First Trust Direct Indexing L.P. is an investment advisor firm registered with the U. S. Securities and Exchange Commission (“SEC”) since July 30, 2018. The principal owner of First Trust Direct Indexing L.P. is First Trust Capital Partners LLC. Advisory Services First Trust Direct Indexing L.P.’s (“First Trust Direct Indexing,” “FTDI,” or “Advisor”) principal service is managing domestic, international, and global equity portfolios for high-net worth individuals, institutions, and intermediaries such as wealth managers, consultants and family offices. In addition, FTDI advises a very limited number of individual clients on asset allocation and fund selection. In its capacity as the sub-advisor to intermediaries, FTDI will manage all or a portion of the client’s funds outsourced for portfolio management to FTDI. This relationship will be memorialized in each contract between FTDI and the intermediary. First Trust Direct Indexing creates customized long equity separately managed portfolios for individuals and institutions that incorporate client specifications for benchmark index selection, factor tilts, Socially Responsible Investing (“SRI”), values alignment (e.g., faith based), and active tax management (tax-loss harvesting). FTDI also offers clients the ability to customize their portfolios to meet specific requirements such as holding restrictions, sector and industry limitations, market exposure, situation-appropriate tax needs, and risk factor tilts. Benchmarks include broad market equity indexes representing domestic and/or foreign companies. Once a client has selected an investment strategy and benchmark index, FTDI provides supervision and management of the assets. Clients

are responsible for informing FTDI of any changes to their investment objectives, individual needs and/or restrictions. Investment Screening Services First Trust Direct Indexing will provide Socially Responsible Investment screening as a research service to other investment advisors and institutions. These screening services are provided by third-party vendors. The results of these services may be used by the other investment advisors and institutions to help manage their clients’ portfolios. FTDI will not be involved in the management of those accounts. Model Portfolio Services First Trust Direct Indexing will provide model portfolios to other investment advisors. The model portfolios may be used by the other investment advisors to help manage their clients’ portfolios, and FTDI will not be involved in the management, or make suitability determinations, of those accounts. The type and quantity of model portfolios, and the fees associated with providing the model portfolios, will be negotiated and agreed in advance between FDTI and the other investment advisors. First Trust Direct Indexing will tailor its advisory services to its client’s individual needs based on meetings and conversations with the client. If clients wish to impose certain restrictions on investing in certain securities or types of securities, the Advisor will address those restrictions with the client to have a clear understanding of the client’s requirements. First Trust Direct Indexing L.P. Page 5 First Trust Direct Indexing does not provide portfolio management services to wrap fee programs. As of December 31, 2023, First Trust Direct Indexing had $1.42 billion in discretionary, and no non-discretionary, client assets under management.