Evolve to Launch UltraYield ETF March 12 with Bi-Monthly Distributions
Evolve Funds has filed a prospectus to launch the All-in-One UltraYield ETF on March 12, 2026, providing modestly leveraged exposure to US, Canadian and International UltraYield ETFs. The fund charges a 0% management fee and employs a covered-call program with cash distributions paid at least twice monthly.
1. Fund Launch Details
Evolve Funds filed a final prospectus on March 6, 2026 to list the All-in-One UltraYield ETF on the TSX, with trading expected to begin March 12, 2026 under its CAD-hedged ETF units.
2. Investment Strategy
The ETF will hold a portfolio of Evolve’s US Equity, Canadian Equity and International Equity UltraYield ETFs and employ modest leverage through cash borrowings or derivatives, alongside a covered-call option writing program to enhance income.
3. Fee and Distribution Structure
The new fund carries a 0% management fee while underlying ETFs incur fees of 0.40% to 0.60% of net asset value; cash distributions will be paid at least twice per month, with the possibility of more frequent payouts.
4. Manager Background
Evolve Funds Group manages over $8 billion in assets and specializes in innovative ETFs offering index-based income strategies, long-term investment themes and option premium generation through partnerships with leading global managers.