7‐Jan‐21

CLEVELAND‐CLIFFS INC 3.6%

MORGAN STANLEY 2.9%

EVERCORE INC 2.9%

AGCO CORP 2.9%

ALLY FINANCIAL INC 2.8%

AES CORPORATION 2.8%

MICRON TECH INC 2.8%

WALT DISNEY CO (THE) 2.7%

APPLIED MATERIALS INC 2.7%

HALOZYME THERAPEUTICS INC 2.7%

Excess Return 17.70 1 Year * 1st Quartile HP INC 2.7%

Std Dev 11.31 3 Year * 2nd Quartile ROSS STORES INC 2.7%

Sharpe 1.57 5 Year * 1st Quartile NIKE INC 2.7%

Beta 0.74 ALIGN TECHNOLGY INC 2.6%

Alpha 5.28 IDEXX LABORATORIES CORP 2.6%

R-factor 0.50 UBER TECHNOLOGIES INC 2.6%

Up-Market capture 89% ST JOE COMPANY 2.6%

Down-Market capture 61% UNIVERSAL DISPLAY CORP 2.6%

MATCH GROUP INC 2.5%

INVESCO LTD 2.6%

PAYPAL HOLDINGS INC 2.5%

CROCS INCORPORATED 2.5%

AXON ENTERPRISE INC 2.5%

ESTEE LAUDER COMPANIES INC 2.5%

Top 24 Holdings: 64.9%

7‐Jan‐21

1 Year 2 Year 3 Year 4 Year 6 Year 7 Year 8 Year 9 YearSince

Inception

Annualized Returns 14.6 14.8 12.3 13.6 12.8 14.5 19.5 18.9 18.9%Cumulative Return 14.6 31.7 41.5 66.5 106.3 158.2 315.2 376.1 376.1%

Annualized 2.2 10.3 2.5 3.3 3.0 3.6 4.3 4.3 4.3%Cumulative Return 2.2 21.7 7.6 14.0 19.1 28.0 40.2 45.8 45.8%

December, 2020

Seed Financial American Growth

TSX Composite

INVESTMENT STRATEGY

PORTFOLIO FACTS ‐ Since Inception

SECTOR    ALLOCATION

3.0%

0.0%

2.6%

2.8%

4.0%

7.9%

10.2%

10.8%

12.2%

13.5%

13.6%

19.5%

0% 10% 20% 30%

Cash

Energy

Real Estate

Utilities

Consumer Staples

Materials

Consumer Discretionary

Health Care

Industrials

Communication Services

Financials

Information Technology

80,000

100,000

120,000

140,000

160,000

180,000

200,000

220,000

240,000

260,000

280,000

300,000

320,000

340,000

360,000

380,000

400,000

420,000

440,000

460,000

480,000

500,000

Dec‐11

Jun‐12

Dec‐12

Jun‐13

Dec‐13

Jun‐14

Dec‐14

Jun‐15

Dec‐15

Jun‐16

Dec‐16

Jun‐17

Dec‐17

Jun‐18

Dec‐18

Jun‐19

Dec‐19

Jun‐20

Dec‐20

SEED FINANCIAL GROUP: Diversified American Growth

S&P 500 Benchmark Performance

TSX Composite Index

The Diversified American Growth portfolio offers a unique blend of investmentphilosophies and style diversification. The portfolio holds 40 stocks: 10 of the bestranked stocks from each of our 4 proprietary, diversified investment strategies ‐Value, Core Growth, Earnings Growth and Earnings Momentum. The averageRelative Strength ranking of all holdings must maintain a top quartile performanceranking. Equities will be temporarily replaced with cash to maintain top quartileranking during difficult market cycles. The portfolio is very actively managed toensure capital allocation is constantly optimized.

MIKE SEEDPORTFOLIO MANAGER

SeedFinancialGroup@cibc.com 780‐970‐5359

TOP EQUITY HOLDINGS

Diversified American Growth

MorningStar  Quartile Ranking

MIKE SEEDPORTFOLIO MANAGER

seedfinancialgroup@cibc.com 780‐970‐5359

Disclaimer: Performance results in this document are based on a composite of CIBC Wood Gundy Advisor Managed Account (“AMA”) retail accounts with more than $75,000 invested in the “strategy”. The composite includes open fee‐paying discretionary managed accountswhere the Strategy has been held for at least two months, through a purchase or a switch from another investment or a different AMA strategy. Also included in the composite are closed accounts that held the Strategy, up to the last full month the Strategy was held. Thecomposite was created in January 2011 and includes AMA performance data fromMarch 1, 2011, two months after the Strategy’s inception in the AMA program. Composite performance returns are geometrically linked and calculated by weighting each account’s monthlyperformance, including changes in securities’ values, and accrued income (i.e. dividends and interest), against its market value at the beginning of each month, as represented by the market value at the opening of the first business day of each month. This Strategy can bepurchased either in U.S. or Canadian dollars. Performance returns in this document are expressed in Canadian dollars and are calculated by converting U.S. dollar accounts into Canadian dollars using the month‐end Bank of Canada noon rate. Performance returns are gross ofAMA investment management fees, and other expenses, if any. Each individual account’s performance returns will be reduced by these fees and expenses. Individual Advisor Managed Account performance results may materially differ from those in this document due to theabove and other factors such as an account’s size, the length of time an AMA Strategy has been held, cash flows in and out of the individual account, trade execution timing, market conditions and movements, trading prices, foreign exchange rates, specific client constraints,and constraints against purchasing securities of related and connected issuers to CIBC Wood Gundy. Past performance may not be repeated and is not indicative of future results. This document is prepared for informational purposes only and is subject to change withoutnotice. This document is not to be construed as an offer to sell, or solicitation for, or an offer to buy any AMA strategy or other securities. Consideration of individual circumstances and current events is critical to sound investment planning. All investments carry a certaindegree of risk. It is important to review objectives, risk tolerance, liquidity needs, tax consequences and any other considerations before choosing an AMA strategy. This information, including any opinion, is based on various sources believed to be reliable, but its accuracycannot be guaranteed and is subject to change. CIBC and CIBC World Markets Inc., their affiliates, directors, officers and employees may buy, sell, or hold a position in securities of a company mentioned herein, its affiliates or subsidiaries, and may also perform financialadvisory services, investment banking or other services for, or have lending or other credit relationships with the same. CIBC World Markets Inc. and its representatives will receive sales commissions and/or a spread between bid and ask prices if you purchase, sell or hold thesecurities referred to above. © CIBC World Markets Inc. 2015. If you are currently a CIBC Wood Gundy client, please contact your Investment Advisor. CIBC Wood Gundy is a division of CIBC World Markets Inc., a subsidiary of CIBC and a Member of the Canadian InvestorProtection Fund and Investment Industry Regulatory Organization of Canada. *Top ten holdings currently in model. Individual account holdingsmay differ.

Diversified American Growth