Firm Description Cincinnati Asset Management, Inc. (“CAM”) was founded in 1989. CAM provides investment management service to individuals, pension and profit sharing plans, trusts, estates, charitable organizations, small businesses, insurance companies, and mutual funds. This service generally involves the management of separate, diversified portfolios of fixed income securities, preferred stocks, ETFs and other securities based on one or more of the investment strategies developed and offered by us (i.e. Investment Grade, High Yield, Enhanced High Yield, Short Duration, Broad Market, Combined, Short Duration Investment Grade and Short Duration High Yield Only). Portfolios generally, but not exclusively, consist of investment grade bonds, below investment grade bonds, or a mixture of both depending on the strategy selected by clients and their financial advisors. The service will include the execution of the strategy by selecting appropriate investments and placing orders for the purchase and sale of such securities. Most fixed income securities are traded in the over-the-counter markets and market conditions dictate the availability and prices of such securities on any trading day including the ability to buy or sell a particular security. CAM’s process of investing portfolios is deliberate and may take up to six months to obtain suitable securities at appropriate prices; likewise, portfolio liquidations may take ten business days or longer in order to obtain sales prices and achieve optimum value for clients. CAM is strictly a fee-only investment management firm. The firm does not sell annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other commissioned products. The firm is not affiliated with entities that sell financial products or securities. No commissions in any form are accepted. No finder’s fees are accepted. We do not act as a custodian of client assets. The client always maintains asset control. CAM places trades for clients under a limited power of attorney which restricts us to trading securities solely on a cash basis for all clients. Principal Owners William S. Sloneker, Chairman and Managing Director, is a Principal Owner of the firm. He owns 30.0% of CAM, and he and two family members collectively own 57.9%. Types of Advisory Services We provide investment supervisory services, also known as asset management services and manage investment advisory accounts not involving investment supervisory services. All accounts are comprised primarily, but not exclusively, of fixed income securities. The majority of CAM’s assets under management are generated from our participation in Wrap Fee Programs at broker-dealers. All accounts, whether Wrap accounts or accounts managed outside Wrap Programs, are managed similarly depending on the Strategy selected by the client (investment grade, non-investment grade, or mixture of the two). We receive a portion of the Wrap fee for our services from the Wrap Program Sponsor and we bill non-Wrap accounts directly. CAM does not accept accounts with directed brokerage instructions. CAM executes trades on a “trade away” basis pursuant to our duty to achieve best execution, as further described below. See “Selecting Brokerage Firms” (pg 13) and “Asset Management” (pg 3). As of February 29, 2024, CAM managed approximately $2,392,100,000 in assets for approximately 6,300 clients. All assets are managed

on a discretionary basis. Tailored Relationships The fixed income strategies (investment grade corporate bonds, corporate bonds rated below investment grade, and a mixture of the two) are documented in our client relationship management system. Clients may impose restrictions on investing in certain securities or types of securities. Agreements may not be assigned without client consent. Types of Agreements The following agreements define the types of typical client relationships. Financial Planning Agreement CAM does not provide financial planning services. Advisory Service Agreement CAM advisory services are limited to the management of securities portfolios, primarily, but not exclusively, comprised of fixed income securities. Although the Advisory Service Agreement, called an Investment Management Agreement, is an ongoing agreement and constant adjustments are required, the length of service to the client is at the client’s discretion. The client or CAM may terminate an Agreement by written notice to the other party. At termination of an Advisory Agreement, we bill for unpaid fees on a pro rata basis through the date of termination. The portfolio market value at the completion of the prior full billing period is used as the basis for the fee computation, adjusted for the number of days prior to termination. Retainer Agreement CAM does not enter into Retainer Agreements for its investment management business. Investment Management Agreement Our Investment Management Agreements and the fees associated with those Agreements are described in the Fees and Compensation section below. Tax Preparation Agreement We do not provide tax preparation services. Hourly Planning Engagements This item is not applicable. Asset Management Assets are invested primarily in investment grade corporate bonds, non- investment grade corporate bonds, and a mixture of the two based on the investment strategy selected by the client. Purchases and sales of securities are made through a number of broker-dealers with which CAM attempts to negotiate the most favorable execution price. CAM does not receive any cash compensation from these broker-dealers; however, CAM may receive research and other services from these broker-dealers in order to broaden its own research activities. CAM does not have any directed trade arrangements or “soft dollar” arrangements. Investments may also include: common and preferred stocks, commercial paper, convertible and other “hybrid” securities, certificates of deposit, ETFs, REIT shares, MLP units, and U. S. government securities. Initial public offerings (IPOs) of equities are not purchased; however, new issues of bonds are purchased for client accounts. Termination of Agreement Clients, either directly or through their financial advisors, may terminate any of our investment management agreements at any time by notifying us in writing. We expect payment of the pro rata fees for the period of the investment advisory engagement prior to notification of termination. If the client made an advance payment of fees, we will refund any unearned portion of the advance payment. We may terminate upon thirty days advance notice any of the investment management agreements by notifying the client in writing. If the client made an advance payment, we will refund any unearned portion of the advance payment.