Slide 1: WisdomTree AI Enhanced Value Strategies (AIVL/AIVI)
December 2025 WisdomTree AI Enhanced Value Strategies (AIVL/AIVI)
Slide 2: Machine vs. Human: A Brief History of Artificial Intelligence
Machine vs. Human: A Brief History of Artificial Intelligence + Since the late 1990’s, AI has been beginning to beat humans at complex tasks + AI’s ability to identify complex relationships offer it the unique ability to solve problems in ways inconceivable to humans + With the abundance of data, in
Slide 3: An Evolution for Value Investing
An Evolution for Value Investing Reducing the dependency on human capital and the risk of human bias Active Management Smart Beta AI Enhanced Management + Dynamic value exposure at the + Systematic value exposure with + Dynamic value exposure with I just sit in my expense of limited transparency + C
Slide 4: Introducing the WisdomTree AI Enhanced Value Strategies
Introducing the WisdomTree AI Enhanced Value Strategies AIVL WisdomTree U.S. AI Enhanced Value Exchange: NYSE Expense Ratio: 0.38% + Actively managed ETF strategies leveraging Voya Equity Exposure: U.S. Equities Machine Intelligence (EMI) and their fundamentally-driven machine learning approach + Pr
Slide 5: Voya Equity Machine Intelligence (EMI)
Voya Equity Machine Intelligence (EMI) Voya Investment Management is an experienced equity manager with a strong heritage of fundamental and quantitative investing, having applied artificial intelligence to fundamental investing since 2012 Artificial Intelligence The EMI Model + Provides the ability
Slide 6: Investment Process Overview
Investment Process Overview 1. Data – Applying Rigor of Bottom-Up Research Universe of Market & macro Analyst Ownership Company ESG 1000+ stocks data estimates data financial data HUMAN 2. Features – Scale Analyst Research Market Sentiment Fundamental ESG* 3. Stock Selection (AI) – Remove Emotion fr
Slide 7: 1. Data: A Comprehensive Starting Point
1. Data: A Comprehensive Starting Point + Robust and diverse data sources serve as + Real-time price, sentiment and macroeconomic data Market, Sentiment + Management guidance and inside ownership data foundational input & + Institutional and hedge-fund ownership data Macro Data + 10,000+ unique data
Slide 8: 2. Identifying Features: Going Beyond Factors
2. Identifying Features: Going Beyond Factors + Features provide a deep, holistic view of each company 6 - 18 months + 250+ features built and refined in-house 1 - 3 months 3 - 6 months 1 - 20 days at Voya (over 6,500 hrs of R&D work) Time Horizon + Multiple forecast horizons Market / Macro Features
Slide 9: 3. Stock Selection: Hypothetical Buy/Sell Example
3. Stock Selection: Hypothetical Buy/Sell Example + Team of virtual analysts look for sustainable patterns in 20 years+ of fundamental and sentiment data to build dynamic investment criteria Example Security Selection Criteria for Virtual Analysts IF Industry Group: Software & Services 38 & ROIC > 7
Slide 10: 3. Position Sizing: Virtual Traders
3. Position Sizing: Virtual Traders + Virtual traders (VTs): – Inform entry/exit timing and position sizing – Look at data for imbalance in short term risk/reward profile (time frame < 3 months) – Can reduce position size for a fixed period (VTs can only reduce risk) – 12 of 45 VTS are dedicated to
Slide 11: 4. Portfolio Construction & Risk Management
4. Portfolio Construction & Risk Management Features Virtual Analysts Virtual Traders Virtual PM Human Team + Layered models and human oversight Trade Execution result in robust, data-driven portfolios Raw Preprocessed Security Timing & Risk Managed Data Features Selection Position Portfolio Sizing
Slide 12: 5. Verify and Execute the Portfolio
5. Verify and Execute the Portfolio + Benefits of “Human in the Loop” – Avoids risk of algorithm crashes experienced by high frequency traders – Close monitoring of trading implementation until execution is complete Portfolio Management PMs review trades prior to being sent to portfolio management H
Slide 13: Example of Asymmetric Risk/Reward Pattern
Example of Asymmetric Risk/Reward Pattern + Value: Cheap relative to peers and history (assets, revenue 16.00 per employee, P/sales) 15.00 + Sentiment: Sell side analysts negative; price target lowest 14.00 in history; various signals of investor capitulation 13.00 + Technicals: Price bottoming, rel
Slide 14: How Can WisdomTree AI Enhanced Value Fit in a Portfolio?
How Can WisdomTree AI Enhanced Value Fit in a Portfolio? + AIVL and AIVI seek to provide an actively managed value strategy, with varying value characteristics designed to avoid drawdowns in single metrics – We believe the strategies are well fit for mid- and large capitalization Core value allocati
Slide 15: AIVL Characteristics
1. AIVL Characteristics WisdomTree AI Enhanced Value Strategies 15
Slide 16: AIVL Characteristics: Fundamentals
AIVL Characteristics: Fundamentals Fundamental Characteristics 10.0% AIVL S&P500 Index 9.0% 8.2% 22.5% 25.0% 8.0% 7.0% 20.0% 5.7x 6.0% 5.0% 3.6% 15.0% 11.3% 4.0% 2.8x 3.0% 1.9% 10.0% 1.5% 1.3% 2.0% 1.1% 1.0% 5.0% 0.0% – Dividend Yield (LHS) Net Buyback Yield (LHS) Return on Assets (LHS) Price/Book (
Slide 17: AIVL Characteristics: Sectors and Market Cap
AIVL Characteristics: Sectors and Market Cap AIVL Over/Under-Weight vs. Russell 1000 Value Index Market Cap Communication Services -4.1% Consumer Discretionary -4.0% 9% Consumer Staples -3.5% Materials -1.3% Financials -1.2% LargeCap Real Estate -0.7% MidCap Energy 0.1% Health Care 0.9% Utilities 3.
Slide 18: AIVI Characteristics
2. AIVI Characteristics WisdomTree AI Enhanced Value Strategies 18
Slide 19: AIVI Characteristics: Fundamentals
WisdomTree AI Enhanced Value AIVI Characteristics: Fundamentals Fundamental Characteristics 10.0% AIVI MSCI EAFE Index 9.0% 17.2% 16.9% 8.0% 17.0% 7.0% 6.4% 16.8% 6.0% 16.6% 5.0% 4.4% 4.3% 16.4% 4.0% 16.2% 2.7% 15.8% 16.0% 3.0% 2.2x 1.5% 1.4x 15.8% 2.0% 1.2% 15.6% 1.0% 15.4% 0.0% 15.2% Dividend Yiel
Slide 20: AIVI Characteristics: Sectors, Geography, and Market Cap
AIVI Characteristics: Sectors, Geography, and Market Cap AIVI Over/Under-Weight vs. MSCI EAFE Index Information Technology -7.3% Health Care -5.2% Industrials -4.7% Consumer Discretionary -3.2% Communication Services -2.6% Utilities -0.1% Materials 0.3% Consumer Staples 0.7% Real Estate 1.8% Energy
Slide 21: WisdomTree International AI Enhanced Value Fund (AIVI) Performance
WisdomTree International AI Enhanced Value Fund (AIVI) Performance Data as of December 31, 2025 Cumulative Returns Average Annual Total Returns as of December 31, 2025 Name QTD YTD 1-Year 3-Year 5-Year 10-Year Since Inception WisdomTree International AI Enhanced Value Fund (NAV) 6.33% 38.03% 38.03%
Slide 22: WisdomTree U.S. AI Enhanced Value Fund (AIVL) Performance
WisdomTree U.S. AI Enhanced Value Fund (AIVL) Performance Data as of December 31, 2025 Cumulative Returns Average Annual Total Returns as of December 31, 2025 Name QTD YTD 1-Year 3-Year 5-Year 10-Year Since Inception WisdomTree U.S. AI Enhanced Value Fund (NAV) 1.03% 9.63% 9.63% 10.07% 8.96% 8.16% 7
Slide 23: Important Information
Important Information Please see the WisdomTree Glossary for definition of terms. This information must be preceded or accompanied by a prospectus or, if available, the summary prospectus. We advise you to consider the Fund’s objectives, risks, charges and expenses carefully before investing. The pr
Slide 24: Important Information
Important Information The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree, Inc. Neither MSCI, S&