THE COMPANY Syntax Research, Inc. (“Syntax Research” or “Syntax”) was founded in 2002 by Sandeep Sharma, CFA, the principal and sole owner. Mr. Sharma received his MBA in Finance and Corporate Accounting in 1987 and has been a CFA Charter Holder since 2000. Syntax Research is a provider of investment strategies and investment advice to family offices, institutions, advisors and non-institutional clients. Syntax Research assists institutions and advisors in creating, managing and implementing investment strategies utilizing investment vehicles from individual equities, exchange-traded funds, and separately managed accounts. Syntax offers the following advisory services, where appropriate, to family offices, high net worth individuals, their related trusts and estates, as well as investment advisers, broker dealers, and other financial services providers. ASSETS UNDER MANAGEMENT As of December 31, 2023, Syntax had $177,802,626 of assets under management on a discretionary basis and $113,228 on a non-discretionary basis. ADVISORY SERVICES We offer following advisory services. MODEL PORTFOLIO DESIGN AND MANAGEMENT Syntax constructs and manages a range of investment strategies for specific investment objectives. The objectives can be core such as targeting a level of risk (standard deviation of returns over a 3-year time period) relative to a broad equity index or specific such as emphasis on yield or total return. These models will predominantly utilize tradable securities like individual equities and exchange traded funds ("ETFs"). Syntax believes that use of ETFs helps provide diversification and a global reach for the portfolios. Syntax will only play the role of a model manager provider and will not be responsible for any action, inaction, or decision within the actual accounts in which the models are used. This is the sole responsibility of the financial services provider client or their representative/advisor. PORTFOLIO MANAGEMENT AND OTHER

INVESTMENT MANAGEMENT SERVICES Syntax also provides portfolio management services to clients using model asset allocation portfolios. Syntax designs each model portfolio to meet a particular investment goal. Syntax will manage these advisory accounts on a discretionary basis only. Through personal discussions Syntax will discuss with clients their goals and objectives and help select a model portfolio which is suitable in light of such client’s circumstances. Once the appropriate portfolio has been determined, Syntax will manage a client’s portfolio based on the portfolio's goal. Each client will retain individual ownership of all securities. Syntax may also provide investment management services not under one of its asset allocation models on a discretionary or non-discretionary basis. This service is intended to provide more personalized attention than its basic portfolio management service. In reviewing these with clients, clients may impose restrictions on investing in certain securities or types of securities. Syntax prefers using ETFs and individual equities however legacy portfolios not covered under its model strategies may include investments in common stocks, preferred stocks, investment grade and non-investment grade corporate bonds, U.S. Government and agency securities, convertible securities (including stocks and convertible corporate bonds), exchange traded funds and mutual funds owning one or more of these types of securities and variable annuities. 5 | P a g e Syntax Research will tailor its advisory services to the individual needs of a client with respect to any separately managed account client. Each client will have the opportunity to place reasonable restrictions on the types of investments to be held in its account and account supervision will be guided by a client’s stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income). Syntax Research does not participate in any wrap fee programs.