Staley Capital Advisers, Inc. (“Staley Capital”) is an investment advisory firm providing tailored investment and wealth management services within either individualized private accounts or an investment-related limited partnership. Staley Capital was incorporated in Pennsylvania in May 1996 by John A. Staley IV and he remains the President and principal owner of the firm. Brian McInerney and James Roberge joined the firm as owners and Managing Directors in late 1996, followed by William Stotz in 1998. Michael Friday became a shareholder and Managing Director in 2007, as did Christopher Pretsch in 2012 and Constantine (Dean) Kartsonas in January 2020. Effective September 1996, Staley Capital registered with the U.S. Securities and Exchange Commission (“SEC”) as an investment adviser; it has also filed as an investment adviser with the Pennsylvania Securities Commission. As of January 1, 2020, Jim Roberge is Senior Managing Director, Investment Research and Brian McInerney is Senior Managing Director, Private Account Management. Staley Capital manages assets in two distinct areas: 1) managed separate private accounts, primarily for wealthy families, high-net-worth individuals, trusts, profit sharing plans, and non- profit organizations, and 2) Staley Capital serves as general partner and adviser to an investment- related limited partnership which is offered only to investors meeting suitability requirements as defined from time to time by the SEC (“accredited investors”). Private accounts. Each private account has a portfolio manager responsible for investment and oversight. The portfolio manager is responsible for understanding each client’s goals, financial profile and risk tolerance, as well as any restrictions applicable to the client’s accounts. We recognize each client possesses a unique profile and we adjust portfolio strategy and positions accordingly. Our process is designed to package our capital markets expertise into a highly personalized product. Although clients may have input, private account clients typically grant us full discretion to decide the securities to purchase or sell for their accounts, when and at what price to transact, and which broker-dealer (hereinafter “broker”) executes the trades. Investment-Related Limited Partnership. As the general partner for the limited partnership, Staley Capital has complete discretion over the investment program for the fund. Investment

Committee. Staley Capital has an Investment Committee which meets throughout the year to discuss asset allocation, industry sectors, specific securities and the capital market environment. We invest with a long-term, relative value focus, incorporating individual securities and a wide range of investment vehicles, including but not limited to third-party mutual funds and exchange-traded funds. We also take tactical advantage of opportunities created by short-term market disruptions. The members of the Investment Committee are John Staley, Michael Friday, Dean Kartsonas, Brian McInerney, Christopher Pretsch, James Roberge, William Stotz, and Andrew Roberge and Graham Friday [see the Brochure Supplement for biographical information about each]. The Investment Committee considerations are not binding on the individual portfolio managers as each client account is unique; portfolio managers are responsible for applying the Investment Committee strategies to their clients’ individual portfolios as they deem appropriate. Managers sometimes differ in the timing of certain trades based on their schedules and their individual analysis of markets and the intrinsic value of the security. Client cash flows also impact the application of Investment Committee strategies to individual portfolios. Staley Capital managers engage in frequent informal discussions among themselves with respect to specific securities, investment strategies and the capital market environment in general. At times, managers also jointly discuss investments and allocation strategies for specific client accounts. Types of Investments. Accounts may be invested in a wide range of security types in accordance with the investment goals and risk tolerance of each individual client. Some of the most commonly employed securities include common and preferred stock, corporate bonds, municipal bonds, government bonds, cash equivalents, mutual funds, and exchange-traded funds. We occasionally buy and sell options for certain clients. [For information about the risks associated with various types of investments, see Item 8: Methods of Analysis, Investment Strategies and Risk of Loss.] Assets Under Management. As of December 31, 2023, Staley Capital managed approximately $2,470,777,659 on a discretionary basis for private account clients. Limited partnership assets on December 31, 2023, were approximately $110,916,917.