Resource Management Service, LLC

Resource Management Service, LLC is a timberland investment manager established in 1950, offering services to institutional investors through pooled timberland funds and direct accounts. The firm manages approximately $1.4 billion on a discretionary basis and $3.9 billion on a non-discretionary basis across two countries for 14 clients. RMS charges investment management and property management fees ranging from 0.40% to 0.95%, with additional performance-based fees. The firm's investment strategy focuses on investment-grade plantations, achieving operating scale, utilizing research and technology, and practicing environmentally responsible forest management. Clients face various risks such as production, market, currency, liquidity, regulatory, investment, concentration, and valuation risks. RMS and its employees have no legal or disciplinary events related to past or present investment clients. The firm has a Code of Ethics to manage conflicts of interest and a comprehensive risk management approach. Quarterly reviews are conducted, and clients receive regular reports on their timberland investments. RMS does not engage in securities transactions and does not receive soft dollar benefits. The firm accepts discretionary authority for acquisition and management of timberland assets on behalf of clients. RMS has no financial impairments affecting its ability to meet contractual commitments.