Park Shore Partners LLC (“Park Shore” or the “Firm”) was formed in November 2007 as a limited liability company under the laws of Delaware. Park Shore is registered with the Securities and Exchange Commission as an investment adviser. Park Shore is wholly owned by HBK Sorce Financial LLC, doing business as HBKS Wealth Advisors. In turn, HBK Sorce Financial LLC is wholly owned by HBK Sorce Holdings LLC, which is majority owned by Hill, Barth & King Financial Holdings LLC, the holding company for Hill, Barth & King LLC, a public accounting Firm. As of August 31, 2023 the Firm managed $103,077,478 in assets on a discretionary basis, and $0 in assets on a non-discretionary basis. The amount of assets being managed may be materially different at the time you receive this disclosure based on the growth or loss of clients, and/or changes in the values of assets being managed. Fund Advisory Services Park Shore is engaged in the business of providing portfolio management and discretionary investment advice. Park Shore provides its investment advisory services through private investment funds (individually a “Opportunity Fund” or collectively the “Opportunity Funds”), which are offered for sale to a limited number of investors who meet the criteria for “qualified purchasers”, “accredited investors” and/or “qualified clients” under the relevant laws and regulations as they apply to each Fund. See Section 7 below. Park Shore also provides sub-advisory services to the Park Shore Multi Asset Strategy Fund LLC (the “MAS Fund”), a private investment fund owned by First Trust Capital Management L.P., with First Trust Advisors L.P. (collectively “First Trust”) being the investment advisor to the MAS Fund. The MAS Fund is available to investors who meet the criteria for “accredited investors” and “qualified clients” as defined under the relevant laws and regulations. The Opportunity Funds and the MAS Fund are collectively referred to as the Funds. Opportunity Funds Park Shore advises four Opportunity Funds that operate in a master-feeder fund structure. The Opportunity Funds consist of: a. Park Shore Opportunity US QP Fund LP (the “QP Fund”). The QP Fund is a limited partnership formed under Delaware law which privately and continuously offers interests to an unlimited number of qualified investors. Park Shore is the “General Partner” of the QP Fund. The offering of interests in the QP Fund is not registered under the Securities Act of 1933. b. Park Shore Opportunity US Fund LP (the “US Fund”). The US Fund is a limited partnership formed under Delaware law which privately and continuously offers interests to a limited number of qualified investors. Park Shore is the “General Partner” of the US Fund. The offering of interests in the US Fund is not registered under the Securities Act of 1933. c. Park Shore Opportunity Offshore Fund Ltd (the “Offshore Fund”). The Offshore Fund was formed under the laws of the Cayman Islands and continuously offers interests to qualified non-U.S. and/or U.S. tax exempt investors. The Firm serves as “Investment Manager” for the Offshore Fund. The Offshore Fund is offered to a limited number of qualified non-U.S. and U.S. tax-exempt investors. The offering of interests in the Offshore Fund is not registered under the Securities Act of 1933. d. Park Shore Opportunity Fund Ltd (the “Master Fund”). The Master Fund was formed under the laws of the Cayman Islands. The Firm serves as Investment Manager for the Master Fund. The QP Fund, the US Fund and the Offshore Fund are feeder funds to the Master Fund. Substantially all of the assets of the QP Fund, US Fund and Offshore Fund are invested through the Master Fund. None of the Opportunity Funds are registered under the Investment Company Act of 1940, as amended (the “1940 Act”). Park Shore may become the general partner or investment manager of additional private funds, including Opportunity Funds, in the future. With respect to the Opportunity Funds, Park Shore follows a long term strategy that seeks capital appreciation primarily through investments in dividend paying stocks. Park Shore employs a fundamental, bottoms-up research driven approach by generally investing in companies that pay dividends at high yields. The Firm will typically place 80% or more of its investments in dividend paying stocks, particularly in mid cap and large cap companies, as well as electronically traded funds (“ETF”) and mutual funds. Park Shore may also make investments in companies that are not expected to pay dividends. Such investments will typically be no more than 20% of the investments. From time-to-time, the Firm may hold significant cash positions. The Firm may also uses option strategies including, but not limited to, strategies to enhance performance, preserve gains or hedge against market downturns. For a more detailed description of the investment strategies of the Funds, see section 8 below. As set forth in the organizational documents of the Opportunity Funds, Park Shore generally cannot be terminated as investment adviser to the Opportunity Funds. This limitation is subject to the laws of the jurisdiction in which it is incorporated for the Offshore Fund and Master Fund. However, Opportunity Fund investors that no longer wish to have their assets managed by Park Shore can redeem their interests in such Opportunity Fund in accordance with its redemption procedures. For a complete description of the relevant terms and conditions of the Opportunity Funds, please review the relevant Private Offering Memorandum. First Trust Funds Park Shore acts as a sub-advisor to the MAS Fund where Park Shore provides portfolio management and discretionary investment advice for private investment funds issued by First Trust. Pursuant to this sub- advisor relationship, First Trust (along with its affiliates) is the issuer and registered investment advisor of the MAS Fund, and First Trust retains Park Shore pursuant to a sub-advisor agreement to manage the MAS Fund assets. The MAS Fund has multiple classes of investments with differing investment strategies. Currently the MAS Fund has the following classes and strategies: a. Strategic Income class: Seeks to achieve attractive risk-adjusted returns by building an investment portfolio that generates a high level of current income and also provides for the opportunity of long term capital appreciation. In pursuing such investment objective, Park Shore will trade, buy and sell (including selling short), exchange traded securities, exchange-traded funds, mutual funds (including, without limitation, internal funds and tender offer funds), debt instruments and other fixed income instruments (including, without limitation, corporate, governmental, rated, unrated, floating rate, fixed rate, US Dollar denominated and/or non-US Dollar denominated instruments), futures contracts, forward contracts, option contracts, American Depositary Receipts, privately issued securities and/or other financial instruments, and such other instruments or interests as Park Shore deems appropriate. Investments may be made directly or indirectly through various hedge funds or other commingled investment vehicles with similar investment strategies b. Private Equity Vintage I: Seeks to achieve total returns through income and capital appreciation by investing in certain equity interests and/or debt instruments of operating companies or other similar types of investments in a variety of industries and geographic locations, which investments will be made indirectly through several private equity funds, growth equity funds, venture capital funds, co- investment vehicles and/or other investment vehicles with similar investment strategies. Park Shore may, and intends to, become sub-advisor to additional MAS Fund classes in the future, but is not guaranteed to do so. The MAS Fund (including its classes) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”). As set forth in the organizational documents of the MAS Fund, Park Shore generally cannot be terminated as sub-adviser to the MAS Fund. This limitation is subject to the laws of the jurisdiction in which it is incorporated for the MAS Fund. However, MAS Fund investors that no longer wish to have their assets managed by Park Shore can redeem their interests in the MAS Fund in accordance with its redemption procedures. Additional Information For All Funds The Firm does not provide investment supervisory services to individual investors. Rather, Park Shore's investment supervisory services are limited to providing investment advisory services to the Funds. The Firm does not provide financial planning, estate planning, insurance planning or any other related or unrelated financial planning or consulting services. Other than checking the responses set forth in the Fund’s subscription documents to see if the prospective investor qualifies to invest in the Funds, the Firm does not determine suitability of the Funds for the investor, or otherwise advise the investor as to the suitability of the Funds or any of their underlying investment strategies. In addition, the Firm is not required to verify or confirm any investor responses or representations contained in the subscription documents, and is expressly authorized to rely thereon. Advisory Related Services Through An Affiliated Investment Adviser The Firm does not provide individual client financial planning, investment supervisory, investment management, investment reporting, or investment implementation services. Rather, in the event that individuals and/or institutions desire to obtain such services on a fee basis, the Firm may recommend HBKS® Wealth Advisors, an affiliated SEC registered investment adviser Firm, to provide investment advisory services and/or financial planning services (See Item 10 below). Investment Implementation/Management The Firm does not provide investment implementation services. Rather, in the event that individuals and/or institutions desire to implement investment advisory services on a commission basis, the Firm may recommend HBKS® Wealth Advisors, an affiliated SEC registered investment adviser Firm, which has certain investment advisor representatives that can act as a registered representative of Purshe Kaplan Sterling Investments, Inc. (“Purshe”), a FINRA member broker-dealer. Miscellaneous Affiliated Private Funds. As discussed above, Park Shore serves as the General Partner or Investment Manager of, and provides discretionary investment management services to, the Opportunity Funds. Park Shore also acts as sub-advisor to the MAS Funds. The terms and conditions for participation in each of the Funds, including management

and incentive fees, conflicts of interest, and risk factors, are set forth in each of the Fund’s offering documents. Please Note: Private investment funds generally involve various risk factors, including, but not limited to, potential for complete loss of principal, liquidity constraints and lack of transparency, a complete discussion of which is set forth in each Fund’s offering documents, which are provided to each investor for review and consideration. Unlike liquid investments that an investor may maintain, private investment funds do not provide daily liquidity or pricing. Each prospective investor will be required to complete a Subscription Agreement, pursuant to which the investor shall establish that he/she/it is qualified for investment in the Fund, and acknowledges and accepts the various risk factors that are associated with such an investment. For its services as the Funds’ adviser or sub-adviser, Park Shore shall earn a management fee, and shall have the opportunity to earn additional incentive compensation. No individual or entity is obligated to become a Fund investor. Please Also Note: Valuation. In the event that Park Shore references the value of the Funds on any supplemental reports or communications, the value(s) shall reflect the most recent valuation as determined by the Funds’ independent administrator. Please Also Note: Conflict Of Interest. Because the Firm earns compensation from the Funds having an individual or institution become an investor in either of the Funds presents a conflict of interest. The Registrant’s Chief Compliance Officer, Michael Wassmann, also remains available to address any questions regarding this conflict of interest at mwassmann@parkshorepartners.com or (814) 536-5776; (866) 536-5776. Portfolio Valuation A. Portfolio Valuation Policy Park Shore will use information provided by the custodian holding the Fund’s assets when available as its primary pricing source for purposes of valuing portfolios, both for fee billing and investment performance calculation purposes. With respect to private equity classes of the MAS Fund, Park Shore will use valuations provided by the administrator or the retained asset managers. B. Private/Alternative Investment Funds The value(s) for all investments in the Funds shall reflect either the initial investment and/or the most recent valuation provided to Park Shore as set forth above. If the valuation reflects the initial investment (and/or a value as of a previous date), the current value(s) (to the extent ascertainable) could be significantly more or less than original investment. The advisory fee shall be based upon such reflected Fund value(s). C. Fair Valuation Policy In the rare instance in which the custodian, administrator or manager is unable to obtain a price and/or Park Shore strongly believes they are not accurately pricing a security, Park Shore will undertake a review to determine a fair value for that security. When determining a fair value for a security, Park Shore will attempt to obtain a quote from at least one independent pricing source, preferably two or more. This process will be monitored by the CCO, who will make a determination regarding whether these quotes represent fair value. If Park Shore is unable to obtain quotes or determine the quotes received do not represent fair value, Park Shore will establish a fair valued price for the security based on knowledge of the security and current market conditions, among any other considerations deemed appropriate. The CCO will make the final determination as to the fair value, and document the rationale used to establish a fair valued price for the security. To the extent applicable, fair valued securities will be reviewed by the CCO regularly. The fair value price will be adjusted as appropriate by the CCO or priced by the custodian as soon as the price is available and deemed to be reliable. If any exist, a list of fair valued securities and the rationale supporting the fair valuation shall (to the extent applicable) be maintained Park Shore and reviewed by the CCO. For additional information on valuing illiquid investments please see the offering documents for the Opportunity Funds and MAS Fund. D. Account Reconciliations Park Shore generally reconciles all client trades on a daily basis as applicable. Park Shore also reconciles all holdings within the custodian accounts on a periodic basis. Any exceptions identified by the reconciliation process shall be timely researched and resolved. E. Fee Debit Reconciliations Park Shore shall review a random sample of investor accounts on a periodic basis, and work with the Funds’ administrators, to confirm that the advisory fee has been accurately billed/debited by the account custodian. Investor Obligations. In performing its services, Park Shore shall not be required to verify any information received from an investor or from the investor’s other professionals, and is expressly authorized to rely thereon. Moreover, each investor is advised that it remains his/her/its responsibility to promptly notify Park Shore if there is ever any change in his/her/its financial situation precluding the investor from continuing to invest in the Funds. 5. FEES AND COMMISSIONS As part of its fiduciary duties, Park Shore endeavors at all times to put the interests of the Funds’ investors first. Investors should be aware, however, that the receipt of any fees or benefits by Park Shore, in and of itself, creates a potential conflict of interest. Park Shore’s investment advisory fees for clients of the Funds consist of an asset-based management fee and a performance fee. With respect to a Fund organized as a limited partnership, Park Shore will be paid a quarterly Management Fee of 0.25% of assets under management (i.e., 1.0% per annum). The management fee will be paid in advance based on the value of each limited partner’s capital account as of the first day of each calendar quarter (adjusted for contributions or subscriptions made during the quarter). The fee will be prorated for any period that is less than a full fiscal quarter. These fees will be deducted from the Master Fund for investors in Opportunity Funds organized as limited partnerships, and from each separate MAS Fund organized as a limited partnership. With respect to a Fund organized as an exempted company under the laws of the Cayman Islands, Park Shore will be paid quarterly management fee of 0.25% of assets under management (i.e., 1.0% per annum). The management fee will be paid in advance based on the value of each shareholder’s shares as of the first day of each calendar quarter (adjusted for purchases of shares made during the quarter), and it will be prorated for any period that is less than a full fiscal quarter. These fees will be deducted from the Master Fund. For each fiscal year, Park Shore will also be entitled to receive an incentive fee equal to 10% of the net increase, if any, of the net asset value of the investments in the Funds, subject to the offset of any prior period losses attributable to a share. The MAS Fund incentive fee may be subject to hurdle rates of return before any incentive fee is earned, and may only be paid for return beyond the hurdle rate. For more details see section 6 below. Withdrawals from investments in the Opportunity Funds are permitted at the end of each calendar quarter. The person wishing to withdraw shall give at least 90 days prior written notice of the desire to withdraw. Since an ordinary withdrawal is done at the end of a financial quarter, fees will have been fully earned and no return of fees will be necessary. The General Partner has discretion to permit withdrawals at times other than the end of a quarter for the Opportunity Funds, but may charge a 4% withdrawal fee in such cases. For the MAS Fund, there is no voluntary withdrawal right for illiquid strategies. For liquid strategies an investor may request a withdrawal upon 95 days notice. For additional information regarding withdrawal rights and obligations, please see the offering documents for the MAS Fund. The QP Fund and US Fund, will be responsible for paying operating expenses which include commissions, custodial fees, bank fees, and other expenses related to the purchase, sale or transmittal of QP Fund and US Fund assets. The MAS Fund will incur the obligations to pay operating expenses, transaction costs, custodial fees and other expenses. The investment advisory fees are not reduced to offset any commissions or fees incurred by the clients. In some cases, clients of HBKS® Wealth Advisors (an affiliate registered investment adviser) may be referred or recommended to Park Shore. If the client chooses to invest in a Fund managed by Park Shore, HBKS® Wealth Advisors will charge the client an advisory fee of .5% of assets under management per year. In turn, Park Shore will reduce its management fee to .5% of assets under management per year so that the client is paying the same 1% per year fee as if the client was not referred or recommended by HBKS® Wealth Advisors. Park Shore will still charge the 10% incentive fee in addition to the combined 1% per year management fee paid HBKS® Wealth Advisors and Park Shore. HBKS® Wealth Advisors will not receive any portion of the incentive fee. Please Note: The fact that management fees are paid to HBKS® Wealth Advisors creates a conflict of interests in that Park Shore and HBKS® Wealth Advisors are affiliated entities, and that fees paid to one of these entities can result in benefits to the other. Because Park Shore is a sub-advisor for the MAS Fund, fees charged by Park Shore may be collected by First Trust and paid to Park Shore. Investors in MAS Fund will be charged advisory fees and operating expenses by First Trust and the MAS Fund. These fees and expenses are separate from and in addition to the fees charged by Park Shore and HBKS® Wealth Advisors. More details about the type and amount of fees and expenses charged by First Trust and the MAS Fund can be found in the applicable offering documents for the MAS Fund. Conflicts of interest that arise between clients and Park Shore are disclosed in this section and elsewhere in the Brochure. Park Shore has in place a compliance program and has appointed a Chief Compliance Officer to monitor all activity and protect client interests. Part of the responsibilities of the compliance department is to make sure that client interests come first when potential conflicts of interest exist.