Description of Firm Fairlead Strategies, LLC d/b/a Fairlead Strategies ("Fairlead") is an SEC Registered Investment Adviser and is based in Greenwich, CT. We are organized as a limited liability company under the laws of the State of Connecticut. Fairlead Strategies was founded in February 2018. The principal owner of Fairlead Strategies is Katherine T. Stockton. The following paragraphs describe our services and fees. As used in this brochure, the words "we, “our," and "us" refer to Fairlead Strategies and the words "you," "your," and "client" refer to you as either a client or prospective client of our firm. Research Consulting and Market Timing Services Fairlead provides three types of services: Subscription Services Fairlead provides technical strategy research of the global financial markets to individual (retail) and institutional investors. In general, we employ a disciplined and systematic approach to technical analysis focused on the identification of important trends, and support and resistance levels, for securities and the markets. We utilize tools to facilitate tactical market timing and positioning to complement fundamental research. Our advice focuses primarily on United States equites with a secondary focus on global equities, commodities, currencies, cryptocurrencies, and Treasury yields. Some of our research consulting services are market timing sensitive, which means our research can include recommendations for long/short strategies for specific stocks and ETFs that can be considered actionable by the client on the specific day the research is disseminated. Our research and investment advisory services are provided by subscription. The level of service to each client will depend upon the subscription as follows:
• Basic Plan- (research only) Basic Plan subscribers receive a weekly research report titled Fairlead Tactics that covers equities, commodities, currencies, and Treasury yields. Each report includes long/short ideas derived from technical analysis for specific stocks and ETFs. They also receive a weekly report titled Sector Deep Dive that compiles indicator data for stocks compared against their peers, including commentary to facilitate market timing. Additionally, Basic Plan subscribers receive coverage of technical catalysts, high-conviction signals, and market internal measures via our proprietary daily report titled Starting Line, and high-conviction trade ideas via the Idea Generator approximately once a week. They also have access to quarterly market outlook conference calls and periodic “teach-ins.”
• Access Plan- (research + team access) Access Plan subscribers receive the research contained in the Basic Plan and the ETF Navigator, a new weekly report providing charts and commentary regarding popular exchange traded funds. Access Plan subscribers enter into a subscription and research consulting services agreement with Fairlead Strategies to receive access to our team via an introductory call and e-mails for responsive analysis in a dynamic market environment.
• Premium Plan- (research + high-touch consulting) Premium Plan subscribers

receive the research and services contained in the Access Plan and have the option to receive the Cryptocurrency Compass weekly report, providing technical outlooks for Bitcoin and Ethereum with relative strength analysis for other cryptocurrencies. Premium Plan subscribers can engage Fairlead Strategies for custom projects that range from portfolio analysis and chartbooks to custom filters and scans. Premium Plans are designed for institutional traders and money managers who seek to identify catalysts and action items specific to their watchlists or portfolios. Clients will enter into a subscription and research consulting services agreement with Fairlead Strategies. Our team will be available for "teach-ins" to maximize and integrate the project work and provide subscribers full disclosure of our proprietary methodology.  A La Carte Reports- Clients can subscribe separately to the ETF Navigator (weekly), Cryptocurrency Compass (weekly), and/or the Idea Generator (approximately once a week). Educational Workshops and Seminars We provide investment-related educational workshops and seminars. The workshops and seminars are customized to each client's request and can be designed to address specific investment strategies. Sub-Advisory Services Fairlead is a subadvisor to an investment company registered under the Investment Company Act of 1940. Fairlead manages an exchange traded fund (“ETF”) called the Fairlead Tactical Sector ETF (TACK). This is an actively managed portfolio based on Fairlead’s systematic approach to technical analysis. Fairlead will determine which of a basket of ETFs will be bought and sold. The ETFs that are used by TACK are actively traded with significant assets under management to maintain liquidity. We believe top-down influences are very strong in the U.S. equity market, making it essential to identify trends at the market and sector level to succeed in investing. Our mathematically based tools facilitate tactical market timing and positioning on this front. In our disciplined approach to the markets, we adhere to three categories of indicators: trend-following, overbought/oversold, and relative strength. In following, Fairlead Strategies has developed a sophisticated proprietary technical model that leverages sector leadership in the U.S. equity market, while managing through downdrafts by incorporating exposure to other asset classes, including Treasuries, gold, and cash. The system is designed to leverage uptrends, while minimizing downside risk during downtrends. Katie Stockton, the fund manager, will be responsible for risk management. Wrap Fee Programs We do not participate in any wrap fee program. Types of Investments We offer advice on equity securities, REITs, ETFs, cryptocurrencies, interests in master limited partnerships ("MLPs”) investing in oil and gas interests, futures contracts on tangibles, and futures contracts on intangibles. Assets Under Management Fairlead is a subadvisor for an ETF. As of December 31, 2023, the fund had approximately $209,000,000 of assets under management.