BWM was incorporated in Zurich, Switzerland, on March 1st, 2004. BWM is a minority and woman owned firm. BWM provides investment services to individuals, trusts, estates, charitable organizations and other enti- ties that are “U.S. persons,” as defined by the U.S. Internal Revenue Code of 1986, as amended. This def- inition could include U.S. citizens and permanent U.S. residents. On a limited basis, we serve so-called offshore clients, i.e., non-US trusts, non-US foundations, non-US partnerships, non-operating non-US companies and non-US insurance companies where the ultimate ben- eficial owner(s), policy holder and/or beneficiary is/are a natural person(s) who is/are subject to US fed- eral income tax as described above. The company is registered with the SEC. BWM is also a FINMA authorized asset manager in Switzerland. Simultaneously the firm is a member of the Association of Swiss Asset Managers. Types of advisory services offered Discretionary Portfolio Management Agreement (DA) The Discretionary Portfolio Agreement (DA) requires BWM to conduct due diligence, suitable investments and manage the client’s investment portfolio with full discretion. BWM offers clients Investment Management Services that encompass the traditional asset classes of fixed income, Swiss and European equities, but can also include alternative asset classes as well. The Firm will manage a client’s investment portfolio on a discretionary basis, and may assist the client in the establish- ment of the necessary custodial account(s). When exercising its discretionary authority, BWM will make appropriate "buy, sell, hold" decisions as it believes they are needed using the Firm’s asset allocation methodology. Through the use of an asset allocation approach, the Firm provides Investment Manage- ment Services based on a personalized understanding of each client’s independent investment objectives. BWM’s Investment Management Services typically begin through the gathering of information vis-à-vis a new Investment Policy Statement, or other similar documentation process. Based upon this information, the Firm selects the appropriate allocation for the client’s assets. The Firm employs a defined process for each step in the investment management cycle including goal setting and risk/return profiling, asset allo- cation modeling, investment selection and implementation, and ongoing monitoring and reporting. This approach helps to provide a robust process to provide long-term investment solutions. Depending upon the strategy selected by the Firm and the client, BWM may invest client assets in various sectors and March 24 Page 4 of 18 securities, including but not limited to: mutual funds, Exchange Traded Funds (“ETFs”), stocks, bonds, treasuries, private funds and/or real estate investment trusts ("REITs"). Please refer to Item 8 for more information on BWM’s investment strategies, methods of analysis and their associated risks of loss. As noted above, BWM manages client assets on a fully discretionary basis. In exercising full discretionary authority, BWM selects, without first obtaining client’s permission, (1) the securities to be bought and sold; and (2) the amounts of securities to be transacted and whether it will be individually or block traded. BWMs discretionary authority may be subject to conditions imposed by a client. This may occur when a client restricts or prohibits transactions in a security for a specific company or for an industry sector. For more information on the Firm’s discretionary authority and brokerage practices please refer to Items 12 and 16. Clients are allowed to impose reasonable restrictions on the types of securities, sectors and/or industries they do not want to be included in their portfolio. Such restrictions must be communicated to the Firm in advance and documented in writing. Once this information is gathered initially, each client is responsible for informing BWM in writing of any changes to these restrictions or to their overall invest- ment objectives. The Firm does not assume any responsibility for the accuracy of the information provided directly by its clients or the failure of clients to inform the Firm of changes to their investment or financial objectives. Advisory Portfolio Agreement (AA) The non-discretionary Advisory Portfolio Agreement (AA) require BWM to provide suitable investment advice and recommendations, however the client takes the investment decision himself. BWM shall provide the Client on request with financial market information, analyses etc. for investment decision making purposes. The advice shall be provided at the Clients request only. BWM advises/recom- mends, within the framework of the investment strategy defined, investments to the Client, which the Client may reject or accept by giving specific investment instructions to BWM. The Client acknowledges that BWM is an SEC registered investment adviser, but is not registered as a broker-dealer. Therefore, BWM will provide investment advice before any investment takes place in the account. BWM will not perform execution only transaction and will not give unsolicited investment advice. BWM has no custody or possession of client’s assets, instead all assets reside with the Custodian chosen by the Client. BWM will advise the Client in accordance with the Client Investment and Risk Profile, how- ever, the Client is free to select any investments he may choose, and any investment decisions in respect of the Client’s portfolio are strictly the Client’s responsibility. It should

be expressly noted that BWM is not entering into a discretionary mandate and is not entitled to take investment decisions or carry out any investment management activities, as the Client is solely responsible for making investment decisions. General information BWM does not accept custody of clients’ funds or securities. Client’s assets are held at the Custodian financial institution, depository bank or brokerage firm selected by the client. BWM buys and sells finan- cial instruments under the authority of a limited power of attorney based on an agreed investment profile. The Investment profile is based on the client’s financial situation, needs, and goals and the risk a client can take based on the information provided to ensure to set up a suitable investment strategy as de- scribed above. As explained above, Investment Management Services provided by BWM customizable based upon the individual needs, objectives, and other financial goals of the client. There may be times when certain re- strictions are placed by a client which prevent the Firm from accepting or continuing to service the client’s account. BWM reserves the right to not accept and/or terminate a client’s account if it feels that the client-imposed restrictions would limit or prevent it from meeting and/or maintaining its objectives. March 24 Page 5 of 18 BWM will not assume any responsibility for the accuracy of the information provided by the client. The Firm is not obligated to verify any information received from the client or from the client’s other profes- sionals (e.g., attorney, accountant, etc.) and is expressly authorized to rely on such information. Under all circumstances, clients are responsible for promptly notifying the Firm in writing of any material changes to the client’s financial situation, investment objectives, time horizon, or risk tolerance. In the event that a client notifies the Firm of changes in the client’s financial circumstances, BWM will review such changes and may recommend revisions to the client’s portfolio. BWM is held to a fiduciary standard that covers our entire relationship with our clients. As a fiduciary, it is BWM’s duty to always act in the client’s best interest. We are required to identify and eliminate conflicts of interest, or disclose them clearly and understandably to clients, so that a client may decide whether they consent to the conflict Past performance and/or behavior is no guarantee of future performance and/or behavior, but generally our strategies are all subject to conditions agreed upon in the Agreement with the client. The investment strategy will be amended and updated based on information provided by the client. Assets under Management On February 29th, 2024 BWM had USD 224’325’137 in assets under management. The AuM on a discre- tionary basis were USD 116'043'751 and USD 108'281'386 on a non-discretionary, advisory basis. The Asset Management Agreement Prior to engaging BWM to provide investment advisory services, the client will be required to enter into a written Asset Management Agreement (“Agreement”) with the firm setting forth the fees to be charged and the terms and conditions under which it will render its services. The Agreement becomes effective with the acceptance thereof by the client, and BWM. The firm will provide a Brochure and one or more Brochure Supplements to each client or prospective client prior or in parallel with the execution of the Agreement. The agreement begins as of the date of signature, is for an indefinite period, and can be ter- minated in writing by either party any time. The fees shall be charged on a pro rata basis. The agreement and the limited power of attorney do not terminate with the Client’s death, missing person declaration or with the Client’s legal incapacity to act. The limited power of attorney remains in effect until terminated by the heirs, respectively the legal representative in accordance with the terms of this contract. In case of more than one heir or administrator of a will, BWM is obligated to correspond with only one empowered heir or one administrator of a will. The client’s custodian will require the client to designate a “Reference Currency”, which is the currency in which investment performance is measured. If BWM receives written notification that the client waives Qualified Investor status as defined by the Swiss Collective Investment Schemes (“CISA”) and Ordinance on Collective Investment Schemes (“CISO”) the Asset Management Agreement is terminated as of that date. Termination shall not result in the inter- ruption of ongoing transactions. As of the effective date of termination of the Client Agreement, BWM will have no obligation or authority to recommend or take any action with regard to the previously man- aged assets. The client will bear the sole responsibility to work with the applicable custodian for proper liquidation and/or management of the client’s assets upon termination. The client should be aware that for certain types of securities legal and regulatory restrictions of the custodian could complicate liquida- tion and/or management of the client’s assets, which the client should discuss with his or her Investment Advisor prior to termination in order to mitigate associated risks. The Agreement may not be assigned, as such term is defined in the U.S. Investment Advisers Act of 1940, as amended (the “Advisers Act”), to any third party by either the Client or BWM without the written con- sent of the other party. March 24 Page 6 of 18