Toronto’s Evolve Funds Group Inc. Files Prospectus for New ETF
Toronto, August 21, 2025 – Evolve Funds Group Inc. has officially submitted its provisional prospectus to Canadian securities regulators for the Evolve US Equity Ultrayield ETF, also known as “Biggie.” This fund aims to offer Canadian investors exposure to major US companies while employing a targeted call strategy.
“Our goal is to meet the diverse needs of our clients,” said Raj Lala, president and CEO of Evolve. “Biggie is tailored to respond to the growing demand for income among Canadian investors by letting them invest in large US firms that provide improved yields through specific call strategies.
Biggie is designed to deliver both attractive income and potential long-term capital appreciation. It will invest in a balanced portfolio of top US equity securities that may generate considerable option premiums. To enhance yields, mitigate risk, and limit volatility, the fund will utilize a covered call option writing program, managed at the discretion of the Evolve team. The level of call options written could fluctuate based on market conditions and other influencing factors.
The fund will make use of moderate leverage to strive for its investment objectives, with a maximum leverage cap set at approximately 33%—or 1.33 times the net asset value (NAV). This leverage can be achieved through cash borrowing, derivatives, or other methods permitted under current securities laws.
If distributions are made, they will occur at least semi-monthly, although the frequency might be adjusted based on the manager’s preference.
Evolve Fund Details
| Evolve Fund | Ticker Symbol | ||
| Hedged ETF Units | Unhedged ETF Units | USD Unhedged ETF Unit | |
| Evolve US Equity Ultrayield ETF | Biggie | Bigy.B | gigy.u |
About Evolve Funds Group Inc.
Evolve manages over $7 billion in assets and specializes in creating innovative ETFs for Canadian investors. Their range includes index-based income strategies, long-term investment themes, and products from some leading investment managers. Founded by seasoned industry professionals, Evolve aims to develop impactful investment solutions.
For further details, visit www.evolveetfs.com.
Please note: Leverage increases risk.
A preliminary prospectus with essential information has been filed with provincial and regional securities commissions in Canada. This document is still subject to changes or revisions. Copies are available at Sedar+ (www.sedarplus.ca). No sales will occur until a final prospectus receipt is issued by the relevant Securities Commission.
Statements in this announcement may include forward-looking information under Canadian securities law. Such statements may involve expectations regarding future financial results and other matters. Actual outcomes may differ significantly. Evolve is under no obligation to publicly update these statements unless required by law.
