Introducing the Evolve CleanBeta™ Series: SIXTY and FIVE

The World is evolving. Your investments should too.

Evolve CleanBeta™ Series

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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.

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.

The S&P/TSX 60 Index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and TSX, Inc., and the S&P 500 Index (CAD) and the S&P 500 (CAD Hedged) are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”). These indices have been licensed for use by Evolve ETFs. Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Evolve ETFs. TSX® is a registered trademark of the TSX, Inc. and have been licensed for use by SPDJI and Evolve ETFs. Evolve S&P/TSX 60 CleanBeta™ Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or TSX, Inc. and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P/TSX 60 Index.

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One of Canada’s Fastest Growing ETF Providers

3.5 Years Launched in September 2017

Cryptocurrency & Disruptive Innovation

$1.8B Number of products

CleanBetaTM Series of ETFs

19 ETFs AUM

Equity Income & Cash

Fixed Income: Actively managed and Index-based

The Evolve management team averages 20+ years of experience, having led some of Canada’s largest asset managers - Dealer Use Only -

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Evolve CleanBeta™ Series

Evolve S&P/TSX 60 CleanBeta™ Fund

Evolve S&P 500 CleanBeta™ Fund

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Challenges of ESG Investing Unclear screening processes.

Narrows investable universe.

Changes return profile.

Significant carbon emissions.

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World’s Top 3 Largest ESG ETFs by AUM

MSCI USA Extended ESG Focus Index

MSCI Emerging Markets Extended ESG Focus Index

MSCI EAFE Extended ESG Focus Index

AUM: $20.8 billion

AUM: $9.1 billion

AUM: $6.8 billion

Weighted Average Carbon Intensity*:

Weighted Average Carbon Intensity*:

Weighted Average Carbon Intensity*:

101

165

105

* Portfolio's Weighted Average Carbon Intensity is achieved by calculating the carbon intensity (Scope 1 + 2 Emissions / $M Sales) for each portfolio company and calculating the weighted average by portfolio weight.

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Introducing the World’s First Carbon Neutral ETFs Evolve S&P 500 CleanBeta™ Fund

Evolve S&P/TSX 60 CleanBeta™ Fund

S&P 500 INDEX

S&P/TSX 60 INDEX

+

+

CARBON CREDITS

CARBON CREDITS

(purchased and immediately retired)

(purchased and immediately retired)

=

=

1

S&P 500 performance while offsetting the carbon footprint of the Index.

S&P/TSX 60 performance while offsetting the carbon footprint of the Index.

Carbon offsets currently cost 10bps1

Carbon offsets currently cost 17bps1

Estimate only, as at April 30, 2021.

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Overview of Greenhouse Gas (GHG) Emissions

Over 80% of GHG emissions come from Carbon Dioxide (CO2).

CARBON DIOXIDE METHANE NITROUS OXIDE FLOURINATED GASES

81% 10% 7% 3%

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In 2019, about 43.1 billion tons of CO2 from human activities were emitted into the atmosphere. This was an all time high, breaking the previous record from 2018. The emissions could form a giant “CO2 cube” measuring 30 km on each side.

Source: EPA, 2019 Total U.S. Emissions in 2019 = 6,558 million metric tons of CO2 equivalent (excludes land sector). Percentages may not add up to 100% due to independent rounding

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"We are the first generation to feel the effect of climate change and the last generation who can do something about it."

Former US President, Barack Obama

Kyoto Protocol (1997 to 2012) mandated 37 industrialized nations plus EU to cut their GHG emissions.

Paris Climate Agreement (Est. in 2015) set goal to limit global temperature rise to 2 degrees Celsius above pre-industrial levels.

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TM CleanBeta

Strategy

• Trucost is a division of S&P Global and holds the world’s most comprehensive environmental metrics of over 15,000 companies.

• Calculations include the Direct and First-Tier Indirect Emissions for each entity in the index.

• Direct and First Tier Indirect emissions are broader in scope to the Greenhouse Gas (GHG) Protocol’s scopes 1 and 2 emissions.

• Trucost measures on annual basis and is considered one of the top carbon calculators in the world.

• Trucost rely on data from CDP (Carbon Disclosure Project).

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What Are Carbon Credits?

• Carbon credits are measurable, verifiable emission reductions from certified climate action projects.

These projects reduce, remove or avoid greenhouse gas (GHG) emissions.

• Carbon credits bring additional positive benefits: - empower communities - protect ecosystems - restore forests - reduce reliance on fossil fuels.

• Projects must adhere to a rigorous set of criteria to pass verification by third-party agencies and a review by a panel of experts at a leading carbon offset standard like Verra or Gold Standard.

• After an organization or an individual buys a carbon credit, the credit is permanently retired so it can't be reused.

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California Compliance Offsets (CCOs) The California Air Resources Board issues ARB Offset Credits to qualifying projects that reduce or sequester greenhouse gases (GHG) pursuant to six Board-approved Compliance Offset Protocols.

Projects must meet the standard of the methodologies outlined in one of the 3 registries below:

• must meet the standard of the 3rd party verifiers; and • must meet the stringency of the California Regulator.

These offsets are so robust, they can be surrendered against their compliance obligation in lieu of buying the more expensive allowances.

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Example of Carbon Offset Credit: Redwood Forest in Mendocino County, CA

Project ID: CAR1139 registered on 12/08/2016 Project Name: Usal Redwood Forest - IFM Project Type: Improved Forest Management – ARB Compliance

Project Description: • • • • •

49,000 acres of productive redwood/Douglas-fir forest.

The redwood forest type is unique to the North Coast of California and is one of the most ecologically rich and economically productive forest types in the world.

Roughly 56% of the forest is second and third growth coniferous forest.

In 2007, the Forest was acquired by the Redwood Forest Foundation, Inc (RFFI), a non-profit organization dedicated to acquiring, protecting, restoring and managing forestlands for the long-term benefit of the region's citizens.

Since acquisition of the Forest, RFFI has sustainably managed it to ensure carbon storage and wildlife habitat.

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The Cost to Reach Carbon Neutrality for CleanBeta™ Series

Approx. 2.1 cents/unit* to offset the carbon footprint of the S&P 500.

Approx. 3.4 cents/unit* to offset the carbon footprint of the S&P/TSX 60.

S&P 500 FIVE & FIVE.B (CAD) FIVE.U (USD)

S&P/TSX 60 SIXT (CAD)

Carbon Offset Cost per Ton

$20.00

$20.00

Metric Tonnes CO2e per $1mm invested USDCAD FX Rate

52.05 $1.23

83.74 $1.23

NAV Per Unit in USD Terms Annual Cost per $1mm USD Daily Cost per $1mm USD Annual Cost per Unit* Annual Cost per Unit*

$20.00 $16.24/$20.00

CAD/USD USD

$20.00 $16.24

$1,040.60 $2.85

USD USD

$1,674.80 $4.59

$0.0169 $0.0208 0.10%

USD CAD/USD

$0.0272 $0.0335 0.17%

* Estimate only, as at April 30, 2021.

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Evolve S&P 500 CleanBeta™ Fund SECTOR ALLOCATION Name

ETF FIVE (Hedged)

FIVE.U (USD Unhedged)

FIVE.B (Unhedged)

AVERAGE MARKET CAP

NUMBER OF HOLDINGS

CURRENCY

USD 30.1 BILLION

505

CAD (FIVE & FIVE.B) USD (FIVE.U)

INDEX REBALANCING (MARKET CAP)

MANAGEMENT FEE1

RISK RATING

ANNUAL

0.20%

MEDIUM

INFORMATION TECHNOLOGY HEALTH CARE CONSUMER DISCRETIONARY FINANCIALS COMMUNICATIONS SERVICES INDUSTRIALS CONSUSMER STAPLES ENERGY METERIALS UTILITIES REAL ESTATE

Weight 26.7% 12.8% 12.7% 11.5% 11.2% 8.7% 6.0% 2.7% 2.7% 2.6% 2.5%

CLEANBETA™ STRATEGY FEES AND EXPENSES

0.20% MANAGEMENT FEE1

+

0.15% FIXED ADMIN FEE1

Source: Bloomberg, as at April 30, 2021.

1 Plus applicable sales taxes.

2 Estimate only.

+

0.10% CARBON OFFSET FEE1,2

=

0.45%

• Estimated 0.10% of NAV is the approximate cost to clean the S&P 500 Index carbon footprint, based on the following: • Annualized cost based on Trucost verification (as at April 30, 2021) • Estimated 52.03 metric tonnes of CO2 per $1 million invested • Average price per carbon credit of US$20 per ton

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Evolve S&P/TSX 60 CleanBeta™ Fund SECTOR ALLOCATION Name

ETF SIXT (Unhedged)

AVERAGE MARKET CAP

NUMBER OF HOLDINGS

CURRENCY

CAD 23.8 BILLION

60

CAD

INDEX REBALANCING (MARKET CAP)

MANAGEMENT FEE1

RISK RATING

QUARTERLY

0.20%

MEDIUM

FINANCIALS ENERGY INFORMATION TECHNOLOGY INDUSTRIALS MATERIALS COMMUNICATIONS SERVICES CONSUMER DISCRETIONARY CONSUSMER STAPLES UTILITIES HEALTH CARE REAL ESTATE

Weight 35.8% 13.8% 11.1% 10.3% 10.2% 5.8% 4.4% 3.6% 3.3% 0.9% 0.8%

CLEANBETA™ STRATEGY FEES AND EXPENSES

0.20% MANAGEMENT FEE1

+

0.15% FIXED ADMIN FEE1

Source: Bloomberg, as at April 30, 2021.

1 Plus applicable sales taxes.

2 Estimate only.

+

0.17% CARBON OFFSET FEE1,2

=

0.52%

• Estimated 0.17% of NAV is the approximate cost to clean the S&P/TSX 60 Index carbon footprint, based on the following: • Annualized cost based on Trucost verification (as at April 30, 2021) • Estimated 83.74 metric tonnes of CO2 per $1 million invested • Average price per carbon credit of US$20 per ton

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Portfolio Positioning

• A simple solution to decarbonize traditional indices.

• Transitionary solution for a carbon neutral world.

• Potential replacement to: - Canadian and US Large Cap mutual funds and ETFs - S&P/TSX 60 Index - S&P 500 Index - ESG and SRI mutual funds and ETFs. • Investors looking for a cost-effective carbon neutral solution.

• Greatest wealth transfer in history is driven by Millennials who typically: - Take an innovative approach to creating change - Believe in activism and are passionate about issues - Care about social issues, ESG and climate change.

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CleanBeta™ Commitment

• Purchase and retire high quality carbon credits.

• Advocacy provided through Glass Lewis proxy voting.

• CleanBeta™ web portal access will provide: • Viewing details of all carbon offset projects.

• Showcase specific projects.

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Videos

Weekly Newsletters

Monthly Fact Sheets & Product Sheets

Podcasts

Infographics

Webinars

Commentaries

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Evolve ETFs Web: evolveetfs.com Email: info@evolveetfs.com Toll-Free: 1.844.370.4884

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The World is evolving. Your investments should too.

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Sales & Trading Assistance

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