Evolve US Equity UltraYield ETF Expected to Begin Trading on September 10, 2025
Evolve US Equity UltraYield ETF Expected to Begin Trading on September 10, 2025 |
[04-September-2025] |
TORONTO, Sept. 4, 2025 /CNW/ - Evolve Funds Group Inc. ("Evolve" or the "Manager") is pleased to announce that it has filed a final prospectus with plans to bring Evolve US Equity UltraYield ETF ("BIGY") to Canadian investors. BIGY is designed to provide investors with modestly levered exposure to a portfolio of leading U.S. companies with a covered call strategy. BIGY is expected to begin trading on the Toronto Stock Exchange ("TSX") on September 10, 2025 under the ticker symbol BIGY (CAD Hedged), subject to TSX approval. BIGY seeks to provide attractive income and long-term capital appreciation by investing in an equal-weighted portfolio of leading U.S. equity securities that have the potential to generate significant option premiums. To enhance yield, as well as to mitigate risk and reduce volatility, BIGY will employ a covered call option writing program at the discretion of the Manager. The level of covered call option writing may vary based on market volatility and other factors. BIGY will use modest leverage in order to seek to achieve its investment objective. The maximum aggregate leverage of BIGY will not exceed approximately 33%, or 1.33x, of its NAV. Leverage will be created through the use of cash borrowings and/or Derivatives, or as otherwise permitted under applicable securities legislation. Cash distributions, if any, on BIGY will be paid at least semi-monthly, with the possibility of more frequent distributions at the Manager's discretion. About Evolve Funds Group Inc. Join us on social media: Twitter | LinkedIn | Facebook | Youtube Evolve Funds Group Inc. is the investment fund manager and portfolio manager. Evolve US Equity UltraYield ETF ("BIGY") will be offered by Evolve Funds Group Inc., and distributed through authorized dealers. The information contained herein is a general description and is not intended to be specific investment advice to any particular investor nor intended to be investment or tax advice. You should not act or rely on the information contained herein without seeking the advice of an appropriate professional advisor. Leverage increases risk. Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. Please read the prospectus before investing.ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law. SOURCE Evolve Funds Group Inc. | ||
Company Codes: Toronto:BIGY |