4. A. Advisory Firm Description Granite is a registered investment adviser with its principal place of business located in Los Angeles, California. Granite was founded in July 2009 and is 100% owned by its employees. The Principal Owners of the firm are Geoffrey Edelstein, Robert Foran, Edward Han, Jeffrey Hoo, Peter Lopez, Gary Rolle, Josh Shaskan, and Bradley Slocum. Granite has also provided equity interests for other key members of the firm. 4. B. Types of Advisory Services Granite offers investment advisory services to institutional clients including employee benefit plans, foundations, endowment, government entities and private funds well as high net worth individuals (collectively the “Clients”). Normally, accounts are fully discretionary and managed in accordance with the Client’s risk and return objectives and portfolio constraints including investment time horizon, liquidity needs, tax considerations, unique circumstances and other reasonable guidelines established by Client and accepted by Granite. Granite reserves the right to limit the number of clients or assets invested in a strategy at any time. As such, that strategy may be unavailable to certain new investors. Certain mutual funds, and other pooled vehicles, sub-advised by Granite in a strategy limited as described above are not currently subject to such limits. Granite offers equity, balanced and fixed income portfolios. The strategies offered by Granite will invest primarily in domestic large and small capitalization companies, but may invest in foreign companies consistent with the Client’s objectives. The fixed income accounts and fixed income portion of balanced accounts are invested in U.S. Treasury and Agency debt; investment grade corporate bonds and preferred stocks; mortgage backed securities; and municipal debt (for appropriate taxable investors). High yield corporate bonds may be used when suitable for the Client (these bonds involve greater risks than other bonds). Mutual funds (open and closed end), exchange traded funds (“ETFs”) and unit investment trusts may be used to invest where appropriate in light of the asset class and Client’s circumstances. Granite may in the future participate in other permitted activities. Granite serves as both the adviser and managing member to a domestic Private Fund (the “Fund”). Services provided to the Private Fund also may include organizing and managing its business operations; executing and reconciling trades; and drafting, printing and distributing correspondence to Investors. Granite also acts as a sub-adviser to a registered investment company and may act as a sub-adviser to additional registered investment companies in the future (collectively, “Mutual Funds”). As such, we provide professional investment advisory services on a discretionary basis for these Mutual Funds. Granite’s investment advice is limited to these types of investment advisory services. 4. C. Client Investment Objectives/Restrictions Granite will tailor advisory services to individual Client

needs and manages each account according to the investment objectives of the strategy selected by the Client and any unique needs and restrictions required by each Client. Investments for separately managed client accounts are managed in accordance with each Client’s stated strategy selection, investment objectives, restrictions and guidelines. Investments for the Private Fund are managed in accordance with the Fund’s strategy, investment objectives restrictions and guidelines and are not tailored to the individualized needs of any particular investor in the fund (each an “Investor”). Therefore, Investors should consider whether the fund meets their investment objectives and risk tolerance prior to investing. Information about the Private Fund can be found in its offering documents, including its limited liability company operating agreement which will be available to qualified current and prospective Investors only through Granite or another authorized party. Investments for the Mutual Funds are managed in accordance with the Mutual Funds’ investment objective, strategy and restrictions. They are not tailored to the individualized needs of any particular investor in the Mutual Funds. 4. D. Wrap and Model Programs (UMAs) Granite has entered into agreements with Wrap and UMA program sponsors (collectively “Program Sponsors”). These are sub-advisory relationships where the Program Sponsor provides investment supervisory services to its Clients, including making recommendations concerning an investment adviser to render certain investment advice with respect to a Client's portfolio. The Client enters into an agreement with the Program Sponsor and the Program Sponsor has a separate master agreement with Granite. For Wrap program accounts, Granite may affect transactions through other broker-dealers, but it is expected that most of the transactions will be executed through the Program Sponsor because part of the Program Sponsor’s negotiated fee with the Client includes brokerage commissions and trading costs. We manage the Wrap program accounts on a discretionary basis. Granite receives a portion of the wrap fee from the sponsor as an investment adviser to these programs. In these relationships, Granite may not have direct contact with the underlying client, as we do with our direct accounts. Granite attempts to manage these accounts in the same manner as our non-wrap accounts managed in the same strategy. The management styles offered by Granite to client participants in these wrap-fee programs may vary among the different programs. For UMA program accounts, Granite provides a model to the Program Sponsor and the Program Sponsor effects transactions in the client accounts. UMA accounts are managed by Granite on a non-discretionary basis and Granite has no contact or information on the Program Sponsor’s clients whose accounts utilize Granite’s model recommendations. 4. E. Assets Under Management as of 12/31/2023: Discretionary: $2,738 million; 1,905 accounts Other (UMA accounts): $1,308 million