Key stats
About EVOLVE S&P 500 ENHANCED YIELD FUND HEDGED ETF UNITS
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Inception date
Jan 9, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
Evolve Funds Group, Inc.
The fund seeks long-term capital growth by investing primarily in the constituents of the well-known S&P 500 index which comprises the largest 500 companies in the US, selected by the S&P committee and weighted by market-cap. 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 also employs a covered call options strategy for up to 33% of its portfolio. Derivatives may be utilized in generating additional profit, reducing transaction costs, increasing the liquidity and efficiency of trading, and hedging purposes. The index is rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
ETF
Stocks74.98%
Electronic Technology15.76%
Technology Services15.75%
Finance11.38%
Retail Trade5.93%
Health Technology5.76%
Consumer Non-Durables2.98%
Producer Manufacturing2.51%
Consumer Services2.28%
Utilities1.89%
Consumer Durables1.86%
Energy Minerals1.75%
Transportation1.54%
Process Industries1.12%
Health Services1.10%
Commercial Services0.77%
Communications0.74%
Industrial Services0.70%
Distribution Services0.52%
Non-Energy Minerals0.34%
Miscellaneous0.03%
Bonds, Cash & Other25.02%
ETF24.87%
Cash0.52%
Rights & Warrants−0.36%
Stock breakdown by region
North America98.08%
Europe1.92%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ESPX invests in stocks. The fund's major sectors are Electronic Technology, with 15.81% stocks, and Technology Services, with 15.81% of the basket. The assets are mostly located in the North America region.
ESPX top holdings are iShares Core S&P 500 ETF and Microsoft Corporation, occupying 24.87% and 5.11% of the portfolio correspondingly.
ESPX last dividends amounted to 0.23 CAD. The month before, the issuer paid 0.23 CAD in dividends,
ESPX assets under management is 95.48 M CAD. It's risen 7.76% over the last month.
ESPX fund flows account for 24.35 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.
Yes, ESPX pays dividends to its holders with the dividend yield of 8.99%. The last dividend (Jun 6, 2025) amounted to 0.22 CAD. The dividends are paid monthly.
ESPX shares are issued by Evolve Funds Group, Inc. under the brand Evolve. The ETF was launched on Jan 9, 2023, and its management style is Passive.
ESPX expense ratio is 0.97% meaning you'd have to pay 0.97% of your investment to help manage the fund.
ESPX follows the S&P 500. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ESPX invests in stocks.
ESPX price has risen by 4.72% over the last month, and its yearly performance shows a 0.81% increase. See more dynamics on ESPX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.25% over the last month, showed a −2.82% decrease in three-month performance and has increased by 8.49% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.25% over the last month, showed a −2.82% decrease in three-month performance and has increased by 8.49% in a year.
ESPX trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.