Proshare Advisors LLC is a financial advisory firm based in Bethesda, Maryland. It currently has approximately $53,251,436,325 of assets under management and employs about 98 people. Proshare Advisors LLC uses a fee structure of and a percentage of assets under your management.

Chevy Chase Trust Company, established in 1997 and operational since 1999, is a Maryland state-chartered trust company providing investment management services to high-net-worth individuals, investment companies, pension plans, and other institutional clients. The firm offers discretionary and non-discretionary advice on equities and fixed income securities, with assets under management of $40.3 billion as of December 31, 2024. Clients can expect personalized portfolio management based on factors like risk tolerance, regulatory requirements, and investment objectives. The firm primarily charges asset-based fees, with a minimum fee of $35,000 and fee schedules based on a $3 million minimum. Investment strategies focus on thematic investing, aiming to capitalize on global trends and economic forces. Chevy Chase Trust Company does not charge performance-based fees and manages various account types with differing fee schedules. The firm's custody services are provided by Reliance Trust Company, ensuring the segregation of client assets from the firm's own assets. Clients can access account reports and transactions online or through quarterly correspondence. Chevy Chase Trust Company follows strict ethical guidelines, including a Code of Ethics, and complies with proxy voting regulations. The firm does not receive compensation for proxy voting and participates in class action claims on behalf of eligible clients. No financial issues or disciplinary information is reported for the firm.

Asb Capital Management LLC is a financial advisory firm based in Bethesda, Maryland. It currently has approximately $27,057,564,881 of assets under management and employs about 77 people. Asb Capital Management LLC uses a fee structure of a percentage of assets under your management and performance-based fees.

Durable Capital Partners Lp is a financial advisory firm based in Bethesda, Maryland. It currently has approximately $13,662,036,190 of assets under management and employs about 46 people. Durable Capital Partners Lp uses a fee structure of a percentage of assets under your management and performance-based fees.

Arlington Capital Partners is a financial advisory firm based in Bethesda, Maryland. It currently has approximately $7,296,670,131 of assets under management and employs about 23 people. Arlington Capital Partners uses a fee structure of a percentage of assets under your management and performance-based fees.

Midcap Financial Services Capital Management, LLC is a financial advisory firm based in Bethesda, Maryland. It currently has approximately $6,364,006,602 of assets under management and employs about 278 people. Midcap Financial Services Capital Management, LLC uses a fee structure of and a percentage of assets under your management.

**Heritage Investors Management Corporation Summary:** **Background and Expertise:** Heritage Investors Management Corporation, established in 1974, is a registered investment advisor providing personalized investment management services. The firm is owned by President Michael S. Cornfeld and his family's Trusts. Heritage manages portfolios of stocks, bonds, ETFs, and money market instruments for various clients, tailoring each portfolio to individual objectives and considering factors like risk level, tax situation, and growth needs. **Consumer-Facing Terms:** - Minimum Initial Investment: Raised from $1,000,000 to $2,000,000 - Minimum Fee: Raised from $10,000 to $15,000, negotiable in certain circumstances - Fee Structure: 1.00% on the first $1,000,000 under management, 0.50% on the balance over $1,000,000 - Fiduciary Duty: Firm operates under a special rule to act in the client's best interest - Investment Discretion: Clients grant discretionary authority for selecting securities **Advisory Business Description:**

Profund Advisors LLC is a financial advisory firm based in Bethesda, Maryland. It currently has approximately $2,765,532,834 of assets under management and employs about 98 people. Profund Advisors LLC uses a fee structure of and a percentage of assets under your management.

Abrams Bison Investments, LLC is a registered investment adviser established in December 1999 and has been registered with the SEC since January 2006. The firm, led by Gavin Abrams, offers advisory services on a discretionary basis to private pooled investment vehicles for sophisticated and institutional investors. Client assets under management totaled $2,507,414,000 as of December 31, 2024. The firm charges a quarterly management fee of 0.2125% of net assets, along with an annual allocation of 20% of net profits. Abrams Bison specializes in long-term equity and risk arbitrage investments, focusing on concentrated investments in undervalued publicly traded companies. The firm's investment strategy carries risks such as market fluctuations, hedging, issuer-specific changes, leverage, short selling, and derivatives. Abrams Bison does not participate in wrap fee programs and does not manage portfolios for clients with specific investment restrictions. The firm has not been involved in any material litigation or investigations. Clients receive regular reports and statements, and the firm exercises investment discretion in managing client assets. Abrams Bison complies with proxy voting policies and procedures and does not have directed brokerage arrangements with clients.