Evolve Big Six Canadian Banks UltraYield Index ETF Begins Trading Today on TSX

Executive Summary

• Evolve Funds Group Inc. announced that its new UltraYield ETF, the Evolve Big Six Canadian Banks UltraYield Index ETF (ticker SIXY), has closed its initial offering and will begin trading on the Toronto Stock Exchange today.
• The fund provides modestly levered exposure to Canada’s six major banks using a covered‑call strategy aimed at delivering high income, with cash distributions slated twice per month (first distribution $0.210 per unit on Dec 22, 2025).
• SIXY seeks to replicate up to 1.33× the performance of the Solactive Equal Weight Canada Banks Index, employing leverage via borrowings and/or derivatives.

Key Details

• Fund Name & Ticker: Evolve Big Six Canadian Banks UltraYield Index ETF – SIXY (TSX).
• Initial Offering Status: Closed; trading commences on TSX as of Dec 2, 2025.
• Investment Objective: Provide modestly levered exposure to Canada’s “Big Six” banks (RBC, TD, BMO, Scotiabank, CIBC, National Bank) with a covered‑call option writing program to enhance yield and manage risk.
• Leverage Target: Up to 1.33× the performance of the Solactive Equal Weight Canada Banks Index (or successor index). Leverage may be achieved through cash borrowings and/or derivatives.
• Distribution Schedule: Cash distributions anticipated twice per month; first distribution details:

• Strategy Highlights:
• Covered‑call option writing at manager’s discretion; level may vary with market conditions.

• Designed for income‑focused investors seeking a single‑ticket solution to bank sector exposure.

• Management Quote: Raj Lala, President & CEO of Evolve, stated the ETF “is built to maximize yield in a single ticket investment solution.”

Notable Quotes

“We are excited to launch SIXY, the first sector focused ETF in our new UltraYield lineup, giving income investors targeted exposure to Canada's Big Six banks,” – Raj Lala, President and CEO, Evolve Funds Group Inc.