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Evolve Active Global Fixed Income Fund - Hedged ETF Units

Multi-Sector Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024

Click for more information on Fundata’s FundGrade

NAVPS
(06-13-2025)
$48.83
Change
-$0.06 (-0.11%)

As at May 31, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Jan 2019May 2019Sep 2019Jan 2020May 2020Sep 2020Jan 2021May 2021Sep 2021Jan 2022May 2022Sep 2022Jan 2023May 2023Sep 2023Jan 2024May 2024Sep 2024Jan 2025May 2025May 2…Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025$9,500$10,000$10,500$11,000$11,500$12,000$12,500Period

Legend

Evolve Active Global Fixed Income Fund - Hedged ETF Units

Compare Options


Fund Returns

Inception Return (November 09, 2018): 2.78%

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 0.74% -0.09% 1.25% 1.11% 5.22% 6.51% 4.87% 2.65% 3.25% 2.63% - - - -
Benchmark -0.45% -1.96% 1.11% 0.44% 8.99% 6.42% 5.63% 1.70% -0.01% 1.20% 2.20% 1.61% 2.20% 2.86%
Category Average 0.50% -0.16% 0.70% 1.56% 5.28% 5.01% - - - - - - - -
Category Rank 93 / 323 91 / 323 90 / 318 181 / 318 205 / 303 121 / 294 77 / 285 65 / 275 93 / 256 98 / 240 - - - -
Quartile Ranking 2 2 2 3 3 2 2 1 2 2 - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.49% 1.21% 0.77% 0.87% -0.12% 0.64% 0.14% 0.47% 0.73% -0.53% -0.29% 0.74%
Benchmark 1.11% 3.56% -0.33% 1.97% 0.33% 0.96% 0.67% 1.41% 1.02% 0.37% -1.88% -0.45%

Best Monthly Return Since Inception

2.73% (April 2020)

Worst Monthly Return Since Inception

-7.49% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - 7.48% 0.78% 1.08% -4.04% 7.76% 5.95%
Benchmark 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25% 9.76%
Category Average - - - - - - - - - 3.89%
Quartile Ranking - - - - 3 4 2 1 2 2
Category Rank - - - - 129/ 233 225/ 255 118/ 268 30/ 277 97/ 294 134/ 303

Best Calendar Return (Last 10 years)

7.76% (2023)

Worst Calendar Return (Last 10 years)

-4.04% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 77.25
Cash and Equivalents 14.82
Mortgages 4.23
Foreign Government Bonds 2.32
International Equity 1.38

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 83.80
Cash and Cash Equivalent 14.82
Industrial Services 0.66
Other 0.72

Geographic Allocation

Geographic Allocation
Name Percent
Europe 67.66
North America 28.01
Latin America 1.88
Multi-National 1.40
Africa and Middle East 1.06
Other -0.01

Top Holdings

Top Holdings
Name Percent
Lloyds Banking Group PLC 8.50% PERP 1.52
CPUK Finance Ltd 5.88% 30-May-2027 1.47
Hammerson PLC 3.50% 27-Jul-2025 1.45
Holmes Master Issuer PLC 4.87% 17-Oct-2072 1.44
Corebridge Global Funding 5.13% 09-Dec-2029 1.44
Skipton Building Society 4.89% 22-Jan-2030 1.44
Walgreens Boots Alliance Inc 3.60% 20-Nov-2025 1.44
ABANCA Corp Bancaria SA 8.38% 23-Sep-2033 1.44
ING Groep NV 3.00% 18-Feb-2026 1.43
Huntington National Bank 5.65% 10-Nov-2029 1.40

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return345678910111213-4%-2%0%2%4%6%8%10%12%

Evolve Active Global Fixed Income Fund - Hedged ETF Units

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 3.62% 3.22% -
Beta 0.39% 0.28% -
Alpha 0.03% 0.03% -
Rsquared 0.35% 0.29% -
Sharpe 0.24% 0.25% -
Sortino 0.73% 0.11% -
Treynor 0.02% 0.03% -
Tax Efficiency 72.29% 60.23% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 1.81% 3.62% 3.22% -
Beta 0.23% 0.39% 0.28% -
Alpha 0.03% 0.03% 0.03% -
Rsquared 0.36% 0.35% 0.29% -
Sharpe 0.87% 0.24% 0.25% -
Sortino 2.05% 0.73% 0.11% -
Treynor 0.07% 0.02% 0.03% -
Tax Efficiency 72.61% 72.29% 60.23% -

Fund Details

Start Date November 09, 2018
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
N/A

Investment Objectives

The investment objective of EARN is to generate positive returns throughout the interest rate and economic cycles, firstly by allocating to different credit asset classes, and also through bottom-up individual security selection. Effective November 1, 2021, the prospectus of EARN is hereby amended to replace references to the 3 month U.S.dollar London Interbank Offered Rate” with the “3 month U.S. dollar Secured Overnight Financing Rate”.

Investment Strategy

To achieve EARN's investment objective, EARN will invest primarily in global debt securities of corporate issuers, and will invest a minimum of 25% of the portfolio in investment grade debt securities which at the time of acquisition have a rating of at least BBB- (Standard & Poor's and Fitch) or of at least Baa3 (Moody's) or the equivalent by another Rating Agency or, if unrated, as determined by the Sub-Advisor, in its discretion, to be of comparable quality.

Portfolio Management

Portfolio Manager

Evolve Funds Group Inc.

Sub-Advisor

Allianz Global Investors GmbH

Management and Organization

Fund Manager

Evolve Funds Group Inc.

Custodian

CIBC Mellon Trust Company

Registrar

TSX Trust Company

Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 0.91%
Management Fee 0.65%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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