Karner Blue Capital, LLC (hereinafter “KBC”) is a limited liability company organized under the laws of the State of Maryland. In January 2018, the firm registered as an investment adviser with the State of Maryland and then, effective as of September 6, 2019, the firm registered with the Securities and Exchange Commission and withdrew its state registrations. The firm is owned by two single-member limited liability companies: VLB KBC LLC, which owns 57 percent of KBC, and AKN KBC LLC, which owns 43 percent of KBC. Vicki Lynn Benjamin owns 100 percent of VLB KBC LLC and Andrew Kurt Niebler owns 100 percent of AKN KBC LLC. KBC’s Members have appointed Ms. Benjamin and Mr. Niebler as the firm’s Managers who act through the Management Committee to control the day-to-day activities of the firm other than the firm’s investment activity, which is controlled by the Investment Committee. The Investment Committee is comprised of Ms. Benjamin and Mr. Niebler. KBC has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $72,791 $0 March 27, 2024 KBC develops environmental, social and governance (“ESG”) investment strategies based on investment themes that provide investors with the opportunity to invest in accordance with their personal values and interests. Each KBC strategy is composed of companies that utilize production methodologies and engage in business operations having significant social and environmental impacts. Currently, KBC offers a range of thematic strategies including a Biodiversity Impact Strategy, a Conservation Strategy, a Vegan Momentum Strategy and a Blue Impact Strategy. These strategies are subject to change in number and description at KBC’s sole discretion. The securities utilized by KBC in designing each thematic strategy are mainly mid-cap, large-cap and mega-cap equity securities and American Depositary Receipts (“ADRs”), but KBC may invest in other securities if KBC determines that such securities are consistent with the applicable thematic strategy. These other securities may include small-cap and micro-cap equity securities

and exchange-traded funds (“ETFs”). KBC only utilizes long positions in managing each strategy. KBC aims to maximize each client’s exposure to each thematic strategy selected by that client across the full market cycle. Other than a small allocation to cash or cash-like financial instruments, such as money market mutual funds, KBC will remain fully invested in each strategy in rising and falling markets and will not attempt to identify entry and exit points for positions held in any client account or otherwise engage in any similar market timing activity. KBC provides investment advisory services through separately managed accounts (each, an “SMA”) on a discretionary basis. Based on the thematic strategy selected by a client and data regarding the client’s assets and investment objectives, investment guidelines are established for the client’s account, which may include reasonable restrictions on investing in certain securities or industry sectors (“Investment Guidelines”). However, if the restrictions prevent KBC from properly servicing the client account, or if the restrictions would require KBC to deviate from its standard suite of services and products, KBC reserves the right to decline to enter into or terminate the advisory relationship. Upon request, KBC may agree to manage client accounts on a non-discretionary basis. The suitability of any thematic strategy for a particular SMA client is determined based solely upon the information provided by the client in response to an account-opening questionnaire and data-gathering process. KBC relies on this information to evaluate the client’s assets, financial situation, investment objectives, risk tolerance, and investment time horizon (“Client Information”). KBC’s suitability assessment and the appropriateness of the Investment Guidelines are therefore dependent upon the accuracy and completeness of the information provided by the client. KBC periodically reallocates each strategy to reflect KBC’s then-current research and analysis regarding the applicable strategy. Strategy reallocations will occur on a schedule that will be determined by KBC in its sole discretion.