A. Description of the Advisory Firm MURPHY CLARKE WILLIAMS & STONE, LLC (hereinafter “MCWStone”) is a Limited Liability Company organized in the State of Florida. The firm was formed in February 2024, and the principal owner is Leslie Clarke. B. Types of Advisory Services Portfolio Management Services MCWSTONE offers ongoing portfolio management services based on the individual goals and client specific investment policy guidelines, objectives, time horizon, and risk tolerance of each client. MCWSTONE creates an Investment Policy Statement for each client, which outlines the client’s current situation (income, tax levels, and risk tolerance levels). Portfolio management services include, but are not limited to, the following: • Investment strategy • investment policy guideline • Asset allocation • Asset selection • Risk tolerance • Regular portfolio monitoring MCWStone evaluates the current investments and investment policy guideline (if any) of each client with respect to their risk tolerance levels and time horizon. MCWSTONE will request discretionary authority from clients in order to select securities and execute transactions without permission from the client prior to each transaction. Risk tolerance levels are documented in the Investment Policy Statement, which is given to each client. MCWSTONE seeks to provide that investment decisions are made in accordance with the fiduciary duties owed to its accounts and without consideration of MCWSTONE’s economic, investment or other financial interests. To meet its fiduciary obligations, MCWSTONE attempts to avoid, among other things, investment or trading practices that systematically advantage or disadvantage certain client portfolios, and accordingly, MCWSTONE’s policy is to seek fair and equitable allocation of investment opportunities/transactions among its clients to avoid favoring one client over another over time. It is MCWSTONE’s policy to allocate investment opportunities and transactions it identifies as being appropriate and prudent, including initial public offerings ("IPOs") and other investment opportunities that might have a limited supply, among its clients on a fair and equitable basis over time. MCWSTONE (the “Investment Manager”) may provide sub-advisory/management services to a related and unrelated pooled Investment vehicle (“Fund Services”). The fee schedule for such services is generally described in the Fund’s current disclosure documents. MCWSTONE will provide all disclosure documents to clients of MCWSTONE. MCWSTONE may direct clients to third-party investment advisers to manage all or a portion of the client's assets. Before selecting other advisers for clients, MCWSTONE will always ensure those other advisers are properly licensed or registered as an investment adviser. MCWSTONE then may makes investments with a third-party investment adviser by referring the client to the third-party adviser. MCWSTONE may also allocate among

one or more public and private equity funds or managers of other pooled investment vehicles as third-party fund advisers. MCWSTONE will periodically review the ongoing performance of the third-party adviser as a portion of the client's portfolio. Services Limited to Specific Types of Investments MCWSTONE generally limits its investment advice to mutual funds, fixed income securities, real estate funds (including REITs), equities, private equity funds, ETFs (including ETFs in the gold and precious metal sectors), treasury inflation protected/inflation linked bonds, commodities, non-U.S. securities, venture capital funds and private placements. MCWSTONE may use other securities as well to help diversify a portfolio when applicable. Written Acknowledgement of Fiduciary Status When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest. C. Client Tailored Services and Client Imposed Restrictions MCWSTONE offers the same suite of services to all of its clients. However, specific client investment strategies and their implementation are dependent upon the client Investment Policy Statement which outlines each client’s current situation (income, tax levels, and risk tolerance levels). Clients may impose restrictions in investing in certain securities or types of securities in accordance with their values or beliefs. However, if the restrictions prevent MCWSTONE from properly servicing the client account, or if the restrictions would require MCWSTONE to deviate from its standard suite of services, MCWSTONE reserves the right to end the relationship. D. Wrap Fee Programs A wrap fee program is an investment program where the investor pays one stated fee that includes management fees and transaction costs. MCWSTONE does not participate in wrap fee programs. E. Assets Under Management MCWSTONE has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $0 $0 February 2024