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 $10.99 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: +13.18%, 1-year: +53.85%, 3-year annualised: +37.49%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.84, 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 13.41%, 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 Bank of Nova Scotia (BNS, 13.1%), Toronto Dominion Bank (TD, 12.6%), Great-West Lifeco Inc. (GWO, 12.4%), Power Corporation Of Canada (POW, 12.4%), Sun Life Financial Inc. (SLF, 12.3%) — 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%), Energy (0.0%), Utilities (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 $1.32B 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 16.66% and a beta of 0.00 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.84 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
2026-10-01	$11.06	$11.06	$10.78	$10.99	$10.99	1,164,290
2026-09-30	$11.24	$11.25	$11.06	$11.06	$11.06	385,968
2026-09-29	$11.37	$11.37	$11.16	$11.24	$11.24	882,178
2026-09-28	$11.57	$11.64	$11.46	$11.64	$11.64	625,510
2026-09-25	$11.47	$11.57	$11.45	$11.56	$11.56	303,785
2026-09-24	$11.41	$11.45	$11.31	$11.41	$11.41	530,224
2026-09-23	$11.55	$11.62	$11.39	$11.39	$11.39	508,589
2026-09-22	$11.76	$11.77	$11.54	$11.58	$11.58	563,907
2026-09-21	$11.63	$11.72	$11.63	$11.72	$11.72	406,516
2026-09-18	$11.49	$11.56	$11.45	$11.56	$11.56	276,858

#	Ticker	Name	Weight
1	BNS	Bank of Nova Scotia	13.13%
2	TD	Toronto Dominion Bank	12.63%
3	GWO	Great-West Lifeco Inc.	12.43%
4	POW	Power Corporation Of Canada	12.43%
5	SLF	Sun Life Financial Inc.	12.31%
6	RY	Royal Bank of Canada	12.27%
7	MFC	Manulife Financial Corp	12.23%
8	CM	Canadian Imperial Bank Of Commerce	12.12%
9	NA	National Bank of Canada	12.04%

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

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OILU		$59.51	+6.19%
HOU	BetaPro Crude Oil Daily Bull ETF	$26.42	+5.98%
MUU		$19.42	+5.72%
RDDY	Harvest Reddit Enhanced High Income Shares ETF	$4.63	+5.71%
MSTE	Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units	$2.85	+4.40%
CSHI	Ninepoint Constellation Software HighShares ETF	$12.40	+4.11%
HND	BetaPro Natural Gas 2x Daily Bear	$24.40	+4.01%

CIBC Investor's Edge

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

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

ETF Details

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Frequently Asked Questions — BANK

What is BANK?

What is the BANK ETF price today?

What is the BANK MER (management expense ratio)?

What are BANK annualised returns?

Does BANK pay dividends or distributions?

What does BANK invest in?

What sectors does BANK invest in?

How large is BANK? (Assets under management)

When was BANK launched?

How do I buy BANK in Canada?

How risky is BANK?

Recent ETF movers

BANK.TO news timeline

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) has paid dividends for 3+ years

August 2026

July 2024

Period	Return
YTD	+13.18%
1 Year	+53.85%
3 Year (Ann.)	+37.49%
1Y Volatility	16.66%
Sharpe Ratio (3Y)	1.84