23:30:21 EDT Sat 17 Aug 2019
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Evolve North American Gender Diversity Index
Symbol C : HERS
Shares Issued 100,000
Close 2019-04-02 C$ 21.67
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Evolve notes changes to risk ratings of its ETFs

2019-04-05 14:59 ET - News Release

See News Release (C-CALL) Evolve US Banks Enhanced Yield ETF

Mr. Keith Crone reports


Certain Evolve Funds Group Inc. exchange-traded funds' risk ratings have been changed.

The risk rating for Evolve Cyber Security Index Fund (CYBR.B) decreased from "medium to high" to "medium." The risk rating for the Evolve North American Gender Diversity Index Fund (HERS.B) decreased from "medium" to "low to medium." The risk rating for the Evolve Automobile Innovation Index Fund (CARS, CARS.U) increased from "medium to high" to "high." The risk rating for the Evolve U.S. Banks Enhanced Yield Fund (CALL) increased from "medium to high" to "high."

The investment risk level of an ETF is determined in accordance with a standardized risk classification methodology set out in National Instrument 81-102 Investment Funds, that is based on the historical volatility of the ETF, as measured by the 10-year standard deviation of the returns of the ETF. If an ETF has less than 10 years of performance history, the investment risk level of the ETF is calculated using the return history of the ETF, and, for the remainder of the 10-year period, the return history of a reference index that is expected to reasonably approximate the standard deviation of the ETF.

No changes have been made to the investment objectives or strategies of these ETFs as a result of the changes to the risk ratings. A summary of the risk rating classification methodology, and the investment objectives and strategies of these ETFs, can be found in the most recently filed prospectus for CYBR.B, HERS.B, CARS, CARS.U and CALL.

About Evolve Funds Group Inc.

Evolve is one of Canada's fastest-growing exchange-traded fund providers, having launched its first suite of exchange-traded funds via the Toronto Stock Exchange in September, 2017. Evolve is a leader in thematic exchange-traded funds and specializes in bringing innovative exchange-traded funds to Canadian investors. Evolve's suite of exchange-traded funds provides investors with access to: (i) long-term investment themes; (ii) index-based income strategies; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a proven record of success, Evolve creates investment products that make a difference.

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