New Century Advisors, LLC (“NCA LLC”), founded in March 2002, provides discretionary fixed-income and US Small Cap Equity portfolio management services primarily utilizing separate accounts. The headquarters is located at 2 Wisconsin Circle, Suite 940, Chevy Chase, Maryland, 20815. New Century has also opened an office in New Rochelle, NY, Aspen, CO, Pittsburgh, PA and Del Mar, CA. The primary functions performed in the New York, Colorado and Pennsylvania offices are investment research and trading. The primary functions performed in California are marketing and business development. New Century Advisors, LLC also provides investment management services to clients in wrap fee programs sponsored by a bank or broker-dealer (“BD”). There is no difference in New Century Advisors, LLC’s investment management strategy or philosophy between wrap fee accounts and its other clients. Wrap-fee programs, which are described in more detail in the applicable disclosure brochures published by their respective sponsors, charges its clients a bundled asset-based fee for an array of investment services, such as brokerage, advisory, research, custody and management services. New Century Advisors, LLC does not sponsor a wrap fee program. Listed below are the firm's principal shareholders (i.e., those individuals and/or entities controlling 25% or more of this company).  Ellen B. Safir  Nils C. Overdahl NCA LLC offers the following investment strategies to clients:  Short Duration Plus Bond – portfolios that seek to preserve and enhance the real value of assets relative to a U.S. benchmark, e.g. Merrill Lynch 1-3 year Treasury.  Core Bond - portfolios that seek to achieve a value-added rate of return relative to a U.S. benchmark, e.g. Bloomberg

Barclays Aggregate Index.  Intermediate Core Bond - portfolios that seek to achieve a value-added rate of return relative to a U.S. benchmark, e.g. Bloomberg Barclays U.S. Intermediate Aggregate Index.  US TIPS - portfolios that seek to achieve a value-added rate of return relative to a U.S. benchmark, e.g. Bloomberg Barclays U.S. TIPS Index, Bloomberg Barclays 1-5 TIPS Index.  Global Inflation Linked (Hedged and Unhedged strategies) - portfolios that seek to achieve a value-added rate of return relative to a non-U.S. benchmark, e.g. Barclays Global Bond Index.  Multi-Asset Real Return Strategy - portfolios that seek to achieve a value-added rate of 300 basis points above the 12-month Consumer Price Index (CPI) level.  US Small Cap Equity Strategy - strategy seeks long-term capital growth and may offer downside protection through risk management. The strategy benchmark is the Russell 2000 Index. NCA LLC tailors its strategies to a client’s needs. NCA LLC works closely with clients to: 1) determine the risk and return objectives, 2) define the asset allocation, and 3) select specific securities and market sectors. NCA LLC assumes discretionary responsibility for all aspects of the day-to-day management and investment of the client’s account. Clients can impose investment guideline restrictions on investing in certain securities or types of securities. NCA LLC may invest client assets in other types of securities, including fixed income securities, individual equity securities, options, currency, futures, forward contracts and exchange traded funds (ETFs). As of 12/31/2023, New Century Advisors, LLC managed $ 3,951,461,460 in client assets on a discretionary basis. NCA does not manage assets on a non-discretionary basis.