Description of Services and Fees Fairfield, Bush & Co. (FBC) is a registered investment adviser based in Darien, CT. We are organized as a corporation under the laws of the State of CT. We have been providing investment advisory services since 1973. Charles A. Krause is the principal owner and purchased the firm in 1997. In July 2013, Fairfield Research Corp. purchased J. Bush & Co. from Webster Bank. The investment advisory firms merged and became Fairfield, Bush & Co. Jonathan J. Bush retired from the firm on December 31, 2018, and passed away on May 5, 2021. In July 2016, FBC purchased Soundview Capital; the investment advisory firms merged into Fairfield Bush & Co. Christopher Getman became a Portfolio Manager at the time and passed away on July 9, 2023. Portfolio Management Services We offer discretionary and non-discretionary portfolio management services. If you retain our firm for portfolio management services, we will meet with you to determine your investment objectives, risk tolerance, and other relevant information at the beginning of our advisory relationship. We will use the information we gather to develop a strategy that enables our firm to give you continuous and focused investment advice and/or to make investments on your behalf. As part of our portfolio management services, we customize an investment portfolio for you that is tailored to your risk tolerance and investing objectives. We can also invest your assets using a predefined strategy, or we may invest your assets according to one or more model portfolios developed by our firm. Once we construct an investment portfolio for you, or select a model portfolio, we monitor your portfolio's performance on an ongoing basis, and may rebalance the portfolio as required by changes in market conditions or in your financial circumstances. If you participate in our discretionary portfolio management services, we usually require you to grant our firm discretionary authority to manage your account. Discretionary authorization allows us to determine the specific securities, and the number of securities to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the investment advisory agreement you sign with our firm and the appropriate trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased for your account) by providing our firm with your restrictions and guidelines in writing. If you enter into nondiscretionary arrangements with our firm, we must obtain your approval prior to placing orders with brokers for executing transactions on behalf of your account. IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor (“DOL”) Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL’s Prohibited Transaction Exemption 2020-02 (“PTE 2020-02”) where applicable, we are providing the following acknowledgment to you. When we provide investment advice to you regarding your retirement plan account

or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money may create some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest. We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in your best interest. Assets Under Management As of December 31, 2023, we provide continuous management services for approximately $215,399,211 in client assets on a discretionary basis, and $233,529.310 in client assets on a non-discretionary basis. Management of the Firm Fairfield, Bush & Co., formerly named Fairfield Research Corporation, was founded in 1973. FBC requires associated persons in decision-making positions to have at least a college degree and extensive experience in the investment business. The following are the principal executive officers of FBC and those individuals who determine general investment advice given to clients: Charles A. Krause has a B.A. degree in Economics from Yale University, and an M.B.A. degree in Finance from Columbia University Business School. He was affiliated as a manager with the private banking firm of Brown Brothers Harriman & Co. for 12 years prior to joining FBC. Erik Pearson, Director of Research and Portfolio Manager, earned a B.S. degree from Lewis and Clark College and a J.D. degree from the University of Wisconsin. Prior to joining FBC in 2016, Mr. Pearson was Director of Research at Soundview Capital Management. Michael Carlin joined FBC as Head Trader in February 2022. Michael has over 13 years of experience working in wealth management, including 8 years with Merrill Lynch. He earned his B.S. degree in Management and Finance from Fairfield University in 2009. Juan Carmona is Director of Portfolio Administration and Client Services and joined FBC in January of 2022. He has over 13 years of client service experience, focusing on family offices and wealth management firms for the last 7 years. Juan holds a B.S. degree in Resource Economics and B.A degree in Spanish from the University of Connecticut. FBC does not have any affiliation with any other company or adviser.