Adviser Episteme Capital Partners (UK), LLP (the “Adviser”), together with its principal affiliates, Episteme Capital Partners (Cayman), Ltd. (“ECP (Cayman)”) and Episteme Capital Partners (US), LLC (“ECP (US)”) was formed in February 2009. Adviser maintains its principal office in London. ECP (Cayman), an exempted company with limited liability organized under the laws of the Cayman Islands, maintains its principal place of business in the Cayman Islands and is the ultimate parent company and governance body of both Adviser and ECP (US). ECP (US), a Delaware limited liability company, maintains its principal place of business in Rye Brook, NY and provides certain administrative, middle and back-office services to Adviser pursuant to an administrative agreement. As further described in Item 10 below, Adviser is registered as an Alternative Investment Fund Manager with the FCA, and the Adviser, ECP (Cayman) and ECP (US) are each registered with the U.S. Commodity Futures Trading Commission (the "CFTC"). The individual principals (the “Principals”) as a group control ECP (Cayman) and Adviser. The Principals are the following individuals: Adrian Eterovic is a Principal, the Chief Executive Officer and the Chief Investment Officer (the “Chief Investment Officer”) of Adviser. Mr. Eterovic is also a Director of ECP (Cayman). Previously, Mr. Eterovic was the CEO of JWM Partners (UK) from 2004 to 2009 and was co-chairman of JWM Partners’ Investment Committee from 2003 to 2005. From 1993 to 1999 he was with Long-Term Capital Management (UK) and prior to that he was with Salomon Brothers Inc. He holds an M.Sc. in Statistics from Imperial College London (2015), a Ph.D. and an M.A. in Economics from Harvard University (1994), and an Sc.D. degree in Structural Engineering and two M.S. degrees, one in Mechanical Engineering and the other in Civil Engineering, from the Massachusetts Institute of Technology (1992) as well as a B.S. in Physics and a Mechanical and Electrical Engineering degree from the National University of Cordoba (1987). Gustavo Lau is a Principal of Adviser and Head of Risk and Operations. Previously, Mr. Lau was a senior fixed income trader at JWM Partners (UK) from 2000 to 2009, and prior to that was with Long-Term Capital Management (UK) since 1994. He holds a Ph.D. in Computer Science (2019) from the Universitat Politècnica de Catalunya, an M.S. degree in Computer Science (1988) and two B.S. in Mathematics (1988) and Computer Science (1986) from the Universidad Simon Bolivar, Venezuela. He also attended the MBA program at the IESE Business School, Spain (1994). Mr. Lau is a Mathematics Masterclass lecturer for the Royal Institution of Great Britain. Jameel Kassam is a Principal of Adviser and Co-Head of Research. Mr. Kassam was a Strategist at the Adviser from its inception until May 2014. Prior to that he held the same role at JWM Partners from early 2007. He holds an MPhys degree in Physics from the University of Oxford (2006). Richard Leahy is a Director of ECP (Cayman) and a Principal of ECP (US). Previously, Mr. Leahy was a founding partner of JWM Partners, and prior to that he was a Principal of Long-Term Capital Management since 1993. He was formerly a Managing Director of Salomon Brothers and Co-Head of the Mortgage Securities Department. He holds a B.S. degree in Economics from Boston State College (1970) and attended graduate school at the University of Pennsylvania. Osvaldo Canavosio is a Principal of ECP (US). Prior to joining Episteme Capital, Mr. Canavosio was formerly Head of Manager Research and Sector Head - Global Macro at Man FRM in New York. He was also a member of Man FRM’s Investment Committee and Man FRM’s Management Committee. Osvaldo has 25 years of global investment experience. Prior to joining Episteme, he worked at Man FRM for over ten years serving in several capacities including research and portfolio management. From 2004 to 2008, he worked at Vega Asset Management/Proxima Alfa Investments in New York, where he was a Managing Director for Business Development. Before this he was Head Trader at Citibank Argentina. Osvaldo holds a master’s degree in Finance from Universidad Torcuato Di Tella (1999) in Argentina as well as an Economics degree (honors) from Universidad Católica Argentina (1996). He is also a CFA Charterholder. Helaine Rosenbaum Dryden is a Principal of ECP (US) and the General Counsel and Chief Compliance Officer of the Episteme Capital Group. Ms. Dryden was previously General Counsel and Chief Compliance Officer at JWM Partners which she joined at its founding in 2000. Prior to JWMP, she was Associate General Counsel of Long-Term Capital Management from 1997 to 2000. Prior to LTCM, Ms. Dryden was an associate at Debevoise & Plimpton where her clients primarily consisted of investment advisors and her practice encompassed advice regarding securities and other financing transactions as well as mergers & acquisitions. From July 1989 to July 1991, she was employed by Morgan Stanley & Co. as a financial analyst. Ms. Dryden received a B.A. degree from U.C. Berkeley in Economics (1989) and a J.D. degree from Harvard Law School (1994). She is admitted to the Bars of the States of New York and Arizona. Gina Roman is a Principal of ECP (US) and the Chief Financial Officer of Episteme Capital Group. Previously Ms. Roman was a Controller at JWM Partners which she joined at its founding in 2000. Ms. Roman was Assistant Controller at LTCM. Ms. Roman previously practiced as a CPA in Pennsylvania (1985-1993) and worked as a CFO of a privately held International Textile company (1994-1999). Ms. Roman is a graduate of Temple University with a Bachelor of Business Administration Degree, Accounting major. Advisory Services Adviser provides investment advisory services to pooled investment vehicles that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”) (each, a “Fund” and collectively the “Funds”), as well as provides discretionary advisory and sub-advisory services to various managed accounts (the “Managed Accounts”) each of which, as of the date of this Brochure, are futures portfolios (predominantly consisting of futures contracts and foreign exchange forwards) and have either claimed an exemption under the rules and regulations of the CFTC or are not otherwise required to be registered as a commodity pool under such rules and regulations. As the investment adviser of the Funds, Adviser’s services consist of identifying opportunities for acquisition, management, monitoring, and disposition of investments of the Funds. Investment advice is provided directly to the Funds, subject to the discretion and control of the managing member, the board of directors or general partner of the applicable Fund, and not individually to the members, shareholders or limited partners of the Funds. Of the Funds currently sponsored by Adviser, only Systematic Quest Portfolio Company, Ltd. ("SQP") is available for investment by most external investors. SQP is organized in a “master-feeder” structure. Systematic Quest Fund I, LLC (the “Onshore Fund”) and Systematic Quest Fund II, Ltd. (the “Offshore Fund”) are feeder funds, each of which achieves its objective by investing substantially all of its assets directly

or indirectly in SQP. SQP’s investment approach has a balanced combination of fundamental, technical and liquidity strategies. The Adviser has also established a Fund of One which is only available to its underlying beneficial owner. Finally, the Adviser is currently developing additional trading programs in four additional private funds but such funds are only currently offered to internal investors. Clients establish the Managed Accounts by depositing assets into accounts maintained by independent custodians, prime brokers or futures clearing merchants and entering into an Advisory Agreement (as defined below) specifying the client’s investment objectives and the benchmark strategy. The Managed Accounts currently are managed in one of three strategies: 1. Episteme Systematic Quest (hereinafter referred to as “ESQ”) which is a multi-asset class systematic global macro strategy. ESQ’s investment approach has a balanced combination of fundamental, technical, and liquidity strategies. The strategy trades the most liquid foreign exchange forwards and government bond, short term interest rate, equity index and commodity futures. ESQ may also be combined with a cash management strategy as “ESQTR”. ESQTR is the strategy implemented by SQP. 2. Episteme Systematic Financial (hereinafter referred to as “ESF”) which is a multi-asset class systematic global macro strategy. ESF’s investment approach has a balanced combination of fundamental, technical, and liquidity strategies. The strategy trades the most liquid foreign exchange forwards and government bond, short term interest rate and equity index futures. This is a subset of the strategy implemented by ESQ. 3. Episteme Emerald (hereinafter referred to as “Emerald”) which is a quantitative systematic macro program, which blends fundamental and technical strategies implemented through a diversified set of futures and FX markets. These strategies are also a subset of the strategy implemented by ESQ although it is subject to independent portfolio optimization from ESQ. Accordingly, trades are subject to different weightings and may be in the opposite direction from ESQ. The following investment strategies are also currently available for Managed Accounts: 1. Episteme Systematic Fixed Income TR (hereinafter referred to as “ESFITR”), a multi-strategy systematic program that trades the most liquid fixed income futures markets as well as short-term instruments for cash management, including US Treasury Bills. ESFITR includes cash management, therefore its returns are Total Returns (TR). ESFITR’s investment approach has a balanced combination of fundamental, technical, and liquidity strategies. These strategies consist of the fixed-income strategies implemented by ESQ. A subset of ESFITR, Episteme Fixed Income Opportunities (previously referred to as the Global Liquid Opportunities strategy and hereinafter referred to as “GLO”), which trades certain fixed income event-driven strategies is also available. It uses highly liquid government bond futures, but it could potentially use government bonds.. 2. Episteme Systematic Commodities (hereinafter referred to as “ESC”), a multi-strategy systematic program that trades the most liquid commodity futures markets. ESC’s investment approach has a balanced combination of fundamental, technical, and liquidity strategies. This is also a subset of the strategies implemented by ESQ. The following investment strategies are currently under development in the internal funds. While they are not yet available for external investors in a private fund or commingled pool, the Adviser discusses such programs with potential Managed Accounts from time to time. 1. Episteme Multi-Strategy (“EMS”) is a multi-asset class diversified program that currently combines the strategies of ESQ (futures including FX futures instead of FX forwards, systematic global macro), GLO (futures, event driven), and GEO (equities, event driven). The list of strategies, programs and their allocations can change over time. 2. Episteme Trend (“ETR”) is a multi-asset class trend following program. ETR invests in the most actively traded foreign exchange, government bond, short term interest rate, equity index and commodity futures. 3. Episteme Equity Opportunities (“GEO”) is a global equity short-horizon event driven market neutral program focusing on trading opportunities that arise from both corporate actions and equity index events. 4. Episteme Systematic Equities (“ESE”) is a new systematic equity market neutral program still being researched which will trade in global cash equities. Adviser seeks to achieve the investment objectives of its external clients by utilizing a wide range of investment strategies across multiple assets classes including futures and foreign exchange forwards. The various strategies and asset classes are described more fully in Item 8 below. Adviser may in the future organize other investment funds, including feeder funds for the Funds or parallel funds for employees of Adviser, Funds of One, or manage investment funds or separately managed accounts that may either co-invest with the Funds and/or the Managed Accounts or follow an investment program similar to or different from the Funds’ and Managed Accounts’ programs. Adviser may also establish special purpose vehicles or subsidiaries and Advisor or the Funds may invest in or act through such special purpose vehicles or subsidiaries. Services are provided to the Funds and the Managed Accounts in accordance with the investment and advisory, investment management, trading advisory or client advisory agreements with each of the respective Funds and Managed Accounts (each, an “Advisory Agreement”) and/or organizational documents of the applicable Fund. Investment restrictions for the Funds or Managed Accounts, if any, are generally established in the organizational or offering documents of the applicable Fund or the Advisory Agreements with respect to a Managed Account. All discussions of the Funds in this brochure, including but not limited to their investments, the strategies used in managing the Funds, the fees and other costs associated with an investment in the Funds, and conflicts of interest faced by Adviser and its affiliates in connection with management of the Funds are qualified in their entirety by reference to each Fund’s respective confidential offering memorandum (if any) and governing documents (referred to collectively as “Offering Documents.”). Similarly, all discussions of the Managed Accounts in this brochure, including but not limited to their investments, the strategies used in managing the Managed Accounts, the fees and other costs associated with the Managed Accounts, and conflicts of interest faced by Adviser and its affiliates in connection with management of the Managed Accounts are qualified in their entirety by reference to each Managed Account’s respective Advisory Agreement and any other relevant governing documents. Assets Under Management As of December 31, 2023, Adviser managed approximately $2.5 billion on a discretionary basis, which includes both securities portfolios and commodities and futures accounts. Such assets under management represents the risk-adjusted equivalent of all accounts managed by the Adviser when compared to SQP at 1x.