Investment Objective & Strategy

The OneVest Halal Portfolio seeks to maximize risk-adjusted returns while making investments that meet Shariah requirements and are compliant with Islamic law. The Portfolio achieves this objective by using a diversified set of investment products across various geographies and asset classes that meet Shariah compliance standards as set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).

Portfolio Holdings

The OneVest Halal Portfolio is constructed using a diversified portfolio of Shariah-compliant asset classes and investment strategies:

*The OneVest Halal Portfolio includes non-prospectus qualified investment funds that are offered through an Offering Memorandum and are therefore exempt from securities regulation. Additional details on these funds are provided below.

1. Manzil Mortgage Fund:
   • The Manzil Mortgage Fund is a non-prospectus-qualified investment fund that is offered through an Offering Memorandum.
   • OneVest does not compensate, or is compensated by Manzil in any way in placing you into this fund. The Fund's total Management Expense Ratio (MER) is 1.49%.
   • The Manzil Mortgage Fund is invested and redeemed weekly. Under typical circumstances, withdrawal requests can usually be met within a week.
   • In certain cases, and at Manzil's discretion, withdrawal requests over $20,000 from this Fund in a calendar month may be subject to additional restrictions and cash may not be received in your bank account for up to one year. While we do not anticipate this happening often, this clause is intended to protect all unitholders of the Fund.
   • Profits from the Fund are paid to you on a monthly basis.
   • The Fund invests in residential mortgages across Canada that are originated by Manzil. While these mortgages are fully collateralized, they may be subject to default and prepayment risk. Overall, OneVest deems the Fund to be a relatively low-risk investment.
2. OneVest Halal Equity Fund:
   • The OneVest Halal Equity Fund is a non-prospectus-qualified investment fund that is offered through an Offering Memorandum.
   • OneVest Management Inc. is the manager of the Fund and earns a management fee of 0.50% from the Fund. The Fund does not yet have an audited Management Expense Ratio (MER).
     Manzil acts as a consultant to the Fund relating to compliance with Shariah requirements and receives a fee from OneVest for this service.
   • The Fund’s investment objective is to provide long-term capital appreciation and quarterly distributions through investments in publicly traded North American companies whose business activities are consistent with Shariah principles and guidelines.

Portfolio Allocations (%)

The OneVest Halal Portfolio is available in five risk profiles:

Portfolio Performance (%) - Annualized

Note: performance is shown for illustration purposes only and is not based on actual client results, which may vary. Please see below for additional disclaimers.

Source: OneVest as of December 31, 2024. Portfolio inception date: August 1, 2022.

How are the distributions paid for the Manzil Mortgage Fund?

Distributions refer to the cash income you receive by being an investor in the fund. You are entitled to distributions for the period in which you are an investor in the fund.

In the case of the Manzil Mortgage Fund, the distributions are paid out in the month following the month in which you are an investor in the fund.

For example, in the Manzil Mortgage Fund, you'll receive a distribution in August for being an investor in the fund throughout the month of July, and you will receive a distribution in September for being invested in the fund throughout August, and so forth.

You officially become an investor in the fund when your purchase is processed on the NAV (net asset value), which occurs once a month.

In other words, there is always a start date of eligibility for shares held that is applied but, your distributions should be regular following this pattern moving forward. In the event you sell the fund in September, for example, you are still entitled to receive a distribution in the month of October.

Disclaimer

Manzil Invest is a strategic partnership between Manzil and OneVest Management Inc (“OneVest”). OneVest offers wealth management products and services to Manzil customers. OneVest Management Inc. is a registered Portfolio Manager in each of the provinces and territories of Canada and as an Investment Fund Manager in the provinces of Alberta, Ontario, Newfoundland and Labrador, and Quebec. Assets in your OneVest accounts are held with various custodians, each registered as an investment dealer with the applicable securities regulators. All custodians are members of the Canadian Investment Regulatory Organization (“CIRO”) and the Canadian Investor Protection Fund (CIPF). OneVest Management Inc. is a wholly-owned subsidiary of OneVest Technologies Inc. All trademarks are the property of their respective owners. OneVest will determine what investments are suitable for you.

This information should not be relied upon as investment advice, research, or a recommendation by OneVest Management Inc. (“OneVest”) regarding (i) the Funds, (ii) the use or suitability of the model portfolios or (iii) any security in particular. OneVest does not provide legal or tax advice and we encourage you to consult your own lawyer, accountant, or other advisors before making an investment.

The hypothetical performance information is shown for illustrative purposes only and is not based on actual results, which may vary. Hypothetical performance information is subject to inherent risks and limitations, and is shown gross of OneVest’s discretionary management fees, but net of any management expense ratios (MERs) of underlying funds and is calculated in Canadian dollars. No representations are being made that any proposal will achieve returns similar to the hypothetical information shown. Investors should not take this example or the data included as an indication, assurance, estimate or forecast of future or actual results. The actual performance returns may differ materially from the information shown for reasons including, but not limited to investment restrictions and guidelines, fees, timing of trade execution, investment/reinvestment of cash flows, treatment of dividends, interest fees charged including performance fees, portfolio rebalancing, borrowing fees on shorts, swap fees, the extent of leverage used, any use of derivatives, and fluctuations in the market. OneVest Management Inc. and its affiliates and related entities are not liable for any errors or omissions in the information or for any loss or damage suffered.

Your capital is at risk with any type of investment. The value of your portfolio with OneVest can increase or decrease. Past performance is no guarantee of future results. Please read our investment risk disclosure for more information.

An investment may be risky and may not be suitable for an investor's goals, objectives, and risk tolerance. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.

Investments in the OneVest Halal Portfolio involve risk, and there is no guarantee that the performance of any individual asset or the overall portfolio will meet expectations or be profitable. Past performance is not indicative of future returns.

Portfolio target allocations are subject to change at the discretion of OneVest’s portfolio managers. Target allocations may differ slightly from what appears in client accounts due to periodic market fluctuations.

The OneVest Halal Portfolio includes non-prospectus-qualified funds that are offered through an Offering Memorandum and are exempt from certain securities regulations.

The price movement of an index-based ETF may not track the underlying index and may result in a loss. ETFs may trade at a price below their net asset value (also known as a discount). All regulated investment companies are obliged to distribute portfolio gains to shareholders.

This document is not to be construed as an offer to sell, a solicitation for or an offer to buy, any products or services referenced herein (including, without limitation, any commodities, securities or other financial instruments), nor shall such Information be considered as investment advice or as a recommendation to enter into any transaction.