Evolve Canadian Utilities Enhanced Yield Index Fund ETF

TSX:UTESCanada

The Evolve Fund seeks to replicate, to the extent reasonably possible before fees and expenses, up to a 1.25 times multiple of the performance of the Solactive Canada Utility Index, or any successor thereto (the “Index”), while mitigating downside risk. The Evolve Fund invests primarily in the equity constituents of the Index. To enhance yield, as well as to mitigate risk and reduce volatility, the Evolve Fund will employ a covered call option writing program at the discretion of the Manager. In order to achieve its investment objective and to obtain direct or indirect exposure to the Constituent Securities of the Index, the Evolve Fund may hold the Constituent Securities of the Index in approximately the same proportion as they are reflected in the Index or may hold securities of one or more exchange traded funds that replicate the performance of the Index, or a subset of the Index.