Evolve Plans to Launch the Evolve All-in-One UltraYield ETF

Executive Summary

• Evolve Funds Group Inc. filed a preliminary prospectus with Canadian securities regulators to list the “Evolve All‑in‑One UltraYield ETF” (ticker EASY) on the Toronto Stock Exchange.
• The ETF will provide leveraged, covered‑call exposure to three underlying ultra‑yield ETFs—BIGY, CANY and INTY—and aims to pay cash distributions at least twice per month.
• Management fee for EASY is 0%; underlying funds charge 0.40%–0.60% of NAV plus applicable taxes.

Key Details

• Prospectus Filing: Preliminary prospectus submitted to securities commissions in all Canadian provinces and territories; final prospectus required before any sale or offer can be made.
• ETF Structure:
• Name: Evolve All‑in‑One UltraYield ETF (EASY)
• Ticker: EASY (TSX)
• Strategy: Modestly levered exposure to a portfolio of global equities via covered‑call option writing; leverage through cash borrowings and/or derivatives.
• Underlying Funds:
• Evolve US Equity UltraYield ETF (BIGY) – management fee 0.40% of NAV + taxes
• Evolve Canadian Equity UltraYield ETF (CANY) – management fee 0.40% of NAV + taxes
• Evolve International Equity UltraYield ETF (INTY) – management fee 0.60% of NAV + taxes
• Distribution Policy: Cash distributions intended to be paid at least twice per month, with the possibility of more frequent payouts at the manager’s discretion.
• Leverage & Risk: Leverage is modest and may be created via cash borrowings or derivatives; leverage increases risk and may affect volatility.
• Management Fee for EASY: 0% (fees are incurred only at the underlying fund level).
• CEO Quote: “We are pleased to announce the filing of a preliminary prospectus for EASY, our All‑In‑One UltraYield ETF… This one‑ticket solution provides exposure to a portfolio of our UltraYield ETFs, initially investing in BIGY, CANY, and INTY.” – Raj Lala, President & CEO, Evolve Funds Group Inc.
• Availability: Preliminary prospectus available on SEDAR+; final prospectus required before any securities can be offered or sold.

Notable Quotes

“We are pleased to announce the filing of a preliminary prospectus for EASY, our All‑In‑One UltraYield ETF,” said Raj Lala, President and CEO at Evolve. “This one‑ticket solution provides exposure to a portfolio of our UltraYield ETFs, initially investing in BIGY, CANY, and INTY.”