Bultman Investment Management, Inc.

Bultman Investment Management, Inc. (BIM) is a Wisconsin Corporation established in April 1991, offering investment management services primarily focused on equity no-load mutual funds, exchange-traded funds (ETFs), and fixed income securities. BIM caters to both nondiscretionary and discretionary client accounts, providing continuous portfolio management tailored to individual client needs. Clients have the option to impose restrictions on BIM's authority, and account reports are provided quarterly, with more frequent reports available upon request. BIM does not provide financial planning services and does not have a minimum asset requirement but charges a minimum annual fee of $1,000. The firm may refuse accounts that do not align with its investment approach. BIM also offers asset management services to clients of other investment advisers on both nondiscretionary and discretionary bases. Fees at BIM are calculated as a percentage of assets under management, with a minimum annual fee of $1,000. The firm does not charge performance-based fees and discloses all fees to clients. BIM's investment analysis methods include fundamental, technical, and cyclical analysis, with investment strategies based on client objectives. The firm does not guarantee investment results and emphasizes understanding client liquidity needs and risk tolerance. BIM has no disciplinary history and does not engage in other financial industry activities or affiliations. The firm has a formal Code of Ethics to ensure high ethical standards and prevent conflicts of interest. Clients have discretion over brokerage practices, and BIM recommends Charles Schwab & Company, Inc. as a custodian for client securities. BIM does not take custody of client funds and does not vote on client securities proxies. Fred Sitzberger, the majority owner of BIM, has a background in accounting and finance, with no disciplinary history and is actively involved in other business activities.