Saxon Woods Advisors, LLC (“SWA”) has been providing investment advisory services since October 1999. SWA is wholly owned by Alpine Saxon Woods, LLC. SWA” s day-today operations are managed by SWA’s management team: Arleen Baez, Brian Hennessey, Sarah Hunt, and Mark Spellman. Each member of the management team is a member of Alpine Saxon Woods, LLC and a principal owner of SWA. As of December 31, 2022, SWA managed approximately $ 753.5 million on a discretionary basis. SWA provides continuous portfolio management services to clients regarding investment of the client funds, based on the individual needs of the client. Through personal discussions in which goals and objectives based on a client's particular circumstances are established, SWA develops a client's personal investment goals and creates and manages each portfolio based on these goals. SWA will manage advisory accounts on a discretionary basis only, but at the request of the client may also provide recommendations to clients with respect to assets that are not necessarily managed by SWA. In addition to selecting individual securities that SWA deems appropriate for a client's account, SWA offers portfolio models as client investment options. The portfolio models represent a range of investment risk. Clients are placed in a portfolio model based on measurements of their respective risk tolerance. Before selecting a portfolio model, SWA discusses the level of risk with a client and the client's ability to accept such risk. Clients may investment all or a portion of the assets in their accounts in one or more portfolio models. Portfolio Model Investment Strategy Dividend The Dividend strategy will invest primarily in companies with above average yield with a diverse group of companies across market sectors. Balanced The Balanced strategy will invest in a combination of equity securities of U.S companies and high quality fixed-income

securities. The Fund may invest up to 80% in equities, depending on the manager’s view of the market. The adviser generally pursues a dividend yield strategy similar to its AWCI Dividend / Equity Income Strategy for equity exposure. The fixed income allocation has an emphasis on higher quality issues for conservation of capital. Leading Edge The Leading Edge strategy will invest primarily in companies that have dominant market share and revenue growth in their respective industries along with the outlook for continued revenue and earnings growth Capital Return The Capital Return strategy will invest primarily in companies that have a track record of returning capital to shareholders through dividends and share repurchases. Moatmentum The Moatmentum strategy will invest in equity securities of U.S. companies in three categories: 1) large capitalization companies with a legacy of consistent momentum in revenue and earnings, 2) small and mid-capitalization companies that are building momentum within their industries and advancing new technologies, and 3) turnarounds in former leaders with a recent setback. Core The Core strategy will invest in equity securities of U.S. listed mid and large capitalization companies that exhibit 1) superior earnings growth potential, 2) strong, transparent balance sheets, 3) a history of innovation, and 4) an attractive valuation. Clients may change portfolio models for all or a portion of the assets in their account by signing a new custodial agreement. SWA will rebalance the portfolio models' investments as it deems necessary and appropriate. If suitable for a client, and the client meets minimum investment requirements for investment, SWA may also provide information to certain clients on unregistered pooled investment vehicles (“Private Funds”), also managed by its affiliate, AWCI. However, subscription into these Private Funds must be made by the client.