Evolve Funds Group said it will pay September cash distributions on a range of its exchange traded funds, highlighting both cash management vehicles and equity income strategies that have drawn assets in a higher rate backdrop.
The announcement, dated Sept. 17, includes specific per-unit amounts, record dates and a targeted payment date of Oct. 8.
Record dates split into the High Interest Savings Account Fund, the US High Interest Savings Account Fund, the Premium Cash Management Fund and the US Premium Cash Management Fund use Sept. 25.
The rest of the lineup uses Sept. 29, Evolve said unitholders of record will receive cash on or about Oct. 8.
Cash Solutions
| Fund Name | Ticker | Distribution (per unit) | Currency |
|---|---|---|---|
| High Interest Savings Account ETF | HISA | $0.09986 | CAD |
| High Interest Savings Account ETF (USD) | HISU.U | $0.33072 | USD |
| Money Market CAD ETF | MCAD | $0.20592 | CAD |
| Money Market USD ETF | MUSD.U | $0.33190 | USD |
These vehicles have been steady gathering points for investors seeking T-bill-like yields inside an ETF wrapper.
Equity-Income Strategies
| Fund Name | Distribution (per unit) | Frequency |
|---|---|---|
| Evolve S&P 500 Enhanced Yield Fund | $0.225 – $0.245 | Monthly |
| Evolve S&P/TSX 60 Enhanced Yield Fund | $0.188 | Monthly |
| Canadian Utilities Enhanced Yield Index Fund | $0.138 | Monthly |
| NASDAQ Technology Enhanced Yield Index Fund | $0.320 | Monthly |
Fixed-Income Strategies
| Fund Name | Distribution (per unit) | Frequency |
|---|---|---|
| Canadian Aggregate Bond Enhanced Yield Fund | $0.100 | Monthly |
| Enhanced Yield Bond Fund (CAD & USD listings) | $0.190 | Monthly |
| European Banks Enhanced Yield ETF | $0.145 | Monthly |
Tech-Themed Quarterly Index Funds
| Fund Name | Distribution (per unit) | Frequency |
|---|---|---|
| Evolve NASDAQ Technology Index Fund | $0.030 | Quarterly |
| E-Gaming Index ETF | $0.050 | Quarterly |
| Evolve Innovation Index Fund | $0.010 | Quarterly |
Buying on or after the ex-dividend date means missing the month’s payout, while positioning before the record date secures it.
ETF distributions for cash flow, the mix of cash funds and covered-call equity strategies provides a balance between income and market exposure.
The range of per-unit amounts across the S&P 500 and S&P/TSX 60 products also reflects underlying index volatility and option-premium dynamics in September.
More Read
Vanguard Canada payouts were confirmed earlier in September, and Purpose September distributions were also announced for a range of yield-focused funds, underscoring a crowded calendar for ETF income.
Scan each fund’s prospectus and consider tax treatment, especially for cross-border USD listings where withholding can change dollar amounts received.
Liquidity and bid-ask spreads can also widen around month-end for smaller tickers, making limit orders prudent.
