Firm Description TWIN Capital is an investment adviser with its principal place of business in McMurray, Pennsylvania. We commenced operations as an investment adviser on April 16, 1990 and have been registered with the SEC since April 1990. Principal Owners Geoffrey Gerber is the principal owner of TWIN Capital. Types of Advisory Services TWIN Capital provides advisory services to individuals, institutions, and other organizations such as family offices. We provide investment supervisory services through the discretionary management of separate accounts, and also furnish investment advice through consultations not involving investment supervisory services (where we do not have discretion over the assets). We focus on a quantitative valuation method and the use of quantitative tools and models. We also incorporate fundamental factors and technical analysis into many of our investment strategies. We specialize in quantitative analysis with a unique Fundamental Tilt® approach. (More information regarding Fundamental Tilt® is provided in the section titled “Methods of Analysis”.) When we provide investment advice and have discretion over the assets, our advice is generally limited to equity investments that trade on U.S. exchanges, including large, mid, and small cap stocks, as well as ETFs and mutual funds. When we provide investment advice and do not have discretion over the assets, our advice may also include general asset allocation as well as a broader range of securities and investment vehicles. We also provide our models to certain clients to assist them in constructing their investment portfolios (the assets with respect to which we provide such services, our “assets under advisement”). Tailored Relationships We provide advice to client accounts based on specific investment objectives and strategies. Generally, we manage our investment advisory accounts without detailed knowledge or consideration of all the individual needs and objectives of the specific client. Most of our clients are institutional in nature and retain professional investment consultants and/or possess significant internal investment expertise. TWIN Capital typically manages only a small portion of our client’s overall assets. We formulate

an investment program which is deemed prudent and appropriate to the nature of the account, relying on the client’s and their consultant’s assessment, if any, that our strategies and/or benchmarks are appropriate for their needs. We may agree to tailor advisory services to the individual needs of clients. Clients may impose restrictions on investing in certain securities or certain types of securities. Wrap Fee Programs We serve as a portfolio manager for the Wells Fargo Advisors Private Advisor Network wrap fee program, as well as the UBS Managed Accounts Consulting, UBS Access and UBS Strategic Wealth Portfolio Programs. Wells Fargo and UBS, as the sponsors for the programs, are responsible for providing all wrap fee clients with a copy of their Wrap Fee Brochure. The Wrap Fee Brochure provides a description of the additional fees charged under the program, a description of the portion of fees provided to persons providing services under the program, and the services provided. Conflicts of interest and other material arrangements must also be disclosed. Wrap fee clients should let their Financial Advisor know if they did not receive a copy of the Wrap Fee Brochure from Wells Fargo or UBS and if they have any questions regarding the information contained in it. TWIN may receive a portion of the wrap fee as payment for our investment management services. We manage wrap fee accounts in the same manner as non-wrap fee accounts, but since a portion of the wrap fee paid by clients is for execution services, their accounts will typically be traded with the wrap fee sponsor rather than at the broker/dealer selected for our non-wrap fee accounts. Please refer to our disclosures for Directed Brokerage in the Brokerage Practices section of this document. Client Assets As of December 31, 2023, TWIN Capital had approximately $784.51 million in client assets under management (of which $774.69 million is managed on a discretionary basis and $9.82 million is managed on a non-discretionary basis). TWIN Capital had approximately $960.78 in total assets under advisement. Assets under advisement includes investment advice provided through model delivery relationships in addition to the assets under management listed previously.