Evolve Announces Changes to Risk Rating for Certain Funds
|
Ticker/ Fund Code |
Previous Risk Rating |
New Risk Rating |
|
CYBR.U |
Medium to High |
High |
|
LEAD.U |
Medium |
Medium to High |
Evolve NASDAQ Technology Enhanced Yield Index |
QQQY |
Medium |
Medium to High |
Evolve NASDAQ Technology Enhanced Yield Index |
QQQY.B |
Medium |
Medium to High |
Evolve NASDAQ Technology Enhanced Yield Index |
QQQY.U |
Medium |
Medium to High |
Evolve NASDAQ Technology Enhanced Yield Index |
EVF900 |
Medium |
Medium to High |
Evolve NASDAQ Technology Enhanced Yield Index |
EVF901 |
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
Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to ETFs. Investors may incur customary brokerage commissions in buying or selling ETF units. Please read the prospectus before investing.
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.
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SOURCE Evolve ETFs