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Evolve Innovation Index ETF TSX TICKER: EDGE

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Fear of the New 360 B.C. Young students would rely too much on the written record of speech (WRITING) and thus weaken their ability to remember it.

Riding in the STEAM ENGINE, will cause asphyxiation when traveling through train tunnels at a speed of 20 miles/hour.

– Plato

– Scientific subjects lecturer Dionysius Lardner

“From today, painting is dead!” (After seeing an early form of PHOTOGRAPHY).

“The word written on parchment will last a thousand years. The PRINTED BOOK is on paper. How long will it last?”

1839

– Scribe Johannes Trithemius

1775 There is a vision of isolated citizens reading in “sullen silence” with the newly popular NEWSPAPER. – French statesman, ChretiénGuillaume de Malesherbes

– Critics

1854 Just because communication is now faster via the TELEGRAPH doesn’t mean people have anything important to say.

– Author, poet, and philosopher, Henry David Thoreau

– Author of “Computer Power and Human Reason”, Joseph Weizenbaum

2018 GENOMICS

1976

FUTURE CARS CYBER SECURITY

– Artist Paul Delaroche

1830s

1494

The popularity of the RADIO will cause the death of conversation.

“There is now very little danger that Americans will resort to the vice of thinking”.

COMPUTER programmers are “disheveled” tech-heads, staring at their keyboard buttons with the same obsession as “a gambler’s on the rolling dice”.

1920s

SOCIAL MEDIA

The TELEPHONE could make you deaf… and the electric current might kill you!

1900s

ROBOTICS & AUTOMATION BIG DATA & CLOUD COMPUTING

1906 The PHONOGRAPH will ruin people’s ear for the subtleties of live music. Fewer people will learn to play instruments since a record provides folks with “readymade [music]… in their cupboards.”

– Leader of marching band music, John Philip Sousa

1950s TELEVISION will “hurt radio, conversation, reading, and the patterns of family living…”

– Critics

1994 “What is the INTERNET , anyway? …

What do you write to it, like mail?”

– Previous cohost for NBC’s Today, Bryant Gumbel

2010 The INTERNET “scatters our attention”, unlike books which “focus us” and “promotes contemplativeness”.

– Social critic Nicholas Carr

Source: Bad For You book (authors Kevin C. Pyle and Scott Cunningham)

3

Six Categories of Disruption and Innovation

Cyber Security (CYBR)

Robotics & Automation

Future Cars (CARS)

Genomics

Cloud Computing & Big Data

Social Media 4

Industry: Cyber Security 20.4 billion devices

In the Internet of Things (IoT) age, over Global Cyber Security Opportunity1 120 100 80

66

72

77

84

90

97

105

113

will be connected by 2020.2

The global cybersecurity market is projected to reach $113 billion in 2020.

#1

60

risk facing enterprises today is arguably cybercrime.1

40 20 0 2013

1 2

2014

Cybersecurity Ventures Gartner Research, February 2017

2015

2016

2017E

2018E

2019E

$6 trillion

2020E

the amount predicted to cost the global economy by 2021.1

7.6% Compound Annual Growth Rate (CAGR)

Company Spotlights:

FireEye offers a single platform that blends innovative security technologies, nation-state grade threat intelligence, and world-renowned Mandiant consulting.

Symantec Corporation is an American software company that provides security products and solutions to protect small, medium, and enterprise businesses from advanced threats, malware, and other cyber attacks.

5

Industry: Future Cars The Future of the Car is “ACES�

Autonomous

Connected

Electric

25

2019

Electrified models by 20252

A hybrid or electric will be in every new model2

$11 billion

80

The amount Ford plans to spend on electric cars1

1 2

Shared

New electrified models by 20252

Ford Motor Co. CEO on Jan 14, 2018 Digital Trends October 21, 2017

Company Spotlights: Nvidia is an American technology company that designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market

Aptiv is a global technology company headquartered in the UK that develops safer, greener and more connected solutions, which enable the future of mobility. The company operates manufacturing sites, 14 technical centres, and customer centres across 45 countries.

6

The Great Disruption of Auto – Will History Repeat?

“The horse is here to stay but the automobile is only a novelty – a fad.”

President of the Michigan Savings Bank in 1903

“When Henry Ford made cheap, reliable cars, people said, ‘Nah, what’s wrong with a horse?’

That was a huge bet he made, and it worked.“ Elon Musk CEO of Tesla Inc. in 2003

1

90%

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

International Monetary Fund (IMF): Riding the Energy Transition: Oil Beyond 2040 7

Industry: Big Data & Cloud Computing

European Cloud Alliance, December 2017

Company Spotlights:

Salesforce.com, Inc is an American cloud computing company. Its revenue comes from a customer relationship management (CRM) product and commercial applications of social networking through acquisition and internal development.

OpenText Corp is a Canadian company that develops and sells enterprise information management (EIM) software.

8

Industry: Robotics & Automation The Global Robotics Technology Market is Expected to Reach US$147.26 Billion by 2025, rising at 17.4% CAGR from 2017-2025.1 Transparency Market Research, October 2017

1.7 million new industrial robots by 2020.

Double-digit average annual increase.

IFR World Robotics, 2017

* Estimates

Company Spotlights:

Intuitive Surgical Inc. is an American corporation that develops, manufactures and markets robotic products designed to improve clinical outcomes of patients through minimally invasive surgery, most notably with the da Vinci Surgical System.

FANUC is a group of companies that provide automation products and services such as robotics and computer numerical control systems. FANUC is one of the largest makers of industrial robots in the world.

9

Charging the Chevy Bolt with the Help of FANUC  At IMTS 2018, FANUC America demonstrates the super heavy payload capability of the FANUC M-2000iA robot, which is able to easily lift this complete Chevrolet Bolt vehicle efficiently and safely. This system also features autonomous vehicle charging via the flexible FANUC M-10iD/12 robot mounted on a Self-Driving Vehicle.  The robot moves a Chevrolet Bolt to a charging station and presents it to a FANUC M-10iD/12 robot mounted on a Clearpath OTTO 1500 Self-Driving Vehicle. FANUC’s M-10iD Robot Series was designed to maximize productivity in compact workspaces.

Source: YouTube, FANUC

10

Robot Invasion

7,500,000

Upper estimate of Canadian jobs at risk of being affected by automation over the next two decades

300,000

Canadian fast food and restaurant workers whose jobs will be impacted by automation in the next 10-plus years

54%

Tasks – including check-in, room service, cleaning and maintenance – performed in North American hotels and restaurants that could be automated using existing technologies

THE REPLACEMENTS

Risk of automation for select jobs

96%

Administrative assistant

Source: PIVOT, July/August 2018

94%

Financial auditors and accountants

92%

Retail salesperson

91.5%

Fast-food worker

0.9% Registered nurse

0.4%

Elementary and kindergarten teacher

11

Case Study: CaliBurger WAGE AGAINST THE MACHINE

$2.50

Average hourly cost (CDN$) to operate an automated server

85%

Canadian restaurant operators who cited labour costs as their number one issue of 2018

$15

Hourly cost (CDN$) to employ a minimum-wage worker in Alberta and Ontario come 2019 WAGE AGAINST THE MACHINE

50

CaliBurger locations slated to employ a Flippy by the end of 2018

Source: PIVOT, July/August 2018, Digital Trends

150

Hamburgers that Flippy can grill in an hour

2

Days that the first Flippy was operational before CaliBurger temporarily shut it down - because staff couldn’t place and garnish patties fast enough to keep up 12

Why Industrial Robot Sales are Sky High Production is increasing dramatically as robots become cheaper to produce.

65%

The industrial robot costs that are expected to drop between 2015 and 2025.

$20,000

The cost per robot that is expected to plunge from 2015 to 2025.

Source: Visual Capitalist, 2018

13

Industry: Genomics Genomics involves the study of the entire genetic information of living things encoded in their DNA and related molecules such as RNA and proteins.

The insights gleaned from genomics hold the key to unleashing innovations across a host of sectors, presenting huge opportunities to drive economic growth and improve quality of life for people across the globe.

Genome Canada

The global genomics market is estimated to grow at a Compound Annual Growth Rate (CAGR) of 10.2% from 2017 to 2022 to reach USD 23.88 billion in 2022 from 14.71 billion in 2017.

Research and Markets, October 2017 Crystal Market Research, November 2017

Company Spotlights:

Celgene Corporation is an American biotechnology company that discovers, develops and commercializes medicines for cancer and inflammatory disorders. There are more than 300 clinical trials at major medical centres using compounds from Celgene.

Ipsen is a French pharmaceutical company that develops and markets medications used in oncology, endocrinology and the treatment of neuromuscular disorders. Ipsen sells more than 20 drugs in more than 115 countries, with a direct commercial presence in more than 30 countries.

14

Industry: Social Media The number of social media users worldwide in 2018 is 3.196 billion, up 13% YoY.

Smart Insights, January 2018

Company Spotlights:

Alphabet is an American multinational conglomerate and became the parent company of Google and several former Google subsidiaries.

Baidu is a Chinese multinational technology company specializing in Internet-related services and products, and artificial intelligence.

15

EDGE Holdings1

1

Cyber Security

Future Cars

Big Data & Cloud Computing

Robotics & Automation

Genomics

Social Media

As at March 29, 2019

16

Index Methodology Cloud Computing and Big Data

Robotics and Automation

Genomics

Social Media

Future Cars

Cyber Security

Classified under an industry group of the FactSet RBICS*.

Classified under an industry group of the FactSet RBICS*.

Classified under an industry group of the FactSet RBICS*.

Min. market cap of $100 million.

Min. market cap of $500 million.

Min. market cap of $100 million.

Min. average daily value traded of $2 million.

Min. average daily value traded of $5 million.

Min. average daily value traded of $2 million.

10 companies in each category are selected.

Top 32 companies are selected.

Top 34 companies are selected.

* FactSet Revere Business Industry Classification System

17

Evolve Innovation Index ETF Evolve Innovation Index Fund INDICATIVE YIELD1

AVERAGE MARKET CAP

MINIMUM MARKET CAP

CLASSES

0.65%

CAD 49 BILLION

CAD 100 MILLION

HEDGED

MANAGEMENT FEE2

MANAGEMENT EXPENSE RATIO (MER)2,3

INDEX REBALANCING (EQUAL WEIGHT)

NUMBER OF HOLDINGS

0.40%

0.55%

QUARTERLY

104

Source: Bloomberg as at May 2, 2019. ** Performance since inception on May 2, 2018. * The rates of return shown in the table are used only to illustrate the effect of the compound growth rate and are not intended to reflect future values of the ETF or returns on investment in the ETF. Total return performance calculations reflect performance from May 2, 2018 to May 2, 2019 on a trailing basis and are subject to change daily.

As at April 30, 2019 1 Gross of MER 2 Plus applicable sales tax 3 Includes fixed administration fee of 0.15% 4 Estimate only 5 Includes holdings in Evolve Cyber Security Index ETF and Evolve Automobile Innovation Index ETF

Commissions, management fees and expenses all may be associated with exchange traded mutual funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to the ETF. Investors may incur customary brokerage commissions in buying or selling ETF units 18

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