General Description of Advisory Firm A.W. Jones Advisors LLC (the "Adviser" or “AWJ”) is a Delaware limited liability company formed in 2011 and registered as an investment adviser with the Securities & Exchange Commission effective March 30, 2012. Robert L. Burch, IV is the Managing Member and principal owner of the Adviser. A.W. Jones Advisors LLC provides discretionary investment advisory services to the following three (3) Fund clients (collectively the “Funds”):
• A.W. Jones Company
• A.W. Jones Fund, Ltd.
• A.W. Jones Associates LP The Adviser also serves as discretionary investment subadvisor to A.W. Jones Insurance Fund, a Series of the SALI Multi-Series Fund, L.P (the “Insurance Fund”). Interests in the Insurance Fund are only offered to insurance company investors on behalf of certain of their segregated separate accounts related to life insurance and variable annuity contracts. An affiliate of the Adviser, A.W. Jones GP LLC (the “General Partner”), is the general partner of A.W. Jones Company and A.W. Jones Associates LP. Additionally, Robert L. Burch, IV serves as a Director to A.W. Jones Fund, Ltd. Description of Advisory Services The Adviser provides discretionary investment advisory services to the Funds and sub-advisory services to the Insurance Fund. A.W. Jones Company is the master fund in a master-feeder structure; A.W. Jones Fund, Ltd. is the feeder fund, which invests substantially all of its assets in the master fund. A.W. Jones Associates LP is a standalone 3(c)(1) fund. The Funds and Insurance Fund are fund-of-funds that seeks to achieve capital appreciation through a program of investments in investment partnerships, managed accounts and other investment vehicles (the “Portfolio Funds”). The Adviser generally invests with fundamental, research-driven Portfolio Funds. However, the Adviser has broad and flexible investment authority in order to capitalize on investment opportunities

that may arise. The Adviser generally does not seek to invest substantial assets in “black-box” quantitative strategies. Although the Adviser may invest with Portfolio Funds that employ leverage, the Adviser seeks to avoid any investment strategy that depends on large amounts of financial leverage to generate attractive returns. In addition, the Adviser may invest a portion of Fund or Insurance Fund assets in instruments with exposure to indices or broad baskets of securities in order to manage risk and exposure levels. Availability of Tailored Services for Individual Clients With respect to the Funds and Insurance Fund, the Adviser does not tailor investment decisions to the needs of any particular investor and investors may not impose any restrictions on the Funds or Insurance Fund. Therefore, investors should consider whether the Fund and Insurance Fund meets their investment objectives and risk tolerance prior to investing in the Funds or Insurance Fund. Information about each Fund and Insurance Fund can be found in its offering documents, including its private placement memorandum. The Adviser also provides advisory services on a discretionary or non-discretionary basis to high net worth individuals, family offices, endowments and foundations, investment consultants and other registered investment advisors (the “non-Fund Clients” or “Clients”) with regards to tailored hedge fund portfolios. These portfolios of hedge funds may be in the form of direct investments, customized commingled funds, funds of one or other structures based on client preferences. The Adviser provides advice based on the specific investment objectives of the Client. Wrap Fee Programs The Adviser does not participate in wrap fee programs. Client Assets Under Management As of December 31, 2023, the Adviser had approximately $502,911,671 of regulatory assets under management, all of which is managed on a discretionary basis.