Identify your principal owner(s). Trend Capital Management LP is a Delaware limited partnership that was formed in May 2011 to manage entities that capitalize on fundamental trends in currencies, interest rates, and credit and equity indices in both developed and emerging markets. Trend Capital Advisers LP is a Delaware limited partnership that was formed in February 2017 to advise certain managed accounts, the Opportunities Funds and their SPs. Trend Capital is headquartered in Boca Raton, Florida. The Firm currently provides discretionary investment advisory services including, but not limited to, managing and directing the investment and reinvestment of assets for private investment vehicles within the master-feeder structures, defined below. o Trend Macro Onshore LP, a Delaware limited partnership (the “Trend Macro Onshore”); o Trend Macro Offshore Ltd., a Cayman Islands exempted company (the “Trend Macro Offshore” and together with the Trend Macro Onshore, the “Trend Macro Feeder Funds”); o Trend Macro Fund LP, a Cayman Islands limited partnership (the “Trend Macro Fund” and together with the Trend Macro Feeder Funds, the “Trend Macro Funds”); o Trend Macro ERISA Fund Ltd., a Cayman Islands exempted company (the “ERISA Offshore”); o Trend Macro ERISA Master Fund LP, a Cayman Islands limited partnership (the “ERISA Master” and together with the ERISA Offshore Fund, the “ERISA Funds”); o Trend Capital Opportunities Series LP, a Delaware series limited partnership (the “Opportunities Onshore”); o Trend Capital Opportunities SPC Ltd, a Cayman Islands exempted segregated portfolio company (the “Opportunities Offshore”); o Trend Capital Opportunities Master Fund SPC Ltd, a Cayman Islands exempted segregated portfolio company (the “Opportunities Master” and together with the Opportunities Onshore and Opportunities Offshore, the “Opportunities Funds”); and o Trend Macro Enhanced Return, a segregated portfolio created under the Opportunities Funds (“Enhanced Return”). For simplicity, each fund or SP identified above may be referred to individually in this Brochure as a “Fund” and together as the “Funds”. The terms for the Trend Macro Feeder Funds, the ERISA Offshore and the Opportunities Funds are disclosed in detail in the relevant Fund’s offering documents and supplement(s) (where applicable) provided to prospective investors prior to their investment. Trend Capital acts as the investment manager of the Funds. An affiliate entity of Trend Capital serves as the general partner to the Funds. Trend Capital GP LLC is the general partner of Trend Macro Onshore and Trend Macro Fund. Trend Capital ERISA GP LLC is the general partner of the ERISA Master Fund. Trend Capital Opportunities GP LLC is the general partner of the Opportunities Onshore and Class M Shareholder of the Opportunities Master. Trend Capital has established an Advisory Board for Trend Macro Fund (the “Advisory Board”), the members of which serve as members of the Board of Directors of the Trend Macro Offshore. The Advisory Board provides advice and counsel to Trend Capital and its affiliate general partner entity, Trend Capital GP LLC, on various matters, including assisting in the identification and resolution of any actual or potential conflicts of interest involving Trend Capital and/or any of its affiliates with respect to Trend Macro Fund. The Advisory Board must also provide consent before Trend Capital GP LLC may take certain actions, as fully described in the Funds’ offering documents. The same individuals serve as directors for the ERISA Offshore, Opportunities Offshore, and Opportunities Master. No advisory board has been established for Funds other than Trend Macro Fund. Trend Capital also provides discretionary investment advisory services for the UCITS vehicle described in Item 2 above, which shall be referred to as the “Managed Account”. The Managed Account and the Funds are collectively referred to as the “Advisory Clients”. Trend Capital’s principal owner is Ashwin Vasan. specializing in a particular type of advisory service, such as financial planning, quantitative analysis, or market timing, explain the

nature of that service in greater detail. If you provide investment advice only with respect to limited types of investments, explain the type of investment advice you offer and disclose that your advice is limited to those types of investments. Trend Capital provides discretionary investment advisory services to its Advisory Clients by managing and directing the investment and reinvestment of their assets. As further described in Item 8.A below, the Trend Macro Fund, ERISA Master, Enhanced Return and Managed Account, subject to applicable legal, regulatory or investment restrictions, invest to capitalize on fundamental trends in currencies, interest rates and credit and equity indices in both developed and emerging markets. Each SP of the Opportunities Funds pursues its own investment opportunities, as described further in Item 8.A. Although Trend Capital’s investment advice is generally limited to these types of investments, it has a broad and flexible investment authority. individual needs of clients. Explain whether clients may impose restrictions on investing in certain securities or types of securities. Trend Capital neither tailors its advisory services to the individual needs of investors nor accepts investor-imposed investment restrictions with respect to the Funds. When deemed appropriate for a large or strategic investor, Trend Capital has established, and may again in the future establish, a Managed Account that will tailor its investment objectives to those of the specific investor (including restrictions on investing in certain types of securities) and/or be subject to different terms and/or fees than those of the Funds. Such investment objectives, fee arrangements and terms are individually negotiated and it should be noted that any such Managed Account relationship is generally subject to a significant account minimum. Historically, Managed Accounts were generally managed pari passu, subject to applicable legal, regulatory or investment restrictions, with the Trend Macro Fund, but future Managed Accounts may have different mandates. Trend Capital has entered, and may again in the future enter, into letter agreements or other similar agreements (collectively, "Side Letters") with one (1) or more investors in the Funds, which provide such investors with additional and/or different rights (including, without limitation, non- participation in certain investments due to regulatory or other reasons, currency denominations, the performance-based compensation and/or management fees, redemption rights, expense reimbursement from Trend Capital, minimum and additional subscription amounts, portfolios, information rights and other rights) than other investors in the Funds. In general, neither Trend Capital nor the Funds will be required to notify any or all of the other investors in the Funds of any such Side Letters or any of the rights and/or terms or provisions thereof, except as specified in Trend Macro Fund’s MFN (most-favored nations) Policy Statement, which requires that Trend Capital notify certain investors of any new Side Letters and offer such investors equally favorable terms as those granted in the new Side Letter. In addition, neither Trend Capital nor the Funds will be required to offer such additional and/or different rights and/or terms to any or all of the other investors in the Funds, except as specified in the Trend Macro Fund MFN Policy Statement. services, (1) describe the differences, if any, between how you manage wrap fee accounts and how you manage other accounts, and (2) explain that you receive a portion of the wrap fee for your services. Trend Capital does not participate in wrap fee programs. discretionary basis and the amount of client assets you manage on a non- discretionary basis. Disclose the date “as of” which you calculated the amounts. As of December 31, 2022, Trend Capital and its affiliates have $739,177,372 of regulatory assets under management and $695,636,265 of net assets under management, which are managed on a discretionary basis. Trend Capital does not manage any Advisory Client assets on a non-discretionary basis.