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 $11.85 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: +22.04%, 1-year: +68.87%, 3-year annualised: +35.27%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.77, 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 12.14%, 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, 13.4%), Royal Bank of Canada (RY, 12.8%), Bank of Montreal (BMO, 12.8%), Toronto Dominion Bank (TD, 12.6%), Bank of Nova Scotia (BNS, 12.5%) — 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 $1.30B 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 14.18% and a beta of 0.00 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.77 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
2026-07-31	$11.85	$11.93	$11.80	$11.85	$11.85	510,500
2026-07-30	$11.78	$11.95	$11.78	$11.93	$11.93	722,412
2026-07-29	$12.07	$12.07	$11.67	$11.71	$11.71	1,610,967
2026-07-28	$11.96	$12.12	$11.87	$12.12	$12.12	322,777
2026-07-27	$12.00	$12.03	$11.87	$11.98	$11.98	378,999
2026-07-24	$11.84	$11.96	$11.81	$11.92	$11.92	344,204
2026-07-23	$11.83	$11.83	$11.71	$11.78	$11.78	584,164
2026-07-22	$11.89	$12.00	$11.88	$11.91	$11.91	192,442
2026-07-21	$11.87	$11.91	$11.77	$11.89	$11.89	801,797
2026-07-20	$12.12	$12.13	$11.81	$11.83	$11.83	1,039,316

#	Ticker	Name	Weight
1	GWO	Great-West Lifeco Inc.	13.43%
2	RY	Royal Bank of Canada	12.83%
3	BMO	Bank of Montreal	12.83%
4	TD	Toronto Dominion Bank	12.60%
5	BNS	Bank of Nova Scotia	12.47%
6	POW	Power Corporation Of Canada	12.37%
7	SLF	Sun Life Financial Inc.	12.07%
8	NA	National Bank of Canada	11.71%
9	CM	Canadian Imperial Bank Of Commerce	11.60%

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%

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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