Cybersecurity: Protected our most valuable resource

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Evolve Cyber Security Index Fund TSX TICKERS: CYBR, CYBR.B & CYBR.U FUNDSERV: EVF150 & EVF151 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. Read a fund’s prospectus and consult your financial advisor before investing.


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. Read the fund’s prospectus and consult your financial advisor before investing. 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 November 14, 2019, November 15, 2019, December 19, 2019, April 28, 2020, August 17, 2020, and September 4, 2020. 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. Bloomberg and Bloomberg.com are trademarks and service marks of Bloomberg Finance L.P., a Delaware limited partnership, or its subsidiaries. All rights reserved. Morningstar and Morningstar Direct are trademarks and service marks of Morningstar Canada. All rights reserved. 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. Read a fund’s prospectus and consult your financial advisor before investing.

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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

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. Read a fund’s prospectus and consult your financial advisor before investing.

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What is Cybersecurity? Cybersecurity is the practice of protecting systems, networks, and programs from digital attacks. These cyberattacks are usually aimed at accessing, changing, or destroying sensitive information; extorting money from users; or interrupting normal business processes.

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. Read a fund’s prospectus and consult your financial advisor before investing.

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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. Read a fund’s prospectus and consult your financial advisor before investing.

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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. Read a fund’s prospectus and consult your financial advisor before investing.

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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. Read a fund’s prospectus and consult your financial advisor before investing.

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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. Read a fund’s prospectus and consult your financial advisor before investing.

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Recent Cyberbreaches

Source: https://www.informationisbeautiful.net/visualizations/worlds-biggest-data-breaches-hacks/ 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. Read a fund’s prospectus and consult your financial advisor before investing.

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Size of the Global Cybersecurity Industry $180

Revenue (in billions)

$160

$159

$160

$140 $120

$92

$100 $80 $60 $40 $20 $0

Cybersecurity Industry

Canadian Banking Industry

Canadian Real Estate Sector

Source: https://cybersecurityventures.com/cybersecurity-market-report/ Source: https://www.consulting.ca/news/835/canadian-banks-see-revenue-grow-61-to-159-billion-in-fy18 Source: Bloomberg 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. Read a fund’s prospectus and consult your financial advisor before investing.

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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. Read a fund’s prospectus and consult your financial advisor before investing.

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The Good Guys

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. Read a fund’s prospectus and consult your financial advisor before investing.

As at October 30, 2020.

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Cybersecurity Tips Update your username and password Don’t click on a link or attachment unless it’s from a trusted source Scroll over the email address of the sender if an email seems suspicious Avoid using public WiFi Make sure to keep your software updated Use two-factor authentication

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. Read a fund’s prospectus and consult your financial advisor before investing.

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Investment Opportunities in Cybersecurity ? Evolve Cyber Security Index Fund

ETF CYBR (Hedged) CYBR.B (Unhedged) CYBR.U (USD)

MUTUAL FUND EVF150 (Class F) EVF151 (Class A)

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

WHO SHOULD CONSIDER THIS ETF? Investors who are: • Interested in companies involved in the cyber security industry through hardware and software development • Seeking capital appreciation through having exposure to international equities in developed markets • Willing to take the risk associated with equity investments • Technology executives and tech business owners • Interested in Socially Responsible Investments (SRI) and Environmental Social Governance (ESG) mandates

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. Read a fund’s prospectus and consult your financial advisor before investing. 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. 14


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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. Read a fund’s prospectus and consult your financial advisor before investing.

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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. Read a fund’s prospectus and consult your financial advisor before investing.

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