Key stats
About EVOLVE AUTOMOBILE INNOVATN IDX FD HEDGED UNITS
Home page
Inception date
Sep 29, 2017
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Primary advisor
Evolve Funds Group, Inc.
The fund is a passively managed ETF that provides exposure to stocks, including ADRs and GDRs, from developed markets that are working towards the development of automobiles, whether directly or as part of its ecosystem. The fund holds companies, stretching across multiple sub-industries under FactSets Revere Business Industry Classification System as car manufacturers, auto interior comfort/safety/electronics products, fuel cell equipment and technology providers, heavy-duty and high-end batteries manufacturing, video multimedia semiconductors, and general analog and mixed signal semiconductors. The index is reviewed quarterly, assigning each eligible company an equal weight.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Producer Manufacturing
Consumer Durables
Stocks99.37%
Electronic Technology37.93%
Producer Manufacturing33.35%
Consumer Durables24.75%
Retail Trade3.12%
Bonds, Cash & Other0.63%
Cash0.85%
Rights & Warrants−0.22%
Stock breakdown by region
North America62.88%
Asia23.78%
Europe13.35%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CARS invests in stocks. The fund's major sectors are Electronic Technology, with 38.01% stocks, and Producer Manufacturing, with 33.43% of the basket. The assets are mostly located in the North America region.
CARS top holdings are Microvast Holdings, Inc. and SiTime Corporation, occupying 4.76% and 3.18% of the portfolio correspondingly.
CARS last dividends amounted to 0.02 CAD. The month before, the issuer paid 0.02 CAD in dividends,
CARS assets under management is 16.09 M CAD. It's fallen 8.24% over the last month.
CARS fund flows account for −8.18 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CARS pays dividends to its holders with the dividend yield of 1.18%. The last dividend (Jun 6, 2025) amounted to 0.02 CAD. The dividends are paid monthly.
CARS shares are issued by Evolve Funds Group, Inc. under the brand Evolve. The ETF was launched on Sep 29, 2017, and its management style is Passive.
CARS expense ratio is 0.89% meaning you'd have to pay 0.89% of your investment to help manage the fund.
CARS follows the Solactive Future Cars Index Canadian Dollar Hedged - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CARS invests in stocks.
CARS price has fallen by −3.27% over the last month, and its yearly performance shows a 0.65% increase. See more dynamics on CARS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −2.70% over the last month, have fallen by −2.70% over the last month, showed a 4.01% increase in three-month performance and has increased by 3.12% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −2.70% over the last month, have fallen by −2.70% over the last month, showed a 4.01% increase in three-month performance and has increased by 3.12% in a year.
CARS trades at a premium (1.41%) meaning the ETF is trading at a higher price than the calculated NAV.