Registration Status – Registration by the U.S. Securities and Exchange Commission in November 2020 Registered with the State of California in August 20061 Registered with the State of Washington in September 2013 Registered with the State of Texas in May 2020 Principal Owner – Alex Gutt Assets Under Management Discretionary Assets – $132,247,887 (as of December 31, 2023) Non-discretionary Assets – $0 ADVISORY SERVICES2 Investment Management Services AlpenGlobal Capital, LLC (“AlpenGlobal” or sometimes “Advisor” or “the Firm”) provides portfolio management and financial planning and financial consulting services to its clients. In providing its services, AlpenGlobal acts as a fiduciary in relation to its clients. The Firm and its staff are subject to principles of fiduciary duty, which dictate that the Firm conduct its business in a manner that places the interests of its clients, ahead of those of the Firm and its employees and to disclose to clients any and all potential conflicts of interest that may impair its ability to do so. This Form ADV Part 2A describes the Firm’s business and makes numerous important disclosures related to its investment management and financial planning services. AlpenGlobal constructs and actively manages client portfolios investing primarily in individual global equity positions based on fundamental research, communication with management teams and in-depth financial analysis of companies to identify secular global trends, potential company and industry catalysts, as well as discovering undervalued companies. The Firm takes a long-term perspective on client portfolios and the investment recommendations, while actively managing the portfolio on a day-to-day basis. The Firm’s portfolio manager consults with each client to design an individualized investment plan based on a number of factors including the client’s financial condition, investment goals and objectives, risk tolerances, asset class preferences, time horizons, liquidity needs and other factors. Our portfolio manager helps each of the Firm’s clients identify a strategic asset allocation that is consistent with the client’s investment objectives and other client criteria. AlpenGlobal requires a minimum of $100,000 placed under management per client relationship. Clients may make additions to and withdrawals from their investment account at any time, subject to the Firm’s right to terminate an account if the amount of assets drops below our account size minimum. Clients may withdraw account assets with notice to the Firm, subject to the usual and customary securities settlement procedures. However, we design client portfolios as long-term 1 “Registration” means only that the Firm meets the minimum requirements for registration as an investment advisor and does not imply that the Securities and Exchange Commission guarantees the quality of the Firm services or recommends them. 2 The Firm does not sponsor, nor does it provide portfolio management services to wrap fee programs offered by broker-dealers or others. investments and caution our clients that asset withdrawals may impair the achievement of the client’s investment objectives. Additions to an account may be in cash or securities provided that our portfolio manager may decline to accept particular securities into a client’s account or may recommend that the security be liquidated if it is inconsistent with the Firm’s investment strategy or the client’s investment objectives. Clients are advised that when transferred securities are liquidated, they may be- subject to transaction fees, fees assessed at the mutual fund level (i.e. contingent deferred sales charge) and/or tax ramifications. Financial Planning Services AlpenGlobal provides financial planning analyses included with its investment management services for those clients that would benefit from such planning. Financial planning services may include a financial review and analysis of some or all of the following areas:
• Determining Financial Goals And Objectives
• Asset

Allocation Review
• Retirement Plan Analysis
• Employee Stock Option Analysis
• Current Portfolio Review
• Education Funding Analysis
• Cost Audit of Current Investments
• Cash Flow Management Review
• Review of Insurance Needs
• Mortgage and Refinance Evaluation
• Estate Plan Review or Development
• Charitable (or social capital) Panning
• Opinion on Current Investment Strategy/Advisors
• Other financial or investment analysis Fiduciary Status When AlpenGlobal Capital provides investment advice to you regarding your investment accounts, including your retirement plan account or individual retirement account, we are fiduciaries within the meaning of certain state and federal laws such as the Employee Retirement Income Security Act and/or the Internal Revenue Code and the regulations of the U.S. Securities and Exchange Commission, as applicable. These regulations require us to act in your best interest and not put our interests ahead of yours. General Notices In performing its services, AlpenGlobal is not required to verify any information received from the client or from the client’s other professionals (e.g., attorney, accountant, etc.) and is authorized to rely on such information as provided. Clients must promptly notify us of any change in their financial situation or investment objectives that would necessitate a review or revision by our advisors of the client’s portfolio and/or financial plan. The Firm may recommend its own investment management or financial planning services or those of other professionals to implement investment recommendations. Clients are advised that a conflict of interest exists if the Firm recommends its own services and that recommendations that favor securities investments over other investments such as limited partnerships, real estate or insurance products may affect total assets under management upon which we base our investment management fee. Advisor Does Not Provide Comprehensive Tax or Accounting Advice In providing investment management services, Advisor’s decisions and recommendations may include the consideration of the possible alternative tax consequences incidental to such decisions and recommendations. However the Firm does not undertake to provide comprehensive tax or accounting advice or counseling. Although we may prepare reports to assist our clients with the preparation of tax returns, such reports do not represent the advice or approval of tax professionals. We advise clients to consult a tax professional in order to determine the tax and accounting consequences of investments in their accounts. TERMINATION OF AGREEMENT Clients may terminate the investment management agreement upon 30 days written notice to AlpenGlobal. The Firm does not assess any fees related to termination but will be entitled to all management fees earned up to the date of termination. Any unearned fees owed to the client will be refunded by AlpenGlobal on a pro rata basis determined on the amount of time expired in the calendar quarter. AlpenGlobal may terminate the investment management agreement upon 30 days’ written notice to the client. Any unearned investment management fees owed to the client will be refunded on a pro rata basis determined on the amount of time expired in the calendar quarter. If a copy of this Form ADV Part 2A disclosure statement was delivered to the client less than 48 hours prior to a client entering into a written advisory contract with Advisor, then the client has the right to terminate the contract without penalty within five (5) business days after entering into the contract. For purposes of this provision, a contract is considered entered into when all parties to the contract have signed the contract. If a client terminates the contract on this basis, all fees pre-paid by the client will be refunded. Any investment action directed by a client or taken on a client’s behalf with the client’s consent during such 5-day period may involve assessments made by third party custodians or executing broker-dealers. Any transaction costs imposed by an executing broker or custodian for establishing the custodial account or for trades occurring during those five days may not be refunded by applicable broker-dealer.