Investment Adviser Professional Liability

The following question relates to the Applicant's investment vehicles.

Please confirm the breakdown of the Applicant's investment vehicles.

Separately Managed Accounts

% of Total RAUM

{0}%

Registered Investment Funds (other than Alternative Registered Funds)

% of Total RAUM

{0}%

Private Funds

% of Total RAUM

{3.98}%

Alternative Registered Funds

% of Total RAUM

{0}%

Family Office Accounts

% of Total RAUM

{0}%

Other Investment Vehicle

% of Total RAUM

{0}%

The following questions relate to the type of assets managed by the Applicant.

Please confirm the Applicant's current year and prior year total Regulatory Assets Under Management (RAUM).

Discretionary RAUM

Current Year

$ {574,919,615}

Non-discretionary RAUM

Current Year

$ {574,919,615}

Total RAUM

Current Year

$ {574,919,615}

Previous Year

$ {574,919,615}

Please confirm the breakdown of the Applicant's invested assets across all of its clients.

U.S. Government/Agency Bonds, Registered Investment Companies other than Alternative Registered Funds (that are not managed by the Applicant), Cash and Cash Equivalents.

% of Total RAUM

{0}%

Exchange-Traded Equity, Investment grade U.S. State and Local Bonds, Investment grade Sovereign Bonds, Investment grade Corporate Bonds, Securities Issued by Pooled Investment Vehicles (that are not managed by the Applicant)

% of Total RAUM

{0}%

Non-investment Grade Bonds, Derivatives, Physical Real Estate, Non-subprime Structured Products, Repurchase Agreements, Non-subprime Direct Loans, Currencies, Commodities, Alternative Registered Funds, Digital Assets (currencies or other blockchain based tokens).

% of Total RAUM

{0}%

Non Exchange-Traded Equity, Cannabis related investments, Subprime related investments.

% of Total RAUM

{0}%

Other* (Please specify below)

% of Total RAUM

{0}%

Does the Applicant invest more than 5% in total RAUM in any Level 2 or Level 3 assets as defined by FAS 157?

{No}

What percentage of Total RAUM is represented by the largest single investment/security across all of the Applicant's portfolios? If the largest investment is in U.S. Government/Agency Bonds or Registered Investment Companies (other than Alternative Registered Funds), please enter the next largest invested asset.

{Less than 10%}

Please provide a breakdown of the Applicant's investments across geographical regions.

United States

% of Total RAUM

{0}%

Developed Markets outside the United States

% of Total RAUM

{0}%

Other Markets

% of Total RAUM

{0}%

The following questions relate to the Applicant's investment strategy.

Please provide a breakdown of the Applicant's investments across geographical regions.

(Pick the investment strategy that represents the largest % of Total RAUM)

Investment Strategy

{Long Only; Long-Short Equity or Credit; Marco}

% of Total RAUM

{0}%

Does the Applicant take board seats or controlling positions on invested entities?

{No}

Does the Applicant employ leverage in its investment strategy?

{No}

Has the Applicant materially changed its primary investment strategy or engaged in a new strategy that is materially different than its current investment strategy(ies)?

{No}

The following questions relate to the Applicant's client base.

Please provide a breakdown of the Applicant's client base. For funds and other pooled investment vehicles, please provide information on the underlying clients.

Banking or thrift institutions; Other Investment Advisers; Insurance Companies

% of Total RAUM

{0}%

High net worth individuals; Charitable organizations; Sovereign wealth funds and foreign official institutions; Corporations or other businesses; Registered Investment Funds (other than Alternative Registered Funds); Private funds (other than pension or profit sharing plan investors within such funds - include those clients under 'Pension and profit sharing plans')

% of Total RAUM

{0}%

Individuals (other than high net worth individuals)

% of Total RAUM

{0}%

Pension and profit sharing plans (but not the plan participants or government pension plans); State or municipal government entities (including government pension plans)

% of Total RAUM

{0}%

Alternative Registered Funds; Other

% of Total RAUM

{0}%

Does the Applicant's non-U.S. investors represent greater than 15% of total RAUM?

{No}

Does the Applicant's largest single investor represent greater than 20% of total RAUM?

{No}

The following questions relate to the Applicant's services.

Does the Applicant provide services as a subadviser where subadvised clients represent greater than 20% of total RAUM?

{No}

Does the Applicant engage the services of a subadviser (including Turn-key Asset Management Programs) to manage greater than 15% of their total RAUM?

{No}

Does the Applicant act as a pension consultant (as defined by ERISA under section 3(21) or 3(38)) or an investment consultant with Assets Under Advisement that is not considered Regulatory Assets Under Management?

{No}

Applicant engages the services of "expert networks" to conduct investment research.

{No}

Applicant provides preferential liquidity or information priviledges to certain clients through side letters (side letters that ONLY provide for reduced fees do not apply here)

{No}

Applicant utilizes side-pocket investment vehicles

{No}

The following questions relate to the Applicant's past investment performance.

Please select the response that corresponds to the Applicant's worst annual net return of any fund or strategy (i.e., largest annual drawdown) in the past 5 years (or since inception if the firm started less than 5 years ago).

{Worse than -50%}

Please select the response that corresponds with the Applicant's worst monthly net return of any fund or strategy (i.e., largest monthly drawdown) in the past 5 years (or since inception if the firm started less than 5 years ago).

{Worse than -20%}

Please select the response that corresponds with the Applicant's best annual net return of any fund or strategy (i.e., largest annual gain) in the past 5 years (or since inception if the firm started less than 5 years ago).

{Worse than 0%}

Please select the response that corresponds with the Applicant's best monthly net return of any fund or strategy (i.e., largest monthly gain) in the past 5 years (or since inception if the firm started less than 5 years ago).

{Worse than 0%}

The following question relates to the experience level of the Applicant's investment executives.

Please select the applicable investment management experience of the Applicant's Chief Investment Officer or functional equivalent.

{Less than 10 years}

Prior History and Loss Experience

The following questions relate to the Applicant's history of regulatory or legal proceedings and insurance loss.

Have any of the following individuals or entities ever been the subject of any customer or business litigation, regulatory proceeding, regulatory enforcement action, or regulatory investigation in the past 10 years?

(Do not include any employment practices litigation here)

Executive Officers (regardless of whether the event occurred while at the Applicant firm or a prior employer)

{No}

Employees of the Applicant other than Executive Officers (regardless of whether the event occurred while at the Applicant firm or a prior employer)

{No}

The Applicant firm

{No}

When was the last time the Applicant reported a claim to a policy for which this proposed policy is a renewal or replacement? (Do not include any Employment Practices Liability or Fiduciary Liability claims in your response to this question)

{Within the past 3 years}

Is the Applicant seeking coverage for Registered Investment Companies?

{No}

Does an Applicant or any of its partners, directors, officers, trustees, fiduciaries, or employees have any knowledge of any fact, circumstance, or act which might give rise to a claim under the proposed insurance coverage?

{No}

Pertaining to the Question above, it is agreed that if the Undersigned or any Insured proposed for this insurance has knowledge of any such fact, circumstance or act, or if such pending or prior claim or suit exists, then any claim or suit arising therefrom shall be excluded from coverage under the proposed policy.

Has the applicant had any communication with the SEC (outside of a routine examination) or received any deficiency letters in the past 2 years?

{No}