Kuhn Advisors, Inc. (originally Kuhn & Carson, Inc. and subsequently Kuhn and Associates, Inc.) was founded in 1993. The owners of the firm are Mark A. Kuhn and Scott W. Ranby. Investment Advisory Services Kuhn Advisors manages clients’ accounts on a discretionary basis using a "value investing" approach. We provide investment services in accordance with the investment objectives of each client. We assess clients’ goals, resources, and risk tolerance at the outset, resulting in a set of guidelines applied to account management on a discretionary basis. We assess investment objectives and goals in the course of quarterly reviews, and in the interim when clients bring changes in their circumstances to our attention. Kuhn Advisors’ investment philosophy is characterized by the following three tenets.  Focus on the individual. We manage clients’ portfolios individually on a discretionary basis in accordance with their investment objectives. We consider our clients’ liquidity needs first, then we maximize their exposure to the stock market to maximize their portfolio’s growth potential. As appropriate for each client, we take risk at the asset class level by overweighting in small-cap and international equities; and we mitigate this risk through a value investing style and high-quality manager selection.  Belief that building wealth takes time and discipline. We understand that many people want to see a quick return on their investment. However, this is unrealistic over most time periods. We ask our clients to have an investment horizon of at least five years before making stock market investments. We firmly believe that the best way to create value is to hold the best assets for the long term. We believe that market-timing and performance-chasing are losing strategies and that investing is most intelligent when it is disciplined.  Emphasis on actively managed funds. We believe strongly in the value created by actively managed mutual funds. We look for managers who have both skill and experience in identifying companies with strong financial and management profiles that have been overlooked and undervalued by the market. Our managers’ strategies generally demonstrate the following characteristics.  A long-term focus which helps minimize portfolio turnover and enhance the tax efficiency of their funds.  Concentrated

portfolios which facilitate deep understanding of the firms’ businesses and demonstrate conviction to their portfolio.  An approach for each portfolio investment as if the manager were buying the entire company. At Kuhn Advisors, all investment professionals are required to have a four-year college degree. As of December 31, 2022, Kuhn Advisors had $631.9 million in assets under management, all of which we manage on a discretionary basis. Consulting Services Kuhn Advisors provides a limited amount of services other than investment advisory services. These services include non-discretionary investment consulting services, personal accounting and, in occasional specialized situations, hourly consultative services on isolated area(s) of concern such as retirement planning or reviewing a client's existing portfolio. Miscellaneous Non-Investment Implementation Services. Kuhn Advisors does not serve as an attorney or accountant, and no portion of Kuhn Advisors’ services should be construed as such. To the extent requested by a client, Kuhn Advisors may recommend the services of other professionals for certain non-investment implementation purposes (i.e., attorneys, accountants, insurance, etc.), including its affiliated CPA firm (see disclosures below). The client is under no obligation to engage the services of any such recommended professionals. The client retains absolute discretion over all such implementation decisions and is free to accept or reject any recommendation from Kuhn Advisors. Although Kuhn Advisors’ principal, Mark A. Kuhn, in his separate individual capacity, is licensed as a CPA, no corresponding CPA-client relationship is established unless the client separately determines to engage Mr. Kuhn for accounting-related services. Please reference the disclosure in the section titled “Other Financial Industry Activities and Affiliations” below. Client Obligations. In performing its services, Kuhn Advisors relies on the accuracy of information provided by a client or a client’s other professionals. Moreover, we advise each client that it remains his/her/its responsibility to promptly notify Kuhn Advisors if there is ever any change in his/her/its financial situation or investment objectives for the purpose of reviewing, evaluating, and revising Kuhn Advisors’ previous recommendations and/or services.