UTES — Evolve Canadian Utilities Enhanced Yield Index Fund

Filing-backed earned vs paid. Not a yield screener and not a buy/sell rating.

Profit covered most of the cheque when price gains count (81%).

Covered means 100% or above; otherwise a percentage; tape-only when filings are not mapped — How Dist. coverage appears on CoverCall Ledger — not a buy/sell rating.

Launch year: 2024 · Sep 4
Dist. coverage (2025 accrual): 81%
Filing-period total return: +18.6% (Evolve calendar 2025, dist. reinvested)
Cash return (approx.): +17.6% (approx., cash not reinvested; not issuer MRFP total return)
Earned: $23.0 million
Distributed: $28.4 million
Market price: $8.15
Last distribution: $0.138 · Oct 2026
Dist. yield (approx.): +20.3% (approx., $0.138 per month annualized ÷ $8.15 price)
CoverCall 2026 YTD: +5.3%
AUM: $477M

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What this fund is

Canadian utilities with covered calls and about 25% borrowing.

How profit showed up

Dividends helped, and so did unrealized gains on utilities still held.

Learn more

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Other Evolve funds

Figures from public issuer filings for a stated period. Tape fields are the latest exchange last (TSX or US), not a licensed live NAV feed. Confirm against the issuer’s documents. Not investment advice.