The next step in providing you with consistent, higher returns. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ We’re making some changes to our managed portfolios Hi there, After careful consideration, we are updating the assets in our managed portfolios. Our analysis identified an opportunity to offer potentially higher returns with similar or only minimally higher levels of risk. There's no action required from you, and changes will go into effect over the next few weeks. What's happening? 1. We’re adding more North American exposure Having the right allocation across markets raises the probability of hitting your goals over time. By increasing Canadian exposure in our portfolios, we put you in a better position to keep pace with rising local costs and minimize currency exposure. Plus, relative to the emerging markets this increased position is replacing, you’ll see significant savings when it comes to management expense ratios and taxes. Because our original allocations were so diversified, we can make this change and still have an optimal level of diversification. 2. We’re adding diversification and additional return to our bond holdings Given the current interest rate environment, investors aren’t earning an adequate premium for tying up their money in longer-term bonds. We will maintain some exposure to Canadian and U.S. treasuries through bond aggregate indexes in order to cushion the portfolio during prolonged economic slowdowns. But we are shifting away from those relatively unattractive rates and into a broad basket of higher-yielding debt, including Treasuries and corporate bonds. We’re also adding U.S. bonds for additional diversification and including a currency hedge to insulate against swings in the U.S. dollar. Here are the new exposures for our Growth portfolio: Why are we making these changes now? Our mission is to deliver strong, reliable returns that match your long-term goals and comfort with risk. This adjustment keeps us on that path. Will there be tax implications? If your investments are held in an RRSP, TFSA, or other tax-advantaged account, no tax implications will results from these changes. If you are invested in non-registered accounts, we’ve carefully considered your situation while building the new portfolio to account for the realization of capital gains. There may be cases where you realize capital gains in this migration, but we believe the resulting taxes will be offset by the long-term positive effect. What if I have more questions? Please reach out to our support team or your advisor. All the best, Steve Katuska Senior Director, Investment Research Wealthsimple, 80 Spadina Ave Suite 400 Toronto, ON, M5V 2J4 Refer a Friend Privacy Policy Replies to this email address are not monitored. Have questions? Visit our Help Centre or contact us. Managed accounts are offered by Wealthsimple Inc., a registered portfolio manager in each province and territory of Canada. © 2026 Wealthsimple Technologies Inc.