General Description of Advisory Firm Oakhurst Capital Advisors, LLC (“OCA,” or the “Adviser”) is an investment adviser registered with the U.S. Securities and Exchange Commission. We provide investment advisory services to clients on both a discretionary and non-discretionary basis. OCA is a Delaware limited liability company formed on September 11, 2019, and jointly owned by Lido Advisors LLC (“Lido”) and Rowhouse Capital Partners, LLC (“Rowhouse”) with a principal address of 3050 K St. NW, Suite 201 in Washington, DC 20007, and an office located at 1875 Century Park East, Suite 960, Los Angeles, California 90067. Lido is a privately-owned registered adviser. Rowhouse is owned equally by David Littleton and Alexander Morris. We serve as an investment adviser or sub-adviser to various clients including individuals, high- net worth individuals, banking or thrift institutions, investment companies, pooled investment vehicles, pension and profit-sharing plans, charitable organizations, corporations, and endowments. OCA had $762,070,332 in discretionary assets under management as of December 31, 2023. General Description of Advisory Services OCA is a diversified investment manager with experience delivering investment solutions. Our focus on providing strong risk adjusted returns is possible due to our deep commitment to proprietary research, rather than a dependence on Wall Street. We provide investment management services to mutual funds and through separately managed accounts. In accounts managed by OCA, we manage investment products which include corporate bonds, municipal bonds, cash instruments, mortgage-backed securities, asset-backed securities, and government securities. Our firm provides continuous advice to a client regarding the investment of client funds based on the individual needs of the client or entity. Through personal discussions in which goals and objectives based on a client’s particular circumstances are established, we create and manage a portfolio based on that those guidelines. During our data-gathering process, we determine the client’s objectives, time horizons, risk tolerance, and liquidity needs. As appropriate, we also review and discuss a client’s prior investment history, as well as family composition and background. We manage these advisory accounts on a discretionary basis using proprietary investment strategies and our advice is limited to investments within those strategies. We may accept non- discretionary accounts on occasion, but that is by exception only. Account supervision is guided by the client’s stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income), as well as tax considerations. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Our investment recommendations

are not limited to any specific product or service offered by a broker-dealer or insurance company and will generally include advice regarding the following securities:
• Exchange-listed securities
• Securities traded over-the-counter
• Corporate debt securities (other than commercial paper)
• Commercial paper
• Certificates of deposit
• Municipal securities
• Mutual fund shares (Advised or Sub-Advised funds)
• United States governmental securities
• Options contracts on securities Because some types of investments involve certain additional degrees of risk, they will only be implemented/recommended when consistent with the client’s stated investment objectives, tolerance for risk, liquidity and suitability. Mutual Fund Portfolio Management OCA serves as the subadviser to the Oakhurst Fixed Income Fund (the “Fixed Income Fund”), the Oakhurst Short Duration Bond Fund (the “Short Duration Bond Fund”) and the Oakhurst Short Duration High Yield Credit Fund (the “Short Duration High Yield Credit Fund”) (each a “Fund” and, collectively, the “Funds” or the “Oakhurst Funds”). Each of the Funds is a series portfolio of F/m Funds Trust, an open-end investment company registered under the Investment Company Act of 1940. Further information is available in the Funds’ Prospectus and Statement of Additional Information (“SAI”). Sub-Adviser Relationships OCA serves as a sub-adviser to other investment advisers, including its affiliated registered investment adviser Lido Advisors, LLC, per the terms and conditions of written sub-advisory Agreement between the two affiliates. With respect to its sub-advisory services, firms that engage OCA's sub-advisory services maintain both the initial and ongoing day-to-day relationship with the underlying client, including initial and ongoing determination of client suitability for our designated investment strategies. If the custodian/broker-dealer is directed by the investment adviser and/or client, OCA will be unable to negotiate commissions and/or transaction costs, and/or seek better execution. As a result, the client could pay higher commissions or other transaction costs or greater spreads or receive less favorable net prices on transactions for the account than would otherwise be the case through alternative clearing arrangements recommended by OCA. Higher transaction costs adversely impact account performance. OCA also utilizes the services of its affiliate F/m Investments, LLC d/b/a Oakhurst Capital Management as sub-adviser for accounts in which OCA is designated as investment adviser, including accounts for which it serves as the sub-adviser (e.g., accounts where Lido Advisors, LLC serves as primary adviser). We describe these business arrangements and relationships in more detail in Item 10 of this brochure.