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.
Evolve
Funds
|
Ticker/Symbol
|
Previous Risk
Rating
|
New Risk
Rating
|
Evolve US Banks
Enhanced Yield Fund –
Unhedged ETF
Units
|
CALL.B
|
Medium to
High
|
High
|
Evolve Automobile
Innovation Index Fund –
Unhedged ETF
Units
|
CARS.B
|
Medium to
High
|
High
|
Evolve Cyber Security
Index Fund –
Hedged ETF
Units
|
CYBR
|
Medium
|
Medium to
High
|
Evolve Cyber Security
Index Fund –
Hedged Class A Mutual
Fund Units
|
EVF151
|
Medium
|
Medium to
High
|
Evolve Cyber Security
Index Fund –
Hedged Class F Mutual
Fund Units
|
EVF150
|
Medium
|
Medium to
High
|
Evolve Active
Canadian Preferred Share Fund –
Unhedged ETF
Units
|
DIVS
|
Low to
Medium
|
Medium
|
Evolve Active
Canadian Preferred Share Fund –
Unhedged Class A
Mutual Fund Units
|
EVF101
|
Low to
Medium
|
Medium
|
Evolve Active
Canadian Preferred Share Fund –
Unhedged Class F
Mutual Fund Units
|
EVF100
|
Low to
Medium
|
Medium
|
|
|
|
|
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