71 / 622	163 / 601	215 / 578	33 / 546	25 / 508	135 / 475	-	-	-	-
Quartile Ranking	2	3	2	1	1	2	2	1	1	2	-	-	-	-

Monthly Return

Monthly Return
Return %	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug
Fund	-2.35%	0.31%	4.21%	3.54%	-1.00%	-0.15%	0.61%	-1.74%	1.80%	1.05%	2.20%	0.35%
Benchmark	-2.62%	0.43%	4.21%	3.42%	-1.36%	-0.40%	0.48%	-1.95%	0.00%	2.98%	2.14%	0.52%

Best Monthly Return Since Inception

5.26% (April 2020)

Worst Monthly Return Since Inception

-5.04% (March 2020)

Calendar Return (%)

Calendar Return
Return %	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Fund	-	-	-	-	-	5.43%	9.40%	0.98%	-12.56%	7.40%
Benchmark	9.10%	3.57%	1.54%	2.70%	1.29%	6.97%	8.61%	-2.71%	-11.46%	6.38%
Category Average	7.06%	1.07%	1.60%	1.96%	-0.34%	6.21%	8.18%	-2.79%	-12.16%	6.16%
Quartile Ranking	-	-	-	-	-	4	1	1	4	1
Category Rank	-	-	-	-	-	417/ 496	110/ 526	11/ 557	470/ 586	97/ 602

Best Calendar Return (Last 10 years)

9.40% (2020)

Worst Calendar Return (Last 10 years)

-12.56% (2022)

Asset Allocation

Asset Allocation
Name	Percent
Canadian Corporate Bonds	47.96
Canadian Government Bonds	35.42
Foreign Corporate Bonds	8.49
Cash and Equivalents	6.64
Canadian Bonds - Other	0.94
Other	0.55

Sector Allocation

Sector Allocation
Name	Percent
Fixed Income	93.25
Cash and Cash Equivalent	6.64
Industrial Services	0.13
Other	-0.02

Geographic Allocation

Geographic Allocation
Name	Percent
North America	93.16
Europe	6.65
Latin America	0.12
Multi-National	0.07

Top Holdings

Top Holdings
Name	Percent
Evolve Active Global Fixed Income Fund ETF (EARN)	10.20
Canada Government 3.50% 01-Mar-2028	5.53
Canada Government 0.25% 01-Mar-2026	4.53
Royal Office Finance LP 5.21% 12-Nov-2032	3.91
Canada Government 3.50% 01-Mar-2034	3.36
55 School Board Trust 5.90% 02-Jun-2033	3.17
Quebec Province 2.85% 01-Dec-2053	3.09
Hospital for Sick Children 5.22% 16-Dec-2049	3.01
Hydro-Quebec 6.00% 15-Feb-2040	2.67
TransCanada Trust 4.65% 18-May-2027	2.45

Equity Style

Fixed Income Style

Average Duration: M. Average Credit Quality: M.

Period:

Risk vs Return (3 Yr)

Evolve Active Core Fixed Income Fund - Unhedged ETF Units

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation	7.17%	6.82%	-
Beta	0.98%	0.99%	-
Alpha	0.00%	0.01%	-
Rsquared	0.92%	0.85%	-
Sharpe	-0.57%	-0.09%	-
Sortino	-0.72%	-0.29%	-
Treynor	-0.04%	-0.01%	-
Tax Efficiency	-	-	-
Volatility			-

Risk Rating

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio	1 Yr	3 Yr	5 Yr	10 Yr
Standard Deviation	6.85%	7.17%	6.82%	-
Beta	0.85%	0.98%	0.99%	-
Alpha	0.02%	0.00%	0.01%	-
Rsquared	0.86%	0.92%	0.85%	-
Sharpe	0.59%	-0.57%	-0.09%	-
Sortino	1.65%	-0.72%	-0.29%	-
Treynor	0.05%	-0.04%	-0.01%	-
Tax Efficiency	82.68%	-	-	-

No data available

Fund Details

Start Date	March 28, 2018
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	$18.20
52 Week Low	$15.90
Annual Dividend	$0.61
Annual Yield	-
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	No

Investment Objectives

Foyston, Gordon & Payne Inc. is retained as sub-advisor. Actively managed with the objective to provide a stable rate of return, through income, and capital appreciation. FIXD seeks to invest primarily in domestic and international high quality fixed income securities and to a lesser extent, adding yield or enhancing returns on the portfolio by investing in international fixed income securities, emerging market debt, preferred shares, convertible bonds and non-investment grade bonds.

Investment Strategy

FIXD will invest primarily in core fixed income securities. The portfolio may also include non-core fixed income securities. Generally, at least 65% of the portfolio will be invested in core fixed income securities at any time. The manager will seek to achieve an average quality rating on all debt securities investment grade quality as rated by FTSE TMX, FTSE TMX Canada Universe Bond Index. Any security that is not rated by a rating agency will be assessed by a portfolio manager.

Portfolio Manager(s)

Name	Start Date
Evolve Funds Group Inc.	04-02-2018
Addenda Capital Inc.	06-19-2020

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	0.68%
Management Fee	0.45%

Evolve Active Core Fixed Income Fund - Unhedged ETF Units (FIXD : NEO)

FundGrade A

FundGrade A+® Rating Recipient