Gsam Stable Value, LLC is a financial advisory firm based in Burlington, Vermont. It currently has approximately $24,842,024,370 of assets under management and employs about 11 people. Gsam Stable Value, LLC uses a fee structure of a percentage of assets under your management and additional information on fees charged can be found in part 2a.

Champlain Investment Partners, LLC is an independent, employee-owned asset management firm established in 2004 and headquartered in Burlington, Vermont. The firm specializes in providing absolute returns while managing risk through Small Cap, Mid Cap, and Strategic Focus equity strategies. Champlain offers discretionary investment advisory services to institutional separate accounts and pooled investment vehicles, with assets totaling $16,250,049,883 as of 12.31.24. The firm's fee structure for separate accounts varies based on asset levels, with fees negotiable and payable quarterly in arrears. Champlain also offers model-based programs where third-party sponsors have discretion over client accounts based on Champlain's model portfolios. Clients include investment companies, pension plans, endowments, and family offices, with an initial separate account investment minimum of $10,000,000. Champlain's investment strategies focus on companies with sustainable competitive advantages, durable business models, and sound balance sheets. The firm actively manages portfolios within each strategy, aiming to minimize business and valuation risks. Champlain's proxy voting policy ensures voting in the best interests of clients, and the firm maintains a robust cybersecurity policy to protect client information. For more detailed information, the full brochure is available upon request at 802.846.6200.

Hanson & Doremus Investment Management is a financial advisory firm based in Burlington, Vermont. It currently has approximately $574,568,032 of assets under management and employs about 13 people. Hanson & Doremus Investment Management uses a fee structure of a percentage of assets under your management and hourly charges.

Birchview Capital, LP, established in March 2025, is a financial advisor specializing in providing investment management services to privately offered investment funds and separately managed accounts. The firm's investment objective is to generate capital appreciation by focusing on underappreciated companies with growth potential, including public and private investments. Birchview manages approximately $183.1 million of client assets on a discretionary basis as of December 31, 2024. Fees are negotiable, with management fees generally at 1.5% per year and incentive allocations ranging from 10% to 20%. Birchview may receive research from broker-dealers without formal soft dollar arrangements. The firm has a Code of Ethics to ensure ethical conduct and fair treatment of clients, including personal trading policies. Birchview has discretion over investment decisions and may aggregate trades for multiple clients. The firm reviews client portfolios regularly and provides reports to clients. Birchview has custody of client assets and provides discretionary voting on client securities. The firm has no disciplinary events to report and is financially sound. Birchview discloses potential risks associated with its investment strategies, such as directional investments, leverage, and investing in specific sectors like biosciences and energy. Clients are advised to review all disclosures and consult with their own advisors before engaging Birchview's services.

44 North Capital, LLC is a privately owned investment advisory firm headquartered in Burlington, VT, established in 2023 and registered with the U.S. Securities and Exchange Commission. The firm manages approximately $113,955,548 in assets on a discretionary basis. Services offered include discretionary investment management, financial planning, and consulting. Investment strategies include fundamental, cyclical, charting, and technical analysis, with a focus on diversification and both passive and active management. The firm may utilize options, alternative investments, and various strategies like tactical asset allocation and cash as a strategic asset. Clients can choose between discretionary or non-discretionary management. The firm does not charge performance-based fees and acts as a fiduciary, putting clients' interests first. Clients have the option to direct brokerage transactions, and the firm does not impose a minimum account size. 44 North Capital does not pay referral fees and has no disciplinary information to report. The firm has custody of client funds when authorized and accepts discretionary authority over client accounts. Voting of proxies and handling of class action lawsuits are part of the firm's services. Financially, the firm does not require prepayment of fees exceeding $1,200 per client and has a stable financial condition.