Slide 1: WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE)
Q2 2026 WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE)
Slide 2: Gold Exposure: There are Multiple Ways to Access
Gold Exposure : There are Multiple Ways to Access Gold Gold Miners • Physical Gold • Pure Play Exposure* • Gold Futures + Gold Miners that hedge their exposure to gold prices + Gold Miners that do not hedge their exposure to gold prices • Diversified Miners Source: WisdomTree. *Pure Play Gold Miners
Slide 3: Gold update
1. Gold update WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) 3
Slide 4: Dollar appreciation a headwind for gold
4 Dollar appreciation a headwind for gold Gold and US Dollar 200% -30% -20% 150% -10% Gold 100% Dollar 0% 50% 10% 0% 20% -50% 30% 1983 2001 1971 1973 1975 1977 1979 1981 1985 1987 1989 1991 1993 1995 1997 1999 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 Gold (Left) Dollar (Right Inve
Slide 5: Geopolitical risks rise with the Iran war
Geopolitical risks rise with the Iran war Gold and Geopolitics Gold and geopolitical risks 600 575 90% 550 525 500 70% 475 Geopolitical Risk Index 450 425 400 50% 375 350 Gold price (y-o-y) 325 300 30% 275 250 225 200 10% 175 150 125 -10% 100 75 50 25 -30% 0 1999 2024 1985 1986 1987 1988 1989 1990 1
Slide 6: Gold often declines before rising during geopolitically sensitive events
6 Gold often declines before rising during geopolitically sensitive events Gold price performance after geopolitical events 1.5 Price indexed to 1 at start of event 1.4 1.3 1.2 1.1 1 0.9 0.8 0.7 15 41 73 99 11 13 17 19 21 23 25 27 29 31 33 35 37 39 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 75 77
Slide 7: Gold has historically been a strong inflation hedge
7 Gold has historically been a strong inflation hedge Gold price and Inflation 160% 16% 140% 14% 120% 12% US CPI Inflation, y-o-y 100% 10% 80% 8% Gold Price, y-o-y 60% 6% 40% 4% 20% 2% 0% -20% 0% -40% -2% -60% -4% 1973 1995 2001 1971 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1997 1999 2003 2
Slide 8: Gold prices corrected sharply after January 2026 high; ETP outflows
After reaching an all-time high price in January 2026, gold prices corrected sharply on the downside. Gold in ETPs saw outflows during the correction. Net speculative positioning in gold futures Gold held in exchange-traded-products (ETPs) 400000 115 5700 350000 110 5200 300000 4700 Troy ounce Milli
Slide 9: Central bank demand strong. Record highs in Dollar terms.
Central bank demand strong. Record highs in Dollar terms. Central Bank Demand for Gold Central Bank Demand for Gold 120 1200 100 1000 Billion Dollars 80 Tonnes 800 60 600 400 40 200 20 0 0 -200 -20 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Source: WisdomTree, World Gold Council, Q1 2010 to Q1 2026 as of June 30, 2026
Slide 10: Gold as a Financial Hedge
Gold as a Financial Hedge Gold returned positive performance in 15 of the 20 worst quarters for S&P 500 20% Quarterly Returns 10% Worst 20 Quarters in S&P 500 since 1967 0% -10% -20% -30% S&P 500 TR Index Gold Q3 1974 Q4 1987 Q4 2008 Q1 2020 Q2 1970 Q3 2002 Q2 2022 Q3 2001 Q3 2011 Q3 1990 Q4 2018 Q2
Slide 11: Gold as a Tactical or Strategic Investment
Gold as a Tactical or Strategic Investment Gold can be viewed as a tactical Using Gold also strategically could investment… benefit investors • It can potentially serve as a financial • It can act as a potential hedge during a and geopolitical hedge market downturn • It can potentially serve as an i
Slide 12: Gold and U.S. Equities
2. Gold and U.S. Equities WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) 12
Slide 13: Gold has Historically been a Strong Diversifier
Gold has Historically been a Strong Diversifier Gold 5Y rolling correlation with US Equities and US Treasury Bonds + The 5-year correlation between Gold and U.S. 0.6 equities remained below 20% over the last 33 0.4 years. Rolling Correlation 0.2 + The 5-year correlation between Gold and U.S. 0 Treas
Slide 14: Gold has Historically been a Strong Diversifier
Gold has Historically been a Strong Diversifier 5-Year Correlation with the S&P 500 Index 0.9 84% 79% 0.8 70% 0.7 5 Year Correlation 0.6 53% 0.5 0.4 0.3 0.2 15% 13% 0.1 0 Gold US Treasury Russell 2000 MSCI EAFE Bloomberg Commodity US Corporate Source: WisdomTree, Bloomberg. As of June 30 2026, using
Slide 15: Risk and Return Considerations of Mixing Gold and Equities
Risk and Return Considerations of Mixing Gold and Equities Returns of a leveraged portfolio mixing Gold and US Equities (Starting at $1000 on 11/30/1999) $50,000 $40,000 $30,000 $20,000 $10,000 $0 Nov 99 Nov 01 Nov 03 Nov 05 Nov 07 Nov 09 Nov 11 Nov 13 Nov 15 Nov 17 Nov 19 Nov 21 Nov 23 Nov 25 S&P 5
Slide 16: Defensive on the Downside, Offensive on the Upside
Defensive on the Downside, Offensive on the Upside 10% Asset Performance accross Equity cycles (1999-2026) Key historical observations: Average Monthly Returns 0% + Equities are cyclical + Historically, gold does well at both extremes – -10% when equites performed poorly and when equities US Equitie
Slide 17: WisdomTree Efficient Gold Plus Equity Strategy Fund
3. WisdomTree Efficient Gold Plus Equity Strategy Fund WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) 17
Slide 18: How is GDE Structured and Where Can it Fit in a Portfolio?
How is GDE Structured and Where Can it Fit in a Portfolio? Where GDE can fit within a portfolio: An innovative and capital efficient substitute for Why GDE now? How is GDE structured? large cap U.S. equity, multi-asset, or alternative • Provides exposure to a market capitalization weighted ETFs • Am
Slide 19: WisdomTree Efficient Core ETFs provide capital efficient exposure
WisdomTree Efficient Core ETFs provide capital efficient exposure to core traditional portfolio exposures: market capitalization weighted basket of the largest 500 U.S. equities with gold futures exposure layered on top. GDE WisdomTree Efficient Gold Plus Equity Strategy Fund 180% Exposure: 160% 140
Slide 20: WisdomTree Efficient Gold Plus Equity Strategy Structure
WisdomTree Efficient Gold Plus Equity Strategy Structure Efficient Gold Plus Equity Strategy Construction 10% Cash Collateral • 500 largest U.S. equities • Market capitalisation weighted Pure - Play Equity Basket • $90 invested in equity exposure for every $100 invested • U.S. listed gold futures co
Slide 21: Important Information
Important Information Please see the WisdomTree Glossary for definitions of terms and indexes. Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. For a prospectus or, if available, the summary prospectus containing this and other