Item 5 - A d d i t i o n a l Compensation Item 6 - Supervision 4 CAPTRUST Financial Advisors I 4208 Six Forks Road, Suite 1700 I Raleigh, NC 27609 www.captrust.com I 919.870.6822 I 800.216.0645 ............................................................................................................................................................. 1 ................................................................................................................... 2 .............................................................................................................................................. 4 ............................................................................................................................................. 5 ................................................................................................................................ 8 .................................................... 10 ................................................................................................................................................ 10 ............................................. 11 .............................................................................................................................. 12 .................................................................. 13 ....................................................................................................... 14 ................................................................................................................................................... 15 ..................................................................................................................................... 15 ...................................................................................................................................... 18 ..................................................................................... 18 ............................................................................................................................................. 19 .......................................................................................................................... 19 ................................................................................................................................................................ 20 ................................................................................................................................. 20 .............................................................................................................................. 21 ................................................................................................................................... 21 ........................................... 22 ........................................................................................................................................................... 22 ....................................................................... 23 .............................................................................................................................. 25 ............................................................................................................................ 25 ........................................................................................................................... 26 .......................................................................................................................................................... 26 Introduction CAPTRUST F i n a n c i a l Advisors, also known as C a p F i n a n c i a l Partners, LLC, ("CAPTRUST" or "Adviser") was established i n April 2003 and approved as a Registered Investment Adviser in September 2003. The C a p F i n a n c i a l Group, LLC ("CFG", a North C a ro l i n a l i m i t e d l i a b i l i t y company) owns just under 100% of CAPTRUST. Each of CapFinancial H o l d i n g s , Inc. and Halftime H o l d i n g s, LLC owns more than 25% of The C a p F i n a n c i a l Group, LLC. GTCR Fund X I I B indirectly owns more than 25% of CAPTRUST t h ro u g h its ownership of Halftime H o l d i n g s , LLC. CAPTRUST is an investment adviser registered under the Investment Advisers Act of 1940. CAPTRUST provides investment advisory services to wealth management clients such as i n d i v i d u a l s , trusts, estates, charitable organizations, foundations, endowments, corporations or other businesses not listed above collectively referred to herein as "Client" or "Wealth Client". CAPTRUST renders continuous and regular investment supervisory services to Clients. CAPTRUST also provides investment advisory services to institutional clients i n c l u d i n g , but not limited to, retirement plan sponsors, 4 0l ( k ) plans, 403(b) plans, pensions, profit-sharing plans, non-qualified plans; endowments and foundations; religious organization; and other asset pools such as, corporations or other businesses not listed here ("Institutional Client") which are disclosed separately (please see CAPTRUST Institutional Disclosure Brochure w h i c h can be found here: https://www.captrust.com/important-disclosures/). As of December 31, 2023, CAPTRUST's Form ADV d i s c l o s e s $ $852,173,100,000 i n total assets u n d e r management. This total i n c l u d e s just over $689,824,900,000 i n nondiscretionary assets u n d e r advisement, p r i m a r i l y comprised of institutional client assets, and just u n d e r $162,348,100,000in discretionary assets under advisement that i n c l u d e s both institutional client and wealth ( i n d i v i d u a l ) client assets. CAPTRUST offers the following service(s) to the Client: Investment Advisory Services Establishment of Investment Objectives and G u i d e l i n e s Asset Allocation Analysis Investment Manager Selection /Mutual Fund Evaluation O n g o i n g Investment Manager/Mutual Fund Due D i l i g e n c e O n g o i n g Quarterly Performance Measurement F i n a n c i a l and Estate P l a n n i n g Services F i n a n c i a l Plan and Analysis Estate P l a n n i n g Review with Legal and/or Tax Advisor Tax Review with Legal and/or Tax Advisor I n s u r a n c e Review Charitable Gifting Strategies with Legal and/or Tax Advisor Tax Related Services, F a m i l y Office, and other A n c i l l a r y Services Tax Consulting and P l a n n i n g Accounting/Tax Preparation B i l l Pay 5 CAPTRUST Financial Advisors I 4208 Six Forks Road, Suite 1700 I Raleigh, NC 27609 www.captrust.com I 919.870.6822 I 800.216.0645    Investment Supervisory Services Adviser provides investment supervisory services on a discretionary or non-discretionary basis i n c l u d i n g , but not l i m i t e d to the fo l l o w i n g : Adviser designs, revises, and reallocates a Client's custom portfolio(s). Investments are determined based upon the Client's investment objectives, risk tolerance, net worth, net income, age, time horizon, tax situation and other various s u i t a b i l i t y factors. Adviser manages the Client's custom accounts on an i n d i v i d u a l i z e d basis. Restrictions and g u i d e l i n e s imposed by Clients may affect the composition and performance of custom portfolios (as a result, performance of custom portfolios w i t h i n the same investment objective may differ and Clients s h o u l d not expect that the performance of their custom portfolios w i ll be identical to any other i n d i v i d u a l ' s portfolio performance). Adviser utilizes services of sub-advisers a n d established third party research services to assist Adviser with fo r m u l a t i n g asset allocation, industry and sector selection, and i n d i v i d u a l security investment recommendations i n constructing and m a i n t a i n i n g custom portfolios. Adviser's Clients enter into a fee-based Agreement. Advisory fees stated i n CAPTRUST's fee­ based Agreements may or may not i n c l u d e the cost of transactions/trade executions depending upon the type of account the cl i e n t chooses and whether the fee is negotiated on "wrap-fee" or "non-wrap-fee" basis. Advisory Fees may be h i g h e r or lower than obtainable elsewhere. Wrap Fee Accounts. CAPTRUST sponsors wrap fee program services (see Appendix 1 "CAPTRUST Wrap Fee Programs Brochure" for a complete description of the wrap fee programs offered t h ro u g h CAPTRUST). Wrap fee programs are designed to assist clients, both i n d i v i d u a l s and institutions

(such as corporations and other business entities, trusts, estates, and charitable organizations), to identify t h e i r investment needs and to obtain professional asset management for a convenient s i n g l e "wrap" fee that includes both the cost of transactions/executions and investment advisory fees. An investor s h o u l d consider a l l the information w i t h i n the CAPTRUST Wrap Fee Programs Brochure before participating in a wrap fee program. The information in the CAPTRUST Wrap Fee Programs Brochure has not been approved or verified by any governmental authority. Separately Managed Accounts. ("SMA") CAPTRUST sponsors an SMA "Wrap-Fee" Program w h i c h is disclosed in Appendix 1 ("CAPTRUST Wrap Fee Programs Brochure") to the CAPTRUST Wealth C l i e n t Brochure - ADV Part 2A. CAPTRUST sponsored S M A Wrap-Fee Program accounts are held at Pershing, LLC. We also participate i n Schwab Managed Account Programs such as Schwab's Managed Account Select and Managed Account Access (both Schwab sponsored "Wrap-Fee" programs), w h i c h are a v a i l a b l e to CAPTRUST Clients who have their accounts at Schwab. Some Clients with t h e i r accounts at Schwab have accessed S M A managers though Schwab's Managed Account Marketplace (which is not a wrap-fee p ro g r a m ) . These Schwab programs a l l o w access to independent investment management firms offered by the Schwab Advisor Services d i v i s i o n of Charles Schwab & Co. Inc. ("Schwab"). CAPTRUST performs due d i l i g e n c e on various independent investment managers. Based on the client's i n d i v i d u a l circumstances, CAPTRUST determines w h i c h SMA manager's portfolio management style is appropriate for that client. Factors considered in making this determination i n cl u d e account size, risk tolerance, the objectives of each client and the investment p h i l o s o p h y of the selected manager. Clients s h o u l d refer to the SMA manager's Disclosure Brochure or other disclosure documents for a full description of the services offered. We w i l l furnish a copy of the disclosure brochures for each SMA manager recommended. We may recommend one or more SMA managers to manage the client's assets on a discretionary basis. On an o n g o i n g basis, we monitor the performance of the SMA manager(s). 6 With the exception of CAPTRUST's S M A Wrap Program, CAPTRUST's fee is independent of the fee charged by managers for the management of separate accounts. Fees associated with S M A Managers vary and are separately disclosed i n each manager's disclosure brochure and d e p e n d i n g on the S M A program chosen by the client, may or may not i n cl u d e the cost of execution. CAPTRUST w i l l make its recommendations i n the best interest of the Client, taking into account the Client's preferences. Depending on the service u t i l i z e d , program fees for the SMA services may be up to 3.00%. For Clients who have chosen one of Schwab's Managed Account Services Wrap-Fee Program(s), CAPTRUST w i l l deliver Schwab's Brochure w h i c h explains how Schwab calculates their SMA program fees. Schwab m u l t i p l i e s the actual d a i l y balance of your account by the d a i l y pro rata portion of the a n n u a l rate and then adds together the fees for each day of the month. The program fee is b i l l e d to the Client's account monthly, which may result in Clients paying a h i g h e r fee on an a n n u a l basis than the a n n u a l rate due to the effects of c o m p o u n d i n g . CAPTRUST advisory fees are t y p i c a l l y charged quarterly i n advance based on the value of your account on the last day of the previous quarter. When a d d i t i o n a l assets are received into an Account d u r i n g a quarter or if assets are withdrawn d u r i n g a quarter, a fee adjustment w i l l be made to the fo l l o w i n g quarter's fee calculation and w i l l be reflected upon the cl i e n t statement. Schwab's Managed Account Select and Managed Account Access provide access to money managers across various investment styles. Schwab's fees for these programs are b u n d l e d as a s i n g l e , a l l - i n cl u s i v e fee, w h i c h is in a d d i t i o n to the fee charged by CAPTRUST. I n general, access to managers in Schwab's programs is a v a i l a b l e at the fo l l o w i n g account levels: $100,000 for Stock/Equity Managers and $250,000 for Bond/Fixed Income Managers. Although some money managers may have h i g h e r account m i n i m u m s . Schwab's program fees i n cl u d e the institutional money manager fee, Schwab's program fee and fees for brokerage/clearing/custodial services. Fees may i n c l u d e a m i n i m u m monthly fee. Please see related program documents for a complete description of specific fees. Some Clients choose Schwab's Managed Account Marketplace which affords access to SMA managers Clients can engage directly. Managed accounts established u n d e r the Schwab Marketplace are charged separately by Schwab for brokerage and custody services and by the SMA manager under the SMA manager's advisory agreement. Subadvisory Agreements Occasionally, CAPTRUST establishes a "subadvisory agreement" with a SMA manager who may or may not participate i n one or more of the programs described in this section. Under t h i s type of arrangement, CAPTRUST's fee can be quoted to i n cl u d e or exclude the subadvisor's fee. I n this way, Clients can decide whether to permit the subadvisor to charge t h e i r fee directly to the Client's account or to have CAPTRUST c o m b i n e their fee to i n c l u d e the subadvisor's fee. Either way, the advisory agreement governing the relationship should clearly describe the method by w h i c h advisory fees w i ll be charged and paid and whether the quoted fee i n c l u d e s both CAPTRUST's fee and subadvisory fees. Other Investment Advisory Services. Adviser provides investment advisory services that do not involve investment supervisory services on a discretionary or non-discretionary basis. I n order to determine a suitable course of action for an i n d i v i d u a l Client, Adviser shall perform a review of the variables that are presented. Such review may include, but w o u l d not necessarily be l i m i t e d to, investment objectives, consideration of the Client's overall f i n a n c i a l condition, income and tax status, personal and business assets, risk profile, and other factors u n i q u e to the Client's particular circumstances. Consultations. Adviser furnishes investment advice through i n d i v i d u a l consultations. To the extent it is requested to do so, Adviser provides its Clients with investment advisory and consultation services on a "fee for service" basis. I n order to determine a s u i t a b l e course of action for an i n d i v i d u a l Client, Adviser shall perform a review of the variables that are presented. Such review may i n c l u d e , but would not necessarily be l i m i t e d to, investment objectives, consideration of the Client's overall fi n a n c i a l condition, income and tax status, personal and business assets, risk profile, and other factors u n i q u e to the Client's particular circumstances. Adviser w i l l obtain pertinent information from the Client verbally or by way of any current information gathering documents approved for use by Adviser or other documents and data provided by Client. This information gathered w i l l assist Adviser in determining the most appropriate course of action for its Client's fi n a n c i a l and investment activity. Adviser offers advice on private placements and/or l i m i t e d partnerships that are considered "alternative investments," for example limited partnerships that are known as a "fund of funds" (typically a fund of "private" funds). Adviser also offers advice on private equity funds that contain investments in equities, futures, options, and other securities. Any such recommendation w i l l be made only when determined to be suitable and must be accompanied by or preceded by a prospectus or offering memorandum. Item 10 (below) has a detailed description of any conflicts of interest i n connection to CAPTRUST proprietary private funds.