Disruptive Innovation: Fear of the New

Evolve Innovation Index Fund TSX TICKER: EDGE FUNDSERV: EVF160 & EVF161 The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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The contents of this presentation are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

This presentation is not an offer or solicitation of an offer or a recommendation to buy or sell any securities or financial instrument, nor shall it be deemed to provide investment, tax or accounting advice. The information contained herein is intended for informational purposes as a summary only and is qualified entirely by, and should be read in conjunction with, the more detailed information appearing in the prospectuses found on the Evolve Funds Group Inc website at https://evolveetfs.com/ Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds (funds). Please read the prospectus before investing. ETFs and mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds.

Please read the prospectus for a complete description of risks relevant to ETFs and mutual funds. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units.

The indicated rates of return are the historical annual compound total returns net of fees (except for figures of one year or less, which are simple total returns) including changes in per unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF or returns on investment in the ETF. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

Certain statements contained in this presentation may 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 Funds 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.

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"Over the next decade, an estimated $90 trillion will be added to equity market appreciation.

More than half of that is expected to come from disruptive technologies.”

- Inside the Strategy Room by McKinsey & Company

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Evolve Innovation Index Fund

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Source: Visual Capitalist The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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Evolve Cloud Computing Index Fund TSX TICKERS: DATA & DATA.B The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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WHAT IS CLOUD COMPUTING? Cloud computing is a technology which allows users to take advantage of computing services, storage space, and processing power through the internet, without the need for their own hardware and software.

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Advantages of Cloud Computing COST REDUCTION GLOBAL ACCESSIBILITY EASY TO IMPLEMENT & UPGRADE CENTRALIZED SECURITY

94%

of enterprises already use a cloud service

30%

of all IT budgets are allocated to cloud computing

SAVES ENERGY Source: The Hosting tribunal The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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The Growth of Data The Digital Universe is Growing Exponentially1

DIGITAL

4.4 ZB

44 ZB

in 2013

in 2020

By 2025, it’s estimated that 463 exabytes of data will be created each day globally – that’s the equivalent of 212,765,957 DVDs per day

UNIVERSE

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Source: Raconteur, https://www.raconteur.net/infographics/a-day-in-data

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U.S. Households Are Becoming Smarter Estimated number of U.S. households with smart home applications, by type

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The Growing Datasphere

5.3 bn

$832 bn

49%

47%

of the world’s stored data will reside in public cloud environments by 20252

expected increase in public cloud spend by organizations in 20204

estimated number of internet users worldwide by 2023, up from 4.2 billion in 20191

estimated global cloud computing market by 2025, growing at CAGR of 17.5%3

Cisco 2020 IDC 2018 3 marketsandmarkets.com 4 Flexera 2020 1 2

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Technology Lives on the Cloud

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Industry: Cybersecurity

75 billion

$10.5 trillion

3.5 million

#1

Number of devices connected by 20251

Estimated cost to global economy by 20252

Cybersecurity job openings by 20213

Risk facing enterprises today is cybercrime4

Accenture Technology Vision 2019 Cybersecurity Ventures, 2020 3 http://www.statcan.gc.ca/pub/11-627-m/11-627-m2017036-eng.htm 4 Cybersecurity Ventures, Gartner, 2017 1 2

The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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Data Breaches Are Costly to Shareholders Breach occurred on July 29, 2017 Disclosed on September 7, 2017 EFX US EQUITY: Equifax Inc.

-34.85%

Source: Bloomberg Finance L.P. as at December 31, 2017

143 million

the number of stolen user accounts, including: Social Security numbers, birth dates and addresses The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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Growth Expectations for the Cyber Security Market One of the fastest growing industries in the economy that supports all new technologies. +111B (+70%)

270 251 233

Global cyber security spend

216

US$B per annum, constant prices

202

113 88

95

122

131

145

159

101 87

94

101

109

117

173

126

187

136

Average Spend

147

159

172

185

200

63

68

74

27

28

30

31

33

35

36

38

40

42

44

46

48

51

26 2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

1

External

75%

2

Internal

25%

External spend based on forecasts to 2020 provided by Gartner, extrapolated to 2026 using the average growth rates from 2016-2020.

Internal spend refers to the compensation of in-house FTEs. Estimated based on Gartner data on global internal spending. Internal spend grows more slowly than external spend, linked to the increasing adoption of external managed security services.

1 2

Source: Gartner; ABS; Burning Glass; expert interviews; team analysis The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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The Good Guys

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Industry: 5G “Fifth Generation” Wireless As the digital revolution continues to accelerate, so does the demand for data. 5G is the key to transmitting, processing, and storing the massive amounts of data that make our digital lives possible.

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Where 5G Technology Has Been Deployed Countries where 5G networks/technology have been deployed and where 5G investments have been made

As at September 30, 2020.

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How Fast Is 5G? Average 4G and 5G download speeds in selected countries (in Mbps)*

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The Largest Transformation in a Lifetime • • • •

Automotive innovation is likely to be the biggest disruptive tech over the next 10 years Future cars will be the most sophisticated piece of tech that we own The automobile is the 2nd biggest purchase most people will make Satisfies Environmental, Social and Governance (ESG) mandates • Autonomous vehicles (AVs) will create safer roads • Electric vehicles (EVs) will create a cleaner environment • The future car will be ACE:

AUTONOMOUS

CONNECTED

ELECTRIC

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The Death of Internal Combustion Vehicles

90%

the percentage of worldwide vehicle production expected to be EVs by 20401

Countries to Ban Gas & Diesel Cars

INDIA 2030

FRANCE 2040

1 2

GERMANY 2030

NORWAY 2025

CHINA

Sales Forecast: Internal Combustion Engines (ICE) vs Electric Vehicles (EV)2

BRITAIN 2040

(starting in 2030)

NETHERLANDS 2025

International Monetary Fund (IMF): Riding the Energy Transition: Oil Beyond 2040 Electric Vehicle Outlook 2019, BloombergNEF

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All Eyes on Batteries

73%

the percentage of battery production costs that are expected to decline by 20301

8 million the number of barrels of oil per day that is estimated to be saved by 20402

25%

the percentage savings of EVs per-mile cost of electricity vs the per-mile cost of gasoline3 BlackRock The future of the vehicle April 2017 International Energy Agency (IEA) from projected 150 million electric vehicles on the world’s roads 3 www.greencarreports.com 1 2

The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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The Future of the Car is “ACE” Autonomous

Connected

The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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Electric

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Evolve E-Gaming Index ETF TSX TICKER: HERO

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The Evolution of the Revenue Model in Gaming THEN

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The eGaming/eSports Ecosystem NOW

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Growth in the eGaming Industry

2.7 billion

The number of gamers globally

11 billion The number of hours spent on watching eSports

$112

The average per month spent on gaming by millennials in North American

11%

The percentage of viewing hours on YouTube are video game-related

3 billion

The hours watched for the first time on streaming platform Twitch through Q1 2020

75%

of Americans have at least one gamer in their household

Sources: Newzoo https://newzoo.com/insights/articles/newzoo-2017-report-insights-into-the-108-9-billion-global-games-market/ With Viewership and Revenue Booming, Esports Set to Compete with Traditional Sports, Syracuse Online Business Blog https://onlinebusiness.syr.edu/blog/esports-to-compete-with-traditional-sports/ The ESA, The NPD Group (Statista) - 2019 Essential Facs About the Compouter and Video Game Industry, The ESA VentureBeat https://venturebeat.com/2020/01/02/superdata-games-hit-120-1-billion-in-2019-with-fortnite-topping-1-8-billion/ Source: NewZoo, VentureBeat.com, May 8, 2020 Source: SuperData, GamesIndustry.Biz

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The Video Games Market Is Larger Than Most Think eGaming has grown into one of the most dominant forms of entertainment in the 21st century $180 $160

Global Industry Comparison $159

$140

in Billions

$120 $100 $80

$60

$60 $40 $20 $0

eGaming Industry

Film & Music Industry

Source: NewZoo, esportsearnings.com, Nielsen, Forbes The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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Source: Pelham Smithers The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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HERO: Holdings

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Industry: Robotics

US$ 352 Billion

Expected value of the Global Industrial Automation market by 20241

•

US$ 275 Billion

Intuitive commands the surgical robotics space with an annualized revenue growth of 26% over the past 5 years

•

2.7 Million

Intuitive’s multi-limbed robotic assistant da Vinci is being used in a variety of procedures — including cardiac, colorectal, gynecological, head and neck, thoracic and urologic surgeries across the globe

•

da Vinci Surgical Systems are in 67 countries, including 3,531 in the U.S., 977 in Europe, 780 in Asia, and 294 in the rest of the world

•

Incredibly, every 26 seconds, a surgeon starts a da Vinci procedure

Expected size of the Global Robotics Technology Market by 20252

Number of industrial robots already operating in factories worldwide3 Source: Transparency Market Research 2 Source: IFR World Robotics 3 Source: IFR World Robotics 1

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Industry: Genomics

US$ 41.2 Billion

Estimated size of the global genomics market by 2025, growing at a CAGR of 14.2% from 16.4 billion in 20181



German biotechnology company, develops and manufactures active immune-therapies for patient-specific approaches to treatment of diseases. The company provides biotechnological solutions, for treatments of cancer patients

Number of people in 2019 who had their DNA-data stored2



Recently partnered with Pfizer on Covid-19 vaccine, with 95% efficacy, approved by U.K. government on Dec 2, first shipment will be delivered Dec 15 contingent upon FDA decision

US$ 702



Expected to produce globally up to 50 million vaccine doses in 2020 and up to 1.3 billion doses in 2021



Signed contracts to supply 300 million doses of vaccine for the European Union, 40 million doses for the U.K., 100 million doses for the United States and 120 million doses for Japan

26 Million

The cost to map one Human Genome, down from $100,000 in 20013 Source: Zion Market Research Source: Technology Review, MIT 3 https://www.genome.gov/about-genomics/fact-sheets/DNA-Sequencing-Costs-Data 1 2

The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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Industry: Social Media Internet users are growing by an average of more than 1 million new users every day* 5.11 billion

Number of unique mobile users in the world today, up 100 million (2 percent) in the past year

4.39 billion

Number of internet users in 2019, an increase of 366 million (9 percent) versus January 2018

3.48 billion

Number of social media users in 2019, with the worldwide total growing by 288 million (9 percent) since this time last year

3.26 billion

Number of people use social media on mobile devices in January 2019, with a growth of 297 million new users representing a yearon-year increase of more than 10 percent

Source: Hootsuite and DataReportal.com * Source: WeAreSocial.com The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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Cybersecurity

Cloud Computing

Automotive Innovation

E-gaming

Robotics & Automation

FinTech

The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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Genomics

5G

Only select companies are displayed.

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Investment Opportunities in Disruptive Innovation 8 Innovative Themes in 1 Investment Solution • • • •

Cloud Computing & Big Data Cybersecurity Automobile Innovation eGaming & eSports

Evolve Innovation Index Fund ETF EDGE (Hedged)

MUTUAL FUND EVF160 (Class F) EVF161 (Class A)

Learn more at https://evolveetfs.com/product/edge/

• • • •

Robotics & Automation FinTech 5G Genomics

?

WHO SHOULD CONSIDER THIS ETF? Investors who are: • Seeking exposure to equity securities of companies involved in innovative or disruptive industries • Willing to take the risk associated with equity investments • Do not need a steady source of income from their investment

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Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds (funds). Please read the prospectus before investing. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus for a complete description of risks relevant to ETFs and mutual funds. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units.

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The World is evolving. Your investments should too.

THANK YOU evolveetfs.com The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed.

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