Provident Trust Company (“Provident”) was founded in 1999 to provide integrated financial forecasting, portfolio management and trust services. The principal owners of Provident are J. Scott Harkness (the Chairman and Chief Executive Officer) and various trusts for the benefit of his spouse and children. Provident manages equity, balanced and fixed income portfolios, serves as adviser to an open-end mutual fund and serves as a model portfolio adviser to one or more unified managed accounts. Equity Strategy: Provident utilizes a multi-cap core growth strategy with the goal of exceeding inflation and the S&P 500 Stock Index over full market cycles. Stocks of small, medium and large capitalization companies will be utilized with an emphasis on the company size that represents the best relative value. Stock selection concentrates on companies with above-average historical sales and earnings, and an outlook for continuation of those trends. The maximum equity exposure ranges from 90% to 100% of the portfolio, as mutually agreed upon by the client and Provident in a written investment objective statement which is subject to review and modification if the client’s needs, goals or risk tolerance change over time. Balanced Strategy: Provident combines our multi-cap core growth equity strategy with our fixed income strategy to produce a balanced portfolio of individual stocks, fixed income exchange-traded funds (ETFs) and/or bonds and money market instruments. The goal is to grow the portfolio faster than inflation over full market cycles. The maximum equity exposure generally ranges from 50% to 85% of the portfolio, as mutually agreed upon by the client and Provident in a written investment objective statement, which is subject to review and modification if the client’s needs, goals or risk tolerance change over time. Fixed Income Strategy: The fixed income strategy’s goal is to provide steady income and principal stability with returns that match the appropriate fixed-income benchmarks. Provident primarily utilizes fixed income ETFs and individual fixed income securities to provide exposure to domestic and global fixed income markets. Provident primarily invests in publicly issued, U.S. dollar-denominated, high quality, investment grade, corporate, sovereign, U.S. government, fixed and variable-rate, taxable and municipal fixed income securities with remaining maturities between one and ten years and

index based, fixed income ETFs that emphasize similar investments. Provident does not typically engage in active bond trading or interest rate anticipation strategies. Fixed income accounts will generally be invested up to 100% in fixed income ETFs and/or individual fixed income securities; however, to the extent that equities are utilized the maximum equity exposure will generally range from 0% to 45% of the portfolio, as mutually-agreed upon by the client and Provident in a written investment objective statement, which is subject to review and modification if the client’s needs, goals or risk tolerance change over time. Investment Restrictions: Clients may impose investment restrictions on Provident, for example: clients may restrict the purchase of certain securities or the employment of certain investment strategies in their accounts. Provident Trust Strategy Fund: Provident provides discretionary investment advisory services to Provident Mutual Funds, Inc., a registered investment company, as adviser to the Provident Trust Strategy Fund (the “Fund”), a no-load, open-end mutual fund. For more information about the Fund (PROVX), please see the most recent Prospectus. Managed Account Programs: Provident may serve as a portfolio manager for managed accounts, unified managed accounts or similar programs sponsored by unaffiliated financial services firms, such as investment advisers and broker-dealers. Managed account programs allow clients to have their accounts managed by one or more participating portfolio managers. The program sponsors provide a variety of services to clients, including reviewing their financial situations, recommending portfolio managers and monitoring and reviewing the performance of portfolio managers. Depending on the program, the clients may enter into an investment advisory agreement with either the sponsor or Provident. Under a unified managed account program, Provident may provide recommendations and nondiscretionary investment advice regarding the construction and maintenance of a model portfolio to be used in the management of client accounts by the sponsor or overlay manager. The fees for these programs may vary from the schedule of fees set forth in Item 5 below, and from program to program. Assets Under Management: As of December 31, 2022, Provident managed $4,839,010,903 of client assets on a discretionary basis and $156,845 on a nondiscretionary basis.