Firm Description and Principal Owners Performance Trust Capital Partners, LLC (“PTCP” or “Performance Trust”) is dually registered with the U.S. Securities and Exchange Commission (“SEC”) as both a broker-dealer and an investment adviser. PTCP is also a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). PTCP was formed in 2006 and is the successor to Performance Trust Capital Partners, Inc., which was formed in 1994 as Betzold Trading & Research, Inc. PTCP or its predecessors have been registered as a broker-dealer with the SEC and a member of FINRA, formerly known as the National Association of Securities Dealers (“NASD”), since 1994. PTCP initially registered with the SEC as an investment adviser in August 2011. PTCP is a wholly-owned subsidiary of PT Financial Companies, LLC (“PTF”). PTF is owned principally by PT Financial Holdings, Inc., which is owned by an employee stock ownership trust. Investment Advisory Services Separately Managed Accounts PTCP provides investment advisory services primarily to institutions through separately managed accounts (“SMAs”). PTCP focuses on quantitative research and analysis, including through fixed-income securities. PTCP provides non-discretionary investment advisory services on a continuous and regular basis to SMAs. PTCP tailors its investment advice to the individual needs of each client. PTCP clients may impose restrictions on investment in certain securities or types of securities in writing. Bond Trust Investment Portfolio Accounting Service PTCP offers an investment accounting system called Bond Trust (“Bond Trust”) to financial institutions. Bond Trust is a proprietary system developed by an unaffiliated provider of financial software solutions to asset managers worldwide. PTCP has contracted with an unaffiliated, independent service to determine

securities prices (“3rd Party Pricing Service”). The 3rd Party Pricing Service will normally provide current market values for the client’s investment portfolio of securities. However, PTCP may provide current market values in certain circumstances, such as when the 3rd Party Pricing Service does not provide a price, or when the prices provided by the 3rd Party Pricing Service is—in the experience of PTCP— materially disconnected from current market values. PTCP discloses to clients the source of current market value information for Bond Trust, and the client has the option to ignore prices provided by PTCP. Performance Trust University® PTCP sponsors and presents investment-related seminars such as Principles of Performance™, Advanced Course®, Executive Session, and Earning Your Independence™ (collectively referred to as “Performance Trust University”). The seminars and the materials provided in conjunction with the seminars are intended to be educational in nature and to provide participants with information regarding principles of total return investing for fixed-income securities using bond math and logic. Presentations generally cover various securities sectors (e.g., bullets, callable agencies, collateralized mortgage obligations, etc.) and principles (e.g., slope, rolling the curve, yield, etc.). The information presented in the seminars are not intended as specific investment advice and do not purport to meet the investment objectives or needs of participants. Seminar participants are clients of PTCP for purposes of the seminar only and do not continue to be clients following completion of the seminar, unless the participant subsequently retains PTCP to provide other investment advisory services. Assets Under Management As of December 31, 2022, PTCP is managing on a non-discretionary basis of approximately $223,443,205 of regulatory assets under management.