Description

The Evolve US Banks Enhanced Yield Fund (CALL) aims to deliver investment returns comparable to the Solactive Equal Weight US Bank Index Canadian Dollar Hedged, with an emphasis on mitigating potential losses. Its primary investment approach involves holding the equity securities that constitute this specific index. Furthermore, the fund employs a strategy of selling covered call options on a portion of its holdings, specifically up to 33% of the portfolio, a decision made at the fund manager's discretion. The actual volume of covered call options written can vary, depending on factors such as market volatility and other relevant conditions.