A. Description of Advisory Firm LM Capital Group, LLC (hereinafter referred to as “LM Capital” or the “Firm”) was founded in 1989 and is an investment adviser registered with the Securities and Exchange Commission (hereinafter referred to as the “SEC”). Listed below are the firm's principal shareholders (i.e., those individuals and/or entities controlling 25% or more of this company).
• LM Capital Management – Holding Company for LM Capital Group, LLC.
• Luis Maizel, Sr. Managing Director- owns 43% of LM Capital Management
• John Chalker, Managing Director- owns 30.5 % of LM Capital Management B. Types of Advisory Services LM Capital offers the following advisory services to our clients: INVESTMENT SUPERVISORY SERVICES (''ISS") INDIVIDUAL PORTFOLIO MANAGEMENT LM Capital manages seven distinct model portfolio's (see descriptions below under "Model Portfolio Management"). The firm’s Portfolio Managers are able to tailor a portfolio to an institutional client’s directed mandate and/or an individual client's investment guidelines or restrictions. Our investments are not limited to any specific product or service and generally include the following securities: U.S. Government Securities, Corporate Debt Securities, Emerging Market Debt Securities, Agency Mortgage Backed Securities, Certificates of Deposit, Municipal Securities, Treasury Futures Contracts (where permissible by client), among other types of investments. LM Capital Group – Form ADV Part 2A (“Brochure”) Page 2 of 14 INVESTMENT SUPERVISORY SERVICES (''ISS") MODEL PORTFOLIO MANAGEMENT LM Capital provides fixed income investment management services to institutional investors using seven separate investment strategies. Each strategy is designed to meet a particular investment goal and/or client directed mandate. These client portfolios are managed as Separately Managed Accounts (SMAs). Short Term contains a discretionary fixed income account based in US Dollars and for comparison reasons is measured against the Merrill Lynch 1-5 G/C Index. The Short Term Portfolio generally consists of securities with less than 5 years in maturity and are comprised of Treasuries, agencies and investment grade corporate issues rated A/A2 or better. Intermediate contains a discretionary fixed income account based in US Dollars and for comparison reasons is measured against the Barclay's Capital Intermediate Aggregate Index. The Intermediate portfolio generally includes securities between 5-10 years in maturity and are comprised of Treasuries, agencies and investment grade corporate issues. LDI/Long Duration Strategy contains a discretionary fixed income account based in US Dollars and for comparison reasons is measured against the Bloomberg 45% 15+ Strips/55% Long Credit Downgrade Protected Index. The Long Duration Strategy portfolio is comprised of Treasuries, Agencies, Mortgage-Backed Securities, Investment Grade Credit, Taxable Local Authority bonds, Taxable Munis issues by state and local govts and Dollar- denominated emerging market debt issues. The use of futures contracts to hedge interest rate and foreign currency exposure may also be utilized. Strategic Core contains a discretionary fixed income account

based in US Dollars and for comparison reasons is measured against the Barclay's Capital US Aggregate Index. The Core portfolio is comprised of Treasuries, agencies, investment grade corporate issues and may include mortgage backed securities. Active Core Plus contains a discretionary fixed income account based in US Dollars and for comparison reasons is measured against the Barclay's Capital US Aggregate Index. The Opportunistic Core portfolio is comprised of Treasuries, agencies, investment grade corporate issues, mortgage backed securities, US high yield, dollar denominated Emerging Market Debt and non - US Dollar denominated issues. Enhanced Core Plus contains a discretionary fixed income account based in US Dollars and for comparison reasons is measured against the Barclay's Capital US Aggregate Index. The LM Capital Group – Form ADV Part 2A (“Brochure”) Page 3 of 14 Enhanced Core Plus portfolio is comprised of Treasuries, agencies, investment grade corporate issues, mortgage backed securities, US high yield, dollar denominated Emerging Market Debt and non - US Dollar denominated issues, US Municipals, ABS/CMS and Preferred Equity issues. The use of futures contracts to hedge interest rate and foreign currency exposure may also be utilized. Emerging Market Debt contains discretionary fixed income accounts and for comparison reasons is measured against The Bloomberg Barclays Emerging Markets USD Aggregate Index. The Emerging Market Debt fixed income portfolio is comprised of; US Dollar denominated Emerging Market Debt Corporate and Sovereign Securities, non-Dollar corporate and sovereign denominated securities and Emerging Market Supranational Agency Securities. The portfolio may also hold positions in US Treasury Bonds as well as cash or similar short term instruments. We manage advisory accounts on a discretionary basis. Clients have the opportunity to place reasonable restrictions on the types of investments to be held in their account. Clients retain individual ownership of all securities. To ensure that the account continues to be managed in accordance with the investment guidelines, we will: 1. at least annually, contact each participating client to determine whether there have been any changes in the client's financial situation or investment objectives, and whether the client wishes to impose investment restrictions or modify existing restrictions; 2. be reasonably available to consult with the client; 3. maintain client suitability information and client investment guidelines in each client's file; 4. maintain a copy of an Investment Management Agreement (hereinafter “IMA”) for each client; and 5. review each client portfolio at least monthly to determine adherence to client investment guidelines and review portfolio holdings. LM Capital Group – Form ADV Part 2A (“Brochure”) Page 4 of 14 C. Amount of Managed Assets As of 12/31/2023, we are actively managing $4,997.5 billion of client assets on a discretionary basis. The above amount includes approximately $5 million of which LM Capital Group, LLC serves as sub advisor for the Cavanal Hill Strategic Enhanced Fund. (Tickers: AIENX, APENX, AAENX), a 1940 Investment Company Act Registered Mutual Fund.