TORONTO, Aug. 18, 2020 /CNW/ - Evolve Funds Group Inc. ("Evolve") announces the following changes to the risk ratings of certain funds (the "Evolve Funds"), as indicated in the table below.
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Evolve Funds
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Ticker/Symbol
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Previous Risk Rating
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New Risk Rating
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Evolve US Banks Enhanced Yield Fund –
Unhedged ETF Units
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CALL.B
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Medium to High
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High
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Evolve Automobile Innovation Index Fund –
Unhedged ETF Units
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CARS.B
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Medium to High
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High
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Evolve Cyber Security Index Fund –
Hedged ETF Units
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CYBR
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Medium
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Medium to High
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Evolve Cyber Security Index Fund –
Hedged Class A Mutual Fund Units
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EVF151
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Medium
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Medium to High
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Evolve Cyber Security Index Fund –
Hedged Class F Mutual Fund Units
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EVF150
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Medium
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Medium to High
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Evolve Active Canadian Preferred Share Fund –
Unhedged ETF Units
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DIVS
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Low to Medium
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Medium
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Evolve Active Canadian Preferred Share Fund –
Unhedged Class A Mutual Fund Units
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EVF101
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Low to Medium
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Medium
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Evolve Active Canadian Preferred Share Fund –
Unhedged Class F Mutual Fund Units
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EVF100
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Low to Medium
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Medium
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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 Funds as a result of the changes to the risk ratings. A summary of the risk rating classification methodology, and the investment objectives and strategies of the Evolve Funds, can be found in the most recently filed prospectus for the Evolve Funds, listed above.
For further information regarding the Evolve Funds, please visit www.evolveetfs.com
Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds (funds). ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus for a complete description of risks relevant to ETFs and mutual funds. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Please read the prospectus before investing.
About Evolve Funds Group Inc.
With over $1 billion in assets under management, Evolve is one of Canada's fastest growing ETF providers since launching its first ETF via the Toronto Stock Exchange in September 2017. Evolve is a leader in thematic ETFs and specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) long term investment themes; (ii) index-based income strategies; 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
View original content: http://www.newswire.ca/en/releases/archive/August2020/18/c0169.html
Evolve Funds Group Inc., info@evolveetfs.com, tf. 1.844.370.4884; MEDIA CONTACT: Keith Crone, kcrone@evolveetfs.com, 416.966.8716Copyright CNW Group 2020