Morningstar Disclaimer

Wealthsimple Direct Indexing is not sponsored, endorsed, sold or promoted by Morningstar, Inc. (“Morningstar”), any of its affiliates or subsidiaries, any of its direct or indirect information providers or any other third party involved in, or related to, compiling, disseminating, computing or creating any Morningstar Index (collectively, “Morningstar Parties”).  The Morningstar Indexes are the exclusive property of Morningstar.  Morningstar and the Morningstar Index names are service marks or trademarks of Morningstar and have been licensed for certain purposes by Wealthsimple Technologies Inc.  None of the Morningstar Parties make any representation or warranty, express or implied, to the owners of Wealthsimple Direct Indexing portfolios or any member of the public regarding the advisability of investing in Wealthsimple Direct Indexing portfolios or the ability of any Morningstar Index to track corresponding market performance.  Morningstar is the licensor of the Morningstar Indexes which are determined, composed and calculated by Morningstar without regard to Wealthsimple Technologies Inc. or Wealthsimple Direct Indexing portfolios. None of the Morningstar Parties has any obligation to take the needs of Wealthsimple Technologies Inc. or the owners of Wealthsimple Direct Indexing portfolios into consideration in determining, composing or calculating the Morningstar Indexes. None of the Morningstar Parties are responsible for or has participated in the determination of the prices and amount of the Wealthsimple Direct Indexing portfolios or the timing of the issuance or sale of the Wealthsimple Direct Indexing portfolios or in the determination or calculation of the equation by which the Wealthsimple Direct Indexing portfolios are converted into cash. None of the Morningstar Parties have any obligation or liability in connection with the administration, marketing or trading of the Wealthsimple Direct Indexing portfolios

THE MORNINGSTAR PARTIES EXPRESSLY DISCLAIMS ANY WARRANTY AROUND THE ACCURACY, COMPLETENESS AND/OR TIMELINESS OF THE MORNINGSTAR INDEXES OR ANY DATA INCLUDED THEREIN AND SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. THE MORNINGSTAR PARTIES MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY WEALTHSIMPLE TECHNOLOGIES INC., OWNERS OR USERS OF THE WEALTHSIMPLE DIRECT INDEXING PORTFOLIOS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE MORNINGSTAR INDEXES OR ANY DATA INCLUDED THEREIN. THE MORNINGSTAR PARTIES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE MORNINGSTAR INDEXES OR ANY DATA INCLUDED THEREIN AND WITH RESPECT TO THE CALCULATION AND DISSEMINATION OF THE INDEXES. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE MORNINGSTAR PARTIES HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.