TORONTO, Aug. 16,
2024 /CNW/ - Evolve Funds Group Inc. ("Evolve")
announces the following changes to the risk rating of certain funds
(the "Evolve Fund"), as indicated in the table below.
|
Evolve
Fund
|
Ticker/
Fund
Code
|
Previous
Risk
Rating
|
New
Risk
Rating
|
|
Evolve Cyber Security
Index Fund – USD Unhedged
ETF Units (US$)
|
CYBR.U
|
Medium to
High
|
High
|
|
Evolve Future
Leadership Fund – USD Unhedged ETF
Units (US$)
|
LEAD.U
|
Medium
|
Medium to
High
|
|
Evolve NASDAQ
Technology Enhanced Yield Index
Fund – Hedged ETF Units
|
QQQY
|
Medium
|
Medium to
High
|
|
Evolve NASDAQ
Technology Enhanced Yield Index
Fund – Unhedged ETF Units
|
QQQY.B
|
Medium
|
Medium to
High
|
|
Evolve NASDAQ
Technology Enhanced Yield Index
Fund – USD Unhedged ETF Units (US$)
|
QQQY.U
|
Medium
|
Medium to
High
|
|
Evolve NASDAQ
Technology Enhanced Yield Index
Fund – Hedged Class F Mutual Fund Units
|
EVF900
|
Medium
|
Medium to
High
|
|
Evolve NASDAQ
Technology Enhanced Yield Index
Fund – Hedged Class A Mutual Fund Units
|
EVF901
|
Medium
|
Medium to
High
|
|
|
|
|
The investment risk level of an ETF and mutual fund (the "Fund")
is determined in accordance with a standardized risk classification
methodology, set out in National Instrument 81-102 Investment
Funds, that is based on the historical volatility of the Fund, as
measured by the 10-year standard deviation of the returns of the
Fund. If a Fund has less than 10 years of performance history, the
investment risk level of the Fund is calculated using the return
history of the Fund, and, for the remainder of the 10-year period,
the return history of a reference index that is expected to
reasonably approximate the standard deviation of the Fund.
No changes have been made to the investment objectives or
strategies of the Evolve Fund as a result of the changes to the
risk rating. A summary of the risk rating classification
methodology, and the investment objectives and strategies of the
Evolve Fund, can be found in the most recently filed prospectus for
the Evolve Fund, listed above.
Commissions, management fees and expenses all may be
associated with exchange traded funds (ETFs). ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. There are risks involved with investing in ETFs.
Please read the prospectus for a complete description of risks
relevant to ETFs. Investors may incur customary brokerage
commissions in buying or selling ETF units. Please read the
prospectus before investing.
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.
About Evolve Funds Group Inc.
With $7 billion in assets under
management, Evolve is one of Canada's fastest growing ETF providers since
launching its first ETF in September
2017. Evolve specializes in bringing innovative ETFs to
Canadian investors. Evolve's suite of ETFs provide investors with
access to: (i) index-based income strategies; (ii) long term
investment themes; and (iii) some of the world's leading investment
managers. Established by a team of industry veterans with a proven
track record of success, Evolve creates investment products that
make a difference. For more information, please visit
www.evolveetfs.com.
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SOURCE Evolve ETFs
