Question 1

What is BANK?

Accepted Answer

BANK — Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the BANK ETF price today?

Accepted Answer

BANK last traded at $10.74 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the BANK MER (management expense ratio)?

Accepted Answer

BANK has a management expense ratio (MER) of 60% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time.

Question 4

What are BANK annualised returns?

Accepted Answer

BANK historical returns: YTD: +10.61%, 1-year: +54.58%, 3-year annualised: +32.75%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.71, which measures risk-adjusted return.

Question 5

Does BANK pay dividends or distributions?

Accepted Answer

Yes, BANK distributes income to unitholders. The current distribution yield is approximately 13.31%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does BANK invest in?

Accepted Answer

BANK's top holdings include National Bank of Canada (NA, 13.7%), Canadian Imperial Bank Of Commerce (CM, 12.9%), Great-West Lifeco Inc. (GWO, 12.6%), Power Corporation Of Canada (POW, 12.6%), Toronto Dominion Bank (TD, 12.4%) — and 4 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar CAD O/N Cash GR CAD.

Question 7

What sectors does BANK invest in?

Accepted Answer

BANK's largest sector exposures are Financial Services (100.0%), Basic Materials (0.0%), Consumer Cyclicals (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is BANK? (Assets under management)

Accepted Answer

BANK has approximately $1.07B in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was BANK launched?

Accepted Answer

BANK was launched on February 1, 2022, giving it a 4-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy BANK in Canada?

Accepted Answer

BANK trades on the TSX under the ticker BANK. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is BANK?

Accepted Answer

BANK has a 1-year volatility of 13.18% and a beta of 0.00 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.71 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-06-02	$10.52	$10.74	$10.52	$10.74	$10.74	588,364
2026-06-01	$10.65	$10.69	$10.50	$10.53	$10.53	465,666
2026-05-29	$10.66	$10.72	$10.59	$10.67	$10.67	507,400
2026-05-28	$10.85	$10.85	$10.73	$10.77	$10.77	1,271,476
2026-05-27	$10.90	$10.94	$10.84	$10.87	$10.87	779,312
2026-05-26	$10.98	$10.98	$10.86	$10.89	$10.89	485,844
2026-05-25	$10.94	$11.00	$10.92	$10.95	$10.95	443,995
2026-05-22	$10.91	$10.93	$10.87	$10.87	$10.87	291,209
2026-05-21	$10.70	$10.87	$10.69	$10.85	$10.85	336,496
2026-05-20	$10.56	$10.76	$10.56	$10.73	$10.73	494,611

#	Ticker	Name	Weight
1	NA	National Bank of Canada	13.69%
2	CM	Canadian Imperial Bank Of Commerce	12.89%
3	GWO	Great-West Lifeco Inc.	12.64%
4	POW	Power Corporation Of Canada	12.62%
5	TD	Toronto Dominion Bank	12.38%
6	SLF	Sun Life Financial Inc.	12.21%
7	BMO	Bank of Montreal	11.98%
8	RY	Royal Bank of Canada	11.68%
9	MFC	Manulife Financial Corp	11.40%

Sector	Weight
Financial Services	100.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK : TSX)

CIBC Investor's Edge

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund

ETF Details

7 stocks to buy and hold forever

Compare BANK

Explore More

Compare BANK vs Similar ETFs

Frequently Asked Questions — BANK