TORONTO, July 6, 2023
/CNW/ - Evolve Funds Group Inc. ("Evolve") is pleased to
announce the launch of Evolve S&P 500® Enhanced Yield Fund USD
Unhedged ETF Units ("ESPX.U") which has closed initial
offering of units and will begin trading on the Toronto Stock
Exchange ("TSX") today under the ticker symbol:
ESPX.U.
ESPX.U seeks to provide long-term capital growth by
replicating, net of fees and expenses, the performance of the
S&P 500® Index, or any successor thereto, while mitigating
downside risk. ESPX.U invests primarily in the equity
constituents of the S&P 500® Index, or any successor thereto,
while writing covered call options on up to 33% of the portfolio,
at the discretion of the Manager. The level of covered call option
writing may vary based on market volatility and other factors.
About Evolve Funds Group
Inc.
With over $6.3 billion in assets
under management, Evolve is one of Canada's fastest growing ETF providers since
launching its first ETF 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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Commissions, trailing commissions, management fees and
expenses all may be associated with exchange traded funds (ETFs)
and mutual funds. Please read the prospectus before investing.
There are risks involved with investing in ETFs and mutual funds.
Please read the prospectus for a complete description of risks
relevant to the ETF and mutual fund. Investors may incur customary
brokerage commissions in buying or selling ETF and mutual fund
units. Investors should monitor their holdings, as frequently as
daily, to ensure that they remain consistent with their investment
strategies.
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian
securities laws. Forward-looking information may relate to a future
outlook and anticipated distributions, events or results and may
include statements regarding future financial performance. In some
cases, forward-looking information can be identified by terms such
as "may", "will", "should", "expect", "anticipate", "believe",
"intend" or other similar expressions concerning matters that are
not historical facts. Actual results may vary from such
forward-looking information. Evolve undertakes no obligation to
update publicly or otherwise revise any forward-looking statement
whether as a result of new information, future events or other such
factors which affect this information, except as required by
law.
The S&P 500® Index and the S&P/TSX 60 Index are
each a product of S&P Dow Jones Indices LLC or its
affiliates ("SPDJI"), and has been licensed for use by
the Evolve Funds. S&P® and S&P 500® are
trademarks of S&P Global, Inc. or its affiliates
("S&P"); Dow Jones® is a registered trademark of Dow
Jones Trademark Holdings LLC ("Dow Jones"). It is not
possible to invest directly in an index. The Evolve Funds are
not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones,
S&P, any of their respective affiliates (collectively,
"S&P Dow Jones Indices"). S&P Dow Jones Indices
does not make any representation or warranty, express or
implied, to the owners of the Evolve Funds or any member of the
public regarding the advisability of investing in securities
generally or in the Evolve Funds particularly or the ability of the
S&P 500® Index and the S&P/TSX 60 Index to track
general market performance. Past performance of an index is
not an indication or guarantee of future results. S&P Dow Jones
Indices' only relationship to the Evolve Funds with respect to the
S&P 500® Index and the S&P/TSX 60 Index is the
licensing of the Indexes and certain trademarks, service marks
and/or trade names of S&P Dow Jones Indices and/or its
licensors. The S&P 500® Index and the S&P/TSX 60
Index are determined, composed and calculated by S&P Dow
Jones Indices without regard to the Evolve Funds. S&P Dow
Jpones Indices have no obligation to take the needs of the
Evolve Funds or the owners of the Evolve Funds into
consideration in determining, composing or calculating the
S&P 500® Index and the S&P/TSX 60 Index. S&P
Dow Jones Indices has no obligation or liability in connection
with the administration, marketing or trading of the Evolve
Funds. There is no assurance that investment products based
on the S&P 500® Index or the S&P/TSX 60 Index will
accurately track index performance or provide positive investment
returns. S&P Dow Jones Indices LLC is not an "investment
adviser, commodity trading advisory, commodity pool operator,
broker dealer, fiduciary, promoter" (as defined in the Investment
Company Act of 1940, as amended), "expert" as enumerated within 15
U.S.C. s. 77k(a) or tax
advisor. Inclusion of a security, commodity,
crypto currency or other asset within an index is not
a recommendation by S&P Dow Jones Indices to buy, sell, or hold
such security, commodity, crypto currency or other
asset, nor is it considered to be investment advice or commodity
trading advice.
S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY,
ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE
S&P 500® INDEX AND THE S&P/TSX 60 INDEX OR
ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT
LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC
COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES
INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR
ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES
INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY
DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY THE
EVOLVE FUNDS, THE OWNERS OF THE EVOLVE FUNDS, OR
ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500® INDEX
AND THE S&P/TSX 60 INDEX OR WITH RESPECT TO ANY DATA
RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO
EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY
INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES
INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST
TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBLITY
OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR
OTHERWISE. S&P DOW JONES INDICES HAS NOT REVIEWED,
PREPARED AND/OR CERTIFIED ANY PORTION OF, NOR DOES S&P DOW
JONES INDICES HAVE ANY CONTROL OVER, THE LICENSEE PRODUCT
REGISTRATION STATEMENT, PROSPECTUS OR OTHER OFFERING MATERIALS.
THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR
ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND THE
EVOLVE FUNDS OTHER THAN THE LICENSORS OF S&P DOW
JONES INDICES.
SOURCE Evolve ETFs