Management Fee Reduction on Evolve's Cash Management Solutions

TORONTO, Feb. 1, 2024 /CNW/ - Effective immediately, Evolve Funds Group Inc. ("Evolve" or "the Manager") has waived the Management Fee on each class of Units of the Premium Cash Management Fund ("MCAD") and US Premium Cash Management Fund ("MUSD.U") (Collectively, the "Evolve Funds") until June 30, 2024. In respect of the Unhedged Class A Mutual Fund Units of each Evolve Fund, the Manager has reduced the Management Fee to the amount of the trailing commission payable to a Unitholder's dealer, being 0.25%, until June 30, 2024. The Evolve Funds trade on the Toronto Stock Exchange ("TSX") under the ticker symbols: MCAD and MUSD.U.

The Evolve Funds are designed to provide investors with the ability to maximize current income, while at the same time preserving capital and maintaining liquidity, by investing primarily in Canadian dollar-denominated and U.S. dollar-denominated high-quality short term debt securities (with a term to maturity of 365 days or less), respectively.

The following chart sets out the Class of Units for each of the Evolve Funds.

Evolve Fund	Class of Units	Previous Management Fee1	Effective Management Fee1
MCAD	Unhedged ETF Units	0.20 %	0.00 %
	Unhedged Class F Mutual Fund Units	0.20 %	0.00 %
	Unhedged Class A Mutual Fund Units	0.45 %	0.25 %
MUSD.U	USD Unhedged ETF Units	0.20 %	0.00 %
	Unhedged Class F Mutual Fund Units	0.20 %	0.00 %
	Unhedged Class A Mutual Fund Units	0.45 %	0.25 %

1 Except in respect of the Unhedged Class A Mutual Fund Units, the Manager has waived the Management Fee on each class of Units of each Evolve Fund from February 2, 2024, until June 30, 2024. In respect of the Unhedged Class A Mutual Fund Units of each Evolve Fund, the Manager has reduced the Management Fee to the amount of the trailing commission payable to a Unitholder's dealer, being 0.25%, until June 30, 2024.

About Evolve Funds Group Inc.
With over $7.7 billion in assets under management, Evolve is one of Canada's fastest growing ETF providers since launching its first ETF in September 2017.  Evolve specializes in bringing innovative ETFs to Canadian investors.  Evolve's suite of ETFs provide investors with access to: (i) long term investment themes; (ii) index-based income strategies; and (iii) some of the world's leading investment managers.  Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference.  For more information, please visit www.evolveetfs.com. 

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Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. Please read the prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.

SOURCE Evolve ETFs

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