Kyobo Life Asset Management (america) Co., Ltd.

Kyobo Life Asset Management (America) Co., Ltd. is a registered investment adviser with the SEC, established in January 2015. It is a wholly owned subsidiary of Kyobo Life Insurance Co., Ltd. The firm specializes in investment management services through separately managed accounts, focusing on fixed income strategies primarily in U.S. and European bonds. Kyobo also offers discretionary model portfolio management tailored to client goals and risk tolerance. For clients, investment management fees range from 0.08% to 0.165% per annum, with ETF portfolio management charged at 0.3% per annum. Clients have the flexibility to impose restrictions detailed in the investment management agreement. Kyobo does not participate in a wrap fee program and does not accept performance-based fees. The firm does not have any disciplinary events, and its investment strategies aim to minimize risks associated with bond market investments. Kyobo employs top-down and bottom-up approaches in investment analysis, focusing on credit portfolio stability and improving yield profiles. Clients are encouraged to review their financial goals regularly, and Kyobo does not take custody of client accounts. Clients are responsible for voting on securities held in their portfolios. Kyobo has a Code of Ethics outlining high standards of business conduct and fiduciary duty to clients. The firm does not compensate for client referrals and does not vote proxies on behalf of clients. Kyobo has no financial commitments impairing its ability to meet obligations.