ETF overview
The fund is a passively managed ETF that provides exposure to the largest US bank stocks. The fund holds companies, stretching across multiple sub-industries under FactSets Revere Business Industry Classification System as finance, banks, commercial banks, and commercial savings institutions. At any time, the fund manager can write covered call options at its discretion on not more than 33% of its securities, depending on market volatility and other factors. The index is and reviewed semi-annually, assigning equal weights for each eligible security.
Fund facts
- Expense ratio
- 0.45%
- Fund assets
- 100.36M USD (all share classes)
- Issuer
- Evolve
- Inception date
- Oct 12, 2017
- Number of holdings
- 42
Breakdown
Holdings (42)
| Name | Ticker | Weight |
|---|---|---|
| East West Bancorp Inc | EWBC | 4.60% |
| First Citizens BancShares Inc/NC | FCNCA | 4.52% |
| Citigroup Inc | C | 4.48% |
| First Horizon Corp | FHN | 4.46% |
| Pinnacle Financial Partners Inc | PNFP | 4.46% |
| JPMorgan Chase & Co | JPM | 4.44% |
| SOUTHSTATE BANK CORP | SSB | 4.43% |
| Cullen/Frost Bankers Inc | CFR | 4.42% |
| Fifth Third Bancorp | FITB | 4.42% |
| Zions Bancorp NA | ZION | 4.39% |
| and 29 more | ||
Similar ETFs
- BMO Covered Call US Banks ETFZWK.TO · Overlap 60% · Expense ratio 0.71%
- Harvest US Bank Leaders Income ETFHUBL.TO · Expense ratio 0.75%
- Hamilton U.S. Financials YIELD MAXIMIZER ETFFMAX.TO · Overlap 30% · Expense ratio 0.65%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.45%
- Fund assets
- 100.36M USD (all share classes)
- Issuer
- Evolve
- Inception date
- Oct 12, 2017
- Number of holdings
- 42
| Name | Ticker | Weight |
|---|---|---|
| East West Bancorp Inc | EWBC | 4.60% |
| First Citizens BancShares Inc/NC | FCNCA | 4.52% |
| Citigroup Inc | C | 4.48% |
| First Horizon Corp | FHN | 4.46% |
| Pinnacle Financial Partners Inc | PNFP | 4.46% |
| JPMorgan Chase & Co | JPM | 4.44% |
| SOUTHSTATE BANK CORP | SSB | 4.43% |
| Cullen/Frost Bankers Inc | CFR | 4.42% |
| Fifth Third Bancorp | FITB | 4.42% |
| Zions Bancorp NA | ZION | 4.39% |
| and 29 more | ||
The fund is a passively managed ETF that provides exposure to the largest US bank stocks. The fund holds companies, stretching across multiple sub-industries under FactSets Revere Business Industry Classification System as finance, banks, commercial banks, and commercial savings institutions. At any time, the fund manager can write covered call options at its discretion on not more than 33% of its securities, depending on market volatility and other factors. The index is and reviewed semi-annually, assigning equal weights for each eligible security.
- BMO Covered Call US Banks ETFZWK.TO · Overlap 60% · Expense ratio 0.71%
- Harvest US Bank Leaders Income ETFHUBL.TO · Expense ratio 0.75%
- Hamilton U.S. Financials YIELD MAXIMIZER ETFFMAX.TO · Overlap 30% · Expense ratio 0.65%
Overlap is the share of assets the two funds hold in common.
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