North Point Portfolio Managers Corporation is a SEC-registered investment adviser with its principal place of business located in Ohio at the address noted on the opening page. North Point Portfolio Managers Corporation began conducting business in 1999. All accounts are separately managed. The firm's principal shareholders (i.e., those individuals and/or entities controlling 25% or more of this company) are:
• Diane M. Stack, President, Secretary and Chief Compliance Officer
• Daniel J. Dreiling, EVP and Treasurer
• David M. Mrosko, EVP The only other officer of the firm is J. Patrick Kelly, a research analyst hired in 2021 with the title of Vice President. PORTFOLIO MANAGEMENT We provide continuous portfolio management as a long only equity and fixed income manager. Through confidential personal discussions with clients and prospective clients in which goals and objectives are established, we determine the suitable asset allocation. We manage 100% stock accounts, 100% bond accounts, and any combination of the two asset classes. We generally hold limited cash and/or money market balances for clients to facilitate their anticipated withdrawals and to accumulate cash for reinvestment. During our data-gathering process, we determine a client's individual objectives, time horizons, risk tolerances and liquidity needs. As appropriate, we also review and discuss a client's prior investment history and their current investments with other providers, as well as family composition and background. We generally manage the same 40 stock positions in all client portfolios. These positions are not weighted evenly within the stock portion of a portfolio. We maintain an internal model of the weighting among the 40 names and hew to this model, especially in non-taxable accounts. Because stocks involve a higher amount of risk than bonds and cash or money market funds, we focus the individualization of portfolios on the

stock allocation percentage. Clients with lower risk tolerances own a lower percentage of their account in stocks. The tax status of fixed income investments and capital gains are taken into consideration when appropriate. We manage accounts on a discretionary basis although a few of our accounts are nondiscretionary. For example, clients may ask us to monitor a modest account for a family member, an account with low basis stock that is not expected to be traded or a personal account in which they choose the investments. Although not customary, we will allow clients to impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Clients are urged to bring these concerns to our attention so that we may determine if we can fulfill our objectives under these restrictions. We are an independent investment manager. We purchase individual stocks and bonds and are not limited to any specific product or service offered by a broker- dealer or insurance company. We purchase the following types of securities:
• Exchange-listed, over-the-counter stocks
• Corporate bonds, investment and non-investment grade
• Municipal Bonds In addition, we may offer advice on or may purchase in limited circumstances:
• Foreign securities
• U.S. government securities
• Mutual Funds and exchange-traded ETFs
• Private Real Estate Investment Trusts
• Commodities
• Commercial Paper
• Certificates of Deposit
• Warrants
• Options contracts of securities
• Futures contracts on intangibles
• Interests in limited partnerships The discretionary assets which we actively manage are traded publicly and are considered liquid. AMOUNT OF MANAGED ASSETS As of 12/31/2023, we were actively managing $ 720,234,142 of clients' assets on a discretionary basis and $ 2,783,354 of clients' assets on a non-discretionary basis.