9AT: MCGOWAN GROUP ASSET MANAGEMENT, INC.

MCGOWAN GROUP ASSET MANAGEMENT, INC.

MCGOWAN GROUP ASSET MANAGEMENT, INC.

Adviser Profile

As of Date	09/03/2026
Registration	SEC, Approved, 07/14/2010
ADV Location	DALLAS, TX, United States
Contact Info	214 xxxxxxx
Websites

AUM^*	1,083,076,071 29%
of that, discretionary	1,000,714,340 28%
Number of Employees	9 -10%
of those in investment advisory functions	5 -38%
Private Fund GAV^*	0
Avg Account Size	226,917 -46%
% High Net Worth	23.30% 660%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pension and profit sharing plans
- Charitable organizations
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

1B 858M 715M 572M 429M 286M 143M

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Top Holdings

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker67075G103	Stock NameNUVEEN GLOBAL HIGH INCOME FD SHS	$ Position$47,774,864	% Position6.00%	$ Change4.00%	# Change-1.00%
Stck Ticker01879R106	Stock NameALLIANCEBERNSTEIN GLOBAL HIGH COM	$ Position$38,333,698	% Position5.00%	$ Change1.00%	# Change-1.00%
Stck Ticker09255P107	Stock NameBLACKROCK CORPOR HI YLD FD INC COM	$ Position$38,982,130	% Position5.00%	$ Change0.00%	# Change0.00%
Stck Ticker19248A109	Stock NameCOHEN & STEERS INFRASTRUCTURE COM	$ Position$38,370,646	% Position5.00%	$ Change7.00%	# Change1.00%
Stck Ticker72651A207	Stock NamePLAINS GP HLDGS L P LTD PARTNR INT A	$ Position$32,586,596	% Position4.00%	$ Change-1.00%	# Change0.00%
Stck Ticker30233Q108	Stock NameEXXONMOBIL HOLDINGS CORP COM SHS	$ Position$33,281,205	% Position4.00%	$ Change	# Change
Stck Ticker110448107	Stock NameBRITISH AMERN TOB PLC SPONSORED ADR	$ Position$34,311,734	% Position4.00%	$ Change5.00%	# Change-1.00%
Stck Ticker24703L202	Stock NameDELL TECHNOLOGIES INC CL C	$ Position$36,943,431	% Position4.00%	$ Change72.00%	# Change-35.00%
Stck Ticker258622109	Stock NameDOUBLELINE INCOME SOLUTIONS FD COM	$ Position$32,504,584	% Position4.00%	$ Change3.00%	# Change1.00%
Stck Ticker27828G107	Stock NameEATON VANCE TAX ADVT DIV INCM COM	$ Position$21,511,479	% Position3.00%	$ Change12.00%	# Change-1.00%

Brochure Summary

Overview

MGAM ADV 2A – Version 032024 We are required to describe our brokerage, custody, fees and fund expenses so you will know how much you are charged and by whom for our advisory services provided to you. A. Advisory Services Compensation (i) Fee Based Advisory Services: On an annualized basis, our firm’s fee for continuous portfolio management services will range from .59% - 1.50% with the final fee negotiated according to the Clients’ needs and objectives. Our firm’s fees are billed quarterly in advance based on the value of the account on the last business day of the previous quarter. Accounts established during the billing cycle will be charged pro-rata based on the initial account balance. MGAM Wrap Fee Schedule Single Tier Fee Schedule Assets Under Management Annual Advisory Fee $0 - $10,000,000+ _____________________% Additionally, clients also can further lower their management rate by consolidating assets. Discounted management rates are usually granted at the thresholds below: Greater than 1MM - .99% Greater than 3MM - .88% Greater than 10MM - .83% The consolidation breakpoints

above result in lower flat rates for all assets held with MGAM at Pershing BNY once the asset base surpasses the breakpoint levels. These rates and thresholds could change at any time upon the discretion of MGAM. B. How Clients Are Charged for Service (i) Fee Based Advisory Fees Are Due Quarterly in Advance. We charge our advisory fees quarterly in advance and have them deducted direct via the custodian. In the event that you wish to terminate our services, we will refund the unearned portion of our advisory fee to you. To do this, you need to contact us in writing and state that you wish to terminate our services. Upon receipt of your letter of termination, we will start the process to close your account. The date of your written termination will be used to process a pro-rata refund of unearned advisory fees. C. Other Fees and Expenses in Addition to MGAM’s Advisory Fee All clients can access statements and confirmations free of charge electronically, but if they elect to receive them physically they are assessed a charge per statement and per confirm by Pershing Advisor Solutions, LLC/ Pershing, LLC (“PAS” or “PAS/ Pershing”), our custodian.