Firm Description Profit Investments serves institutional clients investing in U.S. equities. Based in metropolitan Washington, DC, Profit Investments was founded in 1996 by Eugene Profit, who had the goal of establishing a first-class investment adviser that delivered more to its clients than benchmark-beating returns. Eugene Profit is President and sole owner of Profit Investments. Types of Advisory Services Profit Investments offers portfolio management services to state and municipal governments, banks, trusts, investment companies, estates, corporations or pensions, charitable organizations and profit sharing plans. Profit Investments’ management of these accounts is guided by the stated objectives and restrictions of each client as reflected in a written agreement between Profit Investments and the client setting forth the terms and conditions under which Profit renders its services (collectively the “Agreement”). Profit Investments may use standardized composite portfolios and/or create customized recommendations in order to adequately address a client’s needs. The composite portfolios have been created to enable Profit Investments to establish, trim or eliminate positions on a pro rata basis across all like managed accounts. Please refer to Item 8 for more information. Tailored Relationships Clients may impose reasonable restrictions on the management of their account(s). Every account is governed by the unique objectives of that client and monitored on a frequent basis (as described in Review of Accounts below). Model Provider Programs Profit Investments provides trading signals regarding its proprietary model portfolios on a real-time, nondiscretionary basis to certain institutional clients. Profit continuously

reviews, supervises and administers the model as well as provides ongoing signals to these clients containing the firm’s recommendations for transactions/re-allocations of assets within the model. Trade recommendations from Profit Investments are provided to these institutional clients at the same time (or as concurrently as possible) the trades are executed on behalf of the firm’s managed accounts. Profit does not have discretionary authority over these assets and will not execute any recommended transactions. Retirement Plan Services Profit Investments may also provide certain investment management or investment advisory services to employer-sponsored defined contribution, defined benefit or profit sharing plans, subject to ERISA. The terms of any such services are governed by the contract between the Plan Sponsors and Profit Investments and may differ from the fee schedules shown below. Profit Investments may perform certain fiduciary services and act as a fiduciary of Plan assets under Section 3(21) or Section 3(38) of ERISA. Such services may include providing recommendations to a Plan Sponsor who will retain the final decision making authority regarding the selection, retention addition and removal of investment options. Profit Investments may also provide the firm’s composite portfolios as options within the Plan and have full discretionary authority over the investment management of the assets within those model portfolios selected by the Plan and/or the underlying plan participants. Client Assets Profit Investments provides continuous and regular management services to discretionary securities portfolios. As of December 31, 2023, Profit had discretionary assets under management of $180,331,957.