Cornerstone Trust Management Services LLC (“Cornerstone”) commenced its investment advisory business in May, 2014. Cornerstone is a wholly owned indirect subsidiary of StoneMor Partners L.P. (“StoneMor L.P.”), formerly a publicly traded limited partnership, whose controlling partner, StoneMor Inc. dba Everstory Partners, is a Delaware corporation (“StoneMor”). Prior to its statutory conversion effective December 31, 2019, StoneMor was a Delaware limited liability company known as StoneMor GP LLC. In November, 2022, StoneMor became a privately held company wholly-owned by Everstory Parent Corp. (formerly known as Axar Cemetery Parent Corp.), a Delaware corporation (“Everstory Parent”). StoneMor is a leading provider of funeral and cemetery merchandise and services and burial spaces in the United States and Puerto Rico. Those merchandise and services and burial spaces are provided, and the cemeteries and funeral homes are owned, operated and/or managed, by StoneMor, its subsidiaries or affiliates. As applicable, “StoneMor” as used hereafter refers to StoneMor Inc. and its subsidiaries and affiliates. Cornerstone’s sole direct owner is Cemetery Management Services, L.L.C., whose sole direct owner is Henlopen Memorial Park Subsidiary LLC, whose sole direct owner is Cornerstone Family Services of West Virginia Subsidiary, Inc., whose sole direct owner is Cornerstone Family Services of West Virginia LLC, whose sole direct owner is StoneMor Operating LLC, whose sole direct owner is StoneMor Partners L.P. The sole general partner of StoneMor Partners L.P. is StoneMor and the sole limited partner of StoneMor Partners L.P. is StoneMor LP Holdings, LLC, a Delaware limited liability company of which StoneMor is the sole member. StoneMor’s sole direct owner is Everstory Parent. StoneMor has a significant amount of assets in preneed merchandise and services trust and escrow account(s) and perpetual care trust account(s) (the “Trusts”). The funds in preneed merchandise and services trust and escrow account(s) are generally payable to StoneMor upon delivery of the merchandise and performance of the services to which they pertain. The income from the perpetual care trust account(s) is generally payable to StoneMor to provide perpetual care to the cemeteries to which they pertain. The purpose of Cornerstone’s investment advisory business is to provide investment advisory and other services to the banking financial institution trustee and escrow agents of such trusts and escrow account(s) (the “Trustee”). Certain of the Trusts, acting through the Trustee, have formed pooled investment vehicles (“Pooled Vehicles”) which the Trusts, acting through the Trustee, manage and to which they contribute assets of the Trusts for pooled investment to enhance their respective investment opportunities and permit them to obtain the benefits of strategic investment and collective management of their assets. The investment advisory services Cornerstone provides to the Trustee includes providing non-discretionary

advice regarding the Trusts’ investments through these Pooled Vehicles. The Trustee desiring such services will contract with Cornerstone to provide non-discretionary investment advisory advice, trust and escrow account accounting, trust and escrow account oversight, trust and escrow account performance monitoring and/or other ancillary functions covering StoneMor’s trust and escrow account assets. Cornerstone may engage sub-advisors to assist Cornerstone in providing such services to the Trustee. The services provided include non- discretionary investment advice, asset allocations and benchmarks, performance monitoring, market overviews and outlooks, risk and exposure, and trust and escrow fund summaries. Trust and escrow account investment data management and reporting are subcontracted with OroSolutions LLC. Trust and escrow accounting services and ancillary functions currently are subcontracted with StoneMor Operating LLC (or its designated affiliate(s)). As set forth hereinafter in the Methods of Analysis, Investment Strategies, and Risk of Loss section of this Brochure, Cornerstone will tailor its advisory services to the varying purposes of the preneed merchandise and services trusts and escrow accounts (e.g., to preserve funds to pay for future delivery of merchandise and performance of services) and perpetual care trusts (e.g., to generate income for the perpetual care of cemeteries). The Trustee may impose restrictions on investments in certain securities. The composition of the trust and escrow account funds is dependent upon the investment goals of the underlying trust and escrow account(s), as well as state law mandating such trust(s) and escrow account(s). Funds may be comprised of one or more of the following security types or other types of investments mandated or permitted by state law governing such trust and escrow account(s):
• Money market funds that invest in low risk short term securities;
• Publicly traded mutual funds that invest in underlying debt securities;
• Publicly traded mutual funds that invest in underlying equity securities;
• Equity investments that are currently paying dividends or distributions, including real estate investment trusts, master limited partnerships and global equity securities;
• Fixed maturity debt securities issued by various corporate entities;
• Fixed maturity debt securities issued by the United States government and United States government agencies;
• Fixed maturity debt securities issued by State and local governmental agencies;
• Hedge funds and private credit funds; and
• Private investments. As of December 31, 2023, Cornerstone had approximately $999,758,000 in regulatory assets under management, all on a non-discretionary basis. All investment decisions regarding such assets are ultimately made by the respective Trustee of the trust and escrow account funds and not by Cornerstone.