TD Wealth Montreal - Thematics with Raj Lala

Future Cars

Cyber Security

THEMATICS Gender Diversity

Blockchain

Presented by: Raj Lala, President & CEO, Evolve Funds Group

Disclaimer 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 as a summary only and is qualified entirely by, and should be read in conjunction with, the more detailed information appearing in the prospectuses dated August 4, 2017, August 14, 2017, February 5, 2018 and March 21, 2018.

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.

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, forwardlooking 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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Thematics: Canada’s First Cyber Security ETF

Canada’s First Automobile Innovation ETF

Canada’s First Gender Diversity ETF

Actively Managed Marijuana ETF

Canada’s First Actively Managed Blockchain ETF

Income Strategies:

Core Active:

April 3, 2018 - Evolve ETFs Announces Filing of Preliminary Prospectus for the Evolve Innovation Index ETF (Ticker: EDGE).

Subject to Canadian securities regulatory approval.

3

Strong Growth in ETFs Canadian ETF Growth Highlights An ETF… • Is structured as a mutual fund • Can be listed and traded on an exchange like a stock • Can be traded intraday, shorted and bought on margin • Generally involves lower costs and better tax efficiency

As at December 31, 2017 Sources: National Bank Financial, Bloomberg

4

Cybercrime costs the global economy over $3 trillion annually.

1

1

The Threat is Real: A Look At the Cybersecurity Opportunity, CIBC Industry Update August 23, 2017

The Case for Cyber Security

#1

$6 trillion

risk facing enterprises today is arguably cybercrime1

the amount predicted to cost the global economy by 20211

Global Cyber Security Opportunity1 120 100

Reducing the cost of security breaches by only 10% can save global enterprises $17 billion annually.2

80

66

72

77

84

90

97

105

113

60 40

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

20 0

2013 2014 2015 2016 2017E 2018E 2019E 2020E

7.6% CAGR (Compound Annual Growth Rate) 1 Cybersecurity 2

Ventures, 2017 Edition Morgan Stanley, May 2017

6

7

8

The Explosion of Connectivity

Source: Gartner Research, February 2017

As technology gets more sophisticated, cyber attacks are becoming one of the biggest fears of CEOs.

Source: Lloyd’s, July 2017

Source: Lloyd’s and Cyence, July 2017

9

Cyber Security Investment is on the Rise

Source: Business Insider, Zion, October 2017 Market Research

10

Top 25 Holdings of CYBR NAME

WEIGHT

NAME

WEIGHT

1. Palo Alto Networks Inc.

8.52%

14. Qualys Inc.

2.73%

2. Fortinet Inc.

8.46%

15. Mimecast Limited

2.01%

3. Akamai Technologies Inc.

7.75%

16. CyberArk Software Ltd.

1.75%

4. Trend Micro Inc.

7.41%

17. SailPoint Technologies Holding Inc.

1.72%

5. F5 Networks Inc.

7.28%

18. NEXTDC Ltd

1.47%

6. Check Point Software Technologies Ltd.

6.90%

19. Imperva Inc.

1.45%

7. CSRA Inc.

6.64%

20. ForeScout Technologies Inc.

1.22%

8. Symantec Corporation

6.45%

21. Rapid7 Inc.

1.11%

9. Booz Allen Hamilton Holding Corp

5.62%

22. Radware Ltd

0.92%

10. Proofpoint Inc.

4.99%

23. NIC Inc.

0.87%

11. InterXion Holding

4.37%

24. Switch Inc.

0.56%

12. CACI International Inc.

3.64%

25. Digital Arts Inc.

0.53%

13. FireEye Inc.

3.11% As at March 29, 2018

11

Low Correlation to Traditional Technology Stocks Evolve Cyber Security Index ETF (CAD) NASDAQ 100 Currency Hedged CAD Index (CAD)

2018 Data as at April 5, 2018. Indices are unmanaged and their returns do not include any sales charges or fees. It is not possible to invest directly in market indices. Source: Bloomberg Finance L.P. Commissions, management fees and applicable sales taxes all may be associated with an investment in the exchange traded funds managed by Evolve ETFs (the "ETFs"). The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETFs. Please read the prospectus before investing. CYBR is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade name or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade name for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in CYBR nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in CYBR. 12

Canada’s First Cyber Security ETF Evolve Cyber Security Index ETF INDICATIVE YIELD2

AVERAGE MARKET CAP

MINIMUM MARKET CAP

NUMBER OF HOLDINGS

0.45%

CAD 6 BILLION

CAD 100 MILLION

31

MANAGEMENT FEE

MANAGEMENT EXPENSE RATIO (MER)

CLASSES

INDEX REBALANCING (MARKET CAP WEIGHT)

0.40%

0.55%

HEDGED & UNHEDGED

QUARTERLY

INDEX METHODOLOGY ▪ ▪

FactSet RBICS: Carrier Edge Network Management Equipment, Network Security Equipment, Data Center Services, Government IT Services, Network Security Software Minimum average daily value traded of CAD $2 million over the preceding 3 months GEOGRAPHIC ALLOCATION Name United States Israel Japan Netherlands Australia

As at March 29, 2018 1 Gross of MER 2 Includes fixed administration fee of 0.15%

Weight 76% 10% 8% 4% 2%

INDUSTRY ALLOCATION Name

Weight

Information Technology Telecommunication Services

98% 2%

13

The auto industry is poised to undergo the biggest transformation in a lifetime.

The Future of the Car is “ACES” Autonomous

Connected

ELECTRIC VEHICLES

Electric

Shared

AUTONOMOUS CRUISE CONTROL ESP SYSTEM

INFOTAINMENT

PRE-CRASH SYSTEM

BRAKE ASSISTING SYSTEM

LANE DEPARTURE WARNING SYSTEM

AIR BAGS 15

Autonomous Vehicles Will Save Lives Safety First

Deaths per million of vehicles

Deaths caused by road accidents, 1995-20153

1 World

Health Organization and the Association for Safe International Road Travel 2015 estimate by mid-century. CB Insights 2017.

3 BlackRock Investment Institute and the OECD, April 2017. Note: The lines indicate the rate of fatalities within 30 days of traffic accidents, with suicides excluded.

2 Researchers

1.3 million the number of traffic fatalities worldwide per year1

90% the number of traffic fatalities that could be reduced with driverless cars2

16

Connection Matters

Connected-car technology will become standard by 2020.

Source: BlackRock, McKinsey, April 2017

17

The Future Car is Electric

90% the percentage of worldwide vehicle production expected to be EVs by 20403

Ford

BMW

Nissan

$11 billion

25

1 million

The amount Ford plans to spend on electric cars1

Electrified models by 20254

The number of electric vehicles Nissan aims to sell by 20225

Volkswagen

Volvo

80

2019

2020

A hybrid or electric will be in every new model4

A hybrid or electric will be in every new model4

New electrified models by 20254

1 Ford

Motor Co. CEO on Jan 14, 2018 Oct 2 2017 3 International Monetary Fund (IMF): Riding the Energy Transition: Oil Beyond 2040 4 Digital Trends October 21, 2017 5 The Globe & Mail, March 2018 2 Fortune.com

Jaguar

Land Rover

Mercedes-Benz

Hyundai

GM

2022

31

20

An electrified version of every model in its lineup4

New ‘eco-friendly’ models by 20204

Electric car models on the road by 20232 18

Top 25 Holdings of CARS NAME

WEIGHT

NAME

WEIGHT

1. Autoliv Inc.

4.32%

14. Silicon Laboratories Inc.

3.45%

2. ams AG

4.19%

15. Integrated Device Technology Inc.

3.44%

3. Maxim Integrated Products Inc.

4.00%

16. Texas Instruments Inc.

3.39%

4. GS Yuasa Corporation

3.81%

17. STMicroelectronics

3.37%

5. Gentherm Incorporated

3.78%

18. Infineon Technologies

3.35%

6. NVIDIA Corporation

3.76%

19. Aptiv

3.33%

7. Ferrari

3.75%

20. Volkswagen

3.32%

8. Skyworks Solutions Inc.

3.73%

21. Ambarella Inc.

3.31%

9. Analog Devices Inc.

3.65%

22. MaxLinear Inc.

3.13%

10. NXP Semiconductors

3.58%

23. Ford Motor Company

3.08%

11. AAC Technologies Holdings Inc.

3.50%

24. General Motors Company

3.05%

12. EnerSys

3.49%

25. Plug Power Inc.

2.92%

13. Hella GmbH & Co KGaA

3.45%

As at March 29, 2018

19

The Transforming Auto Industry Solactive Future Cars Index (CAD) MSCI ACWI Automobiles & Components Index (CAD)

Data as at March 29, 2018. Indices are unmanaged and their returns do not include any sales charges or fees. It is not possible to invest directly in market indices. Source: Bloomberg Finance L.P. Commissions, management fees and applicable sales taxes all may be associated with an investment in the exchange traded funds managed by Evolve ETFs (the "ETFs"). The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETFs. Please read the prospectus before investing. CARS is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade name or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade name for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in CARS nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in CARS. 20

Canada’s First Automobile Innovation ETF Evolve Automobile Innovation Index ETF INDICATIVE YIELD2

AVERAGE MARKET CAP

MINIMUM MARKET CAP

NUMBER OF HOLDINGS

1.10%

CAD 34 BILLION

CAD 500 MILLION

29

CLASSES

INDEX REBALANCING (EQUAL WEIGHT)

HEDGED, UNHEDGED, AND USD

QUARTERLY

MANAGEMENT FEE

MANAGEMENT EXPENSE RATIO (MER)

0.40%

0.55%

INDEX METHODOLOGY ▪ ▪

FactSet RBICS: Car Manufacturers, Auto Interior Products, Fuel Cell and Technology Providers, Battery Manufacturing, Video Multimedia/Analog Semiconductors Minimum average daily value traded of CAD $5 million over the preceding 3 months

GEOGRAPHIC ALLOCATION

As at March 29, 2018 1 Gross of MER 2 Includes fixed administration fee of 0.15%

Name United States Germany United Kingdom Austria Sweden Japan Italy Netherlands China Switzerland

Weight 57% 10% 6% 4% 4% 4% 4% 4% 4% 3%

INDUSTRY ALLOCATION

Name Information Technology Consumer Discretionary Industrials Consumer Staples Energy

Weight 56% 31% 7% 3% 3%

21

Blockchain is Poised to Disrupt Multiple Industries

22

What is Blockchain? • •

Blockchain technology is software that enables a shared, distributed ledger to be created on a network of computers.

A list of records, or blocks, are cryptographically linked to one another via timestamps and other attributes.

Source: PwC, July 2016

23

Blockchain Applications & Disruption

Source: AcceleratingBiz, April 2017 24

Investing in the Evolve Blockchain ETF 1. Active Management ▪ Index investing in emerging sectors may be problematic ▪ Expert stock selection with risk management techniques ▪ Ability to invest in earlier stage companies at strong valuations

2. Global Exposure ▪ Anticipating an increase in global adoption of the blockchain industry ▪ The global market for blockchain is anticipated to reach US $60.7 billion in 2024.* Source: Blockchain: Market Shares, Strategies, and Forecasts, Worldwide 2018-2024, January 2018

3. Privates ▪ May invest up to 10% in unlisted issuers ▪ Participate in pre-IPO and M&A activity 25

Top 10 Holdings NAME

WEIGHT

WEIGHT

NAME

1. Mogo Finance Technology Inc.

6.72%

6. Glance Technologies Inc.

4.86%

2. Hive Blockchain Technologies Ltd

6.48%

7. SAP SE

4.49%

3. BTL Group Ltd.

5.86%

8. Deutsche Boerse

4.46%

4. DMG Blockchain Solutions Inc.

5.56%

9. Banco Bilbao Vizcaya Argentaria SA

4.43%

5. GoldMoney Inc.

5.54%

10. Thomson Reuters Corp

4.43%

Portfolio Constituents

27 Companies; equally weighted (4% each)

=

12 large cap, established leaders in their respective industries • market cap > $1B USD • 48% of portfolio

As at March 29, 2018

+

15 small cap, pure blockchain companies

• market cap < $1B USD • 52% of portfolio holdings 26

Evolve Blockchain ETF Evolve Blockchain ETF NUMBER OF HOLDINGS

MANAGER

CLASSES

27

EVOLVE FUNDS GROUP INC.

LINK (Unhedged)

MANAGEMENT FEE

MANAGEMENT EXPENSE RATIO (MER)

CURRENCY

0.75%

1.00%

CAD

GEOGRAPHIC ALLOCATION Name Canada United States Germany Spain France Finland Ireland As at March 29, 2018 1 Includes fixed administration fee of 0.25%

Weight 52% 22% 9% 5% 4% 4% 4%

INDUSTRY ALLOCATION Name

Weight

Information Technology Financials Consumer Discretionary

65% 29% 6%

27 27

Gender Diversity And Corporate Performance

Gender Diversity and Corporate Performance CS Gender 3000, The Reward for Change (September 2016) Companies that have significant numbers of women in leadership roles have historically outperformed others in terms of return on equity, operating results and stock price growth.

MSCI, The Tipping Point: Women on Boards and Financial Performance (December 2016) Global companies in 2015 with strong female leadership enjoyed 10.1% ROE vs 7.4% ROE for companies without strong female leadership.

Morgan Stanley, Quant Team (2016) North American high gender-diverse companies delivered an incremental ROE of ~1% relative to low gender diverse companies over a 3-year horizon; and 2.2% average annualized relative returns vs low gender diverse companies over 5 years.

29

The Importance of Gender Diversity Gender diversity has become important topic for global companies

Gender Diversity

= Corporate Performance Why? • Happier and more productive workforce • Overall better understanding of the end consumer • Organizations tend to have greater transparency and better governance

As at September 2015

Bottomline:

MORE FORWARD THINKING = BETTER PERFORMANCE 30

Equileap North American Gender Equality Index Equileap’s Unique Research Methodology • Fact-based methodology developed to assess companies on their gender equality • Scorecard utilizes 19 gender equality criteria covering four categories: Gender Balance in Leadership & workforce

Commitment to Women’s Empowerment

Equal Compensation & Work-Life Balance

Policies promoting gender equality

Selection Process for Index • Top 150 North American Large Caps - diverse, durable companies through a Gender Lens 3,000 GLOBAL COMPANIES (Equileap Gender Diversity Database) Minimum market cap US$ 2 billion Companies ranked by Equileap Gender Diversity Scorecard

1,000 NORTH AMERICAN COMPANIES

TOP 150 COMPANIES Sorted according to Equileap Gender Diversity Scorecard

TOP 150 COMPANIES Included in the Index, equal weighted 31

Diverse & Durable North American Companies NAME

WEIGHT

NAME

WEIGHT

1. Amazon.com Inc.

1.04%

14. ConocoPhillips

0.82%

2. Jones Lang LaSalle Inc.

0.95%

15. Motorola Solutions Inc.

0.82%

3. Intel Corporation

0.92%

16. ResMed Inc.

0.81%

4. Adobe Systems Inc.

0.91%

17. salesforce.com Inc.

0.81%

5. Estee Lauder Companies Inc.

0.89%

18. Texas Instruments Inc.

0.81%

6. Macy's Inc.

0.87%

19. Bank of America Corporation

0.80%

7. Cisco Systems Inc.

0.87%

20. Caterpillar Inc.

0.80%

8. ON Semiconductor Corporation

0.86%

21. NIKE Inc., Class B

0.80%

9. NVIDIA Corporation

0.86%

22. Xylem Inc.

0.79%

10. Marathon Oil Corporation

0.85%

23. Microsoft Corporation

0.79%

11. Marriott International Inc.

0.84%

24. Workday Inc.

0.79%

12. Verisk Analytics Inc.

0.83%

25. JPMorgan Chase & Co.

0.79%

13. Hess Corporation

0.82%

As at March 29, 2018

32

Gender Diversity and Corporate Performance Overall, companies that have demonstrated a commitment to corporate gender diversity historically outperform against the cumulative performance of major North American companies

Solactive Equileap North American Gender Equality Index NTR (CAD-Hedged)

MSCI North American NTR USD Index (CAD-Hedged)

Data as at March 29, 2018. Indices are unmanaged and their returns do not include any sales charges or fees. It is not possible to invest directly in market indices. Sources: Bloomberg Finance L.P., Solactive Equileap Commissions, management fees and applicable sales taxes all may be associated with an investment in the exchange traded funds managed by Evolve ETFs (the "ETFs"). The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETFs. Please read the prospectus before investing. Indices are unmanaged and their returns do not include any sales charges or fees. It is not possible to invest directly in market indices. HERS is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade name or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade name for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in HERS nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in HERS. 33

Large Caps with a Gender Lens Evolve North American Gender Diversity Index ETF NUMBER OF HOLDINGS

INDICATIVE YIELD1

AVERAGE MARKET CAP

MINIMUM MARKET CAP

2.35%

USD 72 BILLION

USD 2 BILLION

150

MANAGEMENT FEE

MANAGEMENT EXPENSE RATIO (MER)2

CLASSES

INDEX REBALANCING (EQUAL WEIGHT)

0.40%

0.55%

HEDGED & UNHEDGED

ANNUALLY with Quarterly Reviews

GEOGRAPHIC ALLOCATION Name United States Canada

As at March 29, 2018 1 Gross of MER 2 Includes fixed administration fee of 0.15%

Weight 87% 13%

INDUSTRY ALLOCATION Name Financials Information Technology Consumer Discretionary Industrials Consumer Staples Health Care Energy Materials Real Estate Utilities Telecommunication Services Other

Weight 16% 16% 14% 10% 9% 9% 7% 6% 5% 4% 3% 1%

34

Robotics & Automation

Cloud Computing & Big Data

COMING SOON: Future Cars

Genomics

Ticker: EDGE

Blockchain

Alternative & Renewable Energy

Social Media

Portfolio Positioning

36

MARKETING RESOURCES Quarterly Calls & Webinars

Infographics, Videos & Podcasts Newsletters

Press & Media Factsheets

Monthly Commentaries 37

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