Evolve Canadian Utilities Enhanced Yield Index Fund (TSX:UTES)

Canada flag Canada · Delayed Price · Currency is CAD
9.27
+0.04 (0.43%)
Aug 1, 2025, 3:59 PM EDT
0.43%
Fund Assetsn/a
Expense Ration/a
Min. Investmentn/a
Turnovern/a
Dividend (ttm)1.52
Dividend Yield16.41%
Dividend Growthn/a
Payout FrequencyMonthly
Ex-Dividend DateJul 31, 2025
Previous Close9.23
YTD Return12.91%
1-Year Returnn/a
5-Year Returnn/a
52-Week Lown/a
52-Week Highn/a
Beta (5Y)0.24
Holdingsn/a
Inception Daten/a

About UTES

The fund utilizes a combination of leverage and covered call strategy. The fund provides 1.25x leveraged exposure to an index comprised of the 10 largest Canadian utilities, pipelines, and telecommunication companies, included in FactSet Sectors: Electric Utilities, Gas Distributors, Water Utilities, Alternative Power Generation, Oil & Gas Pipelines, Major Telecommunications, and Wireless Telecommunications. Stocks are selected based on market cap and are equally weighted. The index is rebalanced quarterly starting in February. The fund manager has the discretion to write covered call options on not more than 33% of its securities, depending on market volatility and other factors. The fund is a geared product that rebalances within two business days if its leverage exceeds 2% above its target leverage of 25%. As such, this is designed as a short-term trading tool and not a long-term investment vehicle.

Country Canada
Stock Exchange Toronto Stock Exchange
Ticker Symbol UTES

Dividend History

Ex-DividendAmountPay Date
Jul 31, 20250.138 CADAug 8, 2025
Jun 30, 20250.138 CADJul 8, 2025
May 30, 20250.138 CADJun 6, 2025
Apr 30, 20250.138 CADMay 7, 2025
Mar 31, 20250.138 CADApr 7, 2025
Feb 28, 20250.138 CADMar 7, 2025
Full Dividend History