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Evolve All-in-One UltraYield ETF Begins Trading Today on TSX
EASY · Price
Executive Summary
- Evolve Funds Group Inc. launched the Evolve All‑in‑One UltraYield ETF (ticker EASY) on the Toronto Stock Exchange, commencing trading today.
- The fund will distribute cash twice per month, with the first two distributions of $0.31000 per unit scheduled for April 8 and April 22, 2026.
- EASY employs a covered‑call option writing strategy and modest leverage to target attractive income and long‑term capital appreciation; its management fee is 0%, with underlying fund fees ranging from 0.40% to 0.60%.
Key Details
- ETF Name & Ticker: Evolve All‑in‑One UltraYield ETF (EASY) – trading on TSX.
- Initial Offering: Closed; units now available for secondary market trading.
- Distribution Schedule:
- Ex‑Date/Record Date Mar 31, 2026 → Pay Date Apr 8, 2026 → $0.31000 per unit.
- Ex‑Date/Record Date Apr 15, 2026 → Pay Date Apr 22, 2026 → $0.31000 per unit.
- Distribution Frequency: Anticipated twice monthly, with potential for more frequent payouts at manager’s discretion.
- Investment Strategy:
- Portfolio of global equity securities selected for strong option premium generation.
- Covered‑call option writing program applied at manager’s discretion; level varies with market volatility and other factors.
- Modest leverage via cash borrowings and/or derivatives, as permitted under securities legislation.
- Fees:
- Management fee on EASY: 0% (underlying funds charge fees).
- Underlying fund fees:
- Evolve US Equity UltraYield ETF (BIGY): 0.40% of NAV + taxes.
- Evolve Canadian Equity UltraYield ETF (CANY): 0.40% of NAV + taxes.
- Evolve International Equity UltraYield ETF (INTY): 0.60% of NAV + taxes.
- Assets Under Management: Over $8 billion across Evolve’s suite of ETFs.
Notable Quotes
(No direct quotes were provided in the release.)