Key stats
About EVOLVE CANADIAN UTILITIES ENHANCED UNITS UNHEDGED ETF
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Inception date
Sep 3, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Evolve Funds Group, Inc.
The fund utilizes a combination of leverage and covered call strategy. The fund provides 1.25x leveraged exposure to an index comprised of the 10 largest Canadian utilities, pipelines, and telecommunication companies, included in FactSet Sectors: Electric Utilities, Gas Distributors, Water Utilities, Alternative Power Generation, Oil & Gas Pipelines, Major Telecommunications, and Wireless Telecommunications. Stocks are selected based on market cap and are equally weighted. The index is rebalanced quarterly starting in February. The fund manager has the discretion to write covered call options on not more than 33% of its securities, depending on market volatility and other factors. The fund is a geared product that rebalances within two business days if its leverage exceeds 2% above its target leverage of 25%. As such, this is designed as a short-term trading tool and not a long-term investment vehicle.
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
Utilities
Communications
Industrial Services
Stocks124.52%
Utilities38.82%
Communications32.09%
Industrial Services29.08%
Bonds, Cash & Other−24.52%
Rights & Warrants−0.14%
Cash−24.38%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
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
UTES invests in stocks. The fund's major sectors are Utilities, with 48.34% stocks, and Communications, with 39.96% of the basket. The assets are mostly located in the North America region.
UTES top holdings are Rogers Communications Inc. Class B and TELUS Corporation, occupying 13.42% and 13.36% of the portfolio correspondingly.
UTES last dividends amounted to 0.14 CAD. The month before, the issuer paid 0.14 CAD in dividends,
UTES assets under management is 2.12 M CAD. It's risen 67.76% over the last month.
UTES fund flows account for 1.47 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, UTES pays dividends to its holders with the dividend yield of 18.42%. The last dividend (Jun 6, 2025) amounted to 0.14 CAD. The dividends are paid monthly.
UTES shares are issued by Evolve Funds Group, Inc. under the brand Evolve. The ETF was launched on Sep 3, 2024, and its management style is Passive.
UTES follows the Solactive Canada Utility Index - CAD - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
UTES invests in stocks.
and its yearly performance shows a −9.88% decrease. See more dynamics on UTES price chart.
NAV returns, another gauge of an ETF dynamics, showed a 0.35% increase in three-month performance and has increased by 6.74% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 0.35% increase in three-month performance and has increased by 6.74% in a year.
UTES trades at a premium (0.83%) meaning the ETF is trading at a higher price than the calculated NAV.