A. Business Commencement Date Intercam Advisors has been in business since September of 2010. B. Ownership Intercam Advisors is wholly owned by Intercam Holdings, Inc., which is wholly owned by Grupo Intercam, S.A. de C.V. Mr. Eduardo Garcia Lecuona Mayeur holds a greater than 25% ownership interest in Grupo Intercam. Following is a chart depicting the Firm’s ownership structure: C. Services DISCRETIONARY ACCOUNTS. Intercam Advisors offers personalized discretionary investment management services to its clients. Clients are asked to provide Intercam Advisors with certain information with respect to their current financial holdings, investment objectives, risk tolerance, liquidity needs, and time horizon. The Firm will also inquire as to the restrictions the client wishes to impose on the management of the accounts. From the information that is supplied by the client, Intercam Advisors constructs an allocation mix and investment strategy that it believes is suitable for that client. LIMITED DISCRETIONARY ACCOUNTS. Intercam Advisors also offers limited discretionary advisory services tailored to its clients. As with the discretionary accounts, clients are asked to provide the Firm with information regarding their financial profile and any restrictions the client wishes to impose on the management of the accounts. For limited discretionary accounts, Intercam Advisors will recommend an investment strategy, allocation mix, or changes to the client's existing portfolio that the Firm believes is suitable for that client. The Firm has an ongoing responsibility to make recommendations to the client based upon the client's financial and investment profile. The client approves or disapproves each recommendation made by the Firm. Upon approval of any recommendation, the Firm will arrange for effecting the securities transaction(s) recommended. MODEL PORTFOLIOS. We conduct research and utilize third-party research to develop asset allocation recommendations for a variety of model portfolios. We diversify client assets on a discretionary basis in accordance with the objective(s) of each model portfolio. We review with Eduardo Garcia Lecuona Mayeur (more than 25%) Grupo Intercam , S.A. de C.V.
(100%) Intercam Holdings, Inc.
(100%) Intercam Advisors, Inc.
the client the available portfolios in conjunction with the client’s financial and risk profile and investment experience to assist the client in determining which model portfolio may be best suited for them. The objective(s) of each of the model portfolios is described in the following chart: Portfolio Name General Risk Profile Portfolio Objective(s) Flex Conservative The objective is to minimize fluctuations in the market value of the Portfolio by investing primarily in Fixed Income instruments, mostly with high credit quality. The investor is willing to accept lower returns in exchange for stability. Conservative Conservative The objective is to minimize fluctuations in the market value of the Portfolio, investing primarily in fixed income with a limited exposure to equities. The investor is willing to accept lower returns in return for desired stability. Moderate Moderate Assets are invested in a balanced mix of Fixed Income instruments and Equities, with a small percentage allocated to alternative investments and commodities using Mutual Funds. The objective of the strategy is to grow capital over the long term. The investor is willing to accept moderate fluctuations (volatility) in the value of the Portfolio. Aggressive Aggressive With this strategy, the Portfolio is invested primarily in equities with exposure to the main indexes both in the USA and around the world. In addition, it invests in thematic ideas with exposure to high growth sectors. The exposure to Fixed Income instruments is moderate. The objective is to seek capital growth. The investor is willing to accept high fluctuations (volatility) in the value of the Portfolio. Income Generator Variable Investing directly in Fixed Income instruments, the objective is to generate a steady cash flow. This Portfolio is designed for investors who can tolerate high fluctuations in the value of the Portfolio and have the ability to hold investments until maturity. RECOMMENDATION SERVICES. Intercam Advisors offers to clients portfolio analysis and/or recommendations regarding investments, mergers, acquisitions, or other financial or business transactions or matters on a one-time, non-discretionary basis. FINANCIAL PLANNING. Intercam Advisors offers financial planning services. In an effort to gain a comprehensive understanding of the client’s present and long-term financial needs and goals, Intercam Advisors elicits from the client certain information such as the client’s current financial

holdings, investment objectives, risk tolerance, time horizon, retirement goals, insurance needs, estate planning needs, and other financial-related planning needs. Intercam Advisors evaluates this information to make recommendations in connection with the client’s investments and investment strategies. As agreed upon with the client, Intercam Advisors will also provide recommendations concerning retirement planning, estate planning, insurance planning and college planning. Intercam Advisors does not have an ongoing responsibility to make recommendations to the client. Intercam Advisors does not have the responsibility to arrange any securities transaction but may arrange one or more transactions upon the client's instruction. ESTATE PLANNING. Intercam Advisors identifies potential estate planning issues and arranges for certain third-party legal, accounting, and/or tax professionals to prepare and/or review certain documents and/or provide certain services to help protect the client against legal, financial or tax liability exposure. The third parties are not our agents. Intercam Advisors does not have an ongoing responsibility to make recommendations to the client. Intercam Advisors does not have the responsibility to arrange any securities transaction but may arrange one or more transactions upon the client's instruction. CONCIERGE SERVICES. We provide portfolio, transaction, and strategy recommendations based on the client’s investment objectives, risk tolerances, time horizons, liquidity needs, wealth transfer and beneficiary planning intentions, and other financial-related expectations. We also recommend and coordinate with third-party service providers to render other professional financial- related services to the client in furtherance of the client’s goals and objectives. We have an ongoing responsibility to provide non-discretionary investment recommendations. The client decides whether to implement any recommendations given and retains the authority to arrange for transactions in the accounts. CONSOLIDATION SERVICES: We offer consolidation services where we prepare and deliver to the client a report itemizing the value of the holdings in each of the accounts included in the agreement and their collective value on a particular date. It is important to understand that the reports provided may contain information and data about accounts for which we do not provide investment management services or advise the client. Thus, no inference should be drawn that we serve as the adviser on all securities and assets listed on the consolidated financial summaries. Management services are provided through a separate agreement. OTHER SERVICES. Intercam Advisors provides non-discretionary services to clients (which may include related entities), which services include (1) periodically providing reports concerning indicative quotes, market pricing, information about general economic conditions, and/or types of securities, (2) making investment buy/sell recommendations, (3) recommending asset allocation mixes, and/or (4) non-discretionary portfolio management advice regarding the selection of investment securities and/or investment vehicles and the quantities or amounts of securities or other interests to be purchased, leveraged, transferred, exchanged, traded and/or sold by certain customers of the entity consistent with and based on Intercam Advisors’ analyses of the investment requirements, objectives, and investment restrictions adopted by the accountholder and communicated to Intercam Advisors. Intercam Advisors is not responsible for arranging or effecting any recommended transactions. Intercam Advisors also provides non-discretionary consulting services which may include preparation of consolidated financial and account statements, financial and/or investment-related presentations and personal meetings, periodic reports on certain aspects of the financial markets, as dictated by the client, and assistance with other financial matters as directed by the client. INVESTMENT PRODUCT TYPES. Generally, the Firm’s investment advice is confined to the following universe of securities and products:  Exchange listed securities  Securities traded over-the-counter  Securities issued by foreign issuers, including foreign sovereign debt instruments  Corporate debt securities, including commercial paper  Certificates of deposit  Warrants  U.S. government securities  Mutual funds (foreign and domestic)  Variable life insurance and variable annuities  Exchange-traded funds  Options contracts on securities  Futures contracts on tangibles and intangibles  Private placements  Structured products, including principal-protected notes  Hedge funds D. Assets Under Management As of December 31, 2022, Intercam Advisors was managing $99,198,616.72 in assets on a discretionary basis.