Toronto, Ontario--(Newsfile Corp. - November 4, 2025) - Evolve Funds Group Inc. ("Evolve" or the "Manager") is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for plans to list the Evolve Big Six Canadian Banks UltraYield Index ETF (TSX: SIXY) ("SIXY" or the "Evolve Fund") on the Toronto Stock Exchange. SIXY aims to offer investors modestly levered exposure to a portfolio of Canada's 'Big Six' banks, Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD), Bank of Montreal (BMO), Scotiabank, Canadian Imperial Bank of Commerce (CIBC), and National Bank of Canada, with a covered call strategy.
"We're excited to announce the filing of a preliminary prospectus for SIXY, the first sector-focused addition to our UltraYield lineup," said Raj Lala, President and CEO at Evolve. "SIXY provides investors with exposure to Canada's Big Six banks, while enhancing yield through a covered call strategy and modest leverage, with distributions paid twice per month."
SIXY seeks to provide exposure to an equal-weighted portfolio of Canadian banks while generating enhanced income through a covered call strategy. The Evolve Fund aims to replicate, to the extent reasonably possible before fees and expenses, up to a 1.33 times multiple of the performance of the Solactive Equal Weight Canada Banks Index, or a successor index. To enhance yield and manage risk, SIXY will employ a covered call option writing program at the discretion of the Manager. The level of covered call option writing may vary based on market conditions.
SIXY will use modest leverage in order to seek to achieve its investment objective. Leverage will be created through the use of cash borrowings and/or Derivatives, or as otherwise permitted under applicable securities legislation.
Cash distributions, if any, on SIXY will be paid at least twice per month, with the possibility of more frequent distributions at the Manager's discretion.
About Evolve Funds Group Inc.
With $8 billion in assets under management, 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 demonstrated ability to succeed, Evolve creates investment products that make a difference. For more information, please visit www.evolveetfs.com.
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Evolve Funds Group Inc. is the investment fund manager and portfolio manager. Evolve Big Six Canadian Banks UltraYield Index ETF ("SIXY") will be offered by Evolve Funds Group Inc., and distributed through authorized dealers.
Leverage increases risk.
A preliminary prospectus containing important information has been filed with the securities commissions or similar authorities in all provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. A copy is available on SEDAR+ (www.sedarplus.ca). There will be no sale or acceptance of an offer to buy the securities until receipt for the final prospectus has been issued by the relevant securities commissions. For more information, visit www.evolveetfs.com.
CONTACT INFORMATIONMEDIA CONTACT
| Evolve ETFs info@evolveetfs.com t. 416.214.4884 tf. 1.844.370.4884 | Keith Crone |
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273045
SOURCE: Evolve ETFs