Question 1

What is BANK?

Accepted Answer

BANK — Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the BANK ETF price today?

Accepted Answer

BANK last traded at $11.62 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the BANK MER (management expense ratio)?

Accepted Answer

BANK has a management expense ratio (MER) of 60% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time.

Question 4

What are BANK annualised returns?

Accepted Answer

BANK historical returns: YTD: +19.67%, 1-year: +63.33%, 3-year annualised: +34.67%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.71, which measures risk-adjusted return.

Question 5

Does BANK pay dividends or distributions?

Accepted Answer

Yes, BANK distributes income to unitholders. The current distribution yield is approximately 13.00%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does BANK invest in?

Accepted Answer

BANK's top holdings include Great-West Lifeco Inc. (GWO, 13.2%), Power Corporation Of Canada (POW, 12.8%), Royal Bank of Canada (RY, 12.8%), Toronto Dominion Bank (TD, 12.7%), Bank of Montreal (BMO, 12.6%) — and 4 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar CAD O/N Cash GR CAD.

Question 7

What sectors does BANK invest in?

Accepted Answer

BANK's largest sector exposures are Financial Services (100.0%), Basic Materials (0.0%), Consumer Cyclicals (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is BANK? (Assets under management)

Accepted Answer

BANK has approximately $1.12B in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was BANK launched?

Accepted Answer

BANK was launched on February 1, 2022, giving it a 4-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy BANK in Canada?

Accepted Answer

BANK trades on the TSX under the ticker BANK. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is BANK?

Accepted Answer

BANK has a 1-year volatility of 13.18% and a beta of 0.00 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.71 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-06-22	$11.60	$11.67	$11.56	$11.62	$11.62	599,489
2026-06-19	$11.65	$11.72	$11.55	$11.65	$11.65	395,010
2026-06-18	$11.58	$11.63	$11.56	$11.61	$11.61	233,365
2026-06-17	$11.44	$11.55	$11.44	$11.53	$11.53	519,021
2026-06-16	$11.37	$11.44	$11.35	$11.44	$11.44	258,889
2026-06-15	$11.33	$11.35	$11.26	$11.32	$11.32	318,076
2026-06-12	$11.21	$11.28	$11.19	$11.26	$11.26	641,051
2026-06-11	$11.02	$11.16	$11.02	$11.14	$11.14	391,418
2026-06-10	$10.97	$11.04	$10.97	$11.00	$11.00	211,079
2026-06-09	$10.96	$11.03	$10.90	$10.99	$10.99	516,362

#	Ticker	Name	Weight
1	GWO	Great-West Lifeco Inc.	13.20%
2	POW	Power Corporation Of Canada	12.77%
3	RY	Royal Bank of Canada	12.75%
4	TD	Toronto Dominion Bank	12.72%
5	BMO	Bank of Montreal	12.65%
6	BNS	Bank of Nova Scotia	12.35%
7	SLF	Sun Life Financial Inc.	11.96%
8	CM	Canadian Imperial Bank Of Commerce	11.72%
9	MFC	Manulife Financial Corp	11.68%

Sector	Weight
Financial Services	100.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK : TSX)

CIBC Investor's Edge

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund

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Frequently Asked Questions — BANK