BennBridge US was formed in 2019 as a Delaware limited liability corporation. BennBridge US is a wholly-owned, indirect subsidiary of Bennelong Funds Management Group Pty Ltd (“BFMG”), which is a private Australian firm that partners globally, through its subsidiaries, with various investment managers to offer investment solutions to a variety of investors. BennBridge US became a SEC registered investment adviser under the Advisers Act, in September 2020. Registration as an investment adviser does not imply any level of skill or training. As of December 31, 2023, BennBridge US managed Client assets in the US in the amount of approximately $371 million. BFMG is a multi-boutique investment firm which takes indirect equity interests in investment managers established as boutiques. BFMG and certain of its subsidiaries provide each boutique working capital, compliance, operations and trading, distribution, fund, and sub- advisory support as well as a wide range of non-investment services. BFMG’s objective is to provide a rigorous structure that gives each boutique the same quality infrastructure and support offered by large institutional firms while enabling each of them to operate in a more personalized and entrepreneurial environment. BennBridge US utilizes databases, systems, and technology developed and utilized by BFMG’s subsidiary BennBridge Ltd (“BennBridge UK”). BennBridge US, in rendering investment advisory services, uses the resources, including personnel and boutiques of BFMG (the “Participating Affiliates”) through a “participating affiliate agreement” in which multi-national financial firms commonly rely upon the SEC’s positions in a line of no-action letters (the “Unibanco letters”). BennBridge UK, regulated and authorized by the United Kingdom’s Financial Conduct Authority and not registered with the SEC as an investment adviser under the Advisers Act, has indirectly entered a

Sub Investment Management Agreement with BennBridge US to share Participating Affiliate personnel with, and provide certain services to U.S. clients through, BennBridge US, the SEC registered adviser, without BennBridge UK or other Participating Affiliates registering under the Advisers Act. Each Participating Affiliate has entered into a Memorandum of Understanding (“MOU”) with BennBridge UK pursuant to which the “Participating Affiliate” as that term is used to allow U.S. registered investment advisers to use portfolio management and trading resources of advisory affiliates subject to the supervision of the BennBridge US, the SEC registered adviser. Through the Participating Affiliate Agreement, Participating Affiliates render portfolio management, research, or trading services to clients of BennBridge US. Investment personnel providing such services are considered to be “associated persons” of BennBridge US and are subject BennBridge US oversight and supervision. Currently one boutique, Skerryvore Asset Management LLP (“Skerryvore”) actively serves as a Participating Affiliate. Skerryvore provides Emerging Market Equity strategies: Skerryvore Global Emerging Markets Equity Strategy and Skerryvore Global Emerging Markets Equity All-Cap Strategy. BennBridge US is currently providing services to registered investment company, private fund and collective investment trust clients. BennBridge US tailors its investment advisory services to the investment objectives of each Client. These objectives are described in the governing documents for each fund and in the managed account agreement for any managed account clients. The assets of each client are managed in accordance with the terms of the documents governing the relationship with the applicable client. Please refer to Item 8 (Methods of Analysis, Investment Strategies, and Risks of Loss) of this Brochure for additional information regarding investment process and associated risks.