TORONTO, April 25,
2023 /CNW/ - Evolve Funds Group Inc. ("Evolve")
announces the following changes to the risk rating of certain funds
(the "Evolve Funds"), as indicated in the table below.
|
Evolve
Funds
|
Ticker/Symbol
|
Previous Risk
Rating
|
New Risk
Rating
|
|
Evolve FANGMA Index ETF
– Hedged ETF Units
|
TECH
|
Medium
|
Medium to
High
|
|
Evolve FANGMA Index ETF
– Unhedged ETF Units
|
TECH.B
|
Medium
|
Medium to
High
|
|
Evolve FANGMA Index ETF
– USD Unhedged ETF Units
|
TECH.U
|
Medium
|
Medium to
High
|
|
Evolve Cloud Computing
Index Fund – Hedged ETF Units
|
DATA
|
Medium
|
Medium to
High
|
|
Evolve Cloud Computing
Index Fund – Unhedged ETF Units
|
DATA.B
|
Medium
|
Medium to
High
|
|
|
|
|
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 rating. A summary of the risk rating classification
methodology, and the investment objectives and strategies of the
Evolve Fund, can be found in the most recently filed prospectus for
the Evolve Funds, listed above.
For further information regarding the Evolve Fund, please
visit www.evolveetfs.com
Commissions, management fees and expenses all may be
associated with exchange traded funds (ETFs) and mutual 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 $5.8 billion in assets
under management, Evolve is one of Canada's fastest growing ETF providers since
launching its first ETF in September
2017. Evolve specializes in bringing innovative ETFs to
Canadian investors. Evolve's suite of ETFs provide investors with
access to: (i) index-based income strategies; (ii) long term
investment themes; 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