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Yewno Emerging TechnologiesTechnology Changes EverythingEmerging technologies are transformative technologies that are likely to disrupt the real-economy. Companies thatare likely to bene�it from the adoption of emerging technologies can offer unique investment opportunities since IP-based metrics are naturally forward-looking and are derived from trustworthy and curated content sources.

Transforming Information Into Knowledge

Investing in the Future of HumanityYewno’s Emerging Technology datafeed provides factor scores across aset of 35 unique technologies.

The tracked emerging technologiesinclude computing and arti�icialintelligence related technologies,new industrial technologies such as3D printing or satellites, andenvironmental and energy relatedtechnologies like solar power andelectric vehicles.

Investing in these emergingtechnology themes dramaticallyoutperforms the NQGI globalbenchmark by naturally selectingcompanies from the index withstrong intellectual property assets,leading to superior risk adjustedreturns.

Yewno identi�ies key concepts related to each emergingtechnology, then scans millions of patents, leveragingadvanced techniques typically applied within the �ieldsof complex systems, computational linguistics andarti�icial intelligence.

Content sources:

1.9M+ granted patents from the US InternationalPatents O�ice (USPTO) from 2010-20181.6M+ granted patents from the World IntellectualProperty Organization (WIPO) from 2010-2018

Factors per emerging technology and company:

Patents: Number of granted patents within a 1-yearwindow related to the corresponding technologyIP Contribution Ratio: Ratio of entity IP in thetarget technology to the total IP produced relatedto the target technologyIP Pure Ratio: Ratio of entity IP in the targettechnology to the total entity IP

Speci�ications:

Global coverage of 3,000+ unique listed emergingtechnology companiesScores are generated since 2011Scores are updated on a weekly basis

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Arti�icial IntelligenceInvestment Strategy Case Study

The Emerging Technology data feedcan be utilized to constructportfolios focused on individualtechnologies of interest.

For example, we can compare theperformance of equally weightedportfolios of companies selectedfrom NQGI based on whether or notthey have Arti�icial Intelligencerelated patents such as those fromthe Deep Learning, NLP, ImageRecognition, or Speech Recognitionand Chatbots categories.

In this example, an investmentstrategy that focus on listedcompanies in NQGI with DeepLearning IP signi�icantlyoutperforms an investment strategythat focuses on companies withonly NLP research, but bothstrategies signi�icantly outperformthe NQGI benchmark.

Arti�icial Intelligence Investment StrategyEqual-Weighted Portfolio of Companies from NQGI by Technology

Intellectual Property Contribution RatioThe intellectual property contribution ratio factor allowsyou to break down which companies contribute themost to the research of a given emerging technology.

In this example, IBM, Alphabet, and Microsoft dominatethe Deep Learning research space for a 1-year windowending on January 1, 2018.

IBM is also a key player in Natual Language processing,and has many patents related to its famous Watsonsystem. Canon leads the Image Recognition space,however, and Dolby Laboratories generated the highestamount of Speech Recognition and Chatbot relatedintellectual property over the same window.

The IP Contribution Ratio factor can be used forscreening or even as a weighting factor for portfolioconstruction.

Deep Learning IP DistributionJanuary 1, 2018

Natural Language ProcessingIP Distribution for January 1, 2018

Image RecognitionIP Distribution for January 1, 2018

Speech Recognition & ChatbotsIP Distribution for January 1, 2018

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Electric Vehicles andLithium BatteriesInvestment Strategy Case Study

As another example, we can buildportfolios for a new theme from theEmerging Tech data feed bycombining sub-themes of interest.For example, if you wanted to trackboth Electric Vehicles and LithiumBattery intellectual propertyproducing companies, you coulduse both columns of the data feedto build a selection screen.

In this example, the Electric Vehiclesand Lithium Batteries portfolio isconstructed by allocating a 50%weight to the constituents of eachportfolio. Companies which appearin both indexes are overweighted.

A Custom Electric Vehicle StrategyEqual-Weighted Portfolio of Companies from NQGI by Technology

Electric VehiclesIP Distribution for January 1, 2018

Lithium BatteriesIP Distribution for January 1, 2018

Capture Multiple Market SegmentsBy combining the Electric Vehicleand Lithium Battery categories, youcan naturally diversify a portfoliothat tracks technologies useful forelectric cars in general.

In addition to traditional automativemanufacturers such as Toyota, acombined portfolio constructed thisway will also have heavy weights inbattery manufacturers and ITcompanies like LG Chemical, Sony,and NEC Corporation.

Mobile Payments andDigital CurrenciesInvestment Strategy Case Study

If you wanted to track companieswhich are investing in mobiletransaction technologies, you couldbuild a portfolio based on the DigitalCurrency and Mobile Paymentsintellectual property factors.

In this example, the MobilePayments and Digital Currenciesportfolio is constructed byallocating a 50% weight to theconstituents of each portfolio.

Once again, companies whichappear in both indexes areoverweighted.

A Custom Mobile Transactions StrategyEqual-Weighted Portfolio of Companies from NQGI by Technology

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The content of this presentation is proprietary and con�idential information of Yewno, Inc. It is not intended to be distributed to any third party without the written consent of Yewno, Inc.

Capture Shifts in IP Focus Over TimeIP Portfolio Case Study

The emerging technology data feedcan be used to analyze a givencompany’s patent portfolioevolution over time.

For example, Amazon was mainlyfocused on Big Data in early 2013,but quickly diversi�ied its patentportfolio to include a heavier focusin Virtual Assistant relatedtechnologies, with the obviousmanifestation of this research beingthe launch of the Echo smartspeaker and the accompanyingAlexa virtual assistant in June 2015.

Amazon.comEmerging Technology Patent Portolio Over Time

Tesla, Inc.Emerging Technology Patent Portolio Over Time

Adjust for AcquisitionsIP Portfolio Case Study

The Emerging Tech data feed isadjusted for acquisitions, namechanges, and spinoffs over time.

For example, when Tesla Motorsacquired SolarCity on November 1,2016, it signalled a shift in thecompany’s core business from anautomative and batterymanufacturer to something morebroad, expanding with products likethe Power Wall and Solar Roofs. Theacquisition of SolarCity includes alarge number of Solar Power relatedpatents and intellectual property,which is re�lected in the data feed.

Amazon.com Patent PortfolioEmerging Tech IP (January 31, 2018)

Tesla Patent PortfolioEmerging Tech IP (January 31, 2018)

IBM Patent PortfolioEmerging Tech IP (January 31, 2018)

Yewno, Inc., (“Yewno”) is an independent technology, data, research and arti�icial intelligence company. Yewno is notan Investment Advisor, Broker-Dealer, or Exchange as de�ined under the U.S. Securities Act of 1933, the SecuritiesExchange Act of 1934, the Investment Advisers Act of 1940 and any other related laws of the U.S. or any otherjurisdiction.

The information contained herein is for information purposes only. Nothing herein should be construed as an offer tobuy or sell securities or to give individual investment advice. The speci�ic investment objectives, �inancial situation,and particular needs of any speci�ic person receiving this document or related information, including information onthe Yewno.com website, has not been considered. Yewno does not solicit any securities trades or recommend anycompany or product. Investments in �inancial markets carry inherent risks, including the potential for the loss of allcapital. Yewno cannot and does not give any assurances that any index or investment will be pro�itable and does notguarantee any result. Past performance is not a guarantee of future results. No assurances can be given that any�inancial objectives will be achieved. The hypothetical and backtested information represented herein may be theresult of unique market conditions and may the result of assumptions which may not be presented again or may varymaterially in size, scope, duration or other important aspect. Yewno disclaims all liability stemming from the accuracy,timeliness, sequence or reliability of any and all information provided herein.

NASDAQ Global Index (“NQGI”) is a �loat adjusted market capitalization-weighted index designed to track theperformance of global equities covering most of the entire listed market capitalization of the global equity space.Investors generally cannot invest directly in an index. All information contained herein is presented as “gross” withoutincluding any possible fees or taxes.

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