Form ADV Part 2A, Item 4 A. Firm Overview Brooknoll Advisors, LLC (“Brooknoll” or the “Firm”) is a boutique investment advisory firm specializing in real asset investments globally. Brooknoll was formed in April 2018 and is wholly owned by Timothy (“Timo”) C. Fritzinger. B. Advisory Services Brooknoll advises sophisticated institutional and ultra-high net worth investors, as well as private funds organized on behalf of those investors, on all aspects of their real asset investment strategy. Brooknoll provides non-discretionary investment consulting services designed to help its clients achieve long-term investment returns in line with their objectives. Brooknoll seeks to advise its clients on investment strategy, identification and due diligence of suitable investment managers, implementation of investment recommendations, and ongoing monitoring and reporting of client investments. Brooknoll acts solely as an advisor and will not manage investments directly nor take custody of client assets. Brooknoll is an independent firm, wholly owned by its managing member and unaffiliated with any other investment advisor, and acts solely on behalf of its clients. Brooknoll works with its clients to identify and select third-party asset managers with specialized expertise in a particular area of real asset investments, which can help Brooknoll's clients achieve long-term risk-adjusted returns in accordance with their objectives. Managers targeted by Brooknoll may raise commingled funds to pool capital from numerous investors, may organize individual investment programs for each investor, or may acquire and manage single assets on behalf of investors; Brooknoll works with its clients to pursue the most suitable strategy to achieve their objectives. Most real assets managers sought by Brooknoll on behalf of its clients will be equity-oriented, (i.e. take an ownership position in the underlying assets), rather than debt- oriented, (i.e. financing equity owners). Academic research as well as long-standing investment experience demonstrates that, over a medium- to long-term investment horizon, equity-oriented investment provides better risk-adjusted returns and protection against inflation than debt-oriented investment. Brooknoll pursues managers that it believes possess durable advantages in the particular markets in which they invest. Examples of these types of advantages include broad and deep relationships with other industry participants, which results in strong access to investment opportunities, and accumulated principal experience that assists in understanding and avoiding or mitigating risk inherent in investment. Within real assets investment opportunities, Brooknoll will focus its efforts on managers pursuing control-oriented private equity strategies, as Brooknoll believes managers have more opportunity to exploit these advantages in private as compared to public markets. Real assets include, but are not limited to, investment classes such as real estate, energy including oil and gas, timberland, farmland, mining, infrastructure, renewable energy and other investments with a tangible asset as the primary source of investment returns. A more comprehensive list of the investment areas in which Brooknoll focuses its activities is provided below.
• Real estate includes all forms of commercial real estate. Underlying assets may include office, retail, hospitality, for-rent residential, and industrial properties as well as more specialized assets such as self-storage, assisted-living, or medical offices properties, as well as land for development for any of the property types described above.
• Energy includes includes interests in proven oil and natural gas reserves – both producing and undeveloped – and probable and possible reserves, as well as infrastructure involved in transporting, processing, and marketing oil and gas. Additionally, investment strategies that target companies engaged in providing essential equipment and services to the oil and gas industry, including field-level work, technical consulting services, and financing solutions also fall under oil and gas investing.
• Timberland includes land involved in the production of trees, as well as associated processing facilities to convert timber into various products for the construction, housing, furniture, paper and other forest products industries.
• Farmland includes land involved in the production of agricultural commodities, either as row cropland, permanent plantations, or pasture and grazing land, as well as facilities and businesses in the agricultural value chain.
• Mining includes interests in proven and prospective mineral resources, as well as assets and businesses involved in the processing, transportation and marketing of mineral commodities.
• Infrastructure includes public assets providing essential

services in transportation, such as roads, bridges, tunnels, airports, shipping terminals, and rail facilities, as well as other public sector services such as water provision and wastewater treatment, as well as private industrial assets such as power generation facilities and telecommunications assets.
• Renewable energy includes power generation assets such as solar panels and wind turbines, and the infrastructure and services associated with providing renewable power to national or local grids, utilities, or end-use consumers.
• Other real asset investments can include long-lived transportation assets, collectible assets such as art and jewelry, as well as intangible assets including royalties. C. Tailored Advisory Services Brooknoll’s principal activities include the development of a real assets investment strategy, the sourcing and identification of suitable investment managers, the due diligence of investment managers and their offerings, the ongoing monitoring and supervision of selected managers and their portfolios, regular reporting to clients on their investments and other activities as directed by Brooknoll’s clients. Brooknoll works closely with its clients and their other advisors to provide a tailored solution for each client based on its particular requirements, integrated with its broader investment portfolio. These activities are described more fully below.
• Brooknoll works with each client to determine an optimal real assets investment strategy to assist the client in achieving its desired investment objectives. Factors influencing the investment strategy may include return objectives, risk tolerance, investment time horizon, liquidity requirements, tax considerations, and investment restrictions on certain asset types or geographies. Brooknoll intends to work closely with its clients to develop a strategy tailored to each client’s requirements, and periodically review the strategy and investments to ensure that it remains relevant and appropriate.
• Brooknoll’s managing member has developed an extensive network of contacts across the real assets investment landscape over 19 years prior to forming Brooknoll, and uses his experience and judgement to identify suitable managers that can help Brooknoll’s clients meet their investment objectives as established in their investment strategy. Brooknoll leverages its relationships with investment managers, other institutional investors, other investment advisory firms, agents and other professionals in the industry to build and maintain an extensive database of managers and investment offerings that might be suitable options for its clients.
• Brooknoll undertakes extensive due diligence of all investment managers and their offerings, periodically refreshing the analysis to ensure that managers and their investment strategies remain relevant and capable of assisting Brooknoll’s clients to meet their investment objectives. Standard diligence includes a review of managers’ investment teams and their experience; analysis of investment strategy and prior returns, when available; review of managers’ operational capabilities, including back-office review; analysis of investment offerings’ legal terms; extensive references on managers.
• Brooknoll works alongside its clients’ legal and tax advisors to negotiate an appropriate economic, legal, and tax approach to implementing selected investments. Brooknoll reviews offering memoranda and legal agreements to ensure that they are consistent with market practice, and suggests proposed changes to the agreements to improve alignment and incentives between Brooknoll’s clients and their managers. Brooknoll does not provide legal or tax advice, but can draw on a network of advisors to assist its clients when requested.
• Brooknoll closely monitors its clients’ selected managers, visiting their offices on a regular basis and traveling to assets to review performance against managers’ stated investment objectives. Where practicable, Brooknoll attends all annual investor meetings on behalf of its clients and can serve as a client representative on advisory committees or in other oversight roles to ensure that managers adhere to their stated investment objectives and requirements. Brooknoll provides written summaries of all meetings as well as periodic updates on key investment results. Brooknoll schedules regular in- person updates with its clients to review investment results and performance relative to the agreed investment strategy. D. Wrap Fee Programs Brooknoll does not participate in any wrap fee program. E. Assets Under Management As of December 31, 2023, Brooknoll advises on $807,220,144 in assets, including $762,783,027 in assets under its non-discretionary management, and $44,437,117 in real estate assets to which Brooknoll serves as adviser.