EVOLVE EURO BKS ENHANCED YIELD ETF UNIT HEDGEDEVOLVE EURO BKS ENHANCED YIELD ETF UNIT HEDGEDEVOLVE EURO BKS ENHANCED YIELD ETF UNIT HEDGED

EVOLVE EURO BKS ENHANCED YIELD ETF UNIT HEDGED

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Key stats


Assets under management (AUM)
‪25.06 M‬CAD
Fund flows (1Y)
‪21.10 M‬CAD
Dividend yield (indicated)
12.28%
Discount/Premium to NAV
6.6%
Shares outstanding
‪1.85 M‬
Expense ratio
1.47%

About EVOLVE EURO BKS ENHANCED YIELD ETF UNIT HEDGED


Issuer
Evolve Funds Group, Inc.
Brand
Evolve
Inception date
Jan 7, 2022
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
Solactive European bank Top 20 Equal weight Index Canadian Dollar hedged - CAD - Benchmark TR Net Hedged
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Evolve Funds Group, Inc.
The fund aims to provide exposure to the largest banking companies in the developed European countries, which includes major and regional banks. It tracks an index representing the largest 20 banks in the developed European region, selected via market-cap and weighted equally. 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 employs a covered call options strategy on up to 33% of its portfolio. Although the fund primarily invests in common stocks, it can also hold equity-related securities including, but not limited to, convertible debt, income trust units, single issuer equity options, preferred shares and warrants, as well as cash and cash equivalents. The index rebalances on a quarterly basis in February, May, August and November.

Broaden your horizons with more funds linked to EBNK via country, focus, and more.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Banks
Strategy
Equal
Geography
Developed Europe
Weighting scheme
Equal
Selection criteria
Market cap
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
EBNK trades at 13.62 CAD today, its price has fallen −3.88% in the past 24 hours. Track more dynamics on EBNK price chart.
EBNK net asset value is 13.30 today — it's fallen 0.78% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
EBNK assets under management is ‪25.06 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
EBNK price has fallen by −2.01% over the last month, and its yearly performance shows a 23.93% increase. See more dynamics on EBNK price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.78% over the last month, have fallen by −0.78% over the last month, showed a 2.31% increase in three-month performance and has increased by 38.82% in a year.
EBNK fund flows account for ‪21.10 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
EBNK invests in stocks. See more details in our Analysis section.
EBNK expense ratio is 1.47%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, EBNK isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, EBNK technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EBNK shows the buy signal. See more of EBNK technicals for a more comprehensive analysis.
Yes, EBNK pays dividends to its holders with the dividend yield of 12.28%.
EBNK trades at a premium (6.58%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
EBNK shares are issued by Evolve Funds Group, Inc.
EBNK follows the Solactive European bank Top 20 Equal weight Index Canadian Dollar hedged - CAD - Benchmark TR Net Hedged. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 7, 2022.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.