Firm Description Formed May 2021, Marketocracy Masters, Inc. is a registered investment advisor, doing business as Marketocracy Capital Management, LLC (“Marketocracy” or the “Firm”), offering investment advisor services, as further described below, through the internet. Principal Owners Glen Brownworth, Director and Chief Technology Officer, is the principal owner of Marketocracy. Types of Advisory Services Marketocracy Masters is an internet-based advisor which uses an algorithm created to manage client accounts based on their individual financial situation and goals. Clients provide information about themselves and their investment objectives exclusively through the Marketocracy Masters interactive website. The algorithm considers client inputs including but not limited to income, assets, debts, age, expenses, risk tolerance, and personal goals to create and manage a portfolio invested into one or more of the model portfolios managed by our Masters, and or the Master’s Investment Committee. Clients have the option to override the recommended portfolio created by the algorithm and choose one or more of the model portfolios managed by our Masters, and or the Master’s Investment Committee. Clients will electronically enter into an advisory agreement with Marketocracy and open a brokerage account with Interactive Brokers, an independently registered broker dealer acting as the custodian of client accounts. Marketocracy will maintain discretion over client accounts. The algorithm uses the following assumptions in recommending client portfolios:
• A lower risk level is preferred over a higher risk level for the same level of

return
• An individual security impacts the risk and return profile of an entire portfolio, therefore diversified portfolios can outperform while reducing risk and volatility
• Assets in a portfolio that have a negative correlation, could realize stronger returns rather than exclusively holding one type of asset within a portfolio The algorithm may also have limitations that include:
• Minimalizing risk may limit returns
• Our algorithm is focused on long-term investing and may lead to short term declines from time to time
• The lack of updated information on a timely basis by a client Risks inherent in the use of an algorithm may include:
• The inability to react to significant events on an intraday basis
• The inability to recognize prolonged changes in market conditions
• Technology failures
• Systemic risk may be amplified Conditions that might cause Marketocracy Masters to override the algorithm include:
• Significant events that move the market or an individual asset on an intraday basis
• Prolonged changes in market conditions
• Technology failures Our algorithms are created by our management team in conjunction with Ping Software USA, which is also a shareholder of the company. Clients should review and update their personal information at least yearly and whenever a significant life event occurs that changes one or more of the original inputs. Tailored Relationships Clients will not be allowed to place restrictions on their accounts. Client Assets As of December 31, 2023, Marketocracy has $2,364,900 in discretionary assets under management.