Front Street Capital Management, Inc. (FSCM) is a SEC-registered investment adviser with its principal place of business located in Montana. FSCM began conducting business in 2006. The firm's principal shareholder (i.e., those individuals and/or entities controlling 25% or more of this company) is Russell Piazza. FSCM has separated its portfolio management services into five separate and distinct components explained below. For each service, clients will have the opportunity to place reasonable restrictions on the types of investments made in client accounts. Clients will also retain individual ownership of all securities. Our investment recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company and will generally include advice regarding the following securities:
• Exchange-listed securities
• Securities traded over-the-counter
• Exchange Traded Funds
• Mutual fund shares
• United States governmental securities
• Corporate debt securities (other than commercial paper)
• Foreign issuers
• Options contracts on securities
• Money Market Because some types of investments involve certain additional degrees of risk, they will only be implemented/recommended when consistent with the client's stated investment objectives, tolerance for risk, liquidity, and suitability. FSCM does not trade unsolicited derivatives for its advisory clients but will assist clients with options contracts on securities upon request. Our firm provides continuous advice to a client regarding the investment of client funds based on the individual needs of the client. Through personal discussions in which goals and objectives based on a client's particular circumstances are established, we develop a client's personal investment policy and create and manage a portfolio based on that policy. During our data-gathering process, we determine the client’s individual objectives, time horizons, risk tolerance, and liquidity needs. As appropriate, we also review and discuss a client's prior investment history, as well as family composition and background. As of January 1, 2024, FSCM managed approximately $615 million dollars on a discretionary basis. FSCM does not manage any money on a non-discretionary basis. Account supervision is guided by the client's stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income), as well as tax considerations. Clients may impose in writing, reasonable restrictions on investing in certain securities, types of securities, or industry sectors in accordance with their values or beliefs. However, if the restrictions prevent FSCM from properly servicing the client account, or if the restrictions would require FSCM to deviate from its standard suite of services, FSCM may not be able to service the account. Portfolio Management Services INVESTMENT ADVISOR TO THE TARKIO FUND (TARKX) FSCM provides discretionary portfolio management services to the Tarkio Fund (“Tarkio Fund”), a publicly traded mutual fund registered under the Investment Company Act of 1940. Front Street Capital Management, Inc. Form ADV Part 2A/2B Page 5 FSCM serves as the investment manager to the Tarkio Fund, and continuously manages

the fund assets based on the investment goals and objectives as outlined in the Mutual Fund's Prospectus. Interested investors should refer to the Tarkio Fund's Prospectus and Statement of Additional Information ("SAI") for important information regarding objectives, investments, time-horizon, risks, fees, and additional disclosures. Prior to making any investment in the fund, investors and prospective investors should carefully review these documents for a comprehensive understanding of the terms and conditions applicable for investment in the Tarkio Fund. EQUITY PORTFOLIO MANAGEMENT FSCM will create a portfolio consisting primarily of equity securities. We will allocate the client's assets among various equity investments taking into consideration the client's stated objectives and the overall management style selected by the client. The lead portfolio manager for this strategy is Russell Piazza. MUTUAL FUND PORTFOLIO MANAGEMENT FSCM will create a portfolio consisting of one or more no-load mutual funds. We will allocate the client's assets taking into consideration the overall management style selected by the client. A typical account using this strategy will include the no-load mutual fund (Tarkio Fund) managed by FSCM as described above and an S&P 500® Index fund or ETF. The lead portfolio manager for this strategy is Russell Piazza. Third party mutual funds may, from time to time, be selected based on any of the following criteria: the fund's performance history; the industry sector in which the fund invests; the track record of the fund's manager; the fund's investment objectives; the fund's management style and philosophy; and the fund's management fee structure. Portfolio weighting between funds and market sectors will be determined by each client's individual needs and circumstances. FIXED INCOME PORTFOLIO MANAGEMENT FSCM will create a portfolio consisting primarily of fixed income securities. We will allocate the client’s assets among fixed income securities, taking into consideration the overall management style selected by the client. We may utilize US Treasury Securities and U.S. government agency bonds (including, but not limited to, federal home loan bonds) as part of this service where appropriate to the needs of the client. The lead portfolio manager for this strategy is Russell Piazza. DELANO PORTFOLIO MANAGEMENT FSCM will create a portfolio consisting of stocks, bonds, certificates of deposit, no-load mutual funds, and money market funds. Mutual fund purchases are usually made in smaller accounts to increase diversification and lower trading expenses. The lead portfolio manager for this strategy is David Wild. CONSULTING SERVICES Clients can also receive investment advice on a more focused basis. This may include advice on only an isolated area(s) of concern such as estate planning, retirement planning, or any other specific topic. We also provide specific consultation and administrative services regarding investment and financial concerns of the client. Consulting recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company. All recommendations are of a generic nature. Front Street Capital Management, Inc. Form ADV Part 2A/2B Page 6