Item 5 Additional Compensation ............................................................................................................................ 20 Item 6 Supervision ........................................................................................................................................................ 20 Brochure Supplement (Part 2B of Form ADV) .......................................................................... 22 Executive Officer ............................................................................................................................................................ 22 Lauren J. Borden ............................................................................................................................................................. 22 Item 2 Educational Background and Business Experience .......................................................................... 22 Item 3 Disciplinary Information .............................................................................................................................. 22 Item 5 Additional Compensation ............................................................................................................................ 23 Item 6 Supervision ........................................................................................................................................................ 23 Firm Description Cloud Investments, LLC (Cloud Investments), an Alabama Limited Liability Company, was formed and became a registered investment advisory firm in 2015. In February 2018 the firm was registered with the Securities and Exchange Commission (SEC). Cloud Investments is 100% owned by Don P. Cloud. Cloud Investments provides investment advisory services in the areas of employee benefits, retirement, and cash flow planning. The firm provides advice with respect to limited types of investments including: stocks, bonds, mutual funds, ETFs (exchange traded funds) as well as others. Types of Advisory Services ASSET MANAGEMENT Cloud Investments offers discretionary direct asset management services to advisory clients. Cloud Investments will offer clients ongoing portfolio management services through determining individual investment goals, time horizons, objectives, and risk tolerance. Investment strategies, investment selection, asset allocation, portfolio monitoring and the overall investment program will be based on the above factors. The Client will authorize Cloud Investments discretionary authority to execute selected investment program transactions as stated within the Investment Advisory Agreement. ERISA PLAN SERVICES Cloud Investments provides service to qualified retirement plans including 401(k) plans, 403(b) plans, pension and profit-sharing plans, cash balance plans, and deferred compensation plans as a 3(21) advisor: Limited Scope ERISA 3(21) Fiduciary. Cloud Investments may serve as a limited scope ERISA 3(21) fiduciary that can advise, help and assist plan sponsors with their investment decisions. As an investment advisor Cloud Investments has a fiduciary duty to act in the best interest of the Client. The plan sponsor is still ultimately responsible for the decisions made in their plan, though using Cloud Investments can help the plan sponsor delegate liability by following a diligent process. 1. Fiduciary Services are:
• Provide investment advice to the Client about asset classes and investment options available for the Plan in accordance with the Plan’s investment policies and objectives. Client

will make the final decision regarding the initial selection, retention, removal and addition of investment options. Cloud Investments acknowledges that it is a fiduciary as defined in ERISA section 3 (21) (A) (ii).
• Assist the Client in the development of an investment policy statement (“IPS”). The IPS establishes the investment policies and objectives for the Plan. Client shall have the ultimate responsibility and authority to establish such policies and objectives and to adopt and amend the IPS.
• Provide investment advice to the Plan Sponsor with respect to the selection of a qualified default investment option for participants who are automatically enrolled in the Plan or who have otherwise failed to make investment elections. The Client retains the sole responsibility to provide all notices to the Plan participants required under ERISA Section 404(c) (5) and 404(a)-5.
• Assist in monitoring investment options by preparing periodic investment reports that document investment performance, consistency of fund management and conformance to the guidelines set forth in the IPS and make recommendations to maintain, remove or replace investment options.
• Meet with Client on a periodic basis to discuss the reports and the investment recommendations. 2. Non-fiduciary Services are:
• Assist in the education of Plan participants about general investment information and the investment options available to them under the Plan. Client understands Cloud Investments’s assistance in education of the Plan participants shall be consistent with and within the scope of the Department of Labor’s definition of investment education (Department of Labor Interpretive Bulletin 96-1). As such, Cloud Investments is not providing fiduciary advice as defined by ERISA 3(21)(A)(ii) to the Plan participants. Cloud Investments will not provide investment advice concerning the prudence of any investment option or combination of investment options for a particular participant or beneficiary under the Plan.
• Assist in the group enrollment meetings designed to increase retirement plan participation among the employees and investment and financial understanding by the employees. Cloud Investments may provide these services or, alternatively, may arrange for the Plan’s other providers to offer these services, as agreed upon between Cloud Investments and Client. 3. Cloud Investments has no responsibility to provide services related to the following types of assets (“Excluded Assets”):
• Employer securities;
• Real estate (except for real estate funds or publicly traded REITs);
• Stock brokerage accounts or mutual fund windows;
• Participant loans;
• Non-publicly traded partnership interests;
• Other non-publicly traded securities or property (other than collective trusts and similar vehicles); or
• Other hard-to-value or illiquid securities or property. Excluded Assets will not be included in calculation of Fees paid to Cloud Investments on the ERISA Agreement. Specific services will be outlined in detail to each plan in the 408(b)2 disclosure. SEMINARS AND WORKSHOPS Cloud Investments holds seminars and workshops to educate the public on different types of investments and the different services they offer. The seminars are educational in nature and no specific investment or tax advice is given. Client Tailored Services and Client Imposed Restrictions The goals and objectives for each client are documented in our client files. Investment strategies are created that reflect the stated goals and objective. Clients may impose restrictions on investing in certain securities or types of securities. Agreements may not be assigned without written client consent. Wrap Fee Programs Cloud Investments does not sponsor a wrap fee program. Client Assets under Management Cloud Investments has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $224,000,000 $0 08/08/2023