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 $11.17 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: +15.04%, 1-year: +59.44%, 3-year annualised: +36.64%. 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 12.31%, 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, 13.5%), Power Corporation Of Canada (POW, 13.0%), Bank of Montreal (BMO, 12.7%), Royal Bank of Canada (RY, 12.6%), Sun Life Financial Inc. (SLF, 12.4%) — 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 $1.27B 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
2026-08-20	$11.40	$11.40	$11.11	$11.17	$11.17	1,075,349
2026-08-19	$11.90	$11.90	$11.43	$11.45	$11.45	1,316,015
2026-08-18	$11.95	$11.96	$11.79	$11.85	$11.85	794,722
2026-08-17	$12.00	$12.09	$11.97	$11.97	$11.97	769,041
2026-08-14	$11.95	$12.02	$11.92	$12.02	$12.02	376,904
2026-08-13	$11.92	$12.00	$11.89	$11.94	$11.94	475,109
2026-08-12	$11.78	$11.88	$11.74	$11.87	$11.87	603,277
2026-08-11	$11.86	$11.91	$11.72	$11.73	$11.73	436,658
2026-08-10	$11.80	$11.89	$11.77	$11.84	$11.84	318,647
2026-08-07	$11.86	$11.86	$11.66	$11.79	$11.79	727,369

#	Ticker	Name	Weight
1	GWO	Great-West Lifeco Inc.	13.51%
2	POW	Power Corporation Of Canada	13.01%
3	BMO	Bank of Montreal	12.67%
4	RY	Royal Bank of Canada	12.60%
5	SLF	Sun Life Financial Inc.	12.35%
6	BNS	Bank of Nova Scotia	12.16%
7	MFC	Manulife Financial Corp	12.09%
8	TD	Toronto Dominion Bank	12.00%
9	NA	National Bank of Canada	11.64%

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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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

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Frequently Asked Questions — BANK