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Evolve Global Healthcare Enhanced Yield Fund Hedged Class A

Sector Equity

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

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

NAVPS
(07-19-2024)
$18.71
Change
$0.16 (0.87%)

As at June 30, 2024

As at June 30, 2024

As at February 29, 2024

Period
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Legend

Evolve Global Healthcare Enhanced Yield Fund Hedged Class A

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Fund Returns

Inception Return (July 07, 2020): 7.36%

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 1.83% 0.45% 7.93% 7.93% 9.76% 7.81% 5.78% - - - - - - -
Benchmark -1.42% -0.53% 6.05% 6.05% 12.13% 11.27% 5.98% 12.35% 9.28% 8.36% 8.65% 8.95% 7.89% 6.95%
Category Average 3.66% 13.59% 13.59% 13.59% 21.42% 20.53% 3.94% 10.80% 11.52% 10.89% 11.56% 12.39% 10.80% 11.93%
Category Rank 123 / 191 123 / 190 118 / 189 118 / 189 130 / 181 122 / 155 56 / 141 - - - - - - -
Quartile Ranking 3 3 3 3 3 4 2 - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund -0.61% 1.04% -2.10% -4.30% 4.31% 3.62% 4.03% 0.87% 2.39% -4.17% 2.94% 1.83%
Benchmark 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42%

Best Monthly Return Since Inception

8.06% (October 2022)

Worst Monthly Return Since Inception

-6.78% (August 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 18.13% -0.62% 2.99%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 17.30% 16.21% -0.43% 20.39% 1.55% 22.37% 29.99% 15.34% -25.24% 26.53%
Quartile Ranking - - - - - - - 2 1 3
Category Rank - - - - - - - 57/ 132 25/ 149 108/ 161

Best Calendar Return (Last 10 years)

18.13% (2021)

Worst Calendar Return (Last 10 years)

-0.62% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 63.64
International Equity 35.29
Cash and Equivalents 1.07

Sector Allocation

Sector Allocation
Name Percent
Healthcare 94.40
Consumer Goods 4.69
Cash and Cash Equivalent 1.07
Other -0.16

Geographic Allocation

Geographic Allocation
Name Percent
North America 64.71
Europe 35.33
Other -0.04

Top Holdings

Top Holdings
Name Percent
Eli Lilly and Co 5.62
Vertex Pharmaceuticals Inc 5.49
Amgen Inc 5.45
Intuitive Surgical Inc 5.38
Novartis AG - ADR 5.30
AstraZeneca PLC - ADR 5.29
Novo Nordisk A/S - ADR 5.27
Roche Holding AG - ADR 5.26
Pfizer Inc 5.06
Abbvie Inc 4.93

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 Global Healthcare Enhanced Yield Fund Hedged Class A

Median

Other - Sector Equity

3 Yr Annualized

Standard Deviation 12.90% - -
Beta 0.66% - -
Alpha 0.02% - -
Rsquared 0.47% - -
Sharpe 0.27% - -
Sortino 0.40% - -
Treynor 0.05% - -
Tax Efficiency - - -
Volatility Volatility rating is 7 on a scale of 1 to 10 - -

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.45% 12.90% - -
Beta 0.66% 0.66% - -
Alpha 0.02% 0.02% - -
Rsquared 0.54% 0.47% - -
Sharpe 0.48% 0.27% - -
Sortino 1.00% 0.40% - -
Treynor 0.08% 0.05% - -
Tax Efficiency 55.61% - - -

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 July 07, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
EVF171

Investment Objectives

LIFE seeks to replicate, to the extent reasonably possible before fees and expenses, the performance of the Solactive Global Healthcare 20 Index Canadian Dollar Hedged, or any successor thereto, while mitigating downside risk. LIFE invests primarily in the equity constituents of the Solactive Global Healthcare 20 Index Canadian Dollar Hedged, or any successor thereto, while writing covered call options on up to 33% of the portfolio securities, at the discretion of the Manager.

Investment Strategy

In order to achieve its investment objective and to obtain direct or indirect exposure to the Constituent Securities of the applicable Index, each Evolve Fund may hold the Constituent Securities of the applicable Index in approximately the same proportion as they are reflected in that Index or may hold securities of one or more exchange traded funds that replicate the performance of the applicable Index, or a subset of such Index.

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

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 0
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.80%
Management Fee 1.45%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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