Wasatch Advisors Lp is a financial advisory firm based in Salt Lake City, Utah. It currently has approximately $22,149,423,372 of assets under management and employs about 90 people. Wasatch Advisors Lp uses a fee structure of a percentage of assets under your management and performance-based fees.

Grandeur Peak Global Advisors, LLC, established in 2011, is a Salt Lake City-based investment adviser specializing in discretionary investment management services. The firm manages the Grandeur Peak Funds, a family of no-load mutual funds, along with private investment funds and separately managed accounts. The Grandeur Peak Funds consist of various strategies, including Global Opportunities and International Stalwarts, catering to accredited investors. The firm's investment philosophy involves a process of quantitative screening and fundamental analysis to identify companies globally with above-average return potential over the long term. Grandeur Peak Global does not provide financial planning services and does not tailor services to individual needs within the Grandeur Peak Funds or private funds. The firm has $4.872 billion in assets under management as of December 31, 2024, all of which are discretionary assets. Grandeur Peak Global charges fees based on the assets under management for mutual funds, private investment funds, and separately managed accounts, with fee structures varying based on the specific investment strategy. The firm follows a Code of Ethics, engages in soft dollar arrangements for research services, and has a Proxy Voting Committee to oversee proxy voting activities. Grandeur Peak Global does not have custody of client assets directly but uses qualified custodians. The firm has no disciplinary events to report and maintains financial stability without any impairments to meeting client commitments.

Cynosure Capital Management, a division of The Cynosure Group, LLC, is an SEC-registered investment adviser specializing in outsourced investment advisory services for foundations, endowments, and related individuals. Established in 2015, Cynosure Capital Management managed approximately $2.1 billion in discretionary assets as of December 31, 2024. The firm offers Base Portfolio Advisory Services and Multi-Asset Portfolio Advisory Services, tailored to clients' investment goals and risk tolerance. Clients typically have a minimum investment amount of $50 million, subject to potential reductions. Cynosure charges a negotiable management fee based on asset levels, with rates ranging from 0.35% to 1.15%. The firm exercises investment discretion over client accounts, making decisions on securities, amounts, timing, and manager selection. Cynosure prioritizes best execution for client orders and may aggregate trades for efficiency. The firm does not engage in soft dollar relationships and has established policies to address conflicts of interest. Cynosure does not take physical custody of client assets, which are held at a Qualified Custodian. The firm provides regular account monitoring and reporting, and has a Code of Ethics to guide ethical conduct and prevent conflicts of interest. Cynosure also offers other divisions, including Cynosure Partners, Cynosure Wealth Advisors, and Cynosure Strategies, each with distinct investment focuses and strategies.

Sepio Capital, Lp is a financial advisory firm based in Salt Lake City, Utah. It currently has approximately $2,747,425,817 of assets under management and employs about 29 people. Sepio Capital, Lp uses a fee structure of a percentage of assets under your management, fixed fees, performance-based fees and share in etf profits after expenses.

Peterson Partners, LLC, a registered investment adviser, was founded in September 1995 and restructured to a limited liability company in March 2021. Based in Salt Lake City, UT, Peterson specializes in providing discretionary investment advisory services to private investment funds. The firm manages approximately $2.85

Zions Capital Advisors, Inc. is a SEC-registered investment adviser established in 2004, located in Utah. The firm specializes in offering Institutional Liquidity Management services, tailored for state, municipal, or governmental entities with assets totaling $1,460,957,453 managed on a discretionary basis as of 02/28/2025. Their services include managing short-term investments such as corporate debt securities, commercial paper, and municipal securities. Additionally, they provide Relationship Management Services for clients with legacy securities holdings. For Institutional Liquidity Management, fees are charged as a percentage of assets under management, with negotiable rates based on factors like client type and account size. Relationship Management Services are charged at 0.12% of total client assets. The firm's Code of Ethics ensures high ethical standards, and they do not engage in performance-based fees or principal transactions. Zions Capital Advisors employs fundamental and technical analysis, asset allocation, and various investment strategies to manage client accounts. They do not have any reportable disciplinary events and do not pay referral fees. The firm does not vote proxies on behalf of clients and does not require pre-payment of fees exceeding $1,200 per client in advance.

**Keystone National Group, LLC Summary:** Established in 2006, Keystone National Group, LLC is a registered investment adviser specializing in private markets investment management. The firm focuses on providing diversified investment products with a focus on current income, contractual cash flows, and strong downside protection. As of December 31, 2024, the firm managed approximately $2.27 billion on a discretionary basis. Keystone offers alternative investment solutions in private credit, real estate, equity, and asset-based lending. The firm conducts extensive due diligence to identify attractive risk-adjusted returns for its clients. Keystone primarily sponsors and advises affiliated private credit, real estate, equity, and asset-based lending funds, as well as a closed-end registered investment company. The firm's investment philosophy emphasizes ongoing supervision, in-depth research, and industry relationships to provide access to private market opportunities. Keystone's fee structure varies based on the type of client, with management fees generally payable quarterly or monthly. The firm acts as a fiduciary, providing investment discretion and tailored advisory services to meet each client's objectives and risk tolerance. For more information, visit [Keystone National Group, LLC](www.keystonenational.com).

Alta Capital Management LLC is a financial advisory firm based in Salt Lake City, Utah. It currently has approximately $1,473,348,203 of assets under management and employs about 25 people. Alta Capital Management LLC uses a fee structure of and a percentage of assets under your management.

Cross Creek Advisors, LLC is a registered investment advisor established in 2012, headquartered in Salt Lake City, Utah. The firm primarily serves as the investment advisor to various funds, including Cross Creek Capital II, Cross Creek Capital III, and other Focus Funds and Partner Funds. As of December 31, 2024, the firm managed approximately $1.26 billion in regulatory assets under management, acting as a fiduciary to its clients. The firm's investment strategies include venture capital investments in private companies, direct investments, and investments in underlying venture capital funds managed by established U.S. venture capital managers. Clients of Cross Creek Funds typically include high net worth individuals, family offices, institutions, and charitable organizations. The minimum investment size for the Cross Creek Funds is generally $1,000,000. The firm charges management fees and performance-based fees based on the net profit of the investments, as outlined in the Governing Documents of each Fund. Cross Creek Advisors does not have an affiliated broker-dealer and does not receive compensation from the sale of securities. The firm has a Code of Ethics in place to ensure client interests are prioritized, and it has a Privacy Policy to protect and safeguard clients' personal information. Clients can request a copy of the Privacy Policy and ask questions by contacting the firm directly.